On Feb. 28, Elon Musk used X, the social media service he owns, to make a bold promise about a product from one of his other companies, Tesla. In a post, he said a new version of the Roadsterâa successor to the electric car that put Tesla on the map in 2008âwould be able to accelerate from zero to 60 miles per hour in less than a second, nearly twice... Read more âș
1
Just as there is an art to managing a CEO succession process from the inside (at least I imagine that to be the caseâI have never done it myself), thereâs a not so often discussed playbook for how a reporter writes about succession.It starts by writing a profile of the person you really, really think will get the job, though you canât come out and say it directly. You canât... Read more âș
0
Elon Musk is raising $6 billion for xAI, maker of Muskâs âanti-wokeâ artificial intelligence chatbot Grok, in a deal set to close Friday, according to our sources. The startupâs first outside funding values xAI at $18 billion, remarkable for a year-old company. Itâs a reminder of whatâs wrong with venture capital. The massive round has come together seamlessly despite Muskâs ill-fated $44 billion takeover of X, formerly known as Twitter,... Read more âș
1
When Marvel used artificial intelligence in the opening title sequence of the television series âSecret Invasion,â last year, it signaled AI had found its way into Hollywood. That didnât sit well with a lot of people in entertainment. On-strike actors last year attributed some of their grievances to the impact of AI on their jobs. One startup wants to close the gap between Hollywood and AI.Runway, the text- and image-to-video... Read more âș
0
Instant-delivery pioneer Gopuff is the last speedy-delivery startup left standing in the U.S. after its best-funded competitor, Getir, said last week it would pull out of the country. Thatâs left Gopuff in the same position it was in 10 years and billions of dollars ago: trying to beat DoorDash. But Gopuff is in a weaker financial position than DoorDash. Gopuff burned around $400 million in 2023, according to a former... Read more âș
8
ÂżHabla español? Parlez-vous français? You might, but todayâs large language models may not speak either Spanish or French very well. Itâs a shortcoming that many developers are trying to address, especially since making LLMs available in more languages may attract more users. To give a sense of the issue, Meta Platforms said in a blog post last month, that more than 5% of the training data for its latest flagship... Read more âș
16
In Woodhaven, Queens, beneath an elevated subway line an hourâs ride from Manhattan, sits an unremarkable bank branch, squeezed between a shuttered Rite Aid and a childrenâs events space that moonlights as a venue for $10 adult Zumba dance classes. A plastic banner fastened to the shop front bears the lenderâs name: Community Federal Savings Bank. Despite its sleepy appearance, the lender has emerged as a partner of last resort... Read more âș
15
Itâs no secret that the suits at the annual big-money confab put on by the Milken Institute this week have few spending limits. Staring you in the face in the lobby of the Beverly Hilton is a booth set up by Bombardier, marketing its private jets to attendees. (A new 10-seater costs $32 million, I learned.)What attendees canât really buy, however, is time. The soundtrack of the Los Angeles conference... Read more âș
0
As TikTok kicks off its legal fight against a ban or forced sale of the app in the U.S., our chart below shows just how much competition it faces from other big tech companies, which stand to gain from a potential retreat. While Instagram Reels and YouTube Shorts are the two most popular alternatives among creators to TikTok, other companies including Twitch and LinkedIn have more recently started experimenting with... Read more âș
2
If youâre looking for the social media stock that could, just maybe, break the logjam of the digital ad marketâwhere Meta Platforms and Google take the lionâs share of spending, leaving the rest to everyone elseâyou might want to check out Pinterest. Yes, weâre talking about the company many investors likely left for dead a couple of years ago, when it was bleeding users and senior executives. Its first-quarter resultsâwhen... Read more âș
28
The âSteamboat Willieâ version of Mickey Mouse emerged in 1928 from Walt Disneyâs passion project to marry cartoons with synchronized sound. It lost copyright protection on Jan. 1 as generative artificial intelligence tools launched a creative revolution threatening Hollywoodâs business model. New generative AI tools such as OpenAIâs Sora, which creates videos from text prompts, make it easier for anyone to be a 21st-century Walt Disney. Using a text-to-video AI... Read more âș
0
For all thatâs leaked about the sizes and architectures of the advanced large language models developed by OpenAI and its ilk, we still donât know what data they were trained on.A pessimist might say thatâs because of the numerous lawsuits LLM developers would face if the amount of copyrighted content they were using was revealed, but a more generous explanation would be that itâs because the makeup of their training... Read more âș
15
The day President Joe Biden signed a law that would ban TikTok in the U.S. if it doesn't cut ties with its Chinese parent, ByteDance, within a year, TikTok CEO Shou Zi Chew and other senior executives led an all-hands meeting for staff, reassuring them that TikTok will successfully fight the new law. Chew struck an optimistic tone. At one point, according to six employees in attendance, the CEO joked... Read more âș
1
Over the last five years, there have been promising advances in climate technologiesâand they could have a real impact on reducing greenhouse gases. But all of these technologies have one thing in common: They need support for a large range of financial needs. Steve LeVine, editor of The Electric, sat down with three climate tech venture veterans to discuss why funding climate technologies is a smart investment: Brook Porter, partner... Read more âș
0
You can just imagine what Disney CEO Bob Iger was thinking today: If itâs not one thing, itâs another. Disney surprised the market by reporting that its streaming services all but broke even in the March quarter, a notable achievement given that it was wallowing in red ink just a few quarters ago. But the pesky worrywarts of the stock market chose to worry about Disneyâs forecast of a slowdown... Read more âș
0
Venture capitalists are getting comfortable writing big checks again, judging by April deal activity. The lingering panic thatâs occupied the private tech markets for the past two years is subsiding, investors say, due to the stock marketâs rebound and because these larger investors are fed up with hoarding cash. So, despite the slow recovery of initial public offerings and persistently high interest rates, the prevailing sentiment is pretty much: âIf... Read more âș
0
Ahead of Monday nightâs Met Gala, you had to wonder whether TikTokâs first-time sponsorship of the high-profile fashion and fundraising event would set up an awkward dynamic given the appâs uncertain future in the U.S. Instead, the Met Gala had an artificial intelligence problem, not a TikTok one. Read more âș
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Googleâs cloud computing unit is adding hundreds of salespeople and engineers to new artificial intelligenceâfocused teamsâincluding staff moved from other parts of Google Cloudâas it embarks on a major push to get businesses to adopt its Gemini model and other AI software. In recent weeks, the company has been moving salespeople from teams focused on particular industries and geographies to a dedicated AI sales team run by Oliver Parker, a... Read more âș
13
China-founded fashion giant Shein told employees it is stepping up its efforts to keep products made with forced labor off its site, citing tougher U.S. enforcement to screen low-value parcels that previously received little customs scrutiny. In a memo to senior managers, Sheinâs executive chair, Donald Tang, said the company is prioritizing compliance and called on U.S.-based managers to report potential issues, saying people who raise âlegitimate concernsâ wonât be... Read more âș
0
Itâs been hard to miss the absolute beating AI-powered devices have gotten in recent weeks.First, we saw YouTuber Marques Brownleeâs scorching review of the $699 Humane Ai Pin, which he deemed the âworst productâ heâs ever reviewed. (Yikes.)Next, the rabbit r1, a kitschy, bright-orange handheld device that first went viral when it launched at the Consumer Electronics Show in January, came under fire as its founders were accused of being... Read more âș
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15.06.2026 06:30
Last update: 06:25 EDT.
News rating updated: 13:20.
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