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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Amazon’s move to make ads within Prime Video the default for customers who don’t pay extra upended the streaming TV advertising market earlier this year. Lately I’ve been hearing more about the repercussions—namely that this surge of ad inventory will hurt TikTok’s ability to win some of the ad dollars slated for TV and streaming services. Advertisers have found themselves awash with tons of new video ad inventory that appears... Read more ›
0
One of the top executives Netflix hired to lead its advertising business is leaving the company. Peter Naylor, Netflix’s vice president of ad sales, came to Netflix in August 2022, a few months before it launched its ad-supported subscription tier. Netflix is now hiring for a head of U.S. and ... Read more ›
0
Even with a dormant market for initial public offerings, shareholders in mature and highly valued startups still have been able to cash out if their startups are growing at a rapid clip. They’ve had the opportunity to sell shares in secondary rounds at fast-growing Figma, Databricks, Canva and Scale AI. Some investors are getting the chance to cash out of Stripe, whose revenue grew 35% in the third quarter, courtesy... Read more ›
0
Mei Cai, who led the team that developed the next-generation battery powering General Motors’ electric vehicles, has resigned, the company confirmed Thursday. The move comes five months after GM hired Kurt Kelty, a Tesla veteran, to run its battery development efforts as vice president of battery. The China-born Cai, a 24-year GM veteran and director of the company’s battery cell systems research, led the team that in a joint venture... Read more ›
5
Netflix’s revenue growth accelerated to 17% in the second quarter, from 15% in the first quarter, as it lifted its subscriber count to 277.65 million, from 269.6 million in the first quarter. But the company forecast that revenue growth would slow to 14% in the third quarter, sending ... Read more ›
0
Last year, as the world’s top artificial intelligence developers were racing to speed up their work using ever-bigger clusters of computers, OpenAI CEO Sam Altman was trying to play a longer game. He decided to start a new company that could develop and produce a new AI chip and help set up chip factories to make them and data centers to house them. His plan has taken numerous twists and... Read more ›
24
OpenAI on Thursday released a smaller, cheaper version of its flagship GPT-4o large language model that could help developers of artificial intelligence apps to cut costs. It could also help lower OpenAI’s own costs of running the AI. OpenAI claimed the new model, GPT-4o mini, outperforms rivals ... Read more ›
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Altimeter Venture Partners, the venture capital affiliate of investment firm Altimeter Capital Management, has raised $552.6 million for its seventh fund, according to a securities filing. The investment vehicle is targeting a $750 million total. Fundraising talks have been occurring since last ... Read more ›
0
Meta Platforms is considering buying a small stake in EssilorLuxottica, the European eyewear giant it currently partners with to make Ray-Ban “smart glasses,” according to the Financial Times. The deal, if it goes ahead, suggests Meta is keen to strengthen its partnership with EssilorLuxottica. ... Read more ›
0
While everyone waits for OpenAI’s next flagship large language model, developers have been eking out more gains from today’s LLMs with some engineering elbow grease, as we covered here. That’s especially true for artificial intelligence-powered coding assistants, which are getting a lot better. Ofir Press, a postdoctoral researcher at Princeton’s Language and Intelligence Initiative, made some of those improvements personally while developing SWE-agent, an open-source coding assistant, and SWE-bench, a... Read more ›
0
Meta Platforms CEO Mark Zuckerberg has canceled the blank check he once reserved for his augmented reality and virtual reality teams. As Meta ramps up its spending on artificial intelligence, company executives have started turning a more skeptical eye on its Reality Labs division, home of AR, VR and Zuckerberg’s former pet project, the metaverse. As a result, Reality Labs’ hardware teams have been asked to cut spending by almost... Read more ›
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Warner Bros. Discovery has discussed splitting in two, by carving off its traditional TV networks from its film studio and streaming businesses, the Financial Times reported. The report says WBD CEO David Zaslav has looked at a range of strategic options, including selling assets. WBD’s stock ... Read more ›
0
No one can accuse President Joe Biden of sucking up to the tech industry as he tries to win reelection. Tech stocks slumped across the board on Wednesday after Bloomberg reported that the Biden administration is considering imposing “the most severe trade restrictions available” on Netherlands-based ASML and Japan’s Tokyo Electron in a new effort to curb China’s access to advanced chipmaking equipment. The report suggests the Biden administration feels... Read more ›
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Meta Platforms won’t release future multimodal AI models in the European Union because of legal concerns over regulation in the region, Axios reports. The Facebook parent company said in a statement to Axios that it will “release a multimodal Llama model over the coming months, but not in the EU ... Read more ›
0
Meta Platforms won’t release future multimodal AI models in the European Union because of legal concerns over regulation in the region, Axios reports. The Facebook parent company said in a statement to Axios that it will “release a multimodal Llama model over the coming months, but not in the EU ... Read more ›
1
Shares of major chip design and hardware providers fell Wednesday after Bloomberg reported that the Biden administration is considering tougher trade restrictions to prevent Chinese companies from developing advanced semiconductors. Federal officials have discussed the plan with allied ... Read more ›
2
Andrew Rea was working as a visual effects artist in 2016 when he decided to film himself cooking a turkey burger depicted in a scene on the sitcom “Parks & Recreation,” which he was watching in the background. That spawned a video series on YouTube called “Binging with Babish,” where he recreated dishes from TV shows and movies. His YouTube channel Babish Culinary Universe now has more than 10 million... Read more ›
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Model developer Anthropic and Menlo Ventures, one of its largest investors, on Wednesday announced the Anthology Fund, a $100 million fund that will invest in pre-seed and Series A startups that use Anthropic’s Claude models. The capital for the Anthology Fund comes from the $1.35 billion ... Read more ›
0
GitLab, which sells a cloud-based code repository for programmers, is exploring a sale after receiving interest from potential buyers including cloud monitoring service Datadog, according to Reuters. Google is another potential buyer. Through its venture capital arm, Google parent Alphabet owns ... Read more ›
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Grayscale, the crypto asset manager under Digital Currency Group, said it launched a new fund that invests in tokens for decentralized artificial intelligence crypto protocols. The fund, called Grayscale Decentralized AI Fund, is only eligible for accredited investors and offers exposure to ... Read more ›
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Most popular sources
Business Insider
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34% 9 |
Tom's Hardware
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15% 7 |
Gizmodo
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6% 0 |
CNET
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6% 3 |
The Verge
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5% 1 |
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15.11.2025 20:52
Last update: 20:40 EDT.
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