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
OpenAI said Thursday it has appointed Zico Kolter, a professor and director of the machine learning department at Carnegie Mellon University, to its board of directors. Kolter will also join the board’s safety and security committee, which is responsible for making recommendations on safety and ... Read more ›
0
Global venture funding reached $23 billion last month, up 20% compared to July 2023, according to Crunchbase data. Judging from the numerous funding announcements that arrived in my inbox this morning, those increases look poised to continue. However, investors are wary a recession could hamper the turnaround.First the positives: Anduril just announced a new round of $1.5 billion at a $14 billion valuation including the investment, confirming Natasha’s scoop earlier... Read more ›
8
A group of top crypto executives talked with White House officials along with an advisor to Vice President Kamala Harris on a conference call on Thursday, giving their input as the Democratic presidential candidate formulates her policy stance on crypto issues. Industry executives outlined their ... Read more ›
0
TikTok over the last year has been encouraging more creators to livestream, where they can sell products or earn digital gifts that convert to cash. To beef up its European business, it’s been trying to build out its payments functions. But these efforts have hit some snags. Earlier this year its parent ByteDance withdrew an application for a Irish payments license, according to two people involved in the negotiations. The... Read more ›
0
Paramount Global wrote down the value of its business by $6 billion in the second quarter, the entertainment company reported on Thursday, following the lead of Warner Bros. Discovery which took a $9 billion writedown on its TV network businesses earlier this week. The writedown follows ... Read more ›
0
The U.K.’s antitrust regulator said on Thursday it launched a formal inquiry into Amazon’s $4 billion investment in the artificial intelligence startup Anthropic. The Competition and Markets Authority said it had “sufficient information” about Amazon and Anthropic’s relationship to begin an ... Read more ›
0
Warby Parker reported 13.3% higher revenues of $188.2 million, helping it boost profit before interest, taxes, depreciation and amortization by 38% to $19.6 million. After a pandemic-era surge in growth, the eyewear maker’s revenue growth has hovered around the 12-13% level, depending on the ... Read more ›
0
Amazon’s e-commerce business is huge but slow-growing, while shopping on social media has been taking off. That’s prompted Amazon to look for ways to team up with popular social media apps. It’s finally landed a key partner, TikTok, an Amazon spokesperson confirmed, which will enable TikTok users to buy items from Amazon advertisements without leaving the TikTok app. Amazon also recently struck a similar arrangement with Pinterest, which has long... Read more ›
0
For almost the entire time since DoorDash went public in late 2020 the restaurant-delivery service has traded at a premium valuation to Uber. Lately the gap between the two stocks has nearly closed, although the much bigger ride-hailing and delivery firm remains the underdog of the pair. While that made sense early on, when the pandemic blitzed Uber’s ride-hailing business and turbocharged DoorDash's service, things have changed. Uber's ride-hailing revenue... Read more ›
0
The Federal Reserve Board announced an enforcement action against Customers Bank after identifying “significant deficiencies” related to its risk management and compliance with anti-money laundering rules for its services for crypto clients. After Silvergate Bank and Signature Bank closed last ... Read more ›
0
Google worked on a “marketing project” with Meta Platforms that allowed Meta’s Instagram to target teenagers with ads, effectively circumventing Google’s own policies against advertising to children, according to the Financial Times. The ads, which were designed to promote Instagram to 13- to ... Read more ›
0
One of the newest entrants in the race to develop artificial intelligence that can reason through problems is about to raise a bunch more money. Harmonic, a startup cofounded last year by Robinhood CEO Vlad Tenev and self-driving vehicle entrepreneur Tudor Achim, has been in talks to raise funding from investors including Sequoia Capital and Index Ventures, according to an investor at a firm that has considered investing and a... Read more ›
0
Snowflake had been riding high before the artificial intelligence boom. But questions about the usefulness of its data management products for AI developers—a growing source of revenue for rivals like Databricks—and a broader pullback in business software spending have sent its stock plummeting 42% so far this year. Now, in an effort to jump-start slowing revenue growth, Snowflake is discussing a partnership with Canadian AI model developer Cohere that would... Read more ›
38
A group of venture capitalists who have pledged to support Vice President Kamala Harris in her White House run said late Wednesday they had collectively raised more than $125,000 for a PAC called the Harris Victory Fund. On a web conference call Wednesday, they announced investor Ron Conway had ... Read more ›
0
We’re in unstable times. Today’s stock market action, where a morning rally gave way to an afternoon sell-off, was the latest evidence. There’s surely lots of reasons for this volatility, but uncertainty about the economy has to be top of the list.Some quarterly earnings reports in the past couple of days demonstrated why investors might be uneasy. Disney today sparked alarms among its investors by reporting an unexpected “moderation of... Read more ›
0
Humane, a maker of an artificial intelligence-powered pin, has handled more returns of its $699 device than it sold between May and August, according to The Verge, which cited a source with knowledge of its financial data. Humane’s AI Pin brought in over $9 million in “lifetime sales” but more ... Read more ›
0
If the Paris Olympics has shown us anything, it’s that athletes are going viral for more than winning medals in their sports. American gymnast Stephen Nedoroscik, who became known as “Pommel Horse Guy” after winning two bronze medals at the Games, has incited a social media storm of dad jokes and has caused boys to join gymnastics classes in droves. Similarly, Henrik Christiansen, a Norwegian swimmer, has posted more TikToks... Read more ›
0
Robinhood reported record quarterly revenue of $682 million, up 40% from a year ago, driven by a surge in trading in crypto and equities. Crypto revenue jumped 161% from a year ago to $81 million, while equities revenue rose 60% to $40 million. Net income increased to $188 million, up from $25 ... Read more ›
0
Warner Bros. Discovery wrote down the goodwill value of its TV networks by $9.1 billion, citing uncertainties over its NBA rights and the softness it is seeing in the U.S. TV ad market. The writedown plunged the company into a loss of $10 billion for the quarter, compared with a loss of $1.2 ... Read more ›
0
Meta Platforms is in talks to license its Horizon virtual reality software to Indian technology company Jio, according to three people with knowledge of the situation, the latest sign of how Meta is trying to extend its influence in VR and augmented reality beyond its own devices. The talks, which may not lead to a deal, center on Meta providing its Horizon software to power a VR device Jio would... Read more ›
20
Most popular sources
Business Insider
|
28% 4 |
Wired
|
16% 9 |
Gizmodo
|
8% 4 |
Vox
|
7% 4 |
Ars Technica
|
5% 0 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
15.11.2025 08:57
Last update: 08:46 EDT.
News rating updated: 15:53.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.