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
The artificial intelligence boom has provided a nice distraction from the reality of the venture capital industry, where cracks beneath the surface continue to grow. The latest edition of PitchBook’s quarterly report on the venture business paints a concerning portrait and offers a bleak projection: “the dam created by the headwinds of high interest rates and inflation will eventually crack.”Here are five data points from the new report that jumped... Read more ›
0
Amazon is bringing in a new leader to Twitch to boost its advertising business, deepening the ties between the livestreaming service and its powerful parent. In a reorganization of Twitch’s ad business, Amazon is forming a new ad sales and product group for Twitch under the leadership of executive Viral Thacker. Thacker’s team will work “across all ad products, countries and customer segments,” according to a recent memo I viewed.... Read more ›
0
Lori Goler, Meta Platforms’ longtime head of people, will depart the company next summer, she said Tuesday in a post on Facebook. Janelle Gale, Meta’s head of human resources, will take over Goler’s role in January, Goler said. “My work building and leading the [people] team and helping to shape ... Read more ›
0
Paxos, a stablecoin issuer and blockchain infrastructure provider, said it has launched a stablecoin service for payments providers, with Stripe being its first customer. Last week, Stripe launched a feature that allows merchants to accept stablecoins for payments, powered by Paxos’ ... Read more ›
0
Goldman Sachs and Bank of America on Tuesday joined other Wall Street banks in reporting jumps in investment banking and trading revenue for the third quarter. Goldman’s equities trading revenue rose 18% to $3.5 billion while investment banking fees rose 20% to $1.9 billion. At Bank of America, ... Read more ›
0
Harry Stebbings, host of The Twenty Minute VC podcast, has raised $400 million across two new funds from limited partners including MIT Investment Management Company and Horsley Bridge. The larger haul will allow Stebbings, who raised $140 million in 2021, to lead more deals, he told ... Read more ›
0
The New York Times Company sent AI startup Perplexity a “cease and desist” notice demanding that the firm stop using its content, the Wall Street Journal reported. The letter follows a lawsuit filed by the Times against OpenAI at the end of last year, alleging copyright infringement in how the ... Read more ›
0
Score one for OpenAI? Before we get to today’s column, we should flag Aaron’s scoop yesterday about OpenAI hiring one of Microsoft’s most prominent artificial intelligence researchers. It must be a welcome relief for OpenAI to be on the receiving end of such a move for a change.Onto today’s issue…Between headlines about OpenAI’s multibillion-dollar financing and executive drama, you might have forgotten it’s also reworking its convoluted structure so that... Read more ›
33
For years, many crypto and fintech startups viewed hiring staffers to ensure their businesses followed the rules as an afterthought. Hires to oversee compliance with financial regulations aren’t a flashy sign of growth like software engineers or big-name product hires. Now, compliance staffing has become top of mind for these companies, according to industry executives and advisors. From fintech darlings Plaid and Stripe to crypto companies Tether and Binance, and... Read more ›
0
Crusoe, a data center company focused on artificial intelligence, is in advanced discussions to raise several billion dollars in debt financing for a data center it is building for OpenAI in Texas, according to two people with direct knowledge of the situation. Crusoe, which previously focused ... Read more ›
30
It may feel like we’ve just finished earnings season—but hey, time flies when you’re having fun. Yes, earnings are upon us again. Netflix, as always, kicks off tech’s roster of quarterly reports on Thursday. And there are a bunch of recent buyers of Netflix stock who have much riding on what the streaming giant reports.Netflix stock has hit new all-time highs in the past month, lifting it to as high... Read more ›
0
Prototypes of Tesla’s Optimus robot, which were showcased at the company’s event unveiling several robotic test products last week, were operated remotely by human staff, Bloomberg reported. The October 10 event also revealed Tesla’s CyberCab, a prototype autonomous two-seat taxi. At the party, ... Read more ›
0
Google signed a power purchase agreement with an Alameda, Calif.-based nuclear energy startup that plans to build and operate several nuclear power plants, which could one day fuel its data centers. The plants won’t be built until the end of the decade at the earliest, and there are several ... Read more ›
0
Nvidia is once again in range of becoming the world’s most valuable company. Stock of the AI chip maker rose 2.4% to $138 today, giving it a market capitalization of $3.386 trillion. Nvidia is now second only to Apple, which currently has a market capitalization of $3.5 trillion. ... Read more ›
0
Sebastien Bubeck, one of Microsoft’s most prominent artificial intelligence researchers, is leaving to join OpenAI, he told staff on Monday. Bubeck was a public face of much of Microsoft’s development of large language models over the past two years. His team used special access to ... Read more ›
0
Operating profit at Google’s AI research unit, DeepMind, increased 91% last year to 136 million pounds, or about $175 million, as it merged with Google Brain, a sister AI research group, according to a regulatory filing in the U.K., where DeepMind has been based. When it was previously a ... Read more ›
0
When it comes to recruiting and retaining artificial intelligence researchers, OpenAI has faced tougher competition this year from old and new rivals. Now it’s facing pressure from a very recent former employee: ex-chief technology officer Mira Murati.Murati, whose last day was Friday, October 4 and now is as an advisor to the company, has been speaking with OpenAI employees about potentially joining her next venture, though she hasn’t disclosed exactly... Read more ›
22
Indonesia’s government has ordered that Chinese-owned e-commerce app Temu be blocked from Google and Apple app stores in the country, Reuters reported. The order prevents Temu, owned by Chinese e-commerce giant PDD Holdings, from launching in Indonesia. The move is aimed at ... Read more ›
0
After a decade of acquisitions and internal product launches in groceries and pharmacy delivery, Amazon is taking steps to streamline the mishmash of services it now operates and reinvigorate growth in both markets. For instance, Amazon has begun to unify its two online pharmacy operations, which consist of PillPack, a service Amazon bought for $753 million in 2018, and Amazon Pharmacy, a separate delivery service launched in 2020, three Amazon... Read more ›
0
As the artificial intelligence hype cycle wanes, business leaders are pushing to move beyond experimental approaches and find applications that yield tangible value for their business. But with an emerging technology like AI, it can be difficult to distinguish between groundbreaking new use cases and short-lived fads. For Colleen Aubrey, senior vice president of AWS Solutions at Amazon, the answer lies in moving beyond the big picture and getting granular... Read more ›
0
Most popular sources
Business Insider
|
18% 2 |
Tom's Hardware
|
17% 11 |
The Verge
|
13% 4 |
Wired
|
7% 0 |
Gizmodo
|
5% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
14.11.2025 02:53
Last update: 02:45 EDT.
News rating updated: 09:41.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.