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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Alphabet’s self-driving robotaxi unit Waymo struck a deal to incorporate electric cars made by Hyundai in its fleet, the two companies announced on Friday. The deal comes as Waymo’s robotaxi business is expanding. It is available to anyone in San Francisco, Phoenix and Los Angeles ... Read more ›
0
Amazon closed three of its Go convenience stores in New York last week, a company spokesperson confirmed, leaving just two locations in the city and 17 nationwide. It’s the latest example of Amazon trimming its retail footprint as the company continues to search for a winning formula in physical ... Read more ›
0
Publishers are happy that the Department of Justice sued Google over its control of online display advertising. But some would have preferred to have seen the case brought five or six years ago—when the gap between what publishers and the tech giants generate from online ads was not as wide as it is today. Publishing executives say they might have had a chance to build the ad tools that could... Read more ›
0
We’re excited to see everyone on October 7th and 8th at The Information's WTF Summit. Our breakout sessions are an important part of the Summit. At this year’s event, we’ll have two sets of 35-minute breakout sessions on Tuesday, October 8th. Here’s a preview of this year’s topics. Connected Experiences: What the Future of Smart Living Looks Like 1:15 PM From consumer tech to robotics, hear from industry leaders about... Read more ›
0
U.S. startups raised $37.5 billion in the three months ended in September, up 8% from the year-ago, driven by larger deals and investments in artificial intelligence, according to data from PitchBook and the National Venture Capital Association. That’s a slowdown from the 59% rise in the second ... Read more ›
0
On the public markets, the idea of companies that are burning cash also spending money on stock buybacks is a giant no-no. Yet for some reason, private tech investors are willing to give startups a pass for doing the same thing. Exhibit A is OpenAI, which we reported wants to use some of the $6.6 billion in cash it raised in its recent fundraising to buy shares from employees. That’s... Read more ›
0
It’s reasonable to ask that your VC backers not fund your greatest competitors. In the past, avoiding such rival investments was the norm! Still, OpenAI’s private request of its backers, that they avoid investing in other artificial intelligence model makers, stands out. Increasingly investors have been funding rival AI businesses as a way to hedge their bets. They’re likely to keep doing so, that is unless they’ve aligned themselves with... Read more ›
0
UK banking startup Revolut has urged Meta to shoulder the costs of reimbursing victims of bank fraud after the social media platform launched an initiative to allow banks to share transaction data with the company to clamp down on financial crimes. Revolut head of financial crime Woody Malouf ... Read more ›
0
When ShopMy first launched in 2020, it looked a lot like the popular creator startup LTK. Both help creators to set up personalized links to shopping pages they could share on social media sites, giving them a way to earn commissions from brands by promoting products.  ShopMy, whose backers include Inspired Capital and AlleyCorp, initially focused on signing up creators and generated revenue by taking a cut of sales when... Read more ›
0
OpenAI has secured a $4 billion revolving credit line with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC, the company said in a blog post on Thursday. The credit line, which can be tapped over the next three years, can also be increased by $2 ... Read more ›
0
If the U.S. forces TikTok to go dark in January—a scenario its lawyers are fighting in federal court—it will fall back on its hundreds of millions of users outside the U.S. who have helped make the short-video app a global phenomenon. But some of those other regions, such as Europe, are becoming more hostile to TikTok. While EU countries haven’t gone as far as threatening to ban the app, regulators... Read more ›
0
Google on Thursday launched advertisements next to new conversational answers that appear in its search engine, a long-awaited move as it changes the look of its biggest moneymaker in response to rising search competition from OpenAI’s ChatGPT. For now, Google is selling the ad space within the ... Read more ›
0
Amazon plans to hire 250,000 workers for its U.S. fulfillment and transportation operations this holiday season, the company said Thursday. That’s the same hiring figure Amazon announced for last year’s holiday season. Amazon’s e-commerce business has been growing more slowly than during the ... Read more ›
0
OpenAI just raised one of the biggest private pools of capital in Silicon Valley history. Ironically, one of the biggest questions is how soon it will try to raise that kind of money again, thanks to its high cash burn.Its $6.6 billion financing capped a convoluted and sometimes chaotic process that spanned continents. Investors are valuing OpenAI at $157 billion—on par with publicly traded firms like Siemens, Goldman Sachs and... Read more ›
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Tesla has embarked on an ambitious effort to design four new versions of its in-house battery to power the Cybertruck, its forthcoming Robotaxi and other electric vehicles, according to people with direct knowledge of its plans. This is the most battery projects the company has worked on simultaneously. The projects come four years after CEO Elon Musk first outlined plans for Tesla’s next battery line, known as the 4680 because... Read more ›
26
A federal court in California blocked a new state law that would prohibit some artificial intelligence-generated digital replicas of political candidates on Wednesday. U.S. District Court Judge John Mendez ruled that the law is unconstitutional because it “does not use the least restrictive ... Read more ›
0
CRV, a 54-year-old firm known for early bets on Ring, DoorDash and Twitter, says it’s planning to return $275 million of a $500 million fund, raised two years ago, focused on later stage startups. It made the decision after struggling to find enough investments in these companies at the ... Read more ›
0
Sam Altman should organize a celebration dinner for the men behind the largest venture capital funding round ever. I’d love to overhear SoftBank’s Masayoshi Son give advice to Thrive’s Joshua Kushner on how to avoid giving too much money to charismatic tech founders. Imagine seeing Nvidia’s Jensen Huang and Microsoft’s Satya Nadella fight over the dinner check to thank Altman for creating the product that boosted their own companies’ fortunes.... Read more ›
2
There’s been a lot of chatter in the tech industry lately about smart glasses. Meta Platforms announced a string of updates to its Ray-Ban smart glasses at the company’s Connect conference in September. And this week, I reported Google had approached partner Samsung about developing AI-powered smart glasses. (You can read the story here.)If Google proceeds with those plans, it might borrow a page from Meta’s strategy of making these... Read more ›
0
Amazon plans to increase the number of ads it shows to viewers on Prime Video next year, according to the Financial Times. In an interview with the outlet, Kelly Day, vice president of Prime Video International, said the number of ads on Prime Video will “ramp up a little bit more” next year. ... 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
|
13% 5 |
Wired
|
7% 0 |
Android Authority
|
5% 1 |
| View sources » | |
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14.11.2025 06:48
Last update: 06:40 EDT.
News rating updated: 13:41.
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