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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Typically when something bad happens to the founder of a highly valued private tech startup, the venture investors are at the front lines of the fallout—and in some cases can influence the outcome. I know this from reporting on FTX’s collapse (a wipeout for investors like Sequoia Capital and Paradigm) and then the firing of OpenAI CEO Sam Altman, when VC investors threatened to sue if he didn’t return. But... Read more ›
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It’s been a tumultuous year for TikTok employees, between a looming potential ban of the app in the U.S. to its first widespread layoffs earlier this year. Those changes have included the departures of long-time staff and senior leaders.The latest: Nicole Iacopetti, head of content strategy and policy, is leaving the company effective September 6, according to a note sent to some staff from TikTok’s head of operations Adam Presser. Read more ›
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Shares of Super Micro, a major seller of servers powered by Nvidia artificial intelligence chips, fell 2.5% Tuesday after a notorious short seller alleged the company had manipulated its books. Hindenburg Research, which previously went after billionaire Carl Icahn and electric vehicle firm ... Read more ›
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The Amazon-owned podcast network Wondery has acquired the ‘New Heights’ podcast, hosted by Travis and Jason Kelce, in a $100 million deal, according to Variety. The deal gives Amazon exclusive ad-sales and distribution rights to the popular sports talk show. Travis Kelce, a tight end for ... Read more ›
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Meta Platforms is shutting Spark, its platform for businesses and creators to build augmented reality effects for Meta’s apps, the company said in a blog post Tuesday. Spark, which was launched in 2017, will be shut on January 14, 2025. Afterward, AR effects created and owned by third parties ... Read more ›
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Meta Platforms CEO Mark Zuckerberg said the Biden administration pressured Meta to remove posts related to Covid-19 and he regrets that Meta was not more outspoken about it. In a letter to the House Judiciary Committee Chairman Jim Jordan Monday, Zuckerberg said the government in 2021 “ ... Read more ›
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In case you were wondering why Sam Altman cryptically posted a picture of strawberries earlier this month, the answer almost certainly has to do with Strawberry, a mysterious technical breakthrough that could help OpenAI’s models complete complex tasks such as math problems that conversational AI has traditionally struggled with. (If this sounds familiar, it’s likely because Strawberry was previously called Q*.)Why is Altman being so cheeky? Probably because the word... Read more ›
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As OpenAI looks to raise more capital, its researchers are trying to launch a new artificial intelligence product they believe can reason through tough problems much better than its existing AI. Researchers have aimed to launch the new AI, code-named Strawberry (previously called Q*, pronounced Q Star), as part of a chatbot—possibly within ChatGPT—as soon as this fall, said two people who have been involved in the effort. Strawberry can... Read more ›
205
Elon Musk on Monday said he supported proposed California legislation to regulate artificial intelligence, becoming one of the few tech CEOs to publicly back the bill. His support contrasts with his frequent criticisms of government overreach. “This is a tough call and will make some people ... Read more ›
0
There’s nothing like a billionaire’s arrest as they get off their private jet to alarm other rich people. The apprehension of Telegram founder Pavel Durov by French police as he deplaned over the weekend has more than a few techies worked up, particularly Elon Musk and other like-minded folks. Their message: This is a threat to free speech.Well, maybe. But the response from French authorities hinted that the issue was... Read more ›
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The recent arrest of Telegram CEO Pavel Durov is “part of an ongoing judicial investigation,” French President Emmanuel Macron said on X Monday. The case concerns a “person unnamed”, according to French prosecutors, who is suspected of crimes related to child pornography, drug dealing, and money ... Read more ›
0
G Squared raised just over $1 billion to primarily purchase existing shares of startups from employees or other investors. This will be the firm’s sixth fund and is roughly the same size as its last. The Chicago-based venture capital firm will invest 70 to 80% of the fund’s money in secondary ... Read more ›
2
Luca Maestri, who has been Chief Financial Officer of Apple for a decade, will step down at the end of the year. He’ll be succeeded by Kevan Parekh, the vice president of financial planning and analysis, Apple said. Maestri isn’t leaving, however. He will “continue to lead the ... Read more ›
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Toncoin, the token of The Open Network, a blockchain integrated with Telegram, fell after Telegram CEO Pavel Durov was detained in France on Saturday over claims that messaging service failed to crack down on crime on the app. The price of Toncoin, or TON, plunged 20% on Saturday before paring ... Read more ›
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Shares of Temu parent company PDD Holdings fell nearly 25% in morning trading Monday after the Chinese e-commerce giant warned that revenue growth would slow amid mounting competition. The company reported revenue of $13.36 billion for the second quarter, which represented an 86% increase from a ... Read more ›
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Dozens of former artificial intelligence researchers from Google who struck out on their own are learning that startups are tricky.The latest example is French AI agent developer H, which lost three of its five cofounders (four of whom are ex-Googlers) just months after announcing they had raised $220 million from investors in a “seed” round, as our colleagues reported Friday. The founders had “operational and business disagreements,” one of them... Read more ›
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In the nearly one year since Instacart went public, it has had an unlikely cheerleader: Uber CEO Dara Khosrowshahi. He extolled his grocery-delivery rival’s “very strong advertising product” at an investor conference in March. He admired Instacart's “very high quality” suburban customer base in comments made after Uber and Instacart struck a restaurant delivery partnership a month later. So far, that partnership has been “an excellent one,” he said on... Read more ›
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IBM is shutting down its research and development operations in China, and the company plans to expand its R&D teams in other places such as India, The Wall Street Journal reported. The move, which will affect more than 1,000 China-based employees, comes at a time when some U.S. companies ... Read more ›
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French authorities have arrested the billionaire founder of the Telegram messaging app near Paris, according to Reuters, which cited French television reports. Pavel Durov, who had been traveling by private jet, was arrested at Bourget airport near Paris, TF1 TV and BFM TV reported, according to ... Read more ›
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This week, The Information's Co-Executive Editor Martin Peers was announced as a winner of a Loeb award—one of the highest honors in business journalism—for his career in editing. The Loeb Foundation asked The Information to write an article about Martin's impact on the industry. We were delighted to do so and hope you enjoy it. As a young reporter in Australia in the 1980s, Martin Peers covered crime in Tasmania,... Read more ›
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Business Insider
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Wired
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16% 9 |
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10% 6 |
Vox
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6% 5 |
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5% 1 |
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14.11.2025 23:12
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