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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Uber reported sharply higher operating income of nearly $800 million in the second quarter, as revenue rose 16% to $10.7 billion, the ride-hailing and food delivery firm said Tuesday. The results show Uber’s cash generation expanding to $1.7 billion, up 51% on a year earlier, demonstrating ... Read more ›
0
Klarna, the Swedish “buy now, pay later” firm, has been preparing what would be one of next year’s first big tech initial public offerings. First it wants to see if investors think it’s worth more than the roughly $7 billion valuation awarded during its last fundraising. The Sequoia Capital–backed startup has been in preliminary discussions with investment firms about their interest in buying shares held by existing shareholders, said a... Read more ›
1
A federal judge ruled on Monday that Google had acted illegally to maintain a monopoly in search and text-based advertising in search results, marking a major victory for the U.S. Department of Justice. The ruling by Amit Mehta of the U.S. District Court for the District of Columbia took aim at ... Read more ›
0
OpenAI President Greg Brockman is taking an extended leave of absence while the co-head of the startup’s post-training group, John Schulman, is departing to Anthropic in the latest of many personnel changes at the ChatGPT developer this year, The Information first reported on Monday. Both ... Read more ›
0
OpenAI President Greg Brockman is taking an extended leave of absence while the co-head of the startup’s post-training group, John Schulman, is departing to Anthropic in the latest of many personnel changes at the ChatGPT developer this year, The Information first reported on Monday. ... Read more ›
0
Tesla CEO Elon Musk sued OpenAI in federal court, alleging the ChatGPT-maker and two of its founders, Sam Altman and Greg Brockman, engaged in fraud, false advertising and breach of contract when they started a for-profit unit of the nonprofit Musk had backed. The suit follows a similar lawsuit ... Read more ›
0
Nvidia shares dropped 6% Monday after The Information reported that the company’s upcoming artificial intelligence chips are facing production delays by at least three months due to design flaws. Nvidia’s share price has fallen nearly 26% from the height of June 18, when it briefly ... Read more ›
0
Billionaire Michael Moritz, the former Sequoia Capital partner, became the latest Silicon Valley investor to criticize his peers’ support of Donald Trump on Monday with a Financial Times op-ed that likened their actions to supporting a dictator. “The Trump supporters in Silicon Valley ... Read more ›
0
Greg Brockman, OpenAI’s president and one of 11 cofounders of the artificial intelligence firm, is taking an extended leave of absence. Another cofounder and key leader, John Schulman, has decamped to Anthropic, a fierce rival founded by ex-OpenAI researchers. And Peter Deng, a product leader who joined the company last year after leading products at Meta Platforms, Uber and Airtable, has also left, according to a person with direct knowledge... Read more ›
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Antitrust regulators don’t scare big tech investors. Stock of Google’s parent Alphabet fell by only a couple of percentage points after a judge found Google had broken antitrust laws in its efforts to protect its monopoly in search. Shares of Apple, which arguably stands to lose as much from the ruling as Google, fell even less. (Both stocks fell nearly 5% during the day’s regular trading, amid a broad market... Read more ›
0
As Google faces repercussions from a landmark federal ruling declaring its search engine an illegal monopoly, Microsoft, another dominant tech firm, stands to benefit at Google's expense. After the ruling, several senior managers at Microsoft’s Bing search engine privately voiced their excitement at the possibility that Bing could replace Google as the default search provider for Apple. Judge Amit Mehta on Monday said Google’s deals to be the default search... Read more ›
5
CrowdStrike “strongly rejects” the claim that the cybersecurity company is to blame for Delta’s flight cancellations as a result of the July CrowdStrike-Microsoft outage, the cybersecurity company said in a letter Sunday. Last week, Delta CEO Ed Bastian told CNBC that Delta had “no choice” but ... Read more ›
0
A YouTube creator filed a complaint on Friday alleging that OpenAI transcribed his and other creators’ videos to train the large language models that power its generative AI products and its AI chatbot ChatGPT, without creators’ permission or without compensating them. David Millette, a YouTube ... Read more ›
0
A federal judge ruled on Monday that Google had acted illegally to maintain a monopoly in search and text-based advertising in search results, marking a major victory for the U.S. Department of Justice. The ruling by Amit Mehta of the U.S. District Court for the District of Columbia took aim at ... Read more ›
0
TikTok agreed to permanently withdraw the rewards offering of its standalone TikTok Lite app in order to comply with the European Union’s Digital Services Act. The European Commission expressed concerns about the new app’s “Task and Reward Program,” which offered points that could be redeemed ... Read more ›
15
Groq, an Nvidia challenger that develops chips specialized for running large language models, raised $640 million in Series D funding at a valuation of $2.8 billion, the company announced on Monday. Funds managed by BlackRock through its Private Equity Partners team led the fundraising, with ... Read more ›
0
Morgan Stanley on Friday told its roughly 15,000 financial advisers that they are allowed to pitch wealthy clients on investing in two bitcoin exchange-traded funds starting next Wednesday, according to a person familiar with the policy. The two funds are BlackRock’s iShares Bitcoin Trust ... Read more ›
0
Thrive Capital, the New York-based venture capital firm led by Josh Kushner, has raised $5 billion across two new funds, its largest haul yet, The Wall Street Journal earlier reported. Thrive’s portfolio includes large stakes in Stripe and OpenAI. Recently, the firm made an investment ... Read more ›
0
Google may have just paid one of the biggest signing bonuses in the history of Silicon Valley to hire two artificial intelligence researchers who left the search giant three years ago. On Friday, after chatbot developer Character announced that its founders and some other employees were going back to Google, Character told its roughly 130 employees that Google would pay a licensing fee (ostensibly for Character’s technology) that effectively valued... Read more ›
0
Carta, which makes software to help companies keep track of their shareholders, seemed to be executing the Silicon Valley startup playbook perfectly. In 2022, it landed an $8 billion valuation from the likes of Andreessen Horowitz and Silver Lake. Growth in annual recurring revenue hummed to 44% that year. Then the tides turned. Carta’s ARR grew by only 19% annually at the end of last year, to $380 million, according... Read more ›
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Most popular sources
Business Insider
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28% 2 |
Gizmodo
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11% 7 |
Financial Times
|
6% 5 |
Android Authority
|
6% 4 |
Vox
|
6% 1 |
| View sources » | |
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15.11.2025 11:01
Last update: 10:55 EDT.
News rating updated: 17:52.
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