Norwayâs sovereign wealth fund plans to vote against Teslaâs proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was âconcerned about the total size of the award, dilution, and lack of mitigation of key person risk.â The ... Read more âș
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A decade or so ago, Gigi Sohnâthen the head of Public Knowledge, an internet rights nonprofitâwas working closely with Gail Slater, at the time a legal adviser at the Federal Trade Commission, on the issue of net neutrality legislation. Because the commissioner Slater worked for was a Democrat, Sohn assumed Slater was too, and Slater didnât give her any reason to believe otherwiseâuntil she âfessed up one day. âShe said,... Read more âș
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Itâs often said that âtis better to give than to receive, but more often than not, corporate swag leaves both giver and recipient cold. How many times have we left a conference with the same old leaky commuter mug? Or received some drab pen along with a forgettable pad of sticky notes? Swag need not be a source of dismay, howeverâitâs all just a matter of keeping up with the... Read more âș
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Elon Muskâs micro-blogging site X will allow all of its users to use Grok, the AI chatbot developed by Muskâs xAI. Free users now get 10 questions every 2 hours, but users can pay for a Premium subscription for more questions. With the change, xAI follows rival AI companies OpenAI and Anthropic, ... Read more âș
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TikTokâs chances of avoiding a ban are fast diminishing. The DC Appeals Courtâs decision today, affirming the law passed earlier this year forcing TikTok to cut its ties with its Chinese parent ByteDance or be banned, was a compelling ruling. Itâs hard to imagine that TikTok management would come away from it with any grounds for optimism.To be sure, the rulingâs direction was expected: The judgesâ questions during the September... Read more âș
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TikTok CEO Shou Zi Chew told the video appâs staff that it will seek an injunction to a looming federal law that will force the app to shut down in the U.S. unless it finds a buyer for the operations. âWhile todayâs news is disappointing, rest assured we will continue the fight to protect free ... Read more âș
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Tech executives love to bemoan growing regulation. But, on the pod this week, Aaron Levie, the CEO of enterprise company Box, had a much more nuanced and interesting view. I hope you enjoy, along with a fiery Levie versus Sam Lessin debate over the promise of AI. I'll let you guess where they each netted out! Enjoy! Apple Spotify YouTube Read more âș
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Meta Platforms on Friday released a new version of Llama 3, its flagship open-source large language model. The model, called Llama 3.3, performs as well as one of Metaâs older, larger models but is easier and more efficient to run, Meta CEO Mark Zuckerberg said in a post on Instagram. In the ... Read more âș
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In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the abyss. The price of TerraUSDâone of the largest of the stablecoins, cryptocurrencies pegged to the U.S. dollarâcollapsed, casting a pall on everyone working with stablecoins. Then, a few months later, Sam Bankman-Friedâs FTX imploded. For Bridge, which hadnât even yet publicly launched any product, it was a grim beginning. âYou had this very bad moment... Read more âș
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TikTokâs hopes of continuing to operate in the U.S. now rest on intervention of the Supreme Court. The Chinese owned app on Friday lost the first round in its legal efforts to block a law requiring it to sever its ties with its parent, ByteDance, or be banned next month. TikTok is expected to ask the Supreme Court to freeze implementation of the law while it pursues further appeals. Ahead... Read more âș
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Stock and crypto trading app eToro has hired Goldman Sachs as it plans for a U.S. initial public offering, Bloomberg reported. The company could go public as soon as the second quarter next year, and more banks may be added as advisers, the outlet said. Last year, eToro raised $250 million in a ... Read more âș
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A Washington appeals court on Friday unanimously upheld a U.S. law forcing a ban of TikTok if it doesnât sever ties with its Chinese parent company ByteDance early next year. TikTok is expected to appeal the case to the Supreme Court and ask for an injunction to prevent the law from going into ... Read more âș
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In Netflixâs yearslong quest to build an ad business, Dec. 25 poses a big test: It will be the first time the streaming giant shows ads in a livestreamâin this case, two NFL games. And in the wake of last monthâs Mike TysonâJake Paul boxing match, which was plagued with technical glitches, ad buyers at multiple top agencies said they will be monitoring the broadcast closely to ensure the stream... Read more âș
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Donald Trump announced that David Sacks, the venture capitalist and podcaster, will join the White House as its artificial intelligence and crypto âczar.â In a message posted on Truth Social, the president-elect said Sacks will guide policy in both areas to help make âAmerica the clear global ... Read more âș
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This is going to become tedious. Shares of Uber and Lyft dropped 10% today on word that Alphabetâs Waymo, our favorite self-driving taxi service, is opening for business in Miami. Just a few weeks ago, the ride-hailing firmsâ stocks rose about 10% as investors decided Teslaâs self-drivingâcar event the day before had been a dudâimplying that it posed less of a threat to Uber and Lyft.Seriously, folks? Every time thereâs... Read more âș
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Project Liberty, a nonprofit that researches and advocates on internet issues, says it has received expressions of interest totalling over $20 billion to buy TikTok. The investors have not been disclosed, but Tim Berners-Lee, who invented the World Wide Web, and MIT computer scientist ... Read more âș
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Silicon Valleyâs holiday party season is in full swing. But instead of having endless conversations about artificial intelligence, Iâve been bombarded by venture capitalists with renewed excitement for cryptocurrency startups. To sum up the mood: One startup founder made a toast when Bitcoin crossed $100,000 on Wednesday. Investor Tomasz Tunguz, who founded Theory Ventures in 2022 after a career at Redpoint Ventures backing enterprise startups like Looker (sold to Google).... Read more âș
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Pietra, a startup that helps creators and celebrities like Chrissy Teigen launch and manage their own brands, is diving deeper into the crucial behind-the-scenes work it takes to get a hot new product up and running. The company is acquiring Factored Quality, a startup that works with popular brands like Brooklinen to set them up with staffers for quality control, compliance and factory auditing. Those kinds of workers keep an... Read more âș
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Circle Internet Financial, the issuer of the second-largest stablecoin USDC, made job cuts that affected less than 6% of its staff, according to the company. âCircle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure that need to grow, ... Read more âș
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Sparkling water maker Spindrift is nearing a deal to be acquired by private equity firm Gryphon Investors, The Wall Street Journal reported Wednesday. If a deal is reached, it would be the latest in a string of acquisitions of young beverage brands by big consumer conglomerates and private ... Read more âș
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At a technology conference, Intelâs interim co-CEO David Zinsner said the company is searching for a new CEO with experience in both chip manufacturing and product design, and that it plans to continue with former CEO Pat Gelsingerâs strategy to compete on both fronts, Reuters reported. Zinsnerâ ... Read more âș
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12.11.2025 19:41
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