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 ›
81
As Amazon prepares to launch a new low-price storefront to combat Temu, it’s imposing severe price caps on what merchants can charge for their wares on the outlet, including an $8 limit for jewelry, $9 for bedding sets, $13 for guitars and $20 for sofas, according to messages from Amazon to merchants seen by The Information. The price caps ensure that Amazon’s new storefront site is competitive with the bargain-basement... Read more ›
0
U.S. rules that would limit certain U.S. investments in China in sensitive technology areas such as artificial intelligence are now going through a final regulatory review, according to a posting on the U.S. government’s website. Read more ›
0
The race to develop physical robots powered by artificial intelligence is on again, despite the industry’s track record of failures—and the threat that OpenAI, which has dominated advances in conversational AI, will become a bigger rival. Physical Intelligence, a startup developing software for robots that could work in a range of industries, has told investors it wants to raise $300 million at a valuation around $2 billion, according to two... Read more ›
3
Crypto is so back, baby! Payments firm Stripe confirmed that today with its deal—reportedly $1.1 billion—to buy Bridge, a startup that helps companies make payments using stablecoin (a type of cryptocurrency backed by dollars and other traditional currencies). Given that Bridge’s revenue may be around $12 million, as The Information estimated today, Stripe appears to be paying a massive price—reminiscent of crypto’s halcyon pre-2022 days.But times have changed, and not... Read more ›
0
Crypto fans have argued for years that blockchain technology could speed up global payments and make them cheaper. Now payments giant Stripe is making a more than $1 billion bet on that finally becoming a reality—and the crypto industry is rejoicing. Stripe announced on Monday that it had agreed to acquire Bridge, a two-and-a-half-year-old San Francisco–based startup focused on payments using stablecoins, a type of crypto pegged to a traditional... Read more ›
2
Meta’s Ray-Ban smart glasses are the best-seller in 60% of the Ray-Ban stores in Europe, EssilorLuxottica CFO Stefano Grassi said on Monday, a sign of how popular the smart-glasses have become. EssilorLuxottica, a global eyewear giant and owner of the Ray-Ban brand, is Meta’s ... Read more ›
0
News Corp. on Monday sued artificial intelligence search startup Perplexity for allegedly “engaging in a massive amount of illegal copying of publishers’ copyrighted works and diverting customers and critical revenues away from those copyright holders,” according to the lawsuit. The plaintiffs ... Read more ›
68
Gopuff fired its chief technology officer on Friday several months after he was arrested on a felony battery charge for allegedly assaulting his longtime romantic partner, according to an internal company email and public records. Sreekant Kotay, who goes by Sree, was arrested in Broward County, Fla., on June 25 and charged with battery and possession of methamphetamine and cocaine, according to police records. He has pleaded not guilty to... Read more ›
1
Walt Disney Co. named former Morgan Stanley CEO Jim Gorman as its new chairman, effective Jan. 2, succeeding Nike chairman Mark Parker. Disney also said it expected to announce a new CEO, succeeding Bob Iger, in early 2026. Gorman’s appointment demonstrates his growing influence at ... Read more ›
0
A rare piece of OpenAI personnel news: a leader coming back to the company rather than leaving.Senior leaders expect Greg Brockman, co-founder and president, to return to OpenAI in the next month or so, following a sabbatical that started in August. While Brockman had said he would return at the end of the year, his decision to take a break had sparked speculation that he might not return. And as... Read more ›
2
For more than two decades, Wells Fargo was a juggernaut in a behind-the-scenes business that supported some of the biggest payments companies in the world. The bank’s abrupt exit from that market this year has left a major hole. Block’s Square, for instance, is still hunting for a replacement for Wells Fargo to work on credit card transactions, according to people familiar with the relationship. Square also works with JPMorgan... Read more ›
4
Perplexity, an AI search startup, is discussing fundraising that would more than double its valuation to $8 billion, the latest indication that investor enthusiasm for AI is far from waning. Perplexity has been on a hot streak this year: It has already raised two other funding rounds in 2024— ... Read more ›
0
A hit Netflix show has prompted the Los Angeles district attorney to review evidence in the decades-old case against the Menendez brothers that ended with the pair sentenced to life in prison without parole in 1996 for murdering their parents. The Ryan Murphy series, “Monsters: The Lyle and Erik ... Read more ›
0
Elon Musk has vowed to dole out $1 million each day to registered voters in swing states who sign an internet petition that ostensibly supports free speech and gun rights—part of his efforts to support Donald Trump’s reelection bid. Musk announced the bounty on Saturday in Pennsylvania and paid ... Read more ›
1
Less than three weeks before election day, Vice President Kamala Harris maintains a commanding lead over former President Donald Trump among The Information readers, according to our most recent survey. Roughly three-fourths of 1,248 respondents to the survey on Wednesday and Thursday said they plan to vote for Harris in the coming presidential election. That’s nearly identical to the share of readers who said they planned to vote for Harris... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: The Pro-Kamala tech lab hoping to outfox Elon Musk• The Top 5: Our favorite new tech and business podcasts of 2024. Plus, the unshakeable Harry Stebbings, host of “20VC.” Plus: A spooky “Lost” that hasn’t lost itself; globetrottin’ teas; and what chocolate says about culture and capitalism.Quick, a test: How much does toothpaste cost?Well, that’s a bit of a trick question, actually,... Read more ›
0
For years, Harry Stebbings, the hit British podcaster and venture capitalist, fired off emails to Marc Benioff—no fewer than 53 of them—hoping to cajole the billionaire into appearing on his show, “20VC.” “I emailed him every week with no response, and then he finally did reply,” said Stebbings, 28. Finally, Benioff appeared on an episode of “20VC” last September, discussing San Francisco, Salesforce and raising wealthy children. “And now we’re... Read more ›
0
In John Mackey’s new memoir, the Whole Foods founder and former CEO recalls how in mid-2022, shortly before he left the grocery chain, he took MDMA and psilocybin during a spiritual retreat. While under the influence, Mackey agonized over the ways he had been “disrespected and disempowered” after selling Whole Foods to Amazon five years earlier, he writes, and he fretted about the acquirer’s culture creeping into his natural grocery... Read more ›
0
This week, we shared some of the things we're loving about tech right now—although we weren't without our disagreements. Plus, the latest with Elon Musk and the Lessin's new home tech problem. Apple Spotify YouTube Read more ›
0
The judge hearing Epic Games’ antitrust lawsuit against Google has temporarily suspended his order that Google make a range of changes to its app store, Google Play, giving Google more time to seek an injunction to suspend the ruling while its appeals. The ruling was to go into effect on ... Read more ›
0
Most popular sources
Business Insider
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18% 5 |
Tom's Hardware
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17% 12 |
The Verge
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13% 5 |
Wired
|
7% 1 |
Android Authority
|
6% 0 |
| View sources » | |
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13.11.2025 22:33
Last update: 22:25 EDT.
News rating updated: 05:21.
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