Elon Musk may have parted ways with Washington and President Donald Trump, but employees from Musk’s Department of Government Efficiency are moving forward with a plan to restructure the Securities and Exchange Commission and bring artificial intelligence technology into the agency. The reorganization will begin to take shape over the next couple of months, according to two SEC employees. Leaders at the agency haven’t yet made it clear to staff... Read more ›
30
Apple appears to have learned its lesson about overpromising on artificial intelligence. Last year, at its Worldwide Developers Conference, the company made a bunch of bold promises about its AI plans to show that it too had an answer to the ChatGPT age. Those claims turned out to be half-baked, as many of the AI features under its Apple Intelligence banner performed poorly, while a revamped version of its Siri... Read more ›
0
Jeff Bezos’ rocket company Blue Origin delayed the second launch of its premier rocket New Glenn from late spring to August 15, showing the difficulty in building an alternative to Elon Musk’s SpaceX as questions swirl in Washington about the government’s reliance on the mercurial billionaire. “ ... Read more ›
0
MiniMax, a major Chinese artificial intelligence developer that was most recently valued at about $3 billion, plans to unveil a new open-source AI reasoning model as early as this week, according to a person with direct knowledge of the plan. The new model, MiniMax M1, is the company’s attempt ... Read more ›
0
Paramount Global’s finance chief Naveen Chopra is departing the company, the company announced on Monday. He will be replaced on an interim basis by Andrew Warren, currently a strategic advisor to the office of the CEO at Paramount and former CFO of Discovery Communications. Paramount is still ... Read more ›
1
Walt Disney Co. will pay $438.7 million more to Comcast to complete its purchase of the Hulu streaming service, the company said in a regulatory filing on Monday. In November 2023, Comcast exercised its right to sell its 33% stake in Hulu to Disney, which owns the rest of the service. Under the ... Read more ›
15
At Apple’s annual Worldwide Developers Conference on Monday, the company said artificial intelligence will be making its way into more of its apps, even though the new and improved Siri it announced at last year’s event isn’t ready. Apple said it plans to integrate live language translation into ... Read more ›
0
When Chime CEO Chris Britt pitched his company to venture capitalists a decade ago, he got a lot of handshakes and little money. Venture capitalists, he has said, were too rich to understand why low- or no-fee bank accounts would appeal to people living paycheck to paycheck. He said investors would question him: “What’s the problem? I don’t get charged fees. Morgan Stanley doesn’t charge me any fees. I don’t... Read more ›
27
Before we get to today’s column, here’s something to noodle on.On Friday, word spread widely across the industry that an unnamed public company was going to invest a cool $10 billion in an unnamed private AI firm. On Saturday afternoon, Scale AI’s name popped up as the alleged recipient. By nighttime, Bloomberg reported Meta Platforms was the public company in question. The question was: Why?The quality of Meta’s models is... Read more ›
0
Warner Bros. Discovery plans to split into two publicly traded companies next year, with one consisting of its film and TV studio businesses and the HBO Max streaming service and the other overseeing its cable networks including CNN, TNT and Discovery, as well as the Discovery+ streaming ... Read more ›
0
Elon Musk’s bets on electric vehicles and rockets delivered some of the biggest payoffs in business history. But his bet on Donald Trump has backfired so spectacularly that it could jeopardize the future of those Musk businesses—unless a seeming weekend ceasefire between the two men can hold. The unraveling of the relationship between Musk and the U.S. president was weeks in the making, as Musk gradually wore out his welcome... Read more ›
2
Dozens of investment funds that bet on mature startups before the Federal Reserve hiked interest rates in early 2022 got creamed. Not Sands Capital, which began investing in public stocks 33 years ago but decided to get into startup investing in 2014. The reason: The firm’s biggest late-stage private tech fund paused making investments in new startups in August 2021, after its managers felt founders were seeking valuations that were... Read more ›
42
Meta Platforms is in talks to make a multibillion-dollar investment into the data-labeling startup Scale AI, Bloomberg reported. The investment could exceed $10 billion in value, which would make it Meta’s largest external investment in AI yet. Scale was valued at $14 billion last May in a ... Read more ›
0
Welcome, Weekenders! In this newsletter:• The Big Read: Why Eric Schmidt and Jeff Bezos are sky-high on space data centers• The Arena: Online gambling’s toxic content problem • Opinion: AI has only made coding skills even more essential, Hadi Partovi argues• Plus, our Recommendations: Massachusett’s major wager; Aristotle’s pastime; and a pair of twisty sistersBillionaire divorces can get nasty. Just ask Stevie Cohen or Ken Griffin. And certainly Elon Musk... Read more ›
31
Another year, another viral tweet argues against “learning to code.” The latest one comes with cherry-picked data implying that art history majors outperform computer scientists in labor markets. Yet the underlying data from the Federal Reserve Bank of New York prove the opposite. Art history grads have low unemployment—just 3%—because they are actually underemployed: 47% work in low-wage jobs that require no college degree and earn almost half the median... Read more ›
40
As a triple Olympic champion, Sports Illustrated and Vogue model, and Harvard alum, sprinter Gabby Thomas attracts thousands of fans wherever she competes. She also attracts some genuine weirdos. Last weekend, for example, a man attending Thomas’ race in Philadelphia began to loudly berate her—yelling that she was a “choke artist” and that she was “goin’ down.” Thomas finished fourth, and on Monday, the man tweeted a video of his... Read more ›
8
The leader of Tesla’s Optimus humanoid robotics program, Milan Kovac, is leaving the company, a setback for what CEO Elon Musk has said will eventually become a core part of the business. Kovac, who first joined the company in 2016 and took over Optimus in 2022, confirmed his departure on X ... Read more ›
0
Forget the Musk-Trump drama for a moment. Next week is WWDC, Apple’s annual developer conference, when the iPhone maker shows off slick new software features coming later in the year. I’m tempted to say this year’s event will be more in the spotlight than usual, except that might be difficult to assert given the massive attention Apple gets for the most minor product news. And judging from this Bloomberg report... Read more ›
7
Walmart plans to offer deliveries using drones from Alphabet subsidiary Wing from 100 stores in five new U.S. cities, the retailer said Thursday. The retail giant is adding Wing drone deliveries from stores in Atlanta, Charlotte, Houston, Orlando and Tampa, on top of existing drone operations in ... Read more ›
0
Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, said Friday it has filed confidentially for an initial public offering. The announcement came after Circle’s blockbuster IPO yesterday and confirmed a March report by Bloomberg that Gemini has filed S-1 ... Read more ›
0
Most popular sources
Financial Times
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26% 23 |
Business Insider
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22% 1 |
Ars Technica
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7% 10 |
Tom's Hardware
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6% 3 |
Engadget
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5% 3 |
| View sources » | |
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07.11.2025 16:46
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