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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We’ve got a trio of creator economy scoops for you today, so let’s get right to it. Creator+, a startup producing and streaming films for creators, has been acquired by Petra Media, a film production company that previously invested in the startup, according to a person familiar with the deal. The terms of its sale couldn’t be learned. Creator+ last raised $12 million at a $45 million valuation in 2021,... Read more ›
0
Media mogul Edgar Bronfman Jr. is preparing to make a bid for Paramount Global and its parent company National Amusements, according to multiple media reports. The executive, who formerly ran Warner Music, is seeking to put together a disparate group of investors for the bid including Fortress ... Read more ›
0
Disney has hired Adam Smith, a longtime Google and YouTube executive, as its new Chief Product and Technology Officer, overseeing both Disney’s entertainment division and ESPN. Smith will be responsible for tech development and strategy for Disney’s streaming services, advertising technology and ... Read more ›
5
SoftBank talked to Intel about producing artificial intelligence chips, but the talks broke down because the U.S. chip giant did not meet SoftBank’s demands, according to a report in The Financial Times. SoftBank wanted to use Intel’s chip manufacturing unit, Intel Foundry, to manufacture AI ... Read more ›
0
Over the past several months, Character.AI seemed to talk to every big tech company about some sort of partnership or acquisition. In the end, its cofounders, Noam Shazeer and Daniel De Freitas, and some researchers landed at Google. But Character had another previously unmentioned suitor: OpenAI. Read more ›
0
Alibaba Group’s net profit fell 27% in the quarter through June, as revenue from its commerce operations for consumers in China declined. The e-commerce giant, whose marketplaces charge sellers for marketing and other services, said revenue from its “China commerce ... Read more ›
0
The ad industry’s annual Cannes Lions festival in June is an occasion for the entire media and ad industry to gather together at parties, on yachts, at beach clubs and in private cliffside villas. Outsiders may wonder whether any real work gets done, which seemed to be a question Netflix’s new ad president, Amy Reinhard—a newcomer to the ad industry—had when she attended this past June. At one point during... Read more ›
0
Meta Platforms has shut down CrowdTangle, its social media analysis tool that researchers and journalists used to track engagement with trending posts, according to a Wednesday blog post. The tool had become a source of tension within the company after journalists used it to point out that some ... Read more ›
0
Who says investors don’t care about Google’s antitrust woes? The stock dropped as much as 3.9% on Wednesday in the wake of reports that the government might seek “a breakup” of the company as the penalty for last week’s antitrust verdict, most likely through the forced divestiture of Android or Chrome.Those reports shouldn’t have been surprising: in a report last Friday, we cited antitrust lawyers predicting that the government would... Read more ›
0
Elon Musk’s AI company xAI released its latest language model, Grok-2, to paying users of X, the social media platform. Users took advantage of the model’s permissive content filter to share images of politicians and copyrighted characters in sexually explicit or violent situations, which many ... Read more ›
7
Former Google CEO Eric Schmidt recanted his comments that Google’s work-life balance and remote work policy put the company behind rivals like OpenAI, after video of the remarks went viral. Schmidt told The Wall Street Journal that he “misspoke.” Schmidt had originally told a Stanford University ... Read more ›
0
Cisco will lay off 7% of its workforce in the coming months, the company said on Wednesday, as it reported a decline in sales. The company said it will spend roughly $1 billion on severance as it lays off employees. Cisco didn’t disclose which parts of its business would be most affected, but ... Read more ›
0
I spent Wednesday at the White House’s first Creator Economy Conference, which gathered 100 people including social media influencers, talent managers and startup founders and featured a surprise appearance from President Joe Biden. Biden spoke for about 30 minutes, cracking several jokes about his age and quipping that he invited creators to the White House because he’s “looking for a job.” Read more ›
0
Radical Ventures, an artificial intelligence-focused venture capital firm, has raised almost $800 million for a new fund, according to Bloomberg, which first reported the news. Radical Ventures was an early backer of model maker Cohere, recently valued at $5.5 billion. Radical’s new fund will ... Read more ›
1
Human resources software firm Rippling raised $200 million from investors in April with a pitch that its ability to help companies manage employee data could also help them manage their computers, payroll and corporate credit cards. CEO Parker Conrad hopes to appeal to businesses that want to deal with fewer software systems. Rippling also is expanding internationally, most notably in India, where it recently hired Mrinal Chatterjee, a veteran of... Read more ›
0
Some call them plagiarism bots, while others see them as a new capital asset that will change economies and societies. Some call them stupid, while others believe it’s stupid not to recognize their full potential. So what’s the right way to think about large language models? The Information asked its readers how they view LLMs, or computational models driven by machine-learning algorithms. The report below summarizes the results of a... Read more ›
0
In tech, hype can only carry you so far. That’s one lesson from Google’s new product presentation on Tuesday, when it announced a flurry of updates to its devices that competitors like Apple and OpenAI have been talking about (but not shipping) for months.First, Google beat its rivals to launching an AI-powered voice assistant that’s flexible enough to handle interruptions and sudden topic changes from users. OpenAI only started letting... Read more ›
0
Chinese tech giant Tencent’s net profit jumped 82% in the second quarter, thanks to growing advertising sales and a recovery in its videogame business in China. Tencent, which operates WeChat, said its revenue rose 8% in the quarter. Revenue from advertising rose 19%, driven mainly by ... Read more ›
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Cybersecurity startup Wiz recently turned down a $23 billion acquisition offer from Google to pursue an initial public offering. But the startup faces a major hurdle in that effort: It needs to hire a chief financial officer first, and so far it hasn’t been able to find the right person, said people familiar with the company. As a result, Wiz likely won’t go public until 2026 at the earliest, one... Read more ›
6
Intel Corp sold all of its 1.18 million share stake in British chip designer ARM Holdings, according to a regulatory filing on Tuesday, as the Santa Clara, Calif.-based company strives to turn around its businesses. Intel’s stake in ARM was valued at $147 million as of the end of March, when the ... Read more ›
0
Most popular sources
Business Insider
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26% 4 |
Wired
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18% 12 |
Gizmodo
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8% 4 |
Vox
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6% 5 |
Eurogamer.net
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6% 3 |
| View sources » | |
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15.11.2025 06:53
Last update: 06:45 EDT.
News rating updated: 13:41.
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