Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khameneiâs death, Kalshi said it couldnât pay out any ... Read more âș
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Microsoftâs shareholders approved the boardâs proposed compensation for CEO Satya Nadella and other top executives on Friday, raising Nadellaâs pay to $96.5 million, up from $79.1 million last year. The majority of Nadellaâs compensation will come from stock awards, while his base salary is $2.5 ... Read more âș
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Early last year, Broadcom CEO Hock Tan decided to host what he likes to call a âcoffee chatâ with the employees of VMware, the software giant that the Broadcom CEO had recently purchased for $84 billion. The companywide meeting was Tanâs effort to introduce himself and answer questions from those employees about life at the semiconductor firm. At that time, VMwareâs Palo Alto, Calif., campus sprawled over 18 buildings and... Read more âș
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Netflixâs $82.7 billion proposed acquisition of Warner Bros. Discovery, announced Friday morning, will likely prove a stupendous error by a management team that until now has rarely put a foot wrong. Not only is Netflix paying a huge priceâ27.5 times next yearâs expected profits, well above prevailing multiples for film and TV companiesâthe deal is likely to face severe regulatory obstacles. That suggests Netflix executives will be distracted for the... Read more âș
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The European Union hit Elon Muskâs X with a $140 million fine on Friday, citing several issues with the design and maintenance of the social media service. Itâs the first time the EU has levied a fine under the Digital Services Act, a sweeping set of tech regulations it passed in 2022. The EU ... Read more âș
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The New York Times sued Perplexity this morning for copyright infringement, joining a mounting pile of lawsuits against the AI search startup. Amazon, Reddit and Wall Street Journal-owner Dow Jones have all sued Perplexity for allegedly accessing their sites unlawfully. The Chicago Tribune ... Read more âș
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Netflix is to buy Warner Bros Discoveryâs studio and streaming operations for $82.7 billion in cash and stock, combining the worldâs biggest streaming service with one of Hollywoodâs iconic film studios and the HBO Max service. The deal wonât close for at least a year and before it does, WBD ... Read more âș
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Tim Cook has been CEO of Apple for nearly 15 years, during which time he has achieved the highly improbable: After replacing an iconic founder, Steve Jobs, Cook transformed Apple into one of the top three most valuable companies in the world. Why, then, are some in his orbit already talking about who could replace him as CEO? Senior employees at Apple are so sure of the likelihood of big... Read more âș
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Warner Bros. Discovery has entered into exclusive talks to sell its film and TV divisions and streaming service to Netflix, Bloomberg reported. The move would represent a seismic shift in the media landscape by combining the worldâs most popular streaming service with one of Hollywoodâs most ... Read more âș
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To a casual observer, OpenAI and Anthropic might have appearedâuntil recentlyâto be the Uber and Lyft of the AI world, with Anthropic the distant rival to the dominant OpenAI. That feels to be less the case nowadays. In fact, Anthropicâwith its disciplined focus on serving businesses and expectations it will turn a profit several years before OpenAI doesâis starting to look like a surer bet. Anthropic CEO Dario Amodeiâs appearance... Read more âș
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For years, there has been speculation about when $100 billion-plus private tech companies like Stripe, SpaceX and Databricks could go public. Now AI darlings OpenAI and Anthropic are on IPO watch. Like every company that takes on significant venture capital, both companies have had early conversations with financial institutions about the possibility of eventually going public, according to our sources. âTalk of a potential IPO or other exit someday helps... Read more âș
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Last week, Gap Inc. launched a chatbot to field product-related questions from Gap.com visitors, but the chatbot ended up discussing topics that fell outside the scope of questions it was supposed to handle, including intimacy products, sex toys, and Nazi Germany, according to a person with ... Read more âș
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The departures of senior executives from Apple continue to mount. On Thursday, the company announced two executives would be retiring in the coming months: general counsel Kate Adams and Lisa Jackson, vice president of environment, policy and social initiatives. Jennifer Newstead, who was ... Read more âș
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When AI software sellers pitch their vision of the future, it can start to feel paradoxical.On one hand, sellers say AI can meaningfully automate large swaths of white collar work, which should in theory help companies save money because they wonât need to pay as many humans. On the other hand, if companies cut jobs while embracing automation, there will be fewer white collar workers buying software subscriptions.Earlier this week,... Read more âș
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Fluidstack, a cloud provider aiding Googleâs AI chip push, is in talks to raise more than $700 million in new financing, according to two people with knowledge of the deal. A one-year-old investment fund started by ex-OpenAI researcher Leopold Aschenbrenner is in talks to lead the financing, one of the people said. Aschenbrennerâs fund, Situational Awareness, has stakes in AI cloud provider CoreWeave and AI developer Anthropic, which is a... Read more âș
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Amazon is negotiating its future relationship with the U.S. Postal Service, the company confirmed, although Amazon denied a Washington Post report that Amazon was considering ending its contract with the USPS in favor of its own delivery service. Amazonâs current contract with the Postal Service ... Read more âș
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Meta Platforms is discussing budget cuts as high as 30% in the group working on metaverse-related projects, including its Quest virtual reality unit, Bloomberg reported. The Bloomberg story said the cuts would likely include layoffs as early as next month. The report is a sign that Meta CEO Mark ... Read more âș
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Anthropic CEO Dario Amodei on Wednesday threw shade at archrival OpenAI, saying at The New York Times Dealbook Summit that âwe donât have to do any code reds.â It was a reference to our report Monday that OpenAI CEO Sam Altman initiated a âcode red,â shifting staff to improve ChatGPT and image generation in response to Googleâs success with its latest AI.Amodei maintains that Anthropic will be in a better... Read more âș
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In recent months, some websites have become increasingly concerned about an influx of traffic from what they suspect are artificial intelligence chatbots, which can drive up those sitesâ costs and swipe their content. But separating the bots from legitimate human visitors is no easy task. Several months ago, for example, a staffer at cybersecurity firm DataDome prompted xAIâs chatbot Grok to visit a website DataDome runs to analyze security threats.... Read more âș
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Salesforce reported 9% higher revenue in its fiscal third quarter ended Oct. 31, a marginal slowdown on its second quarter result, but the company raised its full year growth projection marginally. Its results also show that its flagship AI product, Agentforce, is growing rapidly but ... Read more âș
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Nvidia said one of its most powerful AI servers, which enables 72 chips to work in unison, can boost the performance of some of the worldâs top open-source artificial intelligence models by a factor of 10. The announcement comes as Nvidia faces intense competition from other AI chips including ... Read more âș
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15.03.2026 11:20
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