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
Crypto exchange Coinbase is adding three members to its board, expanding its size to ten directors, as it brings in legal and political heavyweights. They are Chris Lehane, vice president of public works at OpenAI and operating partner at Haun Ventures who was a former Bill Clinton ... Read more ›
1
Reddit has a new content and ad revenue-sharing program that it launched with sports leagues including the NFL, the NBA and NASCAR, as we reported earlier this week. The way it works is straightforward: Leagues post videos and other content on Reddit. Advertisers can buy ads against that content and the leagues and Reddit share the ad revenue. YouTube has long had a similar program, extending beyond sports leagues to... Read more ›
0
Tesla CEO Elon Musk said he will ask the company’s board of directors to consider investing $5 billion in xAI, his artificial intelligence company. Musk posted a note on X, the social network formerly known as Twitter that he controls, after more than two-thirds of ... Read more ›
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OpenAI announced the prototype of its AI-powered search engine, dubbed “SearchGPT,” the company said in a blog post on Thursday. SearchGPT will provide answers in natural language in response to user queries, taking into account real-time information from the internet. Its responses will ... Read more ›
0
Democrats with power and money in California are in a Kamala mood. Reid Hoffman, billionaire venture capitalist, has already shifted his attention as a top Joe Biden fundraiser to bringing in cash for the person who has replaced Biden as the Democratic presidential candidate: Vice President Kamala Harris, a Golden State native who was previously a California senator, state attorney general and San Francisco’s district attorney. “She combines California—understanding the... Read more ›
0
Silicon Valley’s success has spawned some pernicious myths, most notably the glorification of the lone entrepreneur working in a garage, unfettered by government oversight. A closely related myth holds that regulation always jeopardizes innovation and technological progress, because government can’t wisely oversee technological change. It’s an attractive story, but it’s not true. From the earliest days of the semiconductor industry to the rise of the internet, public sector support for... Read more ›
0
Summer Fridays, a makeup and skincare brand founded by social media influencers Marianna Hewitt and Lauren Ireland, has received an investment from private equity firm TSG Consumer Partners, the companies said Thursday. Terms of the deal weren’t disclosed. One of the company’s main backers, ... Read more ›
0
A group of lawmakers has called on Meta Platforms CEO Mark Zuckerberg to delay until after the election the planned closure of CrowdTangle, a company-owned tool used by researchers and journalists to track what is trending on Meta’s apps. Meta had previously said it planed to shutter ... Read more ›
0
In April this year, OpenAI CEO Sam Altman was asked during a talk at Stanford University about our report that his company had lost more than $500 million in 2022, just as it was releasing ChatGPT, and whether he was generally concerned about losses. His answer: "Whether we burn $500 million a year or $5 billion or $50 billion, I don't care. I genuinely don't. As long as we stay... Read more ›
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In the spring of 2021, Snap leapt into action. After the teenage son of a television host died from what his parents said were fentanyl-laced Xanax pills purchased on Snapchat—Snap’s social media app—the company declared a “code red,” an expression it uses for its highest-priority projects, according to two people working at the company at the time. The company, whose business was then in the midst of a pandemic boom,... Read more ›
0
Silicon Valley law firm Cooley has hired David Wang as its first chief innovation officer to help the firm adapt to shifts in the legal industry set off by artificial intelligence and beyond. Wang, who held the same role at rival Wilson Sonsini Goodrich & Rosati, will start next month. ... Read more ›
5
ServiceNow’s second quarter revenue grew 22%, boosted by the company’s generative artificial intelligence business. The software maker said it expects subscription revenue—the majority of its revenue—to grow 22% in 2024, half a percentage point faster than it expected in April. Shares rose 7% ... Read more ›
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Tech investors often embody the distracted boyfriend meme—the stock image where a man looks back admiringly at another woman, to the horror of his girlfriend. In that same vein, investors are always looking for the next hot thing. Companies working on earlier iterations of artificial intelligence technology, like machine learning, must have felt like the forgotten girlfriend as generative AI and all the infrastructure powering it understandably distracted investors looking... Read more ›
0
The NBA is rejecting Warner Bros. Discovery’s proposal to match one of its new NBA rights deals, which is setting the stage for a legal dispute between the league and one of its longest broadcasting partners. In a statement, the NBA said WBD’s proposal did not match the terms that the ... Read more ›
0
The NBA announced $77 billion in new TV and streaming rights deals with Disney’s ESPN, Comcast’s NBCUniversal and Amazon, significantly reshaping how games from one of the most popular sports leagues will be watched by fans starting with the 2025 season. The new 11-year deals, which will run ... Read more ›
0
Fan fiction that riffs on beloved stories has long been popular with readers who can’t get enough of their favorite writers. Now, a Khosla Ventures-backed startup is trying to make it even easier for readers to satisfy their appetite.Inkitt, a startup that lets writers self-publish books and uses artificial intelligence to edit, distribute and sell the most promising works on its Galatea app, this week unveiled a new generative AI... Read more ›
0
The NBA is rejecting Warner Bros. Discovery’s proposal to match one of its new NBA rights deals, which could potentially set the stage for a legal dispute between the league and one of its longest broadcasting partners. In a statement, the NBA said WBD’s proposal did not match the terms that the ... Read more ›
0
Around the start of the year, Anthropic projected it would burn more than $2.7 billion in 2024 as it developed new conversational artificial intelligence, The Information reported. Valued at $18 billion in a March financing, the OpenAI rival projected about $800 million in annualized revenue, or ... Read more ›
0
Seven data scientists from the University of California, Berkeley, founded Databricks in 2013 to build a business around open-source software for data storage and analysis. As the company nears a possible initial public offering 11 years later, Databricks can boast a rare feat for startups its age: Nearly all of its co-founders still work there. The tight-knit founding team includes CEO Ali Ghodsi, who meets weekly with four of his... Read more ›
0
Nvidia has a new workaround to U.S. export rules that block the sale of the most advanced artificial intelligence chips to China—pairing the chips with a special server. The company will next year launch a new AI chip specially tailored for the Chinese market that will be sold alongside a new server designed to maximize the performance of the chip, according to two people involved in developing the server. While... Read more ›
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Most popular sources
Business Insider
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30% 4 |
Tom's Hardware
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13% 4 |
Vox
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8% 4 |
CNET
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7% 4 |
Gizmodo
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6% 0 |
| View sources » | |
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15.11.2025 17:22
Last update: 17:00 EDT.
News rating updated: 00:12.
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