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Zoom Restores Service After Hours-Long Outage
Zoom Restores Service After Hours-Long Outage
Zoom has announced that its service is back online following a significant outage that lasted several hours on Wednesday afternoon. The disruption began around 11:40 a.m. Pacific time, causing over 59,000 users to report issues accessing the platform, including login difficulties and connection errors. The company's website and media inquiry inbox were also affected. While the exact cause of the outage remains unclear, speculation suggests it may have been related to DNS issues. Zoom expressed gratitude for users' patience in a post on X.
Created at: April 17, 2025 12:00am
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Chris Krebs Takes Stand Against Trump-Ordered Investigation
Chris Krebs Takes Stand Against Trump-Ordered Investigation
Former CISA chief Chris Krebs has pledged to fight against a federal investigation initiated by President Trump. In a recent interview, Krebs announced his resignation from cybersecurity firm SentinelOne to challenge allegations that he falsely denied the 2020 election was rigged. Trump, who appointed Krebs in 2018, stripped him of his security clearance after Krebs publicly debunked election fraud claims. Krebs criticized the government's actions as punitive against dissenters, joining others in opposing Trump's use of executive power to target critics.
Created at: April 16, 2025 10:00pm
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Zuckerberg Claims Snapchat's Growth Would Have Soared with $6B Buyout
Zuckerberg Claims Snapchat's Growth Would Have Soared with $6B Buyout
During a recent antitrust trial, Meta CEO Mark Zuckerberg asserted that Snapchat would have experienced accelerated growth had it accepted Meta's $6 billion buyout offer in 2013. He speculated that Meta could have enhanced Snapchat's app performance. This claim emerged as the government presented evidence of Meta's acquisition strategies, arguing they reflect a desire to maintain market dominance rather than healthy competition. The FTC is pushing for Meta to divest Instagram and WhatsApp, alleging that their acquisition created an illegal monopoly in social media.
Created at: April 16, 2025 8:30pm
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OpenAI in Acquisition Talks to Buy Codeium for $3B, Competing with AI Coding Assistants
OpenAI in Acquisition Talks to Buy Codeium for $3B, Competing with AI Coding Assistants
OpenAI is reportedly negotiating to acquire Codeium, the creator of the AI coding assistant Windsurf, for approximately $3 billion. This potential acquisition could position OpenAI against other coding assistant companies like Anysphere's Cursor, which it previously supported through its Startup Fund. The move raises concerns about the integrity of the Startup Fund, given its investment in Cursor. Windsurf users have received emails hinting at a significant announcement, while OpenAI's product chief recently praised Windsurf. Codeium, founded in 2021, has raised $243 million and reported $40 million in annual recurring revenue.
Created at: April 16, 2025 8:00pm
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NSO Group's Spyware Customers Revealed: Mexico, Saudi Arabia, Uzbekistan Named
NSO Group's Spyware Customers Revealed: Mexico, Saudi Arabia, Uzbekistan Named
In a recent court hearing, NSO Group's lawyer revealed that Mexico, Saudi Arabia, and Uzbekistan were customers involved in the 2019 WhatsApp hacking campaign using Pegasus spyware. This marks the first public acknowledgment of NSO's clientele after years of silence on the matter. The lawsuit, filed by Meta-owned WhatsApp, alleges that over 1,400 users were targeted, including activists and journalists. The lawyer hinted at additional customers, with at least eight mentioned in the case. WhatsApp's spokesperson expressed eagerness for the trial to seek damages and protect user privacy.
Created at: April 16, 2025 4:01pm
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Apple Leads Race to Eliminate Carbon Emissions by 2030
Apple Leads Race to Eliminate Carbon Emissions by 2030
Apple is making significant strides in its commitment to reduce carbon emissions, reporting a 60% decrease since 2015. Competing with Microsoft and Amazon, Apple aims to achieve a 75% reduction by 2030. The company is addressing hard-to-tackle Scope 3 emissions by partnering with semiconductor suppliers to cut fluorinated gases. Recently, Apple announced plans to buy renewable power for customers of its products. The carbon footprint of different Mac Mini models underscores the environmental impact of semiconductor manufacturing. Apple plans to offset remaining emissions through carbon removal initiatives.
Created at: April 16, 2025 4:00pm
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Last Chance to Shine at TechCrunch Sessions: AI with Exhibit Table
Last Chance to Shine at TechCrunch Sessions: AI with Exhibit Table
TechCrunch Sessions: AI is approaching, and the deadline to secure an exhibit table is fast approaching. Scheduled for June 5 at UC Berkeley, the event will gather over 1,200 AI leaders, VCs, and innovators eager to discover groundbreaking technologies. Exhibitors can showcase their innovations, gain brand credibility, and connect with industry leaders. The final opportunity to reserve a table is May 9 at 11:59 p.m. PT. Don't miss out on this chance to highlight your contributions to the future of AI.
