Amazon sends legal threat to Perplexity over agent browsing
Amazon has instructed Perplexity to remove Agent Browser from its online store, the companies publicly confirmed on Tuesday. After warning Perplexity multiple times that its AI-powered shopping assistant Comet was violating Amazon’s terms of service by not disclosing its agent status, the e-commerce giant sent the AI search engine startup a sharply worded cease and […]
Beta Technologies ends its first day in the green on the New York Stock Exchange, raising $1 billion
Shares of electric aviation startup Beta Technologies fell on Tuesday after the company raised a whopping $1 billion and went public on the New York Stock Exchange. The Vermont-based company priced its IPO stock at $34, above its expected range of $27 to $33. Beta Technologies sold 29.9 million shares, raising an additional $1 billion […]
Rivian creates another spinoff company called Mind Robotics
Rivian launched a second spinoff company this year, an industrial AI and robotics venture called Mind Robotics. According to the company’s third-quarter shareholder letter issued Tuesday, the new efforts will focus on “leveraging industrial AI to reimagine how businesses operate in the physical world and leverage Rivian’s operational data as the foundation for the robotics […]
Sequoia names Alfred Lin and Pat Grady new co-stewards following Roelof Botha’s resignation
Just over three years after becoming Sequoia Capital’s top leader, Roelof Botha is stepping down from his senior management role at the storied venture capital firm. The company announced Tuesday that partners Alfred Lin and Pat Grady will replace him as co-stewards. Lin joined the storied company in 2010 and has led major investments in […]
Sora is now available on Android in the US, Canada, and other regions
Sora, OpenAI’s AI video generator, is now officially available for Android users in the United States, Canada, Japan, South Korea, Taiwan, Thailand, and Vietnam. Sora was first released as an iOS app in September and quickly rose to the top of the App Store charts, racking up more than 1 million downloads in one week. […]
Norway’s wealth fund vote marks latest blow to Musk’s $1 trillion pay package
Norway’s sovereign wealth fund has voted against Tesla’s proposal to give CEO Elon Musk a payout worth $1 trillion. The fund, managed by Norges Bank Investment Management (NBIM), holds a 1.14% stake in Tesla worth about $11.7 billion, according to an interim report in June. “While we appreciate the significant value created under Mr. Musk’s […]
Report finds mobile phone location data of EU officials being sold
Journalists in Europe have found it “easy” to spy on senior European Union officials using commercially obtained location histories sold by data brokers, despite the continent having some of the strongest data protection laws in the world. Netzpolitik reports that EU officials are “concerned” about the trade in mobile phone location data of citizens and […]
Anthropic plans $70 billion in revenue by 2028: Report
Anthropic expects to generate up to $70 billion in revenue and $17 billion in cash flow in 2028, the Information reported. The growth forecast is being driven by rapid adoption of Anthropic’s business products, a person familiar with the company’s finances said. Reuters reported last month that Anthropic’s annual sales are expected to more than […]
Tesla’s Master Plan 4 still lacks details ahead of Musk’s $1 billion compensation vote
More than two months ago, Tesla announced its fourth “Master Plan.” This is a thin post about how the company wants to spread “sustainable wealth” through its future products. Unfortunately, the details are sparse, but that hasn’t stopped Tesla from making it the centerpiece of its bid to convince shareholders to hand CEO Elon Musk […]
WhatsApp releases long-awaited Apple Watch app
WhatsApp announced on Tuesday that it is releasing an Apple Watch companion app. For the first time, WhatsApp users will be able to use their Apple Watch to receive incoming call notifications, read full messages, and record and send audio messages. “This new experience lets you stay on top of your chats without having to […]