A Nokia pension plan has told some U.S. VC funds that it was selling its stakes in those funds, The Information reported on Thursday. Lexington Partners, a New York investment firm that specializes in buying VC funds and startup shares from other investors, bought some of those stakes, worth ... Read more ›
0
Elon Musk has left the building—the White House, that is. President Donald Trump gave Musk a farewell press conference today, complete with a golden key (literally), marking the end of Musk’s formal time overseeing the Department of Government Efficiency. While both Trump and Musk said the Tesla CEO would visit Washington from time to time, Musk has made it clear his focus is now firmly back on his companies.As polarizing... Read more ›
0
A federal judge questioned whether he should impose restrictions on Google’s actions in AI in order to address its illegal monopoly in search, as both the government and Google made their closing arguments in the remedies phase of the Google search monopoly trial on Friday, Bloomberg reported. ... Read more ›
0
Mary Meeker says artificial intelligence is growing faster than anything that came before it. The technology has spread rapidly across the globe and “AI leadership could beget geopolitical leadership.” The most famous internet analyst of the dot-com boom era says that and a lot more in a 340 ... Read more ›
7
The tightening of U.S. chip export controls on China has forced Chinese artificial intelligence developers such as DeepSeek to get creative, finding more efficient ways to train AI models on limited computing resources. And that creativity is likely to continue, according to two Chinese investors and startup founders who spoke at a subscriber call for The Information this week. “When we witnessed DeepSeek’s V3, we started to see that we... Read more ›
0
President Donald Trump said that “almost all” the employees with Elon Musk’s Department of Government Efficiency are staying behind in the administration after Musk leaves this week. Trump made the comments at a joint press conference with Musk in the Oval Office Friday, during which Musk said ... Read more ›
0
Banking app Chime has discussed about an $11 billion valuation with investors ahead of its initial public offering this month, The Information reported. That would rise from the about $8 billion its bankers were discussing earlier this month, but down from the $25 billion mark at which it ... Read more ›
0
Microsoft has hired a former Biden administration official—and promoted a former Trump official—to serve in two senior legal roles as the company aims to maintain friendly relationships with both Democrats and Republicans in Washington. Microsoft hired former Biden administration lawyer Lisa ... Read more ›
0
When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds. Chime, for instance, was valued at $25 billion in 2021, but its bankers have been discussing pricing its shares at roughly an $11 billion valuation, a person familiar with the matter said. It expects to... Read more ›
31
Artificial intelligence really does make mistakes—sometimes big ones. Last weekend, I put half a dozen emails with details of airplane and hotel bookings for an upcoming vacation into Google’s NotebookLM and asked it to write me an itinerary. The resulting document read great—until I realized it listed a departure date 24 hours later than the actual one, which could have been disastrous. Similarly, my colleague Jon Victor today wrote about... Read more ›
0
A few months ago, I wrote about a number of early-stage startup founders who chose not to raise venture capital after an initial seed round, instead running their startups on the sales their businesses were generating. Dan Shipper, founder of media and artificial intelligence software startup Every, is taking this “seed-strapping” approach a step further.His 14-person startup said last week it had raised $2 million in seed funding from LinkedIn... Read more ›
0
Less than 24 hours after Elon Musk announced he was leaving the Trump administration, several other prominent figures involved in the Department of Government Efficiency have made plans to leave as well. A White House official confirmed Thursday that Steve Davis, a longtime Musk lieutenant and ... Read more ›
0
After explosive growth, a generation of beauty brands that blew up on TikTok over the past few years seemed at risk of stalling out. Startups selling lip gloss and body creams lined up bankers last year, hoping for sales to larger consumer product companies. Then few of those deals actually happened.That is, until Wednesday, when Elf Beauty said it was paying up to $1 billion for Hailey Bieber’s Rhode beauty... Read more ›
12
OpenAI has backed off on its plans to carve out its for-profit business, which is responsible for ChatGPT, from its nonprofit charity arm. However, OpenAI’s new proposal to restructure its ownership hasn’t won over nonprofit advocates who opposed the original plan. The advocates are pressing the attorneys general in Delaware and California to ensure the restructuring doesn’t shortchange the charity. OpenAI said in early May that it would convert the... Read more ›
8
Meta Platforms and Anduril, a defense technology startup, on Thursday announced a partnership to design and build augmented and virtual reality devices for the U.S. military. The devices will use Meta’s artificial intelligence models, as well as a software from Anduril called Lattice, which has ... Read more ›
0
Elf Beauty shares surged more than 25% Thursday morning, a day after the company announced it would acquire influencer and model Hailey Bieber’s skincare and makeup company Rhode. The deal could value Rhode as high as $1 billion—Elf will pay $600 million in cash and $200 million worth of Elf ... Read more ›
11
Since the start of this year, Nvidia CEO Jensen Huang has been thrust into an unexpected new role—chief lobbyist for his company—forcing him to carry its hopes, suggestions and pleas directly to President Donald Trump. Many of Huang’s conversations with Trump have happened at Mar-a-Lago, Trump’s residence and private club in south Florida, and Huang has made far more visits there than have been publicly reported, according to a person... Read more ›
2
Some businesses are waking up to the downsides of automated coding products. While most customers cite huge gains in developer productivity from tools like GitHub Copilot, Cursor, or Anthropic’s Claude, the code they generate sometimes doesn’t work as expected—or worse, it can make a business vulnerable to hacking or a data leak.The risks can be high when it comes to starting up a software project from scratch using simple text... Read more ›
33
Business Insider is laying off 21% of its employees, the Axel Springer-owned publication’s CEO Barbara Peng said in a memo to staff on Thursday. Peng said the cuts will affect all departments as the digital media firm moves away from businesses that are reliant on user traffic. Peng said 70% of ... Read more ›
0
Amazon will license editorial material from The New York Times to train its artificial intelligence models, the companies said Thursday. Editorial content from The New York Times, as well from NYT Cooking and from sports-focused Times subsidiary The Athletic, will also appear in Amazon products ... Read more ›
0
Most popular sources
Business Insider
|
30% 28 |
Wired
|
11% 4 |
MacRumors
|
10% 7 |
Eurogamer.net
|
7% 7 |
Vox
|
6% 3 |
| View sources » | |
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06.11.2025 02:45
Last update: 02:35 EDT.
News rating updated: 09:41.
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