Microsoft’s board of directors reduced CEO Satya Nadella’s pay package by $5.2 million after the CEO requested the move as a way of taking responsibility for recent cybersecurity breaches, the company said in a proxy filing on Friday. The cut came out of Nadella’s cash incentive for hitting ... Read more ›
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Autonomous vehicle company Waymo, a subsidiary of Google parent Alphabet, announced on Friday that it had raised $5.6 billion in a funding round led by its parent company. Other investors including Andreessen Horowitz, Fidelity and Silver Lake also participated in the fundraising, according to ... Read more ›
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Aravind Srinivas didn’t set out to earn a reputation as one of the media’s biggest tech villains. It just kind of happened. Over the summer, Forbes and Wired angrily accused Srivinas’ AI search startup, Perplexity, of plagiarizing their paywalled content. In one case, Perplexity had lifted portions of a Forbes story and used it in a new product that summarizes news stories. In the other instance, a Wired reporter found... Read more ›
20
Meta Platforms has reached a deal with Reuters to use its news content for Meta’s AI chatbot, a Meta spokesperson confirmed Friday. The deal, first reported by Axios, means that people in the U.S. who ask Meta’s AI chatbot questions about news and current events will receive responses that ... Read more ›
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At 6:30 a.m. on a crisp Napa morning, over 30 of America’s most powerful women broke into teams to extract a target balancing precariously inside a minefield. The target was an 80-pound punching bag; the mines were a mix of cones, mats, mace bars and superbands strewn throughout a field to create an obstacle course. The women—a mix of CEOs, founders, vice presidents, managing directors and other roles typical of... Read more ›
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A curious disconnect has fractured the world of tech investing. The market for initial public offerings has stayed stagnant for the third straight year, with bankers projecting a below-average number again next year. The stock market, meanwhile, is at all-time highs, led by big tech stocks like Nvidia, Meta Platforms and Apple. “You would think there would be more IPOs,” said Denny Fish, a San Francisco–based tech investor at asset... Read more ›
55
Tesla CEO Elon Musk has secretly been in contact with Russian President Vladimir Pusk since 2022, reported The Wall Street Journal, which cited current and former U.S., Russian and European officials. The talks ranged from the personal to the political. In one instance, Putin asked Musk to ... Read more ›
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One of the developments I didn’t predict at the start of the year was the rise in support for Donald Trump among members of the tech elite—like Elon Musk. Musk aside, there’s no question that Silicon Valley elites are more politically divided than they have been for at least the last 20 years I have reported on them. The Valley’s most famous investing duo—Andreessen Horowitz—are throwing their weight behind opposing... Read more ›
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President Joe Biden on Thursday published the first national security memorandum on how government agencies should adopt artificial intelligence, as well as how they should police the private companies developing the technology. The memo encouraged agencies such as the Department of State, ... Read more ›
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New venture capitalists are climbing a wall of skepticism when they raise new funds, particularly as they compete with established firms like General Catalyst, which just raised $8 billion. Even veterans of some of the most successful startups are finding it tough.That was the case for Chris Koh, co-founder of Korean e-commerce giant Coupang. He set out to raise a debut venture fund for his firm, HRZ Han River, in... Read more ›
1
A Phoenix area chip plant run by the world’s top manufacturer, Taiwan Semiconductor Manufacturing Co., is producing usable chips at a better rate than comparable facilities in the company’s home country of Taiwan, an executive said Thursday in a webinar, according to a Bloomberg ... Read more ›
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On Thursday, The Information released its annual list of the 50 Most Promising Startups, which included six companies focused on providing services for creators and consumers. We chose companies that we think have the potential to be the most valuable businesses in their sectors based on our reporting, including their revenue and growth prospects. The 50 companies we selected have raised less than $100 million each or started operations in... Read more ›
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Arjun Sethi, a co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside its existing CEO, Dave Ripley, according to two people familiar with the matter. Kraken, founded in 2011, is one of the biggest and oldest U.S. crypto exchanges, and its executives have talked about going public for years. But it has been dwarfed in terms of market share by... Read more ›
0
General Catalyst, a 25-year-old venture firm, has raised approximately $8 billion across several funds, the firm announced today, its biggest funding haul to date, indicating investor exuberance for experienced firms. General Catalyst last raised a fund in 2022, which was a $4.6 billion haul. ... Read more ›
0
Videos of celebrity chef Gordon Ramsay making a chaotic mess in a kitchen went viral in the U.S. on TikTok, Instagram and X over the past month. The short clips were generated by a Chinese artificial intelligence video-generation app called Hailuo. Hailuo, developed by Shanghai-based startup MiniMax, is one of several Chinese AI video-generator apps that have shown up in the U.S. lately, taking on American startups like Runway and... Read more ›
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Last year’s entries in The Information’s 50 Most Promising Startups have been masterful fundraisers, even as global venture funding has slipped in 2024 compared with last year. At least 21 of the companies our reporters selected a year ago have raised additional funding since then. At least 10 have either raised more than $100 million or been valued at more than $1 billion, growing too large to consider for our... Read more ›
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Over the past week, artificial intelligence developers have posted rave reviews on X and Reddit about the quality of Nemotron, a series of large language models Nvidia built using Meta Platforms’ open-source Llama model.The buzz about Nemotron rekindled questions about whether the race between open- and closed-source models is tightening. The short answer seems to be no—but not necessarily because there’s a big difference in quality between closed and open... Read more ›
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Keurig Dr Pepper is buying a 60% stake in energy drink and supplement brand Ghost, the companies announced Thursday, as large food and beverage companies look to strike more deals with emerging brands. Keurig will initially pay around $990 million for a 60% stake in Ghost, which was founded in ... Read more ›
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IBM’s revenue grew just 1% to $15 billion in the three months ending in September compared to the year prior, the company said on Thursday. The sluggish growth was primarily due to a slowdown in its consulting business, which makes up more than a third of IBM’s revenue. CFO Jim Kavanaugh ... Read more ›
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Artificial intelligence has accomplished many things, but few are as dramatic as the way it has supercharged investing in startups. Just look at the recent headlines: OpenAI raised $6 billion at a valuation of $157 billion. Anthropic is looking to raise funding at a valuation of $40 billion. That posed challenges for our reporters seeking promising but little-known startups for this year’s edition of The Information 50—the fifth installment of... Read more ›
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Most popular sources
Business Insider
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38% 8 |
Gizmodo
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10% 4 |
Mashable
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9% 8 |
Tom's Hardware
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7% 1 |
Wired
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6% 1 |
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24.11.2024 09:08
Last update: 09:00 EDT.
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