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
OpenAI’s newest investors have signed up for a bumpy and expensive ride. The company’s projections suggest it won’t turn a profit until 2029, when its revenue would hit $100 billion. Before it gets to that point, losses could rise as high as $14 billion in 2026, nearly triple this year’s expected loss, according to an analysis of data contained in OpenAI financial documents viewed by The Information. This estimate doesn’t... Read more ›
0
Meta Platforms said it had begun making its artificial intelligence assistant, Meta AI, available in 21 more countries, including the U.K. and Brazil. In a blog post Wednesday, the company said that the assistant will be available in 43 countries and 12 languages by the end of the year. “ ... Read more ›
0
Longtime Amazon Web Services executive Matt Wood said he is leaving the company after 15 years. He most recently served as the cloud provider’s vice president of artificial intelligence products. A spokesperson for AWS confirmed Wood’s departure. Wood didn’t immediately respond to a request for ... Read more ›
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Welcome back! Kalley here, reporting from The Information’s Women in Tech, Media and Finance Summit in Yountville, Calif., on Monday and Tuesday. Artificial intelligence was a major theme this year, unsurprisingly. Our speakers wrestled with some of the biggest questions gripping the industry: how developers will make money after building such expensive technology and whether businesses will use large language models and generative AI.Even Google, which has spent tens of... Read more ›
0
Consumer startups are grappling with a problem: Customers are bombarded these days with choices for everything from apparel to beauty and wellness products, and it’s harder for young brands to stand out. “There’s a consumer that’s overwhelmed right now, that wants it all, but wants it all done a little bit more for them,” said Kirsten Green, founder and managing partner at Forerunner Ventures, speaking at The Information’s Women in... Read more ›
0
Asset manager VanEck has launched VanEck Ventures, a $30 million fund investing in early-stage crypto and AI startups, adding to its existing lineup of crypto exchange-traded funds and private funds. The fund is run by Wyatt Lonergan and Juan Lopez, who both joined from Circle Ventures, the ... Read more ›
0
The Justice Department said Tuesday that it may ask a federal judge to force Google to divest Chrome, Google Play and Android, in order to fix Google’s illegal monopoly in general search engines and search text advertising. The judge, Amit Mehta, ruled in August that Google engaged in ... Read more ›
0
An overriding question for artificial intelligence developers is whether they can generate enough revenue to offset the high costs of compute and talent. But their own AI helpers can also cut costs. Daniela Amodei, co-founder and president of model developer Anthropic, said the startup’s developers have been using its Claude chatbot to help them code. It can’t fully replace engineers and needs “some coaching,” but many Anthropic developers have dramatically... Read more ›
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The term “social media” is beginning to be synonymous with “cesspool for children.” A Wall Street short seller’s report out today about Roblox, an online kids’ gaming service, painted a picture of a site you wouldn’t want your worst enemy to visit, let alone your children. It came the same day as attorneys general from a dozen states sued TikTok, alleging that the company designed the app to be addictive... Read more ›
0
At the end of the last decade, one of the early ways investors and founders thought they could harness blockchain technology was to run prediction markets. Proponents believed blockchain would help ensure payouts to winners, without the need to find a bookie and argue over results. Those efforts largely failed because those sites were clunky to use and failed to attract enough users. But venture capitalists are newly excited about... Read more ›
0
I’m delighted to be at The Information’s annual conference for women in media, tech and finance in Napa Valley. We’ve covered a lot of ground throughout the two-day event, ranging from artificial intelligence to the future of consumer and issues impacting young people.I heard one theme again and again: As the consumer market has gotten more crowded, that makes it increasingly harder for startups to stand out, so they have... Read more ›
0
Brazil’s Supreme Court is lifting a suspension on Elon Musk’s X service in the country, Bloomberg reported, after Musk complied with the court’s demands. About a month ago, the Supreme Court had ordered internet service providers in Brazil to restrict access to X because the ... Read more ›
0
Cerebras Systems is likely to postpone its initial public offering, Reuters reported on Tuesday, as a result of delays with the U.S. government’s review of United Arab Emirates’ tech conglomerate G42 investment into the company. The report comes just eight days after the AI chip maker ... Read more ›
0
The U.S. Department of Justice doesn’t want Google to use its illegal monopoly in web search to also dominate the next version of search, which incorporates conversational artificial intelligence to provide answers rather than a list of links. But the head of Google’s search engine, Liz Reid, said a U.S. court ruling that Google engaged in anticompetitive behavior in search won’t change how it pursues improvements to the product, where... Read more ›
0
Shein’s business in the U.K. reported $2 billion in revenue for 2023, according to a filing Tuesday. Shein did not disclose figures for the full year in 2022. The 2023 revenue was 38% higher than what Shein reported for a 16-month period from September 2021 to December 2022. Shein also reported ... Read more ›
0
Attorneys general from 13 states and the District of Columbia sued TikTok on Tuesday, alleging that the company deliberately designed the app to be addictive to children. The lawsuits, which were filed separately in New York, the District of Columbia and 12 other states, are the latest in a ... Read more ›
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Hindenburg Research, a noted short-selling firm, says Roblox, a publicly traded online gaming company popular with children, repeatedly overstated individual user numbers and engagement metrics in communications with investors. The research firm has taken a short position in shares of Roblox and ... Read more ›
0
The Amazon executive who oversaw its Just Walk Out cashierless checkout technology has left the company, an Amazon spokesperson confirmed. He is now the chief technology officer of the electric scooter and bike sharing company Lime, according to his LinkedIn profile. The executive, Jon Jenkins, ... Read more ›
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First off, check out my colleagues’ story this morning about how OpenAI is growing impatient with Microsoft’s ability to provide it with enough servers to run its technology, prompting OpenAI to take greater control of its own data center, chip and power planning.Onto today’s issue…Venture capitalists have recently funded half a dozen or so artificial intelligence startups concentrating on the AI field known as mechanistic interpretability (try saying that 10... Read more ›
0
OpenAI and Microsoft soared to new heights by developing and sharing artificial intelligence, specialized servers and product revenue with each other. Microsoft’s cash has paid for nearly all of that work. After marching in lockstep, their relationship is changing. Last week, after OpenAI CEO Sam Altman and Chief Financial Officer Sarah Friar raised $6.6 billion in capital, mostly from a slew of financial firms, they told some employees OpenAI would... Read more ›
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Most popular sources
Business Insider
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19% 2 |
Tom's Hardware
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17% 12 |
The Verge
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14% 6 |
Wired
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7% 0 |
Mashable
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5% 1 |
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14.11.2025 04:41
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