Elon Musk’s 2018 CEO compensation package at Tesla, which had been overturned by a Delaware judge last year, must be reinstated, the state’s highest court ruled on Friday. That means Musk will get options on about 304 million shares, worth more than $139 billion today. The grant will increase ... Read more ›
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TikTok employees working for the company’s U.S. Data Security division will be moved under a U.S. joint venture ownership company in January and will no longer be able to receive Restricted Stock Units from TikTik’s Chinese parent company, ByteDance, staff were told on Friday. The U.S. Data ... Read more ›
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Neobank Mercury has applied for a national bank charter with the Office of the Comptroller of the Currency, the latest in a rush of banking fintech startups to take advantage of an easing in the regulatory environment under the Donald Trump Administration. Mercury was founded in 2017 and serves ... Read more ›
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Over the past year, Salesforce CEO Marc Benioff has touted his company’s main AI product, Agentforce, as a money saver for businesses looking to automate work using the power of large language models. More recently, though, Salesforce executives have delivered a different message to customers: Agentforce sometimes works better when it doesn’t rely so much on LLMs, otherwise known as generative AI. Read more ›
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Earlier this year, Google convened a group of its top executives to address what some staffers see as an existential problem: the company doesn’t have enough computer chips for everyone who wants them. A shortage of computing capacity was creating internal tensions, as leaders of Google’s varied product areas struggled to agree on where Google should invest its resources. The gathering was the first meeting of a new council of... Read more ›
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OpenAI is on track to beat its 2025 revenue goal of $13 billion, up from around $4 billion last year, The Information reported. Annualized revenue, or the last month’s revenue multiplied by 12, by last month topped $19 billion, more than triple the pace in January. The growth comes as ... Read more ›
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Sometimes people’s greatest weakness can be their biggest strength. And in AI, it is turning out that what we thought was a weakness for Google—the fact that it had both a search portal and an AI chatbot—is actually an advantage. People use search and AI chatbots interchangeably, to be sure, but it’s become clear through the course of this year that an AI chatbot is not a replacement for a... Read more ›
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TikTok owner ByteDance reached agreements with investors to create a U.S.-based TikTok joint venture majority owned by American investors, according to an internal memo to employees viewed by The Information. ByteDance signed a deal with Abu Dhabi-based MGX, Oracle and investment firm Silver ... Read more ›
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Meta Platforms is working on two new AI models—one focused on images and video, and the other on text—for release in the first half of 2026, the company’s chief AI officer Alexandr Wang told employees on Thursday. The Wall Street Journal said Wang made his remarks about the video and image ... Read more ›
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It’s a no-brainer these days to say AI is driving tech mergers. As I wrote earlier this month, big AI deals and a deal-friendly presidential administration have pushed the value of U.S. announced tech mergers to more than $543 billion this year, the highest level since 2021. To Morgan Stanley bankers, the deals this year and over the next several years will be driven by one fundamental thesis: Companies are... Read more ›
0
Brett Adcock, the CEO of robotics startup Figure AI, has started a new AI lab called Hark, which will be funded by $100 million of his personal capital, according to a copy of a memo Adcock sent to Figure employees and investors on Thursday seen by The Information. The AI lab will be focused on ... Read more ›
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Universities grappling with slowing enrollment and imperiled federal funding are looking for new ways to cut costs. How much will artificial intelligence help? The management school at the University of California, Los Angeles has been developing AI applications for its 500 faculty and staff members, including tools that might automate the work of teaching assistants that help professors handle large classes. Read more ›
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Thinking Machines Lab, the AI lab co-founded by former OpenAI Chief Technology Officer Mira Murati, is planning to release its own in-house models next year, co-founder and Chief Scientist John Schulman said on a podcast. So far, Thinking Machines has released Tinker, an application programming ... Read more ›
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OpenAI has a problem and, unfortunately for it, that problem is also how it makes most of its money: ChatGPT.In this story that Sri, Amir and I published this morning, we revealed that over the past year OpenAI staffers had noticed that improvements to the company’s models weren’t necessarily lifting ChatGPT usage. Their quandary is that focusing too much on increasing the chatbot’s appeal could draw away resources from the... Read more ›
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Over the past this year, some OpenAI staffers noticed a concerning change in the way people who used ChatGPT were reacting to improvements in the chatbot. In prior years, every time OpenAI made a big upgrade to the artificial intelligence that powers the chatbot, usage surged as people easily found ways to get useful responses out of it, one employee said. But even as ChatGPT attracted more users this year,... Read more ›
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China has built a prototype of a critical lithography machine for manufacturing semiconductors, as the country steps up its effort to produce advanced chips without relying on Western technology suppliers, Reuters reported. The prototype of an extreme ultraviolet lithography machine that etches ... Read more ›
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Talk about an endorsement! For all the talk about OpenAI falling behind Google, the ChatGPT maker doesn’t seem to be having any problems attracting big backers. Last week it was Disney, putting in $1 billion, and soon it’s likely to be Amazon, judging from The Information’s scoop on Tuesday night that Amazon was in talks to invest more than $10 billion in OpenAI. On top of that, tonight we scooped... Read more ›
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YouTube has struck a five-year exclusive deal to broadcast the Oscars, starting in 2029, YouTube and the Academy of Motion Picture Arts and Sciences announced on Wednesday. The deal, which will end ABC’s exclusive run broadcasting the Oscars, which began in 1976, highlights the growing strength ... Read more ›
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OpenAI has held preliminary discussions with some investors about raising at a valuation of around $750 billion, according to three people with knowledge of the discussions. It could raise tens of billions of dollars, and as much as $100 billion, according to two of the people. Talks are early and nothing has been finalized. A valuation at that level would be 50% higher than OpenAI’s last share sale in October... Read more ›
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Coinbase said Wednesday it’s launching stock trading, prediction markets, stablecoin issuance, and other new features in payments and wealth advisory, in its bid to become an “everything exchange.” The move represents its biggest product shakeup in years and puts it in direct competition with ... Read more ›
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04.05.2026 03:33
Last update: 03:25 EDT.
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