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
Goldman Sachs posted a second quarter profit of $3 billion, 2.5 times bigger than the same period last year, when the bank took writedowns tied to commercial real-estate investments and its ill-fated consumer banking efforts. Goldman’s investment banking revenue rose 21% to $1.7 billion, helped ... 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 ›
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Sequoia Capital has offered to buy $861 million worth of shares of Stripe from some of the venture firm’s investors, according to a letter sent to those investors, which Stripe co-founder John Collison has publicly confirmed. The price implies a $70 billion valuation for the payments provider, ... Read more ›
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Tesla CEO Elon Musk on Monday appeared to confirm that the company won’t be revealing the design of its Robotaxi on August 8, as it had originally planned to do. In a post on X, Musk responded to a video posted by another X user questioning the accuracy of a Bloomberg report from last week ... Read more ›
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The price of bitcoin and shares in crypto exchange Coinbase jumped on Monday, as investors boosted bets that pro-crypto candidate Donald Trump will win the November presidential election following an assassination attempt on Saturday. “This whole [bitcoin price] move seems to be caused by ... Read more ›
0
While some developers are racing towards superintelligent AI technology, others are focused on building cheaper, more practical models. Over the past six months, several big tech companies including Google and Microsoft have released small language models, in a bid to stake their ground in a burgeoning area of artificial intelligence research. These models are lightweight enough to run on phones, instead of on the cloud. They generally have fewer than... Read more ›
0
In 2020, in front of a parking lot of raucous fans and investors honking their Teslas, Elon Musk laid out an intricate plan to make a $25,000 electric vehicle for the common person. The key: a transformative new battery boasting a slew of innovations, which he said could be ready in time for the vehicle’s release in 2023. Tesla blew that deadline, in large part because it has had trouble... Read more ›
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Google recently has been in talks to acquire Wiz, a four-year-old cybersecurity startup, for around $23 billion, two people with knowledge of the deal said. The deal could still fall apart over negotiations about earnouts—payments Wiz employees would receive based on future performance of ... Read more ›
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It’s not often that every major tech leader agrees on the same thing, especially when it comes to a figure as divisive as Donald Trump. But it was hard to find one of them who didn’t publicly express a concern for Trump’s well-being in the wake of the shooting at a rally in Pennsylvania, now under investigation as an assassination attempt aimed at the Republican candidate for president. Apple’s Tim... Read more ›
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Google is in talks to acquire Wiz, a four-year-old cybersecurity startup, for $23 billion, the Wall Street Journal first reported Sunday. The deal would be Google’s largest acquisition ever and would be a significant premium to Wiz’s $12 billion valuation as of its most recent funding round in ... Read more ›
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Elon Musk gave his full-throated backing to Donald Trump in his reelection campaign for the U.S. presidency, announcing his support after an incident in Pennsylvania that is being investigated as an assassination attempt on Trump. “I fully endorse President Trump and hope for his rapid recovery, ... Read more ›
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Welcome, Weekenders! In this newsletter:A tale of a remarkable Silicon Valley marathon The very finest fellowships for tech moguls Plus: Hasan Minhaj’s digital reinvention; a funny dog story; and a beachside riddle. Nimona and Ballister Boldheart seem unlikely to secure a place among cinema’s most remembered pairings of animated characters. Honestly, what a damn shame.The pair form the heart of last year’s very charming film “Nimona,” which is based on... Read more ›
2
Picture this: A founder of a buzzy Silicon Valley startup, a top Wall Street executive and the head of a world-changing nonprofit walk into a bar. No, it’s not the setup for a joke. It’s the type of everyday happening that participants in high-profile programs like the Aspen Institute’s Henry Crown Fellowship and the Forum of Young Global Leaders enjoy. The five fellowships spotlighted below are not junkets or extended... Read more ›
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Chicago-based commercial real estate firm Jones Lang LaSalle has been hired to sublease excess space from the headquarters of X, formerly known as Twitter, at 1355 Market St. and all of the attached building, 1 10th St., according to a spokesperson from Jones Lang LaSalle. The San Francisco ... Read more ›
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You have to hand it to the European Commission—they’re doing a great job innovating on regulation. Take today’s announcement that Elon Musk’s X may be in breach of the Digital Services Act, partly because Musk has devalued the blue checkmark by making it available to anyone who pays. What regulator has previously gone after a company for screwing up its own products?European Commission official Thierry Breton is surely correct in... Read more ›
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The Securities and Exchange Commission is removing a key obstacle that has been standing in the way of banks offering crypto-related services. It has begun waiving a requirement that banks and brokers report crypto assets under custody as liabilities on their balance sheet, in cases where they ... Read more ›
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What a surprise this week when Brit and Dave turned the tables and grilled me about PR and my advice for companies and investors who want to—or have to—deal with the press. It is quite an interesting time in the press vs. corporate relationship, and I hope my tips were useful. Plus, of course, more on the latest silly summer tech sport. Apple Spotify YouTube Read more ›
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Ticketing app StubHub decided to delay its planned summer initial public offering until after Labor Day, the Wall Street Journal reported. The company has been hoping for a $16.5 billion valuation, but that may be too far of a reach for some investors. StubHub has benefitted from a boom in ... Read more ›
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The European Union’s AI Act, a wide-ranging framework for regulating applications of artificial intelligence, was published in the bloc’s Official Journal on Friday, starting a countdown for when its rules will begin to be enforced. The new law will officially come into effect on Aug. 1. By ... Read more ›
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The Securities and Exchange Commission has exempted some large banks from a crypto accounting guidance, potentially removing a hurdle to them from offering digital-assets related services, Bloomberg Law reported Thursday, citing an unnamed SEC person. The SEC accounting guidance—staff ... Read more ›
0
Most popular sources
Business Insider
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35% 11 |
Tom's Hardware
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16% 8 |
The Verge
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7% 3 |
Android Authority
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6% 3 |
CNET
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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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