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 ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside tech’s embrace of devout Christianity• Media and Entertainment: Silicon Valley’s favorite videogames of 2024• The Top 5: The best disaster kit supplies • Plus: A play that morphs; America’s only universal creed; and a saga’s brilliant end.Santa won’t show up for weeks yet, but thanks to Sam Altman, some of us already have a fancy new toy to enjoy: Sora, OpenAI’s... Read more ›
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Despite China’s massive presence in the tech world, the country’s videogame industry never had a big-budget, AAA game release until this August, when Shenzhen-based Game Science released Black Myth: Wukong, an action role-playing game inspired by the classic Ming dynasty novel “Journey to the West” about a demigodlike monkey warrior. The game debuted to critical acclaim, with players lauding its stunning graphics and often punishing gameplay. “I’m a big fan... Read more ›
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A twofold panic washed over Northern California last week. The first was very immediate when everyone’s phones got the same alert: an unexpected tsunami warning sparked by a rare 7.0 magnitude earthquake 40 miles off Cape Mendocino. In the end, it was a false alarm, and the warning was canceled. Yet that’s when the second panic hit, with many techies realizing how little prepared they were for any sort of... Read more ›
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Meta Platforms has asked California Attorney General Rob Bonta to block OpenAI’s planned conversion from a nonprofit organization to a for-profit company, The Wall Street Journal reported Friday. In a letter sent to Bonta’s office Thursday, Meta said that allowing OpenAI to become a for-profit ... Read more ›
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The U.S. Court of Appeals for the D.C. Circuit denied TikTok’s request on Friday for a temporary halt to the law that would ban the social media app in the U.S. The court said that TikTok did not show a legal precedent for receiving an injunction in its position, and TikTok could request an ... Read more ›
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Liquid AI, which is developing a new approach to building generative artificial intelligence models, announced Friday that it had raised $250 million in Series A funding, led by chipmaker AMD. The round values the startup at $2.3 billion, Bloomberg reported. That’s smaller than the $300 million, ... Read more ›
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Suchir Balaji, who spent nearly four years at OpenAI before leaving and accusing the company of copyright violations, was found dead at his apartment in San Francisco late last month, the San Francisco Police Department told the Mercury News. He was 26. Balaji, who said he had helped OpenAI ... Read more ›
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This week on More or Less: Sora reveal, Google's AI agents and digital trade under Trump. Apple Spotify YouTube Read more ›
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Broadcom CEO Hock Tan wants some of Jensen Huang’s limelight. Stock of the chip and software firm rocketed 24% on Friday, the day after Tan claimed that the company had a “massive” opportunity in artificial intelligence chips over the next three years. Speaking on an earnings call on Thursday night, he said Broadcom had three customers whose AI chip road map implied a potential market of between $60 billion and... Read more ›
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The U.S. effort to stop China from accessing the best American-made artificial intelligence chips is expanding geographically. American officials are preparing to restrict the number of advanced AI chips made by firms such as Nvidia from being sold in regions such as the Middle East and ... Read more ›
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OpenAI on Friday hit back at Elon Musk, who co-founded the artificial intelligence developer but is now its biggest antagonist. Two weeks after Musk asked a court to stop OpenAI from converting itself to a for-profit enterprise from a nonprofit, OpenAI has responded with claims that Musk not ... Read more ›
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Worship at Epic Church in downtown San Francisco last Sunday began in a darkened room, on the second floor of a former factory building. The shades were drawn across the tall windows, while colored lights cast a theatrical glow on a band that sounded a bit like Arcade Fire—if Arcade Fire made worship music. A mostly millennial congregation swayed to the harmony, a sea of Apple Watch–clad arms raised to... Read more ›
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A judge in California ruled that a former engineering manager for TikTok’s parent ByteDance, who alleged in 2022 the company had operated as a “useful propaganda tool” for the Chinese Communist Party, had “engaged in serious, bad faith conduct that has abused the judicial process.” The judge, ... Read more ›
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Direct-to-consumer retailers burned by higher digital ad prices over the past three years have grown desperate to reduce their dependency on Meta Platforms. So this fall, when mobile game giant AppLovin started letting retail brands buy ads that run within games like Legend of Slime and Sushi Roll 3D, the results seemed almost too good to be true. Marketing firm Haus, which works with brands including Athletic Greens, Jones Road... Read more ›
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Runway, which develops artificial intelligence to enable customers to generate and edit video, expects to reach $84 million in annualized revenue this month, up from $28 million in June, according to a person who has seen the startup’s financial information. It expects annualized revenue to ... Read more ›
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The U.S. Department of Justice late Wednesday asked a federal appeals court to reject TikTok’s request for an injunction to halt a law that would ban the U.S. version of the app if it doesn’t find a buyer. The Justice Department argued that the Supreme Court should review the request, not the ... Read more ›
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Timing is everything. ServiceTitan, a smallish tech firm that specializes in selling software for plumbers, roofers and other tradespeople, demonstrated that on Thursday when its shares debuted on the public markets at $101 apiece, a 42% premium to its IPO price of $71. That translates to a market capitalization of about $9 billion, which is not too far from the $9.5 billion valuation at which it raised funds during the... Read more ›
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The list of venture capitalists and Silicon Valley insiders joining the next presidential administration is growing. Just this week, President-elect Donald Trump named Jacob Helberg, an adviser to Palantir Technologies and husband to Keith Rabois, a Khosla Ventures managing director, as a top economic policy and trade official. Helberg follows Craft Ventures co-founder David Sacks and, of course, Elon Musk to roles in the new administration. My bet is that... Read more ›
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Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration fund, the Wall Street Journal reported Thursday. Jeff Bezos, the founder and chairman of the company, is also expected to meet Trump next week. Bezos’ donation and meeting are the latest moves in a string of ... Read more ›
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Google Search challenger Perplexity AI recently projected it will more than double its annualized revenue in 2025 to $127 million, implying it would be generating $10.5 million per month, according to three people who have seen the projections. Perplexity also projected it would quintuple annualized revenue to $656 million by the end of the following year as it tries to lure millions of people to pay for its search service,... Read more ›
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12.11.2025 15:28
Last update: 15:20 EDT.
News rating updated: 22:21.
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