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
Prominent venture capitalists are lining up behind Donald Trump’s bid to recapture the White House, but readers of The Information remain solidly behind President Joe Biden. Readers favored Biden by a more than 2-to-1 margin in a survey conducted Tuesday and early Wednesday. Nearly 59% of 2,487 respondents said they plan to vote to reelect Biden, compared with 27% who said they plan to vote for Trump. Roughly 10% of... Read more ›
63
Advertising agency holding giant WPP has named Brian Lesser as the new global CEO of GroupM, the world’s largest ad-buying firm. It marks a return for Lesser, who previously spent 10 years at WPP including as CEO of GroupM in North America from 2015 to 2017. Lesser has been a notable figure for ... Read more ›
18
The NBA’s Board of Governors has approved its new collection of live sports rights deals, the league’s commissioner Adam Silver said during a press conference on Tuesday. The deals could reshape how people watch NBA games for the next decade. (The board includes a representative, often the ... Read more ›
8
A few days ago I grabbed a cup of coffee in San Francisco with Bill Braun, chief information officer of oil giant Chevron, to talk about his company’s spending on new artificial intelligence and Nvidia’s forthcoming AI chips. I came away believing that the conversations happening about AI inside the C-suites of the largest companies are very different from what AI developers think is happening there. Last summer, for instance,... Read more ›
0
U.S. export controls forbid Chinese firms from buying Nvidia’s advanced artificial intelligence chips. But companies in China can still gain access to some of those chips by renting Nvidia-powered servers at data centers outside China from Google, Microsoft and other global firms—underlining a gap in U.S. export rules. Both Google Cloud and Microsoft Azure are offering to rent Nvidia’s AI chips to Chinese companies, including AI startups, for use in... Read more ›
39
Warner Bros. Discovery is laying off employees within its finance, business and production divisions as the company continues to cut costs, according to a report from Deadline. The total number of employees impacted is unclear, though Variety reported that it’s nearly 1,000, including a handful ... Read more ›
0
Marc Andreessen and Ben Horowitz plan to make large donations to political action committees supporting the election of Donald Trump, The Information reported. The venture capitalists, who run Andreessen Horowitz, told employees in recent days that they expect Trump to more lightly regulate ... Read more ›
0
Carlos Watson and Ozy Media were convicted Tuesday by a New York federal jury of conspiracy to commit securities fraud and wire fraud. Watson, who founded the media company in 2013 after working as a television anchor at MSNBC and as an investment banker at Goldman Sachs, was also convicted of ... Read more ›
0
Be careful what you wish for. Many of Silicon Valley’s biggest-name venture capitalists are donating money to Donald Trump this election cycle, including, as The Information scooped today, Marc Andreessen and Ben Horowitz. Venture capitalists aren’t alone—Elon Musk endorsed Donald Trump on Saturday night and is donating $45 million a month to a political action committee backing him through the election, The Wall Street Journal reported.Motives may vary—Andreessen and Horowitz... Read more ›
0
A Tipping Point for Tech’s Trump Support Read more ›
0
Andrej Karpathy, one of the founding members of OpenAI, on Tuesday announced a new artificial intelligence-powered education startup, Eureka Labs. The startup is developing educational content, which will be taught by teachers assisted by AI software. Its first product will be a course on how to ... Read more ›
0
This U.S. election cycle is really shaping up to be one where creators take center stage. More than 100 social media influencers, who post about everything from conservative politics to fitness and gaming, have descended on the Republican National Convention in Milwaukee this week, the first time a major political convention is giving creators access typically reserved for traditional media outlets. Next month, the Democratic National Convention Committee will also... Read more ›
0
Elon Musk said two of his companies, SpaceX and X, will move their headquarters from California to Texas. In posts on X, Musk said he was making the moves in part because California Governor Gavin Newsom signed legislation on Monday that prevents school districts from notifying parents of ... Read more ›
0
A startup that aims to harvest a valuable gas from the moon’s surface and bring it back to Earth by the end of the decade has scored a NASA grant to push its plan forward. The startup, Seattle-based Interlune, said it will use the $346,000 NASA grant to test a critical part of its technology that it will ultimately use to prepare lunar soil, known as regolith, for the extraction... Read more ›
9
While sports fans gear up for the Summer Olympics later this month, artificial intelligence enthusiasts are eagerly anticipating another major event: the July 23 release of Meta Platforms’ flagship Llama 3 large language model, which the company offers for free.Meta already released smaller versions of Llama 3, which AI app developers have raved about, and many of them expect the larger, flagship version—which will have 405 billion parameters (the “settings”... Read more ›
0
Marc Andreessen and Ben Horowitz, who run one of Silicon Valley’s most prominent venture capital firms, have told the firm’s employees in recent days they plan to make large donations to political action committees supporting the election of Donald Trump, people familiar with the matter said. The planned donations by Andreessen and Horowitz, who run the eponymous VC firm behind influential startups like OpenAI, SpaceX and Anduril, would add to... Read more ›
33
Last week’s upbeat inflation report raised hopes that the Federal Reserve will start cutting interest rates in the fall, which will be good news for pretty much every business. But companies in the business of lending money—in particular digital lending firms such as LendingClub and SoFi—may be the stocks to get the fastest lift. LendingClub and SoFi are both better bets than other digital lenders, such as Upstart Holdings, which... Read more ›
0
Everything seemed to be coming up Wiz over the past few years. The Israeli startup raised at increasingly high valuations from what seemed like every brand-name venture capital firm on the planet. It boasted in a press release that it was the fastest-growing startup ever. And it sat at the intersection of almost every mega-valuable tech trend: artificial intelligence, cloud computing and security.Now its crowning moment—a potential $23 billion takeover... Read more ›
0
The Federal Trade Commission is reviewing IBM’s proposed $6.4 billion acquisition of cloud software company HashiCorp. The commission last week sent both companies a “second request” for additional details related to the antitrust agency’s review of the merger, according to a HashiCorp ... Read more ›
0
Google’s proposed $23 billion acquisition of cloud security startup Wiz would help it compete with Microsoft, the top seller of security software. If the deal manages to avoid antitrust challenges and other hang-ups in the ongoing negotiations—and those issues are still a big if—it would also create a windfall for the startup’s investors during a period in which such returns have been lacking. Several venture capital firms, including Index Ventures,... Read more ›
21
Most popular sources
Business Insider
|
35% 11 |
Tom's Hardware
|
16% 8 |
The Verge
|
7% 3 |
Android Authority
|
6% 3 |
CNET
|
6% 3 |
| View sources » | |
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15.11.2025 23:12
Last update: 23:00 EDT.
News rating updated: 06:00.
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