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 Phoenix area chip plant run by the world’s top manufacturer, Taiwan Semiconductor Manufacturing Co., is producing usable chips at a better rate than comparable facilities in the company’s home country of Taiwan, an executive said Thursday in a webinar, according to a Bloomberg ... Read more ›
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On Thursday, The Information released its annual list of the 50 Most Promising Startups, which included six companies focused on providing services for creators and consumers. We chose companies that we think have the potential to be the most valuable businesses in their sectors based on our reporting, including their revenue and growth prospects. The 50 companies we selected have raised less than $100 million each or started operations in... Read more ›
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Arjun Sethi, a co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside its existing CEO, Dave Ripley, according to two people familiar with the matter. Kraken, founded in 2011, is one of the biggest and oldest U.S. crypto exchanges, and its executives have talked about going public for years. But it has been dwarfed in terms of market share by... Read more ›
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General Catalyst, a 25-year-old venture firm, has raised approximately $8 billion across several funds, the firm announced today, its biggest funding haul to date, indicating investor exuberance for experienced firms. General Catalyst last raised a fund in 2022, which was a $4.6 billion haul. ... Read more ›
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Videos of celebrity chef Gordon Ramsay making a chaotic mess in a kitchen went viral in the U.S. on TikTok, Instagram and X over the past month. The short clips were generated by a Chinese artificial intelligence video-generation app called Hailuo. Hailuo, developed by Shanghai-based startup MiniMax, is one of several Chinese AI video-generator apps that have shown up in the U.S. lately, taking on American startups like Runway and... Read more ›
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Last year’s entries in The Information’s 50 Most Promising Startups have been masterful fundraisers, even as global venture funding has slipped in 2024 compared with last year. At least 21 of the companies our reporters selected a year ago have raised additional funding since then. At least 10 have either raised more than $100 million or been valued at more than $1 billion, growing too large to consider for our... Read more ›
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Over the past week, artificial intelligence developers have posted rave reviews on X and Reddit about the quality of Nemotron, a series of large language models Nvidia built using Meta Platforms’ open-source Llama model.The buzz about Nemotron rekindled questions about whether the race between open- and closed-source models is tightening. The short answer seems to be no—but not necessarily because there’s a big difference in quality between closed and open... Read more ›
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Keurig Dr Pepper is buying a 60% stake in energy drink and supplement brand Ghost, the companies announced Thursday, as large food and beverage companies look to strike more deals with emerging brands. Keurig will initially pay around $990 million for a 60% stake in Ghost, which was founded in ... Read more ›
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IBM’s revenue grew just 1% to $15 billion in the three months ending in September compared to the year prior, the company said on Thursday. The sluggish growth was primarily due to a slowdown in its consulting business, which makes up more than a third of IBM’s revenue. CFO Jim Kavanaugh ... Read more ›
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Artificial intelligence has accomplished many things, but few are as dramatic as the way it has supercharged investing in startups. Just look at the recent headlines: OpenAI raised $6 billion at a valuation of $157 billion. Anthropic is looking to raise funding at a valuation of $40 billion. That posed challenges for our reporters seeking promising but little-known startups for this year’s edition of The Information 50—the fifth installment of... Read more ›
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Apple CEO Tim Cook is in China for a second time this year, promoting the company’s products to Chinese consumers and showing his support of the Chinese economy. Cook on Wednesday told the head of China’s Ministry of Industry and Information Technology, Jin Zhuanglong, that Apple planned to ... Read more ›
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Tesla surprised Wall Street with strong profit margins and a projection that it would sell a record number of electric vehicles this year, confounding predictions of a sales decline. Shares rose 12% in after-hours trading. Tesla said its gross profit margin in the quarter was 17.1% excluding ... Read more ›
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Today Elon Musk had some good news to report about Tesla for a change. The electric vehicle maker’s third-quarter results on Wednesday were the strongest in 12 months, with a return to growth in auto revenues after two quarters of decline and the revelation that the Cybertruck had turned profitable. Tesla even projected it would finish this year with “slight growth” in vehicle deliveries, which implies sales growth accelerates in... Read more ›
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ServiceNow, whose subscription software helps companies manage their computer hardware and software, on Wednesday reported solid revenue growth in the third quarter, but artificial intelligence features didn’t seem to move the needle. It also appointed Google Cloud executive Amit Zavery as ... Read more ›
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With only 12 days (!) left before the presidential election, Kamala Harris and Donald Trump are still trying to reach potential voters. One way is by appearing on popular podcasts, where they can speak to listeners directly—and often avoid tougher questions from traditional journalists. As the chart below shows, Trump has been on at least 20 shows versus at least six for Harris. Read more ›
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Roblox has boosted some safety measures for children on its video game site, hoping to stem growing criticism that its product is unsafe for young people. Those tweaks include limiting some parts of Roblox’s chat features for users younger than 13 and creating a new type of account for parents, ... Read more ›
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A Florida woman Tuesday sued Character.AI, an app where people message with personalized chatbots in hyperrealistic interactions, claiming the app contributed to her son’s suicide. Megan Garcia also sued Character’s co-founders Noam Shazeer and Daniel De Freitas, as well as Google, which in ... Read more ›
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Miles Brundage, an OpenAI policy leader focused on ensuring the safety of its upcoming artificial intelligence, announced in a post on X on Wednesday that he would be leaving the company so he can “have more freedom to publish” research on the topic and “be more independent.” His exit adds onto ... Read more ›
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Last fall, several Google artificial intelligence leaders met with Jonathan Siddharth, CEO of a startup that sells access to part-time software engineers on demand. The Google managers asked Siddharth whether the startup, Turing, could use its army of human programmers to teach Google’s AI to be better at completing coding tasks, according to a person who heard the discussion. Would doing so take 500, 800 or 1,000 programmers, and how... Read more ›
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Meta’s recent decision to shut down its augmented reality platform has prompted some frustrated developers to switch to Snap, according to Bloomberg News. Meta announced in August that it will shut down Meta Spark, which allows outside developers to build custom AR photo filters and effects ... Read more ›
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Most popular sources
Business Insider
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20% 3 |
Tom's Hardware
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16% 11 |
The Verge
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12% 4 |
Wired
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7% 1 |
Android Authority
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6% 0 |
| View sources » | |
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13.11.2025 20:16
Last update: 20:10 EDT.
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