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Alphabet CEO Sundar Pichai is close to achieving billionaire status, thanks to his generous stock compensation—and he’s only likely to get richer. Alphabet revealed in a securities filing late Friday that it had awarded him several new grants of stock, to vest over the next three years, which could potentially be worth nearly $700 million. We say “potentially” because he’ll only get that much...
The war in Iran is complicating plans by Gulf nations to spend more than $300 billion on data centers, chips and other AI investments, crimping a potential source of funding for power-hungry tech companies.
Countries such as the UAE and Saudi Arabia have become big destinations for data centers. Local firms are developing the projects, along with U.S. companies such as xAI, OpenAI, Microsoft,...
Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ...
OpenAI’s robotics chief said Saturday that she was leaving OpenAI over its negotiations with the Department of Defense. “Surveillance of Americans without judicial oversight and lethal autonomy without human authorization are lines that deserved more deliberation than they got,” Caitlin ...
Welcome, Weekenders! In this newsletter:• The Big Read: Inside Anne Wojcicki’s plan to revive 23andMe• News Analysis: The week Anthropic went to war with OpenAI and the Pentagon• The Information Events: Tennis enters the analytics era at our Indian Wells retreat• Plus, Recommendations—our weekly pop culture picks: “Data,” “A Scandal in Königsberg” and “Paradise”No one in tech has ever gotten very...
Alphabet granted CEO Sundar Pichai new stock awards with a potential value of $686 million, the company said in a securities filing on Friday, citing his “strong performance” in the top job. It was the largest series of grants Pichai has received since he became CEO of Google in 2015. The ...
As the action unfolded at the BNP Paribas Open this week, The Information gathered dozens of tech and finance leaders for two days of tennis and tech conversations on the sidelines of the conference in Indian Wells, Calif., near Palm Springs.
There are fierce battles over principles, and then there are grudge matches. In recent days, Anthropic has engaged in an extraordinary mix of both.
For over a week, the AI startup and its CEO, Dario Amodei, have been locked in an intense struggle with the Pentagon over Anthropic’s refusal to let the military use its technology for domestic surveillance and to control autonomous weapons systems....
SoftBank Group is working with four banks including JPMorgan Chase on a $40 billion loan to help fund its new investment in OpenAI, according to a person with knowledge of the discussions. The bridge loan would have a one-year tenor, according to the person, and be the largest U.S. ...
Oracle and OpenAI will not expand their data center footprint at their Abilene, Texas campus beyond the initial 1.2 gigawatts, at a site being developed by startup Crusoe, according to people with direct knowledge of the situation. Oracle has leased eight buildings in Abilene for OpenAI, with ...