It’s CEO replacement time. Both Walt Disney Co. and PayPal named new chief executives on Tuesday, with each appointment symbolizing major business shifts. Disney named parks chief Josh D’Amaro to succeed longtime CEO Bob Iger, who turns 75 next week (D’Amaro is Iger’s second successor, after the first one flopped so badly Iger had to return to save the day.) Disney’s announcement was long expected. PayPal, in contrast, made a... Read more ›
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The Department of Justice and plaintiff states on Tuesday appealed a judge’s ruling on how Google’s search businesses should change in the wake of an earlier finding that it was an illegal monopoly. Their appeal came two weeks after Google also appealed the ruling. The remedies decision last ... Read more ›
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Shares of enterprise software stocks tumbled Tuesday as worries over new AI tools replacing traditional enterprise software subscriptions deepened following Anthropic’s release of its latest tool to automate legal tasks. Shares of Snowflake, Atlassian, MongoDB, Elastic and Hubspot fell more than ... Read more ›
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Businesses such as Microsoft are increasingly nudging their employees to utilize AI to get more done. Others are forcing the issue.One of the biggest firms to take the more aggressive path is Meta Platforms, which at the end of December had 78,865 employees. Read more ›
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PayPal named Enrique Lores as its next CEO on Tuesday, saying the company had fallen short of expectations on efforts to jumpstart growth. Lores, who has been the CEO of HP for six years, will replace Alex Chriss, a former Intuit executive who joined PayPal in mid-2023. PayPal shares fell more ... Read more ›
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The Paris office of Elon Musk’s X was raided by French police on Tuesday, as prosecutors summoned Musk and former CEO Linda Yaccarino for questioning as part of a broadening investigation into the social media service, according to a statement from the Paris prosecutor. The prosecutor’s office ... Read more ›
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Investors usually fund startups based on metrics involving revenue, profits or product usage. But investors backing newer AI research startups that are taking on Anthropic and OpenAI have to rely on other measures of success, such as incremental research breakthroughs or recent talent hirings. One example is AI math startup Axiom, which is raising more than $100 million in new funding led by Menlo Ventures, a major Anthropic backer, at... Read more ›
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Walt Disney Co. named its theme parks chief, Josh D’Amaro, to succeed Bob Iger as CEO on March 18, ending a years-long search. The selection immediately raises the question of whether D’Amaro will be more successful than Iger’s previous successor—another parks veteran, Bob Chapek—in taking the ... Read more ›
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When Stripe acquired crypto startup Bridge last year, it described stablecoins as financial services “superconductors.” Thanks to Bridge, Stripe has since integrated stablecoins into an array of products, such as stablecoin cards that allow customers to spend crypto anywhere. Using stablecoins for payments turns out to be harder than it looks. After Stripe launched one of its new Bridge cards in partnership with another crypto firm in January, scammers instantly... Read more ›
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Elon Musk rammed through the combination of his space company, SpaceX, with his AI startup, xAI, on Monday, merging the shiniest jewel in his business empire with his most money-losing firm. The deal—which valued xAI at $250 billion and SpaceX at $1 trillion, according to people familiar with the situation—comes as xAI battles to catch up to rivals such as OpenAI, Google and Anthropic. The deal shows how quickly the... Read more ›
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Self-driving ridesharing service Waymo said Monday it has raised $16 billion at a $126 billion valuation. The valuation includes the size of the investment, according to an investor in the round. Dragoneer Investment Group, DST Global and Sequoia Capital led the round, it said. Waymo said that ... Read more ›
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Talk about pie in the sky. On Monday, Elon Musk announced that his SpaceX had acquired his cash-eating xAI, at a price we reported to be $250 billion. SpaceX was already planning to go public, but now xAI will be able to get some of the cash the newly enlarged company will raise. Of course, that’s not how Musk explained the combination. Instead, he framed the merger as a way... Read more ›
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Elon Musk said in a press release posted to SpaceX’s website Monday that the space company had acquired xAI. Musk did not provide details of the purchase price or how the deal could affect SpaceX’s potential IPO this year. “SpaceX has acquired xAI to form the most ambitious, ... Read more ›
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SpaceX chief financial officer Bret Johnsen was scheduled to hold a call with investors at 5 pm EST on Monday to discuss the company’s acquisition of xAI, according to a person with direct knowledge. The call comes as some SpaceX investors are concerned about having their shares of the rocket ... Read more ›
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Snowflake has inked a $200 million, multi-year agreement with OpenAI, under which it will incorporate the startup’s AI models in its own application-building service and equip its employees with OpenAI’s business version of ChatGPT. The agreement with Snowflake, which sells a cloud database ... Read more ›
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There are plenty of tech luminaries whose correspondence with Jeffrey Epstein has turned up in the files of the disgraced financier. But few of those exchanges are quite like those that Epstein had with Masha Bucher, who is now a well-known venture capitalist. On June 25, 2019, 11 days before Epstein was arrested and charged with sex trafficking of minors, he asked Bucher—who was then acting as a publicist for... Read more ›
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Elon Musk appeared to confirm that SpaceX and xAI are considering a merger in an X post on Monday. Musk responded “yes” to a post from a space-focused investor who quoted a Bloomberg story about SpaceX and xAI being in advanced merger talks. In the post that Musk responded to, the investor Aaron ... Read more ›
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Right now, money and attention is focused on building infrastructure for AI. What’s coming next, though, is AI for infrastructure: using the very same technology to make the power and industrial systems we’re building cheaper, better and faster.Since its founding in 2016, venture investor Blue Bear Capital has allocated about $350 million across 40 startups that boost grid efficiency, increase performance of renewables and industrial assets, and better analyze energy... Read more ›
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If you’ve been online in the past few days, you’ve likely been bombarded with words like “Moltbook,” “OpenClaw” and “Clawdbot.” We’re here to break down what it means and how it’s giving us a peek into how AI might evolve.OpenClaw is an open-source AI agent released late last year that can write code, edit files and surf the web to complete tasks on behalf of users. (The agent was originally... Read more ›
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Microsoft is in Wall Street’s doghouse. The company’s shares have lagged the S&P 500 index for the past few months, and the big stock sell-off that followed last Wednesday’s earnings report has left them trading at their lowest value, as a multiple of operating profits, since 2022. Investors were responding to a slight slowdown in growth at the company’s closely watched cloud computing business, Azure—but they’re missing the bigger picture.... Read more ›
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29.07.2026 21:59
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