Amazon Web Servicesâ annual conference for customers kicks off this morning with products AWS Chief Matt Garman said would be âneedle-moving.â But what happened to the products unveiled by AWS at last yearâs re:Invent?A year ago, Garmanâs predecessor, Adam Selipsky, tried to make a splash by unveiling an artificial intelligence chatbot and assistant, Amazon Q. You might not have heard much about Q since then.At the time, AWS was combating... Read more âș
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The growth of Temu and Shein has spurred the rise of little-known delivery startups that help them keep prices ultralow for shoppers. Now those budget delivery services are facing a growing number of legal complaints about their pay practices. With a click of a button, shoppers on these and other sites like AliExpress set in motion a delivery chain that often starts in China and ends at their doorsteps, with... Read more âș
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WeDoctor, a Chinese online healthcare company backed by tech giant Tencent, plans to submit an application this month for an initial public offering in Hong Kong that could raise as much as $500 million, the South China Morning Post reported. The company, whose investors include Chinese venture ... Read more âș
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Super Micro, a maker of servers for data centers, on Monday said an independent investigation into its accounting practices found âno evidence of misconduct.â Its shares surged 29% to $42. The San Jose, Calif., companyâs board hired outside lawyers and accountants to perform the investigation in ... Read more âș
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These are heady days for Elon Musk, whose friendship with Donald Trump has accentuated his already immense power in the tech industry. But thereâs one quarter where Musk canât yet get what he wants: the Delaware courts.Late Monday afternoon, the Delaware judge hearing the long-running fight over Muskâs Tesla pay package reaffirmed her January ruling rescinding the package, which after Teslaâs recent rally is worth a whopping $101 billion. Tesla... Read more âș
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A Delaware judge rejected Tesla CEO Elon Muskâs bid to reinstate a multi-billion-dollar pay package, despite a shareholder vote supporting the plan. Chancery Court Judge Kathaleen St. J. McCormick stuck by her January ruling that Teslaâs board was too much under Muskâs influence ... Read more âș
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A Delaware judge has rejected Elon Muskâs request that the court reinstate a gigantic pay package from Tesla, the largest executive compensation award in corporate history. The judge, Chancellor Kathaleen McCormick, denied a challenge from Musk and the Tesla board of directors to her January ... Read more âș
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Fidelity Investments marked up its equity stake in Elon Muskâs X by 32% in October, according to a recent investor filing. The markup follows several markdowns over the past couple of years, since the 2022 buyout of X, formerly known as Twitter. Even accounting for the latest markup, ... Read more âș
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On the latest More or Less:Â Â A debate over the "tech bro"Â and a special guest from Hollywood. Hope you enjoy! Apple Spotify YouTube Read more âș
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Brexâs org chart, as it is today, is practically unrecognizable from a year ago. Six of CEO Pedro Franceschiâs seven direct reports stepped into their roles in the past 12 months. Plus, two co-CEOs ran the corporate card company until June, when co-founder Henrique Dubugras exited. This overhauled slate of top leaders is overseeing efforts to jump-start growth and stem cash burn at Brex. The company laid off one-fifth of... Read more âș
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Some recent fundraisings, including for video generator Synthesia, have suggested valuations for AI startups are coming down to earth. But at 30 times next yearâs revenue, you wouldnât exactly call these deals cheap. You could, however, use that description for the startups that provide computing resources to AI developers.Take Lambda, a 12-year-old startup that rents out Nvidia chips to AI developers via its cloud service and on-premise servers. It has... Read more âș
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Pat Gelsinger stepped down abruptly as CEO of Intel, less than four years after taking the helm of the struggling chip maker, signaling the board has lost patience with his efforts to turn around the company. In a short statement on Monday morning, Intel said Gelsinger had âretired from the ... Read more âș
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New managers acclimating to life at data analytics software firm Databricks are often shocked when CEO Ali Ghodsi calls up one of their team members out of the blue to question them about a product theyâre working on. Or drops into a low-level meeting unannounced. Or phones the data scientists working for a customer. For Ghodsi, itâs an opportunity to avoid something he despises: whitewashed reports from executives about problems... Read more âș
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The U.S. is restricting the sale to China of advanced memory chips that are crucial for artificial intelligence development, as part of its annual updates to export controls designed to prevent China from accessing cutting-edge semiconductor technology for military use. This yearâs updates cover ... Read more âș
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U.S. shoppers spent 10.2% more on Black Friday compared to the same day a year earlier, according to one tracker of real time online spending. Adobe Analytics said in a report on holiday shopping that U.S. shoppers spent $10.8 billion online the day after Thanksgiving, when many retailers offer ... Read more âș
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Elon Musk asked a court to stop OpenAI from converting to a for profit enterprise and engaging in other behavior that could hurt its rivals, including Muskâs own artificial intelligence startup, xAI. In a filing late Friday, Musk said that the court should halt the for-profit conversion because ... Read more âș
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Welcome, Weekenders! In this newsletter:âą Shopping: The Informationâs 2024 Holiday Gift Guide * E-commerce: A bet on Big Brother billboards ⹠The Top 5: What to wear to Silicon Valleyâs holiday parties ⹠Plus, we feast!: A lover scorned and scorched; a buddy film seasoned with punchlines and pathos; the TikToker who cheeses for the camera; and a Campari-nixed Negroni.Reid Hoffman may leave America. Hoffman, one of the most active... Read more âș
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As every Silicon Valley titan surely knows, assembling a holiday party wardrobe that works across occasionsâperhaps time zones, tooârequires considerable strategic thinking: Underperformance isnât an option, and neither is cutting deeply against the cultural grain. Thankfully, stylist Victoria CĂĄrdenas Hitchcock has a bunch of shortcuts for getting it right. To start, âmen should look for classic-meets-modern pieces that travel well,â said CĂĄrdenas Hitchcock, who is known for a low-profile, high-luxury... Read more âș
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While U.S. tech executives were tucking into their turkey on Thursday or guzzling Koia shakes, Australian lawmakers were approving a law that bans children under 16 from having a social media account. Whoa! Australia is a relatively small country whose revenue contribution to Meta Platforms, Snap or TikTok is likely minuscule. But investors have to consider the possibility that the land Down Under is the canary in the coal mine... Read more âș
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A group of leading Canadian publishers including the Global and Mail and the Canadian Broadcasting Corp sued OpenAI for copyright infringement, adding to a growing list of companies seeking damages from the tech company for allegedly scraping their work. The Canadian media firmsâ suit follows ... Read more âș
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17.05.2026 05:47
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