Be careful what you wish for. Many of Silicon Valley’s biggest-name venture capitalists are donating money to Donald Trump this election cycle, including, as The Information scooped today, Marc Andreessen and Ben Horowitz. Venture capitalists aren’t alone—Elon Musk endorsed Donald Trump on Saturday night and is donating $45 million a month to a political action committee backing him through the election, The Wall Street Journal reported.Motives may vary—Andreessen and Horowitz... Read more ›
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A Tipping Point for Tech’s Trump Support Read more ›
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Andrej Karpathy, one of the founding members of OpenAI, on Tuesday announced a new artificial intelligence-powered education startup, Eureka Labs. The startup is developing educational content, which will be taught by teachers assisted by AI software. Its first product will be a course on how to ... Read more ›
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This U.S. election cycle is really shaping up to be one where creators take center stage. More than 100 social media influencers, who post about everything from conservative politics to fitness and gaming, have descended on the Republican National Convention in Milwaukee this week, the first time a major political convention is giving creators access typically reserved for traditional media outlets. Next month, the Democratic National Convention Committee will also... Read more ›
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Elon Musk said two of his companies, SpaceX and X, will move their headquarters from California to Texas. In posts on X, Musk said he was making the moves in part because California Governor Gavin Newsom signed legislation on Monday that prevents school districts from notifying parents of ... Read more ›
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A startup that aims to harvest a valuable gas from the moon’s surface and bring it back to Earth by the end of the decade has scored a NASA grant to push its plan forward. The startup, Seattle-based Interlune, said it will use the $346,000 NASA grant to test a critical part of its technology that it will ultimately use to prepare lunar soil, known as regolith, for the extraction... Read more ›
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While sports fans gear up for the Summer Olympics later this month, artificial intelligence enthusiasts are eagerly anticipating another major event: the July 23 release of Meta Platforms’ flagship Llama 3 large language model, which the company offers for free.Meta already released smaller versions of Llama 3, which AI app developers have raved about, and many of them expect the larger, flagship version—which will have 405 billion parameters (the “settings”... Read more ›
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Marc Andreessen and Ben Horowitz, who run one of Silicon Valley’s most prominent venture capital firms, have told the firm’s employees in recent days they plan to make large donations to political action committees supporting the election of Donald Trump, people familiar with the matter said. The planned donations by Andreessen and Horowitz, who run the eponymous VC firm behind influential startups like OpenAI, SpaceX and Anduril, would add to... Read more ›
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Last week’s upbeat inflation report raised hopes that the Federal Reserve will start cutting interest rates in the fall, which will be good news for pretty much every business. But companies in the business of lending money—in particular digital lending firms such as LendingClub and SoFi—may be the stocks to get the fastest lift. LendingClub and SoFi are both better bets than other digital lenders, such as Upstart Holdings, which... Read more ›
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Everything seemed to be coming up Wiz over the past few years. The Israeli startup raised at increasingly high valuations from what seemed like every brand-name venture capital firm on the planet. It boasted in a press release that it was the fastest-growing startup ever. And it sat at the intersection of almost every mega-valuable tech trend: artificial intelligence, cloud computing and security.Now its crowning moment—a potential $23 billion takeover... Read more ›
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The Federal Trade Commission is reviewing IBM’s proposed $6.4 billion acquisition of cloud software company HashiCorp. The commission last week sent both companies a “second request” for additional details related to the antitrust agency’s review of the merger, according to a HashiCorp ... Read more ›
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Google’s proposed $23 billion acquisition of cloud security startup Wiz would help it compete with Microsoft, the top seller of security software. If the deal manages to avoid antitrust challenges and other hang-ups in the ongoing negotiations—and those issues are still a big if—it would also create a windfall for the startup’s investors during a period in which such returns have been lacking. Several venture capital firms, including Index Ventures,... Read more ›
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Goldman Sachs posted a second quarter profit of $3 billion, 2.5 times bigger than the same period last year, when the bank took writedowns tied to commercial real-estate investments and its ill-fated consumer banking efforts. Goldman’s investment banking revenue rose 21% to $1.7 billion, helped ... Read more ›
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The Federal Trade Commission is reviewing IBM’s proposed $6.4 billion acquisition of cloud software company HashiCorp. The commission last week sent both companies a “second request” for additional details related to the antitrust agency’s review of the merger, according to a HashiCorp ... Read more ›
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Sequoia Capital has offered to buy $861 million worth of shares of Stripe from some of the venture firm’s investors, according to a letter sent to those investors, which Stripe co-founder John Collison has publicly confirmed. The price implies a $70 billion valuation for the payments provider, ... Read more ›
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Tesla CEO Elon Musk on Monday appeared to confirm that the company won’t be revealing the design of its Robotaxi on August 8, as it had originally planned to do. In a post on X, Musk responded to a video posted by another X user questioning the accuracy of a Bloomberg report from last week ... Read more ›
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The price of bitcoin and shares in crypto exchange Coinbase jumped on Monday, as investors boosted bets that pro-crypto candidate Donald Trump will win the November presidential election following an assassination attempt on Saturday. “This whole [bitcoin price] move seems to be caused by ... Read more ›
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While some developers are racing towards superintelligent AI technology, others are focused on building cheaper, more practical models. Over the past six months, several big tech companies including Google and Microsoft have released small language models, in a bid to stake their ground in a burgeoning area of artificial intelligence research. These models are lightweight enough to run on phones, instead of on the cloud. They generally have fewer than... Read more ›
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In 2020, in front of a parking lot of raucous fans and investors honking their Teslas, Elon Musk laid out an intricate plan to make a $25,000 electric vehicle for the common person. The key: a transformative new battery boasting a slew of innovations, which he said could be ready in time for the vehicle’s release in 2023. Tesla blew that deadline, in large part because it has had trouble... Read more ›
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Google recently has been in talks to acquire Wiz, a four-year-old cybersecurity startup, for around $23 billion, two people with knowledge of the deal said. The deal could still fall apart over negotiations about earnouts—payments Wiz employees would receive based on future performance of ... Read more ›
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Most popular sources
Business Insider
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30% 1 |
Tech Wire Asia
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14% |
Gizmodo
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7% 0 |
CNET
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6% 3 |
The Verge
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5% 2 |
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26.11.2024 13:16
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