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 on Thursday released a first version of its highly anticipated Strawberry artificial intelligence that aims to reason through complex problems just as it raises up to $7 billion from Thrive Capital and potentially also from a UAE state-backed investment firm, MGX. The model, officially ... Read more ›
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OpenAI has told investors it may try to raise as much as $7 billion in a massive fundraising round that would value it at $150 billion. It is in talks with MGX, the $100 billion UAE state backed investment fund, as well as tech and VC investors such as Microsoft and Thrive Capital. A spokesperson for MGX said that “as part of its regular investment mandate, MGX has been continuously... Read more ›
2
Microsoft hired former General Electric CFO Carolina Dybeck Happe as its new chief operations officer, reporting to CEO Satya Nadella, he said in a memo to employees on Thursday. In the newly created role, Happe’s job is to improve Microsoft’s operations to “accelerate our company-wide AI ... Read more ›
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Mastercard said it would acquire cybersecurity firm Recorded Future from private equity and venture capital firm Insight Partners for $2.65 billion, a sizable gain for Insight which acquired the firm in 2019 for $780 million. Mastercard says Recorded Future analyzes data to provide ... Read more ›
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Trading platform eToro will stop offering trading in nearly all types of crypto assets as part of a settlement with the U.S. Securities and Exchange Commission. The settlement comes amid broader SEC scrutiny of retail stock trading apps that offer crypto services. Robinhood, for example, in May ... Read more ›
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Before you get your hands on OpenAI’s Strawberry reasoning model—which we’re told is due out before the end of this week, including a version that will be in the free tier of ChatGPT—noodle on this:Can artificial intelligence kill the enterprise software app industry that’s led by companies such as Salesforce and Workday?That’s the trillion-dollar question at the heart of recent comments from the CEO of Klarna, Sebastian Siemiatkowski, who’s made... Read more ›
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Warner Bros. Discovery and cable-broadband giant Charter Communications struck a deal to extend Charter’s carriage of WBD’s cable channels, such as TNT, CNN, TBS and Discovery, while also including WBD’s streaming services for certain Charter cable customers at no extra cost. ... Read more ›
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Microsoft is laying off 650 people in its Xbox gaming unit, Xbox CEO Phil Spencer said in a memo to staff on Thursday. The cuts will primarily affect roles in “corporate and supporting functions” and Microsoft is not closing any of its game studios or scaling down production of any games or ... Read more ›
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Grabbing attention is in GoDaddy’s DNA. The web domain hosting company that skyrocketed to widespread fame in the 2010s with a series of provocative Super Bowl ads is having another moment in the limelight, this time with Wall Street investors. After stagnating at the same level for five years, GoDaddy shares doubled between last November and last month. The rally was sparked by the company’s third-quarter 2023 report that its... Read more ›
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Mistral released Pixtral 12B, the French startup’s first artificial intelligence model capable of taking in images as well as text, on Wednesday. The release follows similar multimodal models from rivals Anthropic, Google and OpenAI. Meta is also working on vision capabilities for its ... Read more ›
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Here’s a quiz: What vital digital resource are we consuming as though it was water, apparently unaware that supply is finite? I’m not talking about electricity (well, not today), but wireless spectrum, the airwaves telephone giants use for cellular services like 5G. You know, the service we only pay attention to when it doesn’t work.Here’s a fascinating statistic: The amount of data transmitted over cellular phone networks (that doesn’t include... Read more ›
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Demand for Nvidia’s artificial intelligence chips is so high that the company’s relationships with its largest customers have been getting “really tense,” CEO Jensen Huang said at a Goldman Sachs technology conference in San Francisco on Wednesday. “Delivery of our components and our technology ... Read more ›
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I’ll be in Washington on Monday, when TikTok’s legal team will argue that a new law that could shut down the app in January is an infringement on Americans’ freedom of speech. Even as the deadline to this ban gets closer, I’ve been surprised by how unfazed many people, from TikTok staff to the company’s business partners and creators, have been about the situation.That’s because this has been a perennial... Read more ›
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Model developer OpenAI is in talks to raise $6.5 billion in new funding at a pre-investment valuation of $150 billion, according to Bloomberg. The ChatGPT maker is also in talks to raise an additional $5 billion in debt from banks in the form of a revolving credit facility, the report said. It ... Read more ›
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I set up a Google Alert on my name so long ago that I’d almost forgotten about it. It occasionally sends me stories about people in faraway places who share my first and last names. But the alert I received in mid-August was different. When I opened the email, I realized that this was really about me: My work had been referenced in a class action lawsuit against Anthropic, a... Read more ›
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If an artificial intelligence developer doesn't have a cluster of 100,000 Nvidia H100 server chips for training large language models, do they even exist?All kidding aside, the AI data center race is in full swing as the six or so richest developers and cloud providers seemingly try to one-up each other on a weekly basis in terms of the size of their upcoming clusters. We've learned that Meta Platforms is... Read more ›
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Amazon Web Services said Wednesday that it will spend about $10.5 billion over the next five years to expand its cloud infrastructure in the United Kingdom, the latest in a series of international spending commitments by the cloud giant. AWS said in a statement that the investments would grow ... Read more ›
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Bitcoin prices and shares in crypto exchange Coinbase fell after the presidential debate between Donald Trump and Kamala Harris on Tuesday night, as traders see a higher chance of Harris winning the U.S. 2024 presidential election. Bitcoin fell 3% to $55,795 and Coinbase shares fell 4.8% to $150 ... Read more ›
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Despite Nvidia’s booming growth in selling data center chips for artificial intelligence, some customers developing AI are turning to chips from smaller rival Advanced Micro Devices, said Karan Batta, a senior executive in Oracle’s cloud business. Oracle rents out chips from both companies. “What we’re finding now is customers are not necessarily tied to any one particular vendor for inferencing,” Batta said. Inference computing refers to AI that has already... Read more ›
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Vice President Kamala Harris attacked former president Donald Trump over his administration’s record on chip exports during Tuesday’s presidential debate, arguing that Trump “ended up selling American chips to China to help them modernize their military.” Harris advocated “investing in ... Read more ›
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Most popular sources
Business Insider
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27% 3 |
Wired
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14% 7 |
Tom's Hardware
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10% 5 |
Gizmodo
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5% 1 |
Mashable
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5% 0 |
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14.11.2025 18:35
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