Created at: April 16, 2025 3:01pm
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Deck Secures $12 Million to 'Plaid-ify' the Internet with AI
Deck Secures $12 Million to 'Plaid-ify' the Internet with AI
Deck, a Montreal-based startup, has raised $12 million in Series A funding led by Infinity Ventures, bringing its total funding to $16.5 million since its inception in January 2024. The company aims to unlock user-permissioned data across the web, automating data extraction from platforms lacking APIs. With a focus on utility companies, Deck enables developers to access vital data without manual effort. The founders, who previously launched the successful startup Flinks, believe their technology addresses the fragmented nature of data across industries. Deck's innovative approach positions it as a leader in the evolving user-permissioned data landscape.
Created at: April 16, 2025 3:00pm
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AMD Faces $800M Charge Due to U.S. AI Chip Export Controls
AMD Faces $800M Charge Due to U.S. AI Chip Export Controls
AMD has reported a potential $800 million charge related to new U.S. export license requirements for AI chips. The regulations affect the company's MI308 GPUs, and if AMD fails to secure the necessary licenses, it may incur substantial inventory and purchase commitment losses. The company's stock fell by about 7% in pre-market trading following the announcement. This move by the U.S. government aims to protect national security by restricting AI chip exports to China and other specified countries. Competitor Nvidia also anticipates significant financial impacts from similar regulations.
Created at: April 16, 2025 1:30pm
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Lyft Acquires FREENOW for $197M, Expanding into Europe
Lyft Acquires FREENOW for $197M, Expanding into Europe
Lyft has announced its acquisition of FREENOW, a German multi-mobility app, for approximately $197 million in cash, marking its entry into the European market. This strategic move will significantly expand Lyft's reach, which has been limited to the U.S. and Canada since its inception in 2012. FREENOW operates in nine countries, including key markets like Germany and the UK. The merger is expected to increase Lyft’s addressable market and annualized gross bookings substantially. Both companies aim for a seamless integration of services for riders across North America and Europe.
Created at: April 16, 2025 1:30pm
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Hammerspace Secures $100M Funding to Enhance Data Access for AI Firms
Hammerspace Secures $100M Funding to Enhance Data Access for AI Firms
Hammerspace, a data management platform used by industry giants like Nvidia and Tesla, has announced a $100 million funding round, valuing the company at over $500 million. The funding, described as a strategic venture round, will be utilized to bolster sales and marketing efforts, enhancing its market presence. Hammerspace enables organizations to access fragmented data across various systems seamlessly, addressing a critical gap in the data market. With increasing demand for AI solutions, Hammerspace aims to solidify its role in the evolving data landscape and may consider an IPO within the next two years.
Created at: April 16, 2025 11:30am
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xAI Grok Unveils 'Grok Studio': A Game-Changer for App Development and Document Creation
xAI Grok Unveils 'Grok Studio': A Game-Changer for App Development and Document Creation
xAI has launched Grok Studio, a new feature of its chatbot that allows users to build apps, edit documents, and generate code in real-time. This canvas-style interface competes directly with offerings from ChatGPT and Claude, enabling users to preview HTML snippets and execute programming languages like Python and JavaScript. Grok Studio also integrates with Google Drive, allowing seamless access to documents and spreadsheets. This update positions Grok as a comprehensive AI assistant for knowledge workers, boosting productivity in various workflows. Additionally, Grok can now remember past conversations with its new memory feature.
Created at: April 16, 2025 10:30am
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Tesla's Stock Faces 'Death Cross': What It Means for Investors
Tesla's Stock Faces 'Death Cross': What It Means for Investors
Tesla's stock has hit a troubling technical chart signal known as the 'death cross,' where the 50-day moving average dips below the 200-day average. This bearish indicator arrives as the stock has already lost over 30% of its value in 2025 amid market volatility and trade policy uncertainties. Analysts caution that while this signal raises alarms, it doesn't guarantee a significant downturn. Tesla's CEO Elon Musk's controversial public behavior has compounded investor concerns, and the broader market shows similar signs of instability. Investors are advised to remain cautious rather than panic.
