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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A Delaware judge rejected Tesla CEO Elon Musk’s bid to reinstate a multi-billion-dollar pay package, despite a shareholder vote supporting the plan. Chancery Court Judge Kathaleen St. J. McCormick stuck by her January ruling that Tesla’s board was too much under Musk’s influence ... Read more ›
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A Delaware judge has rejected Elon Musk’s request that the court reinstate a gigantic pay package from Tesla, the largest executive compensation award in corporate history. The judge, Chancellor Kathaleen McCormick, denied a challenge from Musk and the Tesla board of directors to her January ... Read more ›
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Fidelity Investments marked up its equity stake in Elon Musk’s X by 32% in October, according to a recent investor filing. The markup follows several markdowns over the past couple of years, since the 2022 buyout of X, formerly known as Twitter. Even accounting for the latest markup, ... Read more ›
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On the latest More or Less: A debate over the "tech bro" and a special guest from Hollywood. Hope you enjoy! Apple Spotify YouTube Read more ›
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Brex’s org chart, as it is today, is practically unrecognizable from a year ago. Six of CEO Pedro Franceschi’s seven direct reports stepped into their roles in the past 12 months. Plus, two co-CEOs ran the corporate card company until June, when co-founder Henrique Dubugras exited. This overhauled slate of top leaders is overseeing efforts to jump-start growth and stem cash burn at Brex. The company laid off one-fifth of... Read more ›
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Some recent fundraisings, including for video generator Synthesia, have suggested valuations for AI startups are coming down to earth. But at 30 times next year’s revenue, you wouldn’t exactly call these deals cheap. You could, however, use that description for the startups that provide computing resources to AI developers.Take Lambda, a 12-year-old startup that rents out Nvidia chips to AI developers via its cloud service and on-premise servers. It has... Read more ›
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Pat Gelsinger stepped down abruptly as CEO of Intel, less than four years after taking the helm of the struggling chip maker, signaling the board has lost patience with his efforts to turn around the company. In a short statement on Monday morning, Intel said Gelsinger had “retired from the ... Read more ›
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New managers acclimating to life at data analytics software firm Databricks are often shocked when CEO Ali Ghodsi calls up one of their team members out of the blue to question them about a product they’re working on. Or drops into a low-level meeting unannounced. Or phones the data scientists working for a customer. For Ghodsi, it’s an opportunity to avoid something he despises: whitewashed reports from executives about problems... Read more ›
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The U.S. is restricting the sale to China of advanced memory chips that are crucial for artificial intelligence development, as part of its annual updates to export controls designed to prevent China from accessing cutting-edge semiconductor technology for military use. This year’s updates cover ... Read more ›
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U.S. shoppers spent 10.2% more on Black Friday compared to the same day a year earlier, according to one tracker of real time online spending. Adobe Analytics said in a report on holiday shopping that U.S. shoppers spent $10.8 billion online the day after Thanksgiving, when many retailers offer ... Read more ›
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Elon Musk asked a court to stop OpenAI from converting to a for profit enterprise and engaging in other behavior that could hurt its rivals, including Musk’s own artificial intelligence startup, xAI. In a filing late Friday, Musk said that the court should halt the for-profit conversion because ... Read more ›
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Welcome, Weekenders! In this newsletter:• Shopping: The Information’s 2024 Holiday Gift Guide * E-commerce: A bet on Big Brother billboards • The Top 5: What to wear to Silicon Valley’s holiday parties • Plus, we feast!: A lover scorned and scorched; a buddy film seasoned with punchlines and pathos; the TikToker who cheeses for the camera; and a Campari-nixed Negroni.Reid Hoffman may leave America. Hoffman, one of the most active... Read more ›
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As every Silicon Valley titan surely knows, assembling a holiday party wardrobe that works across occasions—perhaps time zones, too—requires considerable strategic thinking: Underperformance isn’t an option, and neither is cutting deeply against the cultural grain. Thankfully, stylist Victoria Cárdenas Hitchcock has a bunch of shortcuts for getting it right. To start, “men should look for classic-meets-modern pieces that travel well,” said Cárdenas Hitchcock, who is known for a low-profile, high-luxury... Read more ›
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While U.S. tech executives were tucking into their turkey on Thursday or guzzling Koia shakes, Australian lawmakers were approving a law that bans children under 16 from having a social media account. Whoa! Australia is a relatively small country whose revenue contribution to Meta Platforms, Snap or TikTok is likely minuscule. But investors have to consider the possibility that the land Down Under is the canary in the coal mine... Read more ›
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A group of leading Canadian publishers including the Global and Mail and the Canadian Broadcasting Corp sued OpenAI for copyright infringement, adding to a growing list of companies seeking damages from the tech company for allegedly scraping their work. The Canadian media firms’ suit follows ... Read more ›
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When Huel, a London-based startup that sells protein bars and powdered meals, was plotting an expansion push into America earlier this year, the company’s executives knew they needed to make a splash. Huel’s $200 million in annual revenue came from online sales mostly in Europe—in the U.S., it hoped to win over customers in physical stores, too, going up against established rivals like Soylent, Koia and Owyn. But rather than... Read more ›
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Australia’s Parliament has approved a law banning children under 16 years old from having social media accounts, drawing a strict line under a global debate about how to protect young people online. The ban, approved in Australia’s senate Thursday, requires social media companies to take “ ... Read more ›
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TikTok owner ByteDance, whose artificial intelligence chatbot is a major hit in China, wants to compete worldwide in generative AI. But those plans could be complicated by the geopolitical and regulatory storms surrounding TikTok, as well as the technical challenges it has encountered. Inside ByteDance’s AI research and development department, known as Seed, multiple teams have been working on global versions of the company’s foundation models aimed at markets outside... Read more ›
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Amazon is working on a large language model that can comprehend the content of video and images in addition to text, an upgrade that could help attract more business from customers in the entertainment, media, and oil and gas industries, as we reported late Wednesday. While the new LLM, ... Read more ›
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The U.S. Federal Trade Commission has launched a sweeping antitrust investigation of Microsoft that includes scrutiny of its Azure cloud business, cybersecurity and AI products, as well as its software licensing practices, Bloomberg reported. While U.S. antitrust authorities haven’t paid as much ... Read more ›
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Most popular sources
Business Insider
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24% 1 |
Eurogamer.net
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12% 8 |
The Verge
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8% 4 |
Wired
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6% 5 |
Android Authority
|
6% |
| View sources » | |
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13.11.2025 00:08
Last update: 23:50 EDT.
News rating updated: 07:03.
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