Banking executive and former presidential advisor Dina Powell McCormick and Stripe co-founder and CEO Patrick Collison…
Tag: In Brief
GM cuts 500 jobs because of weak demand for BrightDrop electric vans
General Motors is laying off 500 workers at a factory in Canada because of weak demand…
Mira Murati’s AI startup is reportedly aiming for a massive $2B seed round
Thinking Machines Lab, the new AI startup from ex-OpenAI CTO Mira Murati, is reportedly attempting to…
Klarna and StubHub delay IPOs because of Trump tariff turmoil
The tentative re-opening of the IPO window is already swinging towards being closed again. With the…
Intel and TSMC are reportedly launching a joint chipmaking venture
Semiconductor giants Intel and TSMC are reportedly teaming up. The two firms are said to have…
Andreessen Horowitz is trying to nab a piece of TikTok with Oracle, report says
The venture capital firm is reportedly in talks to invest in TikTok as part of a…
CaaStle board confirms financial distress, furloughing employees
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became…
Fashion startup CaaStle appears to be in trouble
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018…
OpenAI disables video gen for certain Sora users as capacity challenges continue
OpenAI is still struggling to overcome the capacity issues brought on by the viral image generation…
Google claims news is worthless to its ad business after test involving 1% of search results in eight EU markets
Google has reported the results of an experiment it ran which removed news from search results…
Apple loses appeal against Germany’s special abuse control for Big Tech
Being a staggeringly successful big tech company does have some downsides: Apple has lost an appeal…
Texas man faces prison for activating ‘kill switch’ on former employer’s network
Texas software developer Davis Lu faces up to 10 years in prison after a federal jury…
UK’s secret iCloud backdoor order triggers civil rights challenge
The U.K. government’s secret order to Apple demanding it backdoor the end-to-end encrypted version of its…
OpenAI says it has trained an AI that’s ‘really good’ at creative writing
Watch out, fiction writers. OpenAI may have you in its crosshairs. In a post on X…
Trump administration in talks with four groups about potential TikTok sale
President Donald Trump says his administration is in talks with four different groups about the sale…
Shield AI raises $240M at a $5.3B valuation to commercialize its AI drone tech
Shield AI, the San Diego defense tech startup that builds drones and other AI-powered military systems,…
OpenAI reportedly plans to charge up to $20,000 a month for specialized AI ‘agents’
OpenAI may be planning to charge up to $20,000 per month for specialized AI “agents,” according…
EU must ‘fully’ apply its market fairness rulebook on Google, search rivals urge
The European Union is once again being urged to expand its investigation of Google under the…
Apple is challenging U.K.’s iCloud encryption backdoor order
Apple is challenging a U.K. Government data access order in the Investigatory Powers Tribunal (IPT), the…