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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Silicon Valley investors often pride themselves on writing one of the first few checks in a startup, then doubling down if a winner takes off. But Databricks, an 11-year-old seller of databases and analytics software that’s raising billions of dollars, has prompted some elite investment firms to place a few very late bets as well. Kleiner Perkins, Founders Fund and Lightspeed Venture Partners, all well known for making early investments... Read more ›
0
Where have all the bears gone? (They can’t all be at Lake Tahoe!) The Nasdaq Composite Index passed 20,000 on Wednesday, up 1.8% on the day but 36% from where it started the year. As a benchmark, its November 2021 high—before the 2022 selloff—was 16,057. Among the individual standout stocks today was Tesla, which rose 6% to a new all-time high of $424.77. That’s up 69% since the election.Of course,... Read more ›
0
Creator startups are still trying to figure out how to grow their businesses—and that process sometimes results in layoffs as they revamp their strategies. One of the latest is Spotter, a five-year old startup that’s best known for offering upfront financing to YouTubers. It cut staff in early November across different parts of the Los Angeles-based company, Spotter confirmed. Read more ›
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Stablecoin issuer Circle and crypto exchange Binance announced a partnership on Wednesday to expand adoption of Circle’s USDC stablecoin, by making it more “extensively available” across Binance’s trading products and other services. The announcement is notable given the previously frosty ... Read more ›
0
Stitch Fix shares surged more than 47% on Wednesday, after the online styling service reported net revenue for the quarter ended in November of $318.8 million, a 12.6% drop from the year ago period but a smaller decline than the company had projected. The company’s revenue has been shrinking ... Read more ›
0
In the fall, a Miami-based firm called Sand Hill Road Technologies Fund offered its customers a hot opportunity: a chance to invest in SpaceX, which was arranging a deal for employees to sell some of their shares. But Sand Hill’s prospective investors, wealthy individuals whom the fund reached through online ads on Google and Meta Platforms apps as well as email and text, wouldn’t get the shares directly. And it... Read more ›
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Stablecoins are suddenly all the rage, as crypto investors and founders tout how the tokens can transform sending money internationally. At least three startups that focus on international payments are seeking fresh funding, according to people familiar with the companies, emboldened in part by Stripe’s recent deal to acquire stablecoin startup Bridge for more than $1 billion. All three have figured out a way to allow users around the world... Read more ›
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Before we get to our main item of the day, a note to readers to tune in here tomorrow for reactions to Google’s Gemini 2.0 large language model, which was announced this morning.Now onto our main item…Artificial intelligence developers are realizing they need help standing out in an increasingly crowded market.OpenAI last week hired Kate Rouch to be its first chief marketing officer. You could argue Rouch was something of... Read more ›
0
Google announced the second generation of its Gemini conversational AI on Wednesday, making a new, experimental version of Flash, its smaller and cheaper AI, available to developers. A generally available version of the model, which will be able to process and output text, images and audio, will ... Read more ›
0
TikTok’s e-commerce platform, TikTok Shop, became available in Spain and Ireland as the video app tries to expand its business in Europe. The move in Europe comes at a time when TikTok is facing a crisis in the U.S. Last week, a court ruling upheld a U.S. law that will force a ban of the app on ... Read more ›
0
Apple is developing its first server chip specially designed for artificial intelligence, according to three people with direct knowledge of the project, as the iPhone maker prepares to deal with the intense computing demands of its new AI features. Apple is working with Broadcom on the chip’s networking technology, which is crucial for AI processing, according to one of the people. If Apple succeeds with the AI chip—internally code-named Baltra... Read more ›
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And then there were three. General Motors’ decision to abandon its Cruise self-driving–car unit’s efforts in the robotaxi market on Tuesday is good news for Alphabet’s Waymo, already the market leader, and helpful for Tesla, which has ambitions in the market. (Let’s not forget Amazon, which is testing its Zoox robotaxis in San Francisco as well.) GM’s decision is a reminder of the brutally high costs of developing this technology,... Read more ›
0
California State Teachers Retirement System said its investment in Tiger Global Management’s landmark venture fund raised in 2021 had lost money on paper for the plan as of June 2024. Other funds raised during the peak of the low-interest rate period, including from NEA and TCV, also lost money ... Read more ›
0
President-elect Donald Trump on Tuesday said he would appoint Andrew Ferguson as chair of the Federal Trade Commission, which has been overseeing antitrust probes or cases involving Meta Platforms, Amazon and Microsoft. Ferguson, one of two Republicans currently serving on the five-person FTC ... Read more ›
0
Google recently asked the U.S. government to break up Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers, according to a person who has been directly involved in the effort. The conversation took place after the Federal Trade Commission, one of the primary federal antitrust enforcement agencies, asked Google about Microsoft’s business practices as part of a broader investigation, this person said. Firms that compete with Microsoft in... Read more ›
0
The big venture-backed initial public offering this week is a bit like meat and potatoes—it’s filling but not all that exciting. ServiceTitan, the Bessemer and Battery Ventures-backed software seller to electricians and plumbers, is expected to price its IPO Wednesday and begin trading on Nasdaq on Thursday with a market capitalization somewhere about $6 billion. Another near-future listing will be more like a fatty smashburger hyped by TikTok foodies. CoreWeave,... Read more ›
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General Motors said it would halt development of Cruise robotaxis amid increased competition and following some well-publicized missteps. GM said it would merge the Cruise technical team into a broader corporate effort to advance autonomous and assisted driving. The company said it would build ... Read more ›
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Earlier this year, billionaire Frank McCourt hosted a dinner in Malibu, Calif. with more than a dozen TikTok creators to tell them about his proposal to buy the short-form video app. The aim of the dinner was to feel out with creators whether the bid was “on the right track,” McCourt said in an interview. Read more ›
0
Ex-Amazon consumer chief Dave Clark’s supply chain software startup, Auger, is open to spending some of the $100 million it raised from Oak HC/FT to make acquisitions in the coming months, Clark said in an interview. Clark didn’t name specific companies, but said there were supply chain startups ... Read more ›
0
Amazon is testing a service in India that will offer deliveries of goods like groceries and household items in 15 minutes, the company said Tuesday. The move puts Amazon in competition with other rapid delivery services from companies like SoftBank-backed Swiggy, which went public last month and ... Read more ›
0
Most popular sources
Business Insider
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21% 3 |
Eurogamer.net
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16% 12 |
Gizmodo
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8% 1 |
Engadget
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6% 3 |
Tom's Hardware
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6% 0 |
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12.11.2025 17:31
Last update: 17:20 EDT.
News rating updated: 00:20.
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