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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Cryptocurrencies and related equities broadly rallied on Wednesday, after Donald Trump won the U.S. presidential election and Republicans took control of the Senate. Bitcoin hit all time high, jumping more than 8% to $75,450. Coinbase shares rose 33%, bringing the crypto exchange’s market ... Read more ›
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The first thing I saw on my phone this morning when I awoke at 5:45 a.m. was a push alert from The New York Times announcing that Donald Trump’s victory in the presidential race put the U.S. “on the edge of a more authoritarian style of governance never before seen in its history.” The language made my stomach sink. Not because the Times is wrong. One could argue that the... Read more ›
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Lyft has partnered with a self-driving car firm, May Mobility, to make self driving cars available for Lyft rides in Atlanta, starting next year, Lyft said. The announcement follows Uber’s partnership with Waymo, under which Waymo rides will be available through Uber in Austin and Atlanta ... Read more ›
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Donald Trump’s victory in Tuesday’s presidential election has a lot of implications for AI. Some are clear: Trump has said he will repeal President Joe Biden’s AI executive order, which requires companies training large AI models to share information about them with the federal government. In another key area, though, Trump’s stance isn’t certain. That’s the hotly contested question of whether freely available, open-source AI such as Meta Platforms’ Llama... Read more ›
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Investment bankers from top Wall Street firms including JPMorgan, Goldman Sachs and Morgan Stanley have been meeting with crypto executives, according to industry participants, hoping to get a foot in the door for lucrative initial public offerings that crypto companies might pursue after the election. The new enthusiasm reflects optimism that improving market and regulatory conditions after a Donald Trump victory in the U.S. presidential election could clear a way... Read more ›
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SuperMicro, which makes computer servers, had net sales for the quarter between $5.9 billion and $6.0 billion, up 178% from the same quarter last year, but below its previous guidance of $6.0 billion to $7.0 billion, according to preliminary earnings released on Tuesday. The company’s stock fell ... Read more ›
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You’re likely distracted right now by election results, which have surely started rolling in as you’re reading. Rather than add to all the premature speculation on the topic, we think creating an election-free zone would be more useful. Below we recommend some things you can do tonight other than watch the news channels.Before we get to that, consider this fascinating factoid: A 12% rally today lifted Reddit’s market capitalization to... Read more ›
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Conviction Partners’ Sarah Guo, a former general partner at Greylock Partners who left the firm two years ago to back very young AI startups, is raising around $200 million for her second fund, according to a person with direct knowledge on the fundraising efforts. Guo has also told prospective ... Read more ›
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Google accidentally publicized an internal preview of artificial intelligence that takes over a person’s computer to complete tasks, confirming an earlier report in The Information about the product, codenamed Jarvis. The prototype of the AI, known as a computer-using agent, was briefly ... Read more ›
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Silicon Valley venture capitalists are at odds over who they want to win this presidential race, but there is growing consensus on the need for the next president to replace Lina Khan as head of the Federal Trade Commission. Such a change, venture capitalists hope, could lead to more acquisitions and reinvigorate venture capital investments.“What is hurting the industry the most right now is lack of exits and lack of... Read more ›
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Institutional Venture Partners is in talks to lead a $500 million investment in Perplexity, which has developed an artificial intelligence-powered search engine that competes with Google, according to two people with knowledge of the deal. The company is set to raise the round at a $9 billion valuation, triple the valuation from a round earlier this year. The new round, which is close to being complete, would be Perplexity’s fourth... Read more ›
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We are wrapping up the first creator-centric U.S. presidential election, where both candidates tapped social media influencers and appeared on podcasts to reach younger voters. Those efforts have extended to the final 24-hour stretch of the campaign. On Monday, Kamala Harris’ campaign launched a public broadcast channel on Instagram called “CFK: The Final Push,” referring to the acronym for the campaign’s “Creators for Kamala” effort. It’s since sent a steady... Read more ›
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Donald Trump used to be TikTok’s biggest threat. But now, four years after he tried to ban the app, he may be TikTok’s last hope for survival. As Americans vote in Tuesday’s election, TikTok’s top executives believe the company would be better off with a Trump presidency than a Harris administration. Trump has come out in opposition to banning TikTok, which under a new law is required if the app... Read more ›
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Meta Platforms is becoming more discriminating in its spending for games and other apps for its Quest mixed reality headsets. Over the past year, as Meta has confronted weakening sales in the mixed reality market, its staffers have been rethinking the millions of dollars it spends on app development. In recent months, the company has closed one internal virtual reality studio and cut funding for some outside app developers, as... Read more ›
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Meta Platforms will allow U.S. government agencies and contractors working on defense and national security to use its artificial intelligence models for military purposes, it said in a blog post Tuesday. A spokesperson said the company will also make its models available for government agencies ... Read more ›
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OpenAI has hired Caitlin Kalinowski, who previously led hardware for augmented reality glasses at Meta Platforms, to lead robotics and consumer hardware, she said in a post on X Monday. A spokesperson for OpenAI confirmed her hire. Kalinowski said she will “initially focus on OpenAI’s robotics ... Read more ›
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Casper, the once-trendy mattress seller, has been acquired by foam manufacturer Carpenter Co., marking the brand’s latest change in ownership after a rocky initial public offering four years ago. Terms of the transaction, which Carpenter announced last week, weren’t disclosed. Casper began as a ... Read more ›
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These days, venture capitalists, major artificial intelligence developers and cloud providers have zeroed in on AI-powered coding assistants as the killer product for large language models. But coding assistants aren’t perfect. It turns out that as they become ubiquitous, coding assistants are creating plenty of problems at companies that use them—mainly because junior programmers are relying too much on them.There’s no question coding assistants are playing a bigger role in... Read more ›
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Redditors may have their new favorite meme stock—Reddit. The social media platform’s report of a 68% jump in third-quarter revenue sent the stock soaring 40% to around $115 last week, more than triple the price at which it went public in March. Reddit is now trading at a huge premium to other social media stocks—11.2 times next year’s estimated sales, compared to 7.7 times for Meta Platforms and 3.6 times... Read more ›
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Private equity firm Thoma Bravo and alternative asset manager H.I.G. Capital said Monday they plan to acquire the Computing Technology Industry Association, which trains and certifies professionals to work in information technology and advocates for tech workers. H.I.G. and Thoma Bravo plan to ... Read more ›
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Most popular sources
Business Insider
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21% 1 |
Tom's Hardware
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12% 7 |
The Verge
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11% 4 |
Wired
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10% 7 |
Android Authority
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6% 0 |
| View sources » | |
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13.11.2025 13:51
Last update: 13:45 EDT.
News rating updated: 20:41.
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