Here’s a question: Which of Elon Musk’s companies is his most AI-focused business? The answer might seem obvious: xAI, developer of Grok. But it’s not that simple, as a letter from two Tesla directors to company shareholders on Monday demonstrates. The letter, explaining the board’s decision to grant Musk a new stock award valued at $23.7 billion to make up for the much bigger option nullified by the Delaware court,... Read more ›
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Palantir said Monday that its revenue rose 48% in the three months ending in June to $1 billion, driven by large deals signed by big enterprises and government agencies buying the firm’s software and consulting services. The company reported $569 million in free cash flow, up 280% from a year ... Read more ›
0
Figure Technology Solutions, the blockchain startup co-founded by former SoFi CEO Mike Cagney, said Monday it has confidentially filed S-1 paperwork for an initial public offering. Founded in 2018, Figure makes home loans on its blockchain and runs a crypto exchange. The company is aiming to ... Read more ›
1
The big tech firms pouring tens of billions into capital expenditures for new data centers and servers for their cloud services are beginning to see revenues catch up. Growth in capex spending by Microsoft, Google and Amazon dramatically outpaced their cloud revenue expansion between 2023 and 2024, our analysis shows. But in the past year, that has changed. Microsoft’s capex in the past 12 months was 38% higher than the... Read more ›
0
Cognition, an artificial intelligence coding startup, has offered voluntary buyouts to the roughly 200 employees it acquired in a takeover of rival Windsurf three weeks ago, saying they will receive nine months of salary in return, according to an e-mail seen by The Information. The development comes after Cognition cut 30 staffers from the Windsurf team on Friday and shows how employees at AI startups can face wildly different outcomes... Read more ›
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Tom Ryan, the president and CEO of Paramount Global’s streaming division, is leaving the company, according to a report from Variety. His exit follows reports of other Paramount leaders, including co-CEOs Brian Robbins and Chris McCarthy, who are expected to leave the company after the closing ... Read more ›
0
Bullish, a Peter Thiel-backed crypto exchange and owner of news outlet CoinDesk, is seeking to raise as much as $629.3 million in its U.S. IPO. The Cayman Islands-based company is planning to offer 20.3 million shares at $28 to $31 per share, it said in an amended filing on Monday. It has ... Read more ›
0
Amazon is closing its Wondery podcast studio, nearly five years after buying it, Bloomberg reported, in a sign that Amazon is backtracking after a push into podcasting. Amazon bought Wondery in 2021, as part of an expansion into podcasting that followed a similar effort by Spotify. Amazon ... Read more ›
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One reason why reinforcement learning—a technique for improving AI models—has become so popular is because researchers can quickly scale it up by using AI to automate writing lots of examples of questions and answers in tough domains like biology, software programming and medicine. RL works best when researchers can quickly verify whether an AI-generated answer is correct or not. But what about domains where the correctness of an answer is... Read more ›
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Before the White House released its AI Action Plan in July, people involved with drafting the document weighed whether to include recommendations that could have impacted the contentious relationship between artificial intelligence companies and copyright holders. Publishers, authors, film and music companies have filed more than 40 lawsuits in the past few years, arguing that AI firms have infringed on their copyrights by using their data without permission to train... Read more ›
9
Tesla’s board said Monday that it had approved a stock award for CEO Elon Musk valued at $23.7 billion. Musk will be able to claim the award in two years, unless the company wins a court battle to reinstate a larger previous pay package from 2018 that a Delaware court has overturned, the board ... Read more ›
0
OpenAI is nearing the release of its next flagship model, GPT-5, but the path to its development reveals technical challenges and a slowing of the exponential progress that has defined the artificial intelligence industry, The Information reported. While GPT-5 is expected to deliver tangible ... Read more ›
1
Amazon and Meta Platforms both said in securities filings last week that they expect their U.S. taxes to drop as a result of President Trump’s tax act, which restores companies’ right to accelerate their deductions for depreciation on certain property and to immediately expense research and ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Microplastics are Silicon Valley’s new big worry• Media: Beehiiv, the next billion-dollar newsletter startup?• Plus, our Recommendations: “Camp Shame,” “Algospeak” and “KPop Demon Hunters”Leave it to Las Vegas to stir up tensions between Hollywood and Silicon Valley. The Sphere, the orblike amphitheater owned by billionaire James Dolan, will stage a showing of “The Wizard of Oz” over Labor Day weekend, presenting the... Read more ›
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Last August, when CNN’s Oliver Darcy decided he wanted to leave the network and launch Status, an email newsletter focused on the media industry, he cast about for a platform that would allow him to customize the look and feel of his new venture so it didn’t resemble every other media newsletter. There was Substack, the leader in the newsletter industry, which boasted writers like Matthew Yglesias, Matt Taibbi and... Read more ›
8
Anthropic cut off OpenAI’s access to Claude through Anthropic’s application programming interface on Friday. The company said the move was because OpenAI was “using our coding tools ahead of the launch of GPT-5,” in violation of Anthropic’s terms of services, which prohibit using Anthropic’s AI ... Read more ›
0
Apple held a rare companywide all hands meeting on Friday to discuss the company’s investments in artificial intelligence and other topics. CEO Tim Cook struck a confident tone about Apple’s future in AI, telling employees that Apple has exciting plans that he couldn’t discuss, according to a ... Read more ›
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Don’t count out Amazon. This was not the commerce cloud giant’s week, to be sure. When it comes to the great artificial intelligence cloud race, which now overwhelms all else in tech, Microsoft and Google appear to be ahead. Both companies posted accelerating growth in their cloud units for the June quarter, unlike Amazon. But one element is widely missing from the discussion: how a long-term shift in big tech’s... Read more ›
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OpenAI has secured $8.3 billion of new commitments from investors such as hedge funds Dragoneer, Altimeter Capital and D1 Capital Partners, exceeding its earlier goal of $7.5 billion, according to a person with knowledge of the fundraise, confirming earlier reporting from The Information about ... Read more ›
0
Tesla was partially to blame for a fatal crash involving its self-driving software, a federal court jury in Florida found on Friday, according to several news reports from the courtroom. Tesla will have to pay $200 million in punitive damages as well as a third of an additional $139 million in ... Read more ›
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Most popular sources
Business Insider
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35% 5 |
Tom's Hardware
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18% 4 |
Vox
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7% 6 |
Android Authority
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5% 2 |
Gizmodo
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5% 2 |
| View sources » | |
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03.11.2025 01:54
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