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
Sports jersey seller Fanatics was one of the few high-profile private commerce companies to dodge a valuation collapse in 2022 when interest rates began rising. But as its growth has slowed, investors have started to sour on its prospects, with four mutual funds marking down their stakes in Fanatics by an average of 14% in the first half of the year. According to data compiled by Caplight, funds also made... Read more ›
21
Meta and Mistral will decline to voluntarily comply with parts of the European Union’s recently enacted Artificial Intelligence Act that won’t go into effect until 2027, spokespeople for the companies told Bloomberg. Other AI companies including Google and Microsoft will agree to the voluntary ... Read more ›
0
Cybersecurity startup Wiz is in talks to let existing shareholders cash out between $500 million and $700 million worth of shares at a price that could value the company between $15 billion and $20 billion, Bloomberg reported. The talks follow Wiz’s rejection of a $23 billion bid from Google to ... Read more ›
2
Private equity dealmakers are starting to get busy. The latest evidence of that was today’s news that Blackstone and Vista Equity Partners will buy Smartsheet, which sells software that helps workers plan projects, for $8.4 billion. As falling interest rates are likely at least part of the reason for the (slight) deal revival, we should see more acquisitions in the coming months. Score one for those deal-starved bankers out there.Smartsheet... Read more ›
7
Salesforce said Tuesday that it agreed to buy Zoomin, which sells software for businesses to manage their data. The deal is Salesforce’s third acquisition in recent weeks after announcing it would buy Tenyx and Own earlier this month. Salesforce didn’t disclose the acquisition price. The deal, ... Read more ›
0
Anthropic, OpenAI’s largest startup competitor, projected it would generate $1 billion in annualized revenue by the end of this year, CNBC reported, implying monthly revenue of around $83 million. That’s a higher projection than what the company shared with investors at the beginning of this ... Read more ›
0
Silicon Valley has never felt more intertwined with the Middle East—and I’m not just saying that because I’m writing this column as I graze on dates in the lobby of Rosewood Abu Dhabi. I spent the last week meeting investors, operators and founders in Dubai and Abu Dhabi, where evidence of U.S. venture capital was easy to find.One of those meetings was with Fadi Ghandour, founder of Wamda Capital, which... Read more ›
0
Google is making its standalone Gemini chatbot app available to paying subscribers of Workspace, its collection of work software including Gmail and Drive, replacing the need to purchase a separate add-on at a cost of $20 or more per user per month and potentially boosting Gemini usage among ... Read more ›
0
I’ve been binging Hulu’s new reality TV series, “The Secret Lives of Mormon Wives,” which follows the lives of eight young TikTok-famous Mormon moms who get caught up in a scandal where some of them hooked up with each other’s husbands.Even though that drama played out in real time on TikTok two years ago, the show has become a huge hit. Hulu announced it was the streamer’s most-watched premiere of... Read more ›
0
Stitch Fix shares dove 18% in after-hours trading Tuesday, after the online styling service said that revenue fell for a third straight year and CEO Matt Baer said it could take the company until 2026 to restart growth. For its most recent fiscal year, which ended Aug. 3, Stitch Fix reported ... Read more ›
0
Caroline Ellison, 29, a key prosecution witness in the fraud trial of FTX founder Sam Bankman-Fried, was sentenced to two years in prison on Tuesday for her role in the collapse of the crypto currency exchange. U.S. District Judge Lewis Kaplan praised her “remarkable” cooperation during the ... Read more ›
1
Google CEO Sundar Pichai said the artificial intelligence boom is “challenging” to the company’s carbon emissions goal. Speaking at a Carnegie Mellon University event last week, Pichai said Google made a commitment to operate with carbon-free energy by 2030, but that goal was set before the “ ... Read more ›
0
The Justice Department sued Visa on Tuesday alleging the company used its dominant market power to stifle competitors and illegally monopolize debit card payments. Visa, which controls roughly two-thirds of U.S. debit transactions and generates $7 billion in annual fees on debit cards, imposed ... Read more ›
0
Private equity firms Blackstone and Vista Equity Partners are set to buy publicly traded enterprise software firm SmartSheet for $8.4 billion in cash, in what would be one of the largest tech acquisitions of the year, SmartSheet said in a statement Tuesday. The purchase price of $56.50 per share ... Read more ›
0
TikTok is shutting down its music streaming app TikTok Music on November 28, according to a notice on its website. The service wasn’t available in the U.S., but in other countries including Indonesia, Brazil and Australia. The company said users’ account information and ... Read more ›
0
Microsoft will spend $1.3 billion in Mexico over the next three years on data centers to support demand for artificial intelligence, as well as AI-related training programs in the country, CEO Satya Nadella said on Tuesday during an event in Mexico City. The announcement follows Microsoft’s ... Read more ›
0
In case you missed it, my colleagues broke news yesterday about Anthropic’s attempt to draft off OpenAI’s pending fundraising, by looking to do its own funding round. Like OpenAI, Anthropic wants to double its valuation. Whether it can do so despite weaker financials remains to be seen! On to today’s issue… It’s been a while since Microsoft told the world anything about its development of generative artificial intelligence that could... Read more ›
36
Helping artificial intelligence companies improve the accuracy of their large language models is turning into a giant business for Scale AI, which labels data for big AI developers like Meta Platforms and Google. Scale nearly quadrupled its sales to almost $400 million in the first half of the year compared with the same period last year, according to people familiar with the figures. Scale is among the privately held firms... Read more ›
14
Over the last two years, it’s felt like investors have poured money into any startup with dot-ai in its domain name. In 2023 alone, artificial intelligence funding topped $189 billion. But with hundreds of new AI startups launching each year, it can be difficult for investors to distinguish a true unicorn from a flash in the pan. As part of The Information’s San Francisco AI Summit, Laura Mandaro, managing editor... Read more ›
0
There’s no doubt that artificial intelligence has already changed the business world. But there are other areas where it has been utterly transformative. One of those areas is health and medicine. As part of the Information’s recent San Francisco AI Summit, reporter Natasha Mascarenhas sat down to discuss the current state of AI in healthcare with three luminaries whose work is synergistic: Ayman AlAbdallah, partner, Mubadala Capital Michael Mager, co-founder... Read more ›
0
Most popular sources
Business Insider
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25% 9 |
Wired
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11% 5 |
Tom's Hardware
|
8% 6 |
Mashable
|
8% 4 |
MacRumors
|
5% 4 |
| View sources » | |
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14.11.2025 11:27
Last update: 11:21 EDT.
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