How much do foundation models matter? It might seem like a silly question, but it comes up a lot in conversations with AI startups. These companies are increasingly comfortable with businesses that were once dismissed as “GPT wrappers,” meaning they…
Tesla shareholders are set to vote in November on a proposed ten-year compensation package for CEO Elon Musk that could be worth up to one trillion dollars. Board chair Robyn Denholm recently spoke to defend what would be the largest…
California’s state senate gave final approval early on Saturday morning to a major AI safety bill that sets new transparency requirements for large companies. As described by its author, state senator Scott Wiener, SB 53 requires large AI labs to…
Hike, once one of India’s most valuable startups with unicorn status, has become the latest casualty of New Delhi’s recent real-money gaming ban. The company, led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal, is now shutting…
President Donald Trump made countering immigration one of his flagship issues during his presidential campaign, promising an unprecedented number of deportations. In his first eight months in office, that promise resulted in around 350,000 deportations. This figure includes deportations by…
Elon Musk’s AI startup xAI laid off 500 team members on Friday night, according to internal messages viewed by Business Insider. The emails reportedly announced an immediate strategic pivot, with the company deciding to accelerate the expansion of its specialist…
The all-electric Ram 1500 REV pickup truck is dead. Long live the extended-range Ram 1500 REV, which was once called the Ramcharger. Stellantis, the parent company of Ram, announced it will no longer develop a battery-electric full-size pickup. The company…
This week, OpenAI and Oracle surprised the markets with a new five-year agreement valued at three hundred billion dollars. This deal is part of a surge of new business that sent the cloud provider’s stock skyrocketing. However, the markets should…
Rainmaker Technology’s proposal to deploy cloud-seeding flares on small drones is facing resistance from the airline pilots union. The union has urged the Federal Aviation Administration to consider denying the startup’s request unless it meets stricter safety guidelines. The FAA’s…
Investors approached transit software startup Via’s initial public offering with caution on Friday. Shares opened below the company’s IPO price before making a modest recovery by the end of the trading day. The company, which had confidentially filed for its…
