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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Sunnyvale-based Cerebras, which designs chips for training and running artificial intelligence models, disclosed in a prospectus for an initial public offering that it lost $127 million last year on $78 million in revenue. Still, the startup’s revenue rose sharply in the first six months of ... Read more ›
0
Satellite TV firms DirecTV and Dish Network are planning to merge, not for the first time. DirecTV’s parent, TPG, said Monday it would buy Dish Network for $1 plus assumption of about $10 billion in debt. At the same time, TPG is buying full ownership of DirecTV from AT&T for $7.6 ... Read more ›
0
Thrive Capital has raised $391.3 million in new capital for an investment vehicle associated with its $3.5 billion growth fund launched in August, according to a securities filing. In March 2023, Thrive similarly raised $744.8 million for an special-purpose vehicle, a pool of capital dedicated ... Read more ›
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Epic Games on Monday sued Google and Samsung over claims that a new Samsung phone setting blocks app stores that compete with the Google Play app store, which is preloaded on devices powered by Google’s Android software, including Samsung’s. Epic last year won an antitrust suit accusing Google ... Read more ›
0
As OpenAI nears a much-needed capital raise, some investors in the company have privately voiced hope that its largest shareholder and benefactor, Microsoft, will relinquish its rights to a large share of OpenAI’s future profits—an arrangement that effectively lowers the value of shares held by newer investors.I wouldn’t bet on it.Microsoft has the power to veto any proposed changes to those profit rights, and its executives haven’t wanted to change... Read more ›
0
SoftBank’s Vision Fund has agreed to invest $500 million in OpenAI’s latest funding round, which values the developer of ChatGPT at $150 billion before the investment, a person familiar with the deal said. The deal represents SoftBank’s first investment in the Sam Altman-led company. SoftBank joins lead investor Thrive Capital, which is investing over $1 billion in the round. Tiger Global Management, Coatue Management and Microsoft are also participating in... Read more ›
0
The race to get self-driving taxis on the road is accelerating. Elon Musk’s Tesla plans to reveal its long-awaited prototype of one such vehicle on Oct. 10, while Alphabet-owned Waymo announced last month that its autonomous vehicles soon would be available for Uber customers in Austin, Texas, and Atlanta. These moves, along with Waymo’s recent success running a robotaxi service in Phoenix, Los Angeles and San Francisco that it says... Read more ›
0
California Gov. Gavin Newsom vetoed legislation Sunday that would have imposed new regulations on artificial intelligence and exposed deep divisions in the tech industry. SB 1047, authored by state Sen. Scott Wiener, would have created a new oversight body to issue regulations and approve new AI ... Read more ›
0
Welcome, Weekenders! In this newsletter:•The Big Read: How YouTuber Mark Rober got inside the heads of Silicon Valley families. • The Top 5: The best trails to use e-bikes to get out of your cars and smell Mother Nature. • Plus: A new album from electronic artist Jamie xx; a Batman villain spreads his wings; and the origins of reality television.Just when you thought OpenAI had filled its quota of... Read more ›
26
You’ve seen them everywhere—and have probably even dodged a couple while crossing Market Street in San Francisco or Fifth Avenue in New York. Electric bikes have become a de rigueur mode of transportation for the office-going set, affording even those who routinely skip leg day at the gym the ability to sail through SoMa without breaking a sweat. Max Mautner, a software engineer from San Mateo, Calif., who works at... Read more ›
7
The Irish Data Protection Commission fined Meta Platforms 91 million ($102 million) and reprimanded it for storing some user passwords without encryption. “It is widely accepted that user passwords should not be stored in plaintext,” said the Deputy Commissioner of the Irish body in a statement. ... Read more ›
0
Mark Zuckerberg has become a watch nerd. In his appearance at Connect on Wednesday, he was flashing a timepiece identified by Redditors as this one costing tens of thousands of dollars, at least the third such ultrapricey watch he has sported lately. It’s all part of a recent style makeover that also includes gold chains and loud shirts. It’s smart: The watches, in particular, set Zuckerberg apart from his counterparts... Read more ›
0
OpenAI expects to close its funding round, which could value it at $150 billion, by next week, according to the Wall Street Journal, which cited a memo to investors from Chief Financial Officer Sarah Friar. Josh Kushner’s Thrive Capital is leading the fundraise of as much as $7 billion in ... Read more ›
13
Comcast’s European pay-TV unit Sky has filed a lawsuit against Warner Bros. Discovery, alleging that WBD has breached the terms of a 2019 co-production deal between the companies that gave Sky exclusive rights to co-produce a certain number of shows greenlit by WBD, according to The Wall Street ... Read more ›
0
Last fall, Satyajeet Salgar, the director of product management and user experience at Google AI, was huddled outside his kids’ Palo Alto, Calif., elementary school with a group of parents who were there for a class performance. The parents began talking about their kids’ favorite shows, and the conversation landed on the topic of Mark Rober, a YouTuber. Each of the parents discussed watching videos made by Rober—a former NASA... Read more ›
9
Two years ago, a behind-the-scenes giant in U.S. financial markets went live with one of Wall Street’s biggest and most ambitious blockchain initiatives. Known as Project Ion, the effort aimed to use blockchain to revolutionize settlement of stock trades, when buyers fork over the cash and get share certificates. Firms ranging from big banks like JPMorgan Chase to trading app Robinhood got involved. But it didn’t catch on, a person... Read more ›
27
Talk about staying above the fray. Even as the latest rash of senior executive departures from OpenAI sparks a fresh round of questions about the company’s management, CEO Sam Altman was in Turin, Italy, appearing at an event to do what he does best: talk about the future.In an onstage interview, Altman did address the latest departures at OpenAI—according to a transcript provided by OpenAI—but only to pooh-pooh the idea... Read more ›
0
OpenAI CEO Sam Altman told staff Thursday that there were “good reasons” for him to avoid having equity shares in OpenAI but that investors are pushing for him to get a package so his interests align with that of the company, The Information reported. In a meeting with staff, Altman also said ... Read more ›
0
Last fall, members of OpenAI’s board of directors had had enough of the rumblings inside the artificial intelligence startup about CEO Sam Altman’s management style. They began questioning staffers, including Chief Technology Officer Mira Murati, about how Altman operated, including his tendency to pit other leaders against each other. They worried that those tendencies, left unchecked, could hurt OpenAI’s ability to retain key researchers and executives. A year later, those... Read more ›
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OpenAI's investors are accustomed to turmoil. There’s been a steady stream of high-profile departures since last November, when CEO Sam Altman was fired in a board coup of cinematic proportions. That may be why its backers, though surprised by this week’s resignation of Chief Technology Officer Mira Murati and two other top technical leaders, aren’t running away from the startup’s huge funding round. Those that signed up to invest at... Read more ›
0
Most popular sources
Business Insider
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21% 2 |
Wired
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9% 3 |
Tom's Hardware
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9% 4 |
Mashable
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8% 5 |
Android Authority
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7% 2 |
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14.11.2025 09:08
Last update: 09:05 EDT.
News rating updated: 16:02.
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