Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
81
OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a for-profit corporation. His biggest hurdle is Microsoft, which has outsize influence on the process after having committed more than $13 billion to OpenAI. The companies have been negotiating potential changes in OpenAI’s structure since around October. Those talks have focused on four areas: Microsoft’s equity stake in the for-profit entity; whether... Read more ›
6
As the Teamsters union ramps up an organizing push aimed at Amazon, the owners of the thousands of independent companies that deliver orders for the e-commerce titan are growing increasingly jittery about their future. In a private chat group for owners of those businesses—subcontractors whom Amazon says are the legal employers of the hundreds of thousands of drivers that wear Amazon uniforms and drive Amazon vans—the mood is dark. Some... Read more ›
1
Taiwan’s antitrust regulator on Tuesday said it would block Uber’s proposed $950 million acquisition of Foodpanda’s food delivery service on the island. The regulator, the Taiwan Fair Trade Commission, said the bid for the Taiwanese business of Foodpanda, which is owned by Germany’s Delivery ... Read more ›
0
Christmas Eve is usually the last day of a frantic holiday sprint for staff at e-commerce and logistics companies, after which they can expect to kick back and enjoy a comparatively calm couple of months. Not this year. Virtually any business that moves its products across borders has to be on guard as world leaders jockey to position themselves ahead of Donald Trump’s inauguration and a likely escalation in the... Read more ›
42
Founders Fund is in talks with investors to raise around $3 billion for a new growth-stage-focused fund, according to a person with knowledge of the fundraising efforts. The fundraising efforts, expected to culminate early next year, come after the Peter Thiel-led firm cut the size of its eighth ... Read more ›
0
The gifting season is upon us, with kids and adults alike tearing into their new toys and gadgets while must-have presents from just a few years before sit forgotten. Venture capitalists can probably relate. In the tech world, we’re wrapping up year two of VCs splurging on shiny new artificial intelligence startups. AI startups to automate coding, customer service and sales are under every tree, and maybe a really good... Read more ›
0
For popular China-based Amazon merchants, bargain site Temu has been an attractive new place to sell their wares. And Amazon hadn’t been doing much to stop them from branching out. That’s all changed in recent weeks, several major Amazon merchants said. Amazon representatives have been offering incentives such as free advertising and lower commissions if merchants agree to stop selling on Temu, managers at two large China-based merchants said. Read more ›
0
Elon Musk’s xAI, which develops conversational artificial intelligence in competition with OpenAI, said Monday it raised a $6 billion in equity financing round from a slew of investors, including new ones from the Middle East. The company did not disclose a valuation but it had previously ... Read more ›
0
Workers at an Amazon warehouse in North Carolina have filed for a union election, according to organizers and a National Labor Relations Board filing on Monday. Organizers from Carolina Amazonians for Solidarity and Empowerment said in a press release that they believed at least 30% of workers ... Read more ›
0
Over the past year, OpenAI has dropped not-so-subtle hints about its revived interest in robotics: investing in startups developing hardware and software for robots such as Figure and Physical Intelligence and rebooting its internal robotics software team, which it had disbanded four years ago.Now, OpenAI could be taking that interest to the next level. The company has recently considered developing a humanoid robot, according to two people with direct knowledge... Read more ›
51
Like most big tech companies with artificial intelligence ambitions, Apple has little choice but to use chips from Nvidia, whose graphics processing units are practically a de facto standard in the development and running of AI software. But Apple is working on ways to spend less on Nvidia chips without undermining its success in AI. Instead of buying boatloads of Nvidia chips as its tech peers do, the iPhone maker... Read more ›
4
A decade ago, Peter Thiel wrote somewhat famously that “competition is for losers.” He was interested in backing startups that looked like Google, whose products were so good “that no other firm can offer a close substitute.” A caveat he offered was that he wasn’t interested in backing monopoly businesses that look like “government favorites.”Thiel’s mission statement might need updating. Read more ›
0
Microsoft is preparing to incorporate large language models developed in-house, and certain LLMs from third parties, as alternatives for OpenAI’s LLMs in Microsoft 365 Copilot, its main generative AI product, Reuters reported. Microsoft’s goal is to make Copilot’s AI ... Read more ›
0
The Biden administration has launched a new trade investigation into China’s supply of “legacy” chips that aren’t the most advanced but are widely used in many key industries. The probe, which will be handed over to the incoming Trump administration and could result in ... Read more ›
0
Thrive Capital has raised $179 million in new capital for an investment vehicle associated with its growth fund, a $4 billion fund launched in August, according to a securities filing. The filing said Thrive had raised the funds from 33 investors beginning earlier this month. The New York-based ... Read more ›
0
Telegram’s revenue rose sharply to more than $1 billion this year and the messaging app turned a profit for the first time, founder and CEO Pavel Durov said Monday in his Telegram channel. Telegram started generating revenue in 2021 when it introduced ads, and it launched paid premium ... Read more ›
0
Apple is in the early stages of developing a Ring-like doorbell camera as the company prepares to make a broader push into the smart home market, Bloomberg reported. The device is expected to use a feature akin to Face ID on iPhones that will allow people to unlock their front doors with their ... Read more ›
0
Nvidia, a chip giant, says it can develop a cloud services and software business to rival Amazon Web Services. OpenAI, an artificial intelligence developer, has been developing server chips and a browser to reduce its dependence on Nvidia and Google, respectively. And Elon Musk hired a data center team to build one of the biggest supercomputing server clusters for developing conversational AI. It seems like every major competitor in the... Read more ›
6
OpenAI’s next-generation reasoning model—called o3 for a funny reason—seriously impressed researchers and developers last week.Specifically, o3 and o3-mini (a smaller version of the model) scored impressively on a number of extremely difficult math and coding benchmarks, beating out competitors like Anthropic and Google by a lot. It also reached human levels of performance on ARC-AGI, a benchmark meant to test how AI models handle tasks that humans excel at such... Read more ›
23
OpenAI’s efforts to license news publishers’ content for training its large language models are beginning to pay business dividends. Publishers are increasingly opting to use OpenAI’s artificial intelligence tools for their operations rather than Google’s, publishing executives say. OpenAI has signed more than a dozen content licensing agreements with news and magazine publishers in the past year. Under those deals, publishers get credits to use its technology, said people from... Read more ›
12
Most popular sources
Business Insider
|
22% 4 |
Slashdot
|
14% 11 |
Gizmodo
|
11% 1 |
Android Authority
|
8% 3 |
Tom's Hardware
|
6% 0 |
| View sources » | |
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12.11.2025 11:31
Last update: 11:26 EDT.
News rating updated: 18:22.
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