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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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 ›
0
Dave Clark, a former senior Amazon executive who oversaw the buildup of the commerce giant’s sprawling delivery operations, is launching a logistics software startup with $100 million in funding from investment firm Oak HC/FT. Clark’s next move had been a question mark for the logistics and retail tech world since he was ousted as CEO of venture-backed freight company Flexport last year. His new Bellevue, Wash.–based startup, Auger, will focus... Read more ›
0
Amazon’s top human resources executive defended the company’s full return-to-office mandate announced last month, noting that young employees have been asking for in-office work to gain mentorship from their colleagues. The move to five days a week in-office is a return to Amazon’s pre-pandemic approach, where workers showed up in person but still had flexibility to attend to family and other matters, Beth Galetti, Amazon’s senior vice president of people... Read more ›
0
Talk about an epic decision. Epic Games scored a huge victory in court on Monday, when the judge overseeing Epic’s antitrust case against Google essentially shattered the company’s Android app store monopoly. Among other things, the judge ruled that for the next three years, the tech giant can’t require developers to use only Google’s app payment methods. The judge also ruled that Google had to stop trying to block the... Read more ›
0
Daniel Ho, a former senior Tesla executive who managed the launch of the Models 3, Y and Cybertruck, has joined Waymo as program director, he said in a LinkedIn post. Ho left Tesla in April at the same time CEO Elon Musk dismissed Rebecca Tinucci, head of Tesla’s Supercharger group and ... Read more ›
0
FTX received approval from a U.S. bankruptcy court for its plan to fully repay customers plus interest, almost two years after the collapse of the crypto exchange. Thanks to rising crypto prices, FTX expects the total value of its assets, when converted to cash and available for distribution, ... Read more ›
0
A federal judge in California took extraordinary actions to weaken Google’s Android app store, known as Google Play, after the company lost an antitrust trial late last year. App developer Epic Games filed the case. The judge, James Domato, ordered Google to stop requiring American Android app ... Read more ›
0
Amazon has acquired MX Player, an Indian an ad-supported video streaming service, Amazon said Monday. The companies did not disclose the value of the deal, but TechCrunch reported it valued MX Player at less than $100 million. Amazon said it’s combining its own Indian ad-supported streaming ... Read more ›
0
OpenAI closed out its big week of fundraising news with a rather understated product announcement: the release of Canvas, a new ChatGPT interface that makes it easier for users to draft documents and code.That might not sound like a big deal. But it has bigger implications for the company’s position in the AI race and its relationship with its customers than you might think.With Canvas, users can open up a... Read more ›
6
It’s back to the races for artificial intelligence startups that require billions of dollars—and the investors that want to own a piece of their growth. OpenAI’s $6.6 billion capital raise and startups’ high computing costs have sparked new funding discussions between AI startups—including xAI, Anthropic, Perplexity and ElevenLabs—and investors hoping to kick-start deals. In some cases, pressure to close investments before the holiday lull sets in has added urgency. Read more ›
0
Cerebras Systems, a $4 billion-valuation semiconductor designer taking on Nvidia, stands out as one of the few tech startups aiming to list its shares publicly this year, trying to capitalize on investor interest in hardware that powers artificial intelligence. What may dampen some of the fervor is another unusual detail: Its co-founder and CEO, Andrew Feldman, was convicted for an accounting fraud felony nearly two decades ago. Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why women in tech are sounding an alarm• Power and Influence: The tangled web behind the VC who wants to be mayor• Plus: Terrors from a storm; Netflix escapism; and a podcast with Tom Hanks and chimpanzee butts. Silicon Valley grudgery really can devolve into such absurd performativity. Take, for example, the very public reconciliation efforts lately undertaken by Palmer Luckey, the... Read more ›
0
In 2015, many San Franciscans were furious with startups like Airbnb as they depleted the city’s housing supply and pushed rent in the city to some of the highest levels in the country. Mark Farrell—a venture capitalist then serving as a city supervisor and now a leading candidate in San Francisco’s current mayoral contest—wasn’t one of them. Farrell co-authored legislation with then-Mayor Ed Lee establishing new rules for short-term rental... Read more ›
0
China-founded Shein is hosting informal roadshows in London and New York this and next week in preparation for the company’s initial public offering on the London Stock Exchange, according to a person familiar with the company. Shein’s elusive CEO Sky Xu and CFO Leigh Gui have been meeting with ... Read more ›
0
Google on Friday said that it would stop linking to news content in New Zealand if the country passed a law to make platforms like Google and Facebook pay media outlets. In a blog post, Google said it would also discontinue its current partnerships with New Zealand media outlets. New Zealand is ... Read more ›
0
Ben Horowitz told employees at the venture capital firm he co-founded that he planned to donate to Vice President Kamala Harris’ run for president, an about-face from his own position–and that of his co-founder Marc Andreessen—to support former President Donald Trump. In a note to staff, which ... Read more ›
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It looks like Amazon has finally realized most people go to grocery and convenience stores to browse and shop—not to be wowed by technology. Case in point: Amazon is closing more of its futuristic cashierless convenience shops and launching mini Whole Foods stores that are comparatively low tech. When Amazon opened its first Go store to the public in 2018, it touted the grab-and-go Just Walk Out technology as the... Read more ›
0
Kalshi, a prediction market startup, went live with its betting market that allows U.S. users to bet on who will win the November presidential election on Friday after a favorable court decision. A federal appeals court on Wednesday rejected the Commodity Futures Trading Commission’s emergency ... Read more ›
0
Meta Platforms on Friday unveiled a series of artificial intelligence-powered tools for generating videos, editing videos and creating audio. The tools, called Movie Gen, are not yet publicly available, but the company plans to integrate them in its social media apps next year. A Meta ... Read more ›
0
There wasn’t any one thing that led to the slow death of Girls in Tech, a standard-bearer nonprofit that provided Silicon Valley women with the kind of mentorship and training opportunities that men took for granted. First, the pandemic struck, and donors shifted their attention to health and science causes. Then the Black Lives Matter movement prompted donors to shift their focus to groups that were more obviously working on... Read more ›
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Most popular sources
Tom's Hardware
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19% 15 |
Business Insider
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18% 3 |
The Verge
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13% 5 |
Wired
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7% 0 |
Android Authority
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5% 1 |
| View sources » | |
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14.11.2025 06:48
Last update: 06:40 EDT.
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