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
Google’s head of search and advertising, Prabhakar Raghavan, is moving to a new role while the team behind the company’s Gemini artificial intelligence chatbot, which competes with OpenAI’s ChatGPT, and voice assistant is moving to the DeepMind AI group, CEO Sundar Pichai said Thursday. Raghavan ... Read more ›
2
Baidu CEO Robin Li compared the current artificial intelligence frenzy to the dot-com bubble of the late 1990s, and predicted that only 1% of AI companies will eventually stand out and become huge. “A bubble is kind of inevitable when you pass the stage of initial excitement,” said Li, speaking ... Read more ›
53
Taiwan Semiconductor Manufacturing Corp lifted third quarter revenues 39% to $23.5 billion and net income 54%, as the world’s biggest chipmaker benefited from surging demand for AI chips. TSMC manufactures chips designed by other companies, such as Apple and Nvidia. It particularly dominates the ... Read more ›
9
Earlier today, we published our Generative AI Takeover List of 78 startups that could be acquisition targets. The list includes companies that develop their own models or robots, haven’t raised funding in at least two years, or both. These companies are most likely to face a cash crunch and be open to takeover offers.My colleagues Stephanie and Rocket highlighted the conundrum for these startups: It’s expensive to build large language... Read more ›
7
Reality is setting in for many artificial intelligence startups. Facing the huge costs of developing AI models and questions about when customers will see returns on their investments, some companies have found safety in the arms of larger tech firms through acquisitions or acqui-hires. Others have laid off staff or are shutting down. Most of the startups that decided to sell, cut staff or shut down were developing their own... Read more ›
6
ASML shares fell for the second straight day after the Dutch maker of equipment for manufacturing computer chips released its financial results Tuesday. The company said net sales for the third quarter rose 12% year-over-year to $8.1 billion, topping its own forecasts. But it slashed its sales ... Read more ›
0
Payments giant Stripe is in advanced talks to acquire Bridge, a San Francisco-based stablecoin infrastructure company founded by Coinbase and Square alumni, according to Bloomberg. Stripe declined to comment. Bridge did not immediately respond to requests for comment. Founded in 2022, Bridge ... Read more ›
0
Big tech has well and truly gone nuclear. Amazon’s announcement today that it has signed three deals for the development of nuclear power reactors—including leading a $500 million funding round for a reactor developer called X-energy (not related to the X-obsessed Elon Musk)—demonstrates clearly how the tech industry is helping to revive nuclear power in the U.S. after years of decline. Yes, some of us have gotten over the trauma... Read more ›
2
Uber has sought input from advisers on a potential acquisition of travel booking site Expedia, according to a report from the Financial Times on Wednesday that cited unnamed sources. Expedia’s shares surged roughly 7% immediately following the report, and Uber’s dropped by almost 3%. Uber has ... Read more ›
1
Last year, TikTok helped woo sellers to TikTok Shop by footing the bill for incredible discounts on its new e-commerce service. These encouraged merchants to sell items at rock-bottom prices, which led to a deluge of sales. But this year, TikTok is taking a different tack to grow its e-commerce sales by encouraging more brands to go live—a lot.That’s one of the takeaways from a story Ann Gehan and I... Read more ›
24
Data center startup Crusoe Energy announced yesterday that it had finalized a $3.4 billion deal to finance construction of a data center in Texas. Now, The Information reports, the firm is raising an equity financing alongside the deal: Founders Fund, an existing Crusoe and OpenAI ... Read more ›
0
The artificial intelligence race is lifting previously unknown data center startups that say they can move faster than bigger developers. The latest is Crusoe Energy, which on Tuesday announced a deal to borrow $3.4 billion to develop a data center that could eventually become one of the largest in the world. Oracle, a cloud provider, will lease the site and rent servers with Nvidia's artificial intelligence chips to OpenAI, The... Read more ›
29
As TikTok’s U.S. shopping service enters its second year of operation, the ByteDance-owned company has become stingier about wooing online merchants with cash. TikTok has cut back on subsidizing deep discounts for retailers, a tactic it used last year when TikTok Shop launched, and has tripled its cut of sales to 6%. But TikTok has started to use other strategies to keep merchants interested in TikTok Shop. It’s putting more... Read more ›
8
Morgan Stanley joined its rivals reporting resurgent investment banking activity on Wednesday, adding to signs Wall Street is enjoying a healthier environment for dealmaking and trading. Morgan Stanley’s third-quarter profit rose 32% to $3.2 billion in what chief executive Ted Pick described as ... Read more ›
0
Amazon announced three nuclear energy projects on Wednesday, including two deals with utilities and an investment in a nuclear developer, marking the latest example of a big tech company backing clean energy projects to power data centers. Amazon has signed agreements with utilities in Virginia ... Read more ›
19
Nvidia and OpenAI may get the headlines, but their microprocessors and artificial intelligence wouldn’t be possible without the good people of Taiwan—specifically, more than 70,000 employees and leaders of Taiwan Semiconductor Manufacturing Co.A few years ago, my colleague Wayne took readers into the deep relationship between TSMC and Apple, which is still its top customer, and he later reported in detail how TSMC is even more secretive than Apple, which... Read more ›
15
The most successful and lucrative partnership in the artificial intelligence business is showing signs of strain. In March, Jensen Huang, CEO of chip giant Nvidia, trumpeted the arrival of a family of new chips, known as Blackwell, designed to run the latest, most powerful AI software. Microsoft’s Satya Nadella, Tesla’s Elon Musk and nearly every other major leader in the tech industry offered gushing quotes about Blackwell in Nvidia’s announcement... Read more ›
0
Big tech companies don’t report September-quarter earnings until the end of this month. But you don’t have to wait until then to get an update on the artificial intelligence data center gold rush that’s now underway. Instead, just tune in to Blackstone’s earnings call on Thursday.The giant investment firm has emerged as one of the big global financiers of data centers—a key piece of the bricks and mortar needed to... Read more ›
0
Donald Trump says he won’t break up Google if he wins next month’s presidential election, The New York Times reported, adding that “China is afraid of Google.” He added that he instead would seek to make sure Google’s behavior is “more fair.” The breakup idea is on the table because ... Read more ›
0
An attorney for the man charged with murdering Cash App founder Bob Lee in San Francisco a year ago sought to reframe the dramatic incident as a matter of self defense as the trial commenced this week. The defendant, Nima Momeni, allegedly stabbed Lee three times in a deserted part of downtown ... Read more ›
0
Most popular sources
Business Insider
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19% 5 |
Tom's Hardware
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17% 12 |
The Verge
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14% 6 |
Wired
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7% 0 |
Gizmodo
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6% 0 |
| View sources » | |
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14.11.2025 00:41
Last update: 00:35 EDT.
News rating updated: 07:32.
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