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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The other evening, a stranger told Lucid Motors CEO Peter Rawlinson that if he ever came across an electric vehicle that would go 500 miles on a charge, he’d buy it. “And I said, ‘That’s Lucid Air!’” Rawlinson recalls, referring to his company’s sleek sedan. “He said, ‘What? How long has that been in production?’ I said, ‘Two and a half years.’” He paused. “The world doesn’t know that two... Read more ›
11
Last month, when OpenAI announced a record-breaking $6.6 billion venture round, an unfamiliar new name appeared among the investors pouring money into the hot artificial intelligence startup: MGX. It was the first public investment ever for the Abu Dhabi–based MGX, and it was a splashy debut for a firm most Silicon Valley investors had never heard of. They could be excused for that: Two other firms from the United Arab... Read more ›
0
Andreessen Horowitz has hired former Facebook policy director Matt Perault to head the venture firm’s AI policy in its Washington D.C. office. Perault said he will lead the firm’s efforts to advocate for bipartisan AI policy, including areas such as open-source models and AI startups. ... Read more ›
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We got some good news from the poor old entertainment companies this earnings season. Video streaming is finally becoming a money-making business! Disney, for instance, reported today that its Disney+, Hulu and ESPN+ streaming operations made a profit of $321 million in the September quarter, quite the turnaround from losing a slightly bigger amount than that a year earlier. And it’s not just Disney: Paramount Global and Warner Bros. Discovery... Read more ›
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Shares of electric vehicle companies including Tesla fell Thursday after a report that the incoming Trump administration hopes to end $7,500 consumer tax credits on the purchase of EVs. Tesla shares fell almost 6% after the Reuters report, quoting sources with direct knowledge of the plans. ... Read more ›
0
Pony.ai, which makes autonomous driving technology, said it plans to sell 15 million shares when it lists on the Nasdaq, targeting a price range of $11 to $13 per share. At the high end, that price would value the company at $4.5 billion, a sharp decline from 2022, when Pony raised a Series D ... Read more ›
0
Another day, another multibillion-dollar valuation for a generative AI startup! Today it’s Synthesia, a video-generation startup that’s near a $2 billion price tag in a round led by New Enterprise Associates, we scooped Thursday. Given the firehose of AI deals, it’s easy to forget that plenty of startups aren’t as lucky – and could be getting perilously close to running out of cash. Digital health company Forward’s decision to shut... Read more ›
0
Clara Shih, a Salesforce veteran executive who earlier this year was tapped to lead its artificial intelligence efforts, has left the company to pursue another opportunity, according to a report from Patrick Walravens, an analyst at JMP Securities. It’s not clear what Shih plans to do next, and ... Read more ›
0
Any creator who relies on Google search to drive readers to their websites is used to changes in the search engine’s powerful algorithm. But some recent updates have been so disruptive that Google made a rare overture to these small publishers: In late October, it invited several to its Mountain View, Calif., headquarters to hear their complaints. Google paid for flights and hotels of several website creators for a meeting... Read more ›
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Amazon representatives met with Capitol Hill staffers earlier this year to answer questions about an advertising partnership the e-commerce giant struck with TikTok, Bloomberg reported Thursday. Under the partnership, TikTok allows users to purchase items from Amazon ads without leaving the ... Read more ›
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Synthesia, which helps companies create AI videos, is raising $150 million in funding at a valuation of $2.1 billion after the investment, double its valuation from 17 months ago, according to a person involved in the deal. Founded in 2017, Synthesia is also generating more than $70 ... Read more ›
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The Consumer Financial Protection Bureau has taken steps to place Google’s financial services businesses, such as Google Wallet, under formal federal supervision, The Washington Post reported on Thursday. Google Wallet stores credit card details and allows users to pay digitally. The supervision ... Read more ›
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Valuations of generative artificial intelligence startups appear to be coming down—slightly. The latest example is Synthesia, which helps companies create AI videos. It’s raising $150 million in funding at a valuation of $2.1 billion after the investment, double its valuation from 17 months ago, according to a person involved in the deal. While the valuation may seem high, it’s actually far lower than valuations many startups were getting earlier this... Read more ›
4
The Federal Trade Commission is preparing to investigate whether Microsoft’s cloud computing business engaged in anti-competitive practices, The Financial Times reported on Thursday. The investigation follows a broader inquiry launched by the FTC into cloud computing practices at Microsoft, ... Read more ›
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Artificial intelligence startup Glean, whose search product helps corporate employees find internal data, is inspiring other companies to launch rival products. Google is working on an upgraded business search product that will be similar to Glean’s, while OpenAI is working on technology ... Read more ›
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The Onion, the venerable satirical media company purchased by Twilio founder Jeff Lawson last spring, is buying Infowars, the website formerly owned by conspiracy theorist Alex Jones. The Onion plans to relaunch Infowars in January as a parody site that lampoons figures like Jones. Infowars ... Read more ›
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The European Commission has fined Meta Platforms 797.72 million (around $843 million) for breaching antitrust rules in tying its classified advertising service Facebook Marketplace to the Facebook app. The commission said Meta had imposed unfair trading conditions on competing ad providers to “ ... Read more ›
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Amazon is adding new telehealth and pharmacy services with upfront pricing for several health conditions, including anti-aging skin care treatment, erectile dysfunction and hair growth, the company said Thursday. The move puts Amazon more directly in competition with Hims & Hers, and the ... Read more ›
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Now that we know OpenAI isn’t the only artificial intelligence developer seeing a slowdown in improvements using traditional “scaling” methods, it’s worth looking at all the ways companies are trying to make up for that.There are tried and true methods to make large language models perform better, such as tweaking the parameters—settings that determine how the models “learn” from data and answer questions. And there are loads of other changes... Read more ›
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Rep. John Moolenaar, the chair of the House’s Select Committee on the Chinese Communist Party, introduced legislation Thursday that would revoke China’s permanent normal trade relations, or PNTR, status and end the use of a trade provision known as de minimis that allows many shipments from ... Read more ›
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Most popular sources
Business Insider
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20% 6 |
Eurogamer.net
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16% 12 |
The Verge
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8% 5 |
Tom's Hardware
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6% 1 |
Wired
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5% 2 |
| View sources » | |
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13.11.2025 06:05
Last update: 06:01 EDT.
News rating updated: 13:01.
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