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
Phil Schiller may be wondering what he did wrong. Just over a week after we learned that Apple would get a board observer position at OpenAI—to be filled by Schiller—those plans are off. Microsoft meanwhile is also giving up its OpenAI board observer role, saying it was no longer necessary. Were the board meetings that boring? (Kidding!)While anything involving Apple, Microsoft and OpenAI is catnip to reporters, these developments may... Read more ›
0
Intuit CEO Sasan Goodarzi told staff Wednesday that the company plans to lay off 1,800 employees, or roughly 10% of its workforce, as it looks to invest in new AI-powered services. Goodarzi said the move was not a cost-cutting measure, and that Intuit will replace the roles with new hires in ... Read more ›
0
Google ended acquisition discussions with marketing software firm Hubspot, Bloomberg reported. HubSpot’s stock fell immediately following the news, ending the trading day down 12% at $491.12. The online search giant had reached out to Hubspot to express interest in buying it earlier this year, ... Read more ›
0
The investor excitement around artificial intelligence is boosting funding for creator economy startups, reversing two years of straight declines. The second quarter extended the first quarter rebound, reflecting investors’ confidence that startups can leverage generative AI to develop useful tools for creators. (You can read our full story, which has the latest funding data from our Creator Economy Database, here.)Investors think AI is poised to make creating content, from videos... Read more ›
2
A senior advisor to U.S. President Joe Biden met with a group of top executives in the crypto industry in a roundtable in Washington on Wednesday, in a rare engagement between the two sides. The advisor, Anita Dunn, attended the meeting in a personal capacity, during which she acknowledged the ... Read more ›
6
Microsoft has settled an antitrust complaint lodged by a European lobbying group over its cloud software licensing practices, Microsoft said on Wednesday. The complaint was filed in 2022 by CISPE, a group comprised of Amazon and smaller cloud computing providers in Europe, and alleged that ... Read more ›
0
Venture capitalists are rediscovering their flair for the creator economy. In the first half of this year, U.S. creator economy startups raised roughly as much money as in all of last year, according to new data from The Information’s Creator Economy Database. In the second quarter alone, U.S. creator startups raised $692.7 million, up 68% from a year earlier and more than double the amount raised in the first quarter.... Read more ›
32
Advanced Micro Devices has agreed to acquire Silo AI, a Finnish AI model developer, for approximately $665 million in cash, the company announced on Wednesday, as it looks to close the gap against chip giant Nvidia. Helsinki-based Silo helps large companies build specialized AI models and ... Read more ›
0
The Amazon division that’s spearheading many of its most ambitious artificial intelligence efforts is made up almost entirely of executives and staff who were shifted from Amazon’s Alexa team, plus several dozen recent hires from the startup Adept, The Information’s updated Amazon Org Chart shows. The artificial general intelligence org, led by ex-Alexa chief scientist and senior vice president Rohit Prasad, who now reports to CEO Andy Jassy, is at... Read more ›
0
CNN chief Mark Thompson announced that the news company will lay off about 100 staffers as he outlined how he plans to revamp CNN’s newsgathering and business operations in the hopes of fighting off declines in its traditional TV business while generating new digital revenue from subscription ... Read more ›
38
Apple will no longer take a board observer seat at OpenAI and Microsoft is giving up its observer seat, an OpenAI spokesperson said on Wednesday. OpenAI is “establishing a new approach to informing and engaging key strategic partners” and plans to hold regular meetings with those stakeholders to ... Read more ›
0
The startups developing specialized artificial intelligence chips face some heady challenges—most obviously that they’re taking on entrenched giant Nvidia. One challenge they don’t face, though, is a lack of funding. Groq, a startup that develops chips that are specially designed to run large language models, expects to finalize a fundraising of more than $300 million led by mutual fund giant BlackRock in the next two weeks, according to a person... Read more ›
0
Venture capital firms Index Ventures and Flagship Pioneering announced new mega funds on Wednesday, underscoring a continuing trend: large VC firms are successfully replenishing their coffers, while smaller, newer firms struggle to raise fresh capital. Robinhood and Glossier-backer Index raised ... Read more ›
0
Chinese bargain site Temu has been a big hit with American shoppers in the past year or two, drawing increasing scrutiny from U.S. lawmakers over its approach to importing goods and attention from rival Amazon. Now, Temu is changing tack, encroaching more on Amazon’s turf. Instead of only shipping items from Chinese factories directly to customers’ homes, avoiding paying U.S. duties along the way, Temu is signing up Chinese sellers... Read more ›
0
Elon Musk appears to be a firm believer in the saying “If you want something done right, do it yourself.” He signaled that today in a post on X, as he confirmed our scoop that his artificial intelligence startup, xAI, had decided to build its own AI data center rather than getting Oracle to do it.Musk explained, “When our fate depends on being the fastest by far, we must have... Read more ›
0
The two most influential venture capital firms, Sequoia Capital and Andreessen Horowitz, have very different perspectives on demand for the most important resource for artificial intelligence companies: graphics processing units. Andresseen Horowitz is stockpiling them and renting them to startups, I reported this morning, which suggests the firm doesn’t expect the GPU bottleneck to ease anytime soon. Meanwhile, Sequoia believes GPU constraints have already peaked and the increased production will... Read more ›
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MrBeast’s $100 million deal with Amazon Prime Video for an upcoming reality competition series will test whether creator-led shows on streaming services, especially with content geared toward older viewers, can draw the same massive audiences as they do online. Kids shows that originated on YouTube, such as Cocomelon, are the clearest examples of social media content that’s found success on more traditional entertainment platforms. Cocomelon episodes on Netflix, for example,... Read more ›
0
Elon Musk said his xAI would buy chips from Nvidia rather than rent the chips from Oracle so xAI could build an artificial intelligence data center more quickly, confirming a story published in The Information Tuesday. In a post on X, Musk said xAI plans to build a system with 100,000 Nvidia ... Read more ›
0
Tesla made up less than half of all electric vehicles sold in the US in the second quarter, a sign of declining dominance for the automotive company credited with creating an early market for EVs. Teslas accounted for 49.7% of EV sold in the US between April and June, compared to 59.3% the year ... Read more ›
0
Federal regulators have banned anonymous messaging app NGL—short for “Not Gonna Lie”—from hosting users under 18 years of age on the platform. The action comes as state and federal lawmakers push for tougher controls over social media platforms in a bid to better protect young people online. The ... Read more ›
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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
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6% 3 |
Android Authority
|
6% 2 |
| View sources » | |
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16.11.2025 01:05
Last update: 00:55 EDT.
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