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
Hackers broke into AT&T’s systems and stole call and text logs of “nearly all” of its cellular customers, the company said on Friday, blaming a breach of Snowflake’s cloud service for the hack. The stolen data includes records of which phone numbers called or texted other phone numbers and ... Read more ›
0
While running a half-marathon in Philadelphia a few years ago, Courtney Kitchen noticed another woman near her running roughly her pace: She seemed like she’d make a great training buddy. But there wasn’t an opportune moment for the pair to exchange phone numbers at the race, so later that day, Kitchen opened Strava, the popular fitness-tracking app, and browsed through its Flyby feature, which allows users to see other athletes... Read more ›
3
Meta Platforms plans to release the largest version of its open-source Llama 3 model on July 23, according to a Meta employee. This version, with 405 billion parameters, or the “settings” that determine how AI models respond to questions, will also be multimodal, meaning that it will be able to ... Read more ›
66
A recovery in Wall Street dealmaking has reversed a recent lull in investment banking fees and helped boost earnings at large U.S. banks. JPMorgan’s second-quarter profit rose 25% to a record $18.1 billion, the bank reported on Friday. The result was driven by a $8 billion accounting gain ... Read more ›
0
Amazon has added its shopping chatbot, Rufus, to its mobile app, making it available to all U.S. customers, the company said Friday. The chatbot can compare products, answer questions about items and summarize customer reviews. It can also answer questions about orders, such as what day items ... Read more ›
0
The European Commission has issued a preliminary finding that Elon Musk’s X service, formerly known as Twitter, is in breach of the Digital Services Act, a finding which could lead to big fines. The commission said X’s “Blue Checkmark” system to signal a “verified ... Read more ›
0
In late June, roughly 300 people—many of them founders, venture capitalists and other techies—piled into a windowless room on a Thursday night in a church in downtown San Francisco. Some were at Epic Church San Francisco to worship, while others privately admitted they were angling for an introduction to one of the people preaching that evening: Trae Stephens, a general partner at Founders Fund and co-founder of Anduril, a maker... Read more ›
3
I opened my email this morning to read troubling news from PitchBook: The percentage of venture deals for companies with female founders—a measly 6.5% last year—has dropped further, to 5.7% this year so far. Companies that have at least one female co-founder are getting only 16.6% of venture dollars, down from 27% last year. And I wasn’t a bit surprised. Read more ›
0
Writers and other creators are increasingly worried that artificial intelligence training models will suck up their work without compensating them. A new Los Angeles–based startup called SmarterLicense is selling a fix: a tool that tracks when a creator’s work is used on the internet, for AI or other purposes.The two-year-old startup, which launched its product earlier this month with six employees, helps creators license their intellectual property without the cost... Read more ›
0
Fintech startups have suffered a difficult fundraising climate for two years, after a cocktail of rising interest rates and cooler e-commerce spending made capital harder to come by. But one startup based in São Paulo is trying to defy the slump with an ambitious new fundraise.CloudWalk, a Latin America–focused fintech startup that sells payments products to small and medium-size businesses, plans to raise up to $400 million at a valuation... Read more ›
0
OpenAI shared a new benchmark during an all-hands meeting on Tuesday that would help the startup track its progress towards developing artificial general intelligence, or software that’s able to reason like humans do, according to a Bloomberg report. OpenAI executives told employees that the ... Read more ›
0
Axel Springer CEO Mathias Dopfner is discussing a breakup of the media company with major shareholder KKR, the Financial Times reported. Under the breakup being discussed, Dopfner and Friede Springer, the widow of the company founder, would take control of media properties including Business ... Read more ›
0
The House of Representatives failed on Thursday to approve an override of President Joe Biden’s veto of a legislative resolution to repeal a controversial crypto accounting guidance by the Securities and Exchange Commission, keeping in place a rule that discourages banks from entering crypto ... Read more ›
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Tesla plans to delay its highly anticipated robotaxi introduction from August to October, according to Bloomberg. The change, which was communicated internally at the electric vehicle maker, will give teams more time to work on prototypes, according to the report. Musk first announced an August ... Read more ›
0
Mark Pincus, the wealthy Zynga founder, is the latest high-profile Democratic donor to call on President Joe Biden to end his presidential campaign. Pincus wants Democrats to put forward a younger candidate with a better shot at defeating Donald Trump, such as California Gov. Gavin Newsom and ... Read more ›
0
The Securities and Exchange Commission has ended its investigation into stablecoin company Paxos and will not pursue enforcement action over its past issuance of BUSD, a Binance-branded stablecoin. Paxos said Thursday it received a formal notice from the SEC on July 9 about the termination of ... Read more ›
0
When Hailify was founded in 2017 as an app for Uber and Lyft drivers to manage competing gigs, Shein was a little-known Chinese startup and Temu didn’t exist. Hailify’s initial business plan didn’t work out, but it now has found new life dropping off thousands of parcels each day shipped from China by companies including Temu at the doorsteps of U.S. shoppers. Hailify is part of a large ecosystem of... Read more ›
0
Struggling hair care brand Olaplex announced the hiring of former Away executive Catherine Dunleavy as CFO and COO, and the appointment of fashion industry veteran Katie Gohman as chief marketing officer. The C-suite additions come as the one-time pandemic darling looks to turn around slumping ... Read more ›
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A year ago, when Amazon Web Services executive Matt Wood told developers that the firm aimed to be “neutral” in the large language model market, by offering several options that excel in different ways, many saw it as an excuse for being late to the AI race.Now, AWS might be having the last laugh. Microsoft is increasingly adopting a similar strategy, hedging its bet on OpenAI by semi-acquiring Inflection AI... Read more ›
0
The crypto industry is bracing for what could be its most consequential event yet: the 2024 U.S. presidential election. Barring last-minute changes in candidates, the race will pit two candidates with drastically different stances against each other: Joe Biden, whose administration steered a two-plus-year regulatory crackdown, and Donald Trump, who said he will end his opponent’s “war on crypto.” Crypto leaders and investors have rallied behind Trump, with big-ticket donations... Read more ›
0
Most popular sources
Business Insider
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37% 13 |
Tom's Hardware
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15% 7 |
The Verge
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6% 2 |
CNET
|
6% 3 |
Android Authority
|
6% 2 |
| View sources » | |
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16.11.2025 01:05
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