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Former Uber CEO and co-founder Travis Kalanick is preparing to launch a new self-driving car company with major backing from the ride-hailing giant, according to several people familiar with the matter. Kalanick has also been discussing acquiring the startup founded by Anthony Levandowski, ...
Unlike London’s Wembley Stadium, with its arcing steel crown, or the University of Michigan’s Big House, cavernous and iconic, Barcelona’s Cupra Arena is easy to miss. It occupies a dockside warehouse on the outskirts of the city, unremarkable from the road, if not for the gusts of applause that rattle the corrugated walls. It’s home to the Kings League, an internet-first remix of soccer—part...
Elon Musk says he’s rebuilding xAI from the ground up after the vast majority of its founding staff left the company. “xAI was not built right first time around, so is being rebuilt from the foundations up,” Musk said in an X post on Thursday. “Same thing happened with Tesla.” Musk also said ...
On Friday morning, lawyers representing Elon Musk, OpenAI and Microsoft will file into a federal courtroom in Oakland, Calif., where a judge will resolve some crucial questions that remain outstanding before Musk’s lawsuit against OpenAI goes to a trial next month. Among them: whether Musk can rely on the testimony of his damages expert, an economist who says OpenAI could be on the hook for up to...
Startups hoping to go public this year will need plenty of grit to get their shares listed.
A rout in software stocks over fears AI will make their businesses irrelevant had already poured cold water on many startups’ initial public offering plans. Then the Middle East war made companies even more nervous about testing a volatile stock market. What’s more, a looming SpaceX and possibly OpenAI...
Meta’s new foundational model, code-named Avocado, has come up short of competitors’ AI models, prompting the company to delay its release, The New York Times reported Thursday. The company is pushing out Avocado’s rollout, which was supposed to happen this month, to at least May, the report ...
The Saaspocalypse may have claimed another scalp! Adobe said Thursday its longtime CEO and chair, Shantanu Narayen, had decided to give up the job as soon as his replacement can be found. Less than two months ago, Adobe had given Narayen an annual grant of stock, to vest based on the company's stock performance 2028, suggesting the board wasn’t expecting the CEO to leave anytime soon. Perhaps...
Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and Microsoft, is in talks to take control of one of the largest available sites for AI data centers in the U.S., according to people with knowledge of the talks and fundraising documents viewed by The Information.
A deal to buy the site, located in West Virginia, would make the young U.K.-based cloud...
Google completed its $32 billion purchase of Wiz this week, finalizing a real windfall for those who invested in the cybersecurity startup. But even the tech investors who missed out on backing Wiz stand to benefit.After many years of regulatory challenges from the U.S. and abroad, the ability for a big tech company to complete a mega deal flashes a green light for others to follow.
BuzzFeed is “exploring strategic options” to close the gap between its roughly $26 million market capitalization and what executives see as the value of the digital media firm’s assets, the company said Thursday. BuzzFeed shares fell 10% in after-hours trading. BuzzFeed CFO Matt Omer said in a ...