Created at: April 16, 2025 10:00am
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Google Suspends 39.2 Million Ad Accounts in Major Fraud Crackdown
Google Suspends 39.2 Million Ad Accounts in Major Fraud Crackdown
In a significant move against ad fraud, Google announced the suspension of 39.2 million advertiser accounts in 2024, a dramatic increase from the previous year. Utilizing AI and large language models, the tech giant enhanced its ability to detect fraudulent activities before ads were served. Google's Ads Safety team, in collaboration with DeepMind researchers, implemented new policies leading to a 90% decrease in deepfake ad reports. The company also verified over 8,900 new election advertisers while removing millions of ads related to scams and policy violations. This crackdown reflects ongoing efforts to improve ad safety and transparency.
Created at: April 16, 2025 10:00am
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Elon Musk's Family Matters: More Children Than Previously Known?
Elon Musk's Family Matters: More Children Than Previously Known?
A recent Wall Street Journal investigation reveals that Elon Musk may have fathered more children than the 14 previously reported. The report indicates that Musk's family dynamics are managed by Jared Birchall, who oversees hush agreements with the mothers. One case involves Ashley St. Clair, who declined a $15 million deal for her silence after giving birth to Musk's son. Birchall reportedly warned that legal action would worsen outcomes for mothers involved. The complexities of Musk's personal life appear to be a significant part of his responsibilities alongside his business ventures.
Created at: April 16, 2025 5:00am
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US Government Imposes Export License on Nvidia's H20 AI Chips
US Government Imposes Export License on Nvidia's H20 AI Chips
Nvidia faces new U.S. export controls requiring a license for its H20 AI chips to China, citing concerns over potential supercomputer use. The indefinite license requirement could lead to $5.5 billion in charges for Nvidia in Q1 2026. The H20 chips are critical to the company, and their restricted export follows allegations of usage by China's DeepSeek AI startup. Despite a recent commitment to invest in U.S. AI manufacturing, Nvidia's stock fell 6% in after-hours trading. The situation highlights rising tensions between U.S. and Chinese technology sectors.
Created at: April 15, 2025 10:30pm
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Figma Issues Cease-and-Desist to Lovable Over ‘Dev Mode’ Trademark
Figma Issues Cease-and-Desist to Lovable Over ‘Dev Mode’ Trademark
Figma has sent a cease-and-desist letter to the no-code AI startup Lovable regarding its use of the term ‘Dev Mode’ for a new product feature. Figma successfully trademarked this term last year, despite ‘dev mode’ being a common industry term. The dispute highlights a potential tech industry rivalry, as Lovable positions itself as a competitor to Figma. While Figma aims to protect its trademark, some argue that the term is too generic for exclusive ownership. Lovable raised $15 million in February and may consider renaming its feature to avoid legal complications.
Created at: April 15, 2025 7:30pm
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Google Invests in Geothermal Energy for Data Centers in Taiwan
Google Invests in Geothermal Energy for Data Centers in Taiwan
Google has announced its first geothermal investment in Asia, committing 10 megawatts of geothermal power in Taiwan to enhance its renewable energy portfolio. The project, developed by Swedish firm Baseload Capital, has been underway since 2019, focusing on mapping geothermal resources in the region. This follows a previous agreement with geothermal startup Fervo, which connected a 3.5-megawatt plant in Nevada. By 2050, Taiwan aims to harness 6 gigawatts of geothermal energy, contributing to its sustainable energy goals and leveraging its position on the Ring of Fire.
Created at: April 15, 2025 6:30pm
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OpenAI Acquires Context.ai Team to Boost AI Model Evaluations
OpenAI Acquires Context.ai Team to Boost AI Model Evaluations
OpenAI has acquired the co-founders of Context.ai, a startup focused on AI model evaluations and analytics. Context.ai plans to discontinue its products following the acqui-hire. The startup, founded in 2023, raised $3.5 million in seed funding and developed tools for analyzing model performance. Co-founders Henry Scott-Green and Alex Gamble will focus on creating essential evaluation tools at OpenAI. The details of the acquisition remain undisclosed, and it's uncertain how many former Context.ai employees will join OpenAI's team moving forward.
Created at: April 15, 2025 6:30pm
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Anthropic Builds Team to Boost AWS AI Adoption
Anthropic Builds Team to Boost AWS AI Adoption
Anthropic has established a new team focused on recruiting AWS customers for its AI products, signaling a strengthened partnership with Amazon. This initiative aims to accelerate AI adoption among AWS users by developing scalable programs for global markets. Job postings indicate a search for leaders to manage significant revenue opportunities through this collaboration. Amazon has invested $8 billion in Anthropic, which optimizes its AI models for AWS infrastructure. The partnership has attracted regulatory scrutiny, with investigations from the FTC and UK’s CMA regarding competitive impacts.
Created at: April 15, 2025 6:00pm
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Deel CEO's Dubai Move Complicates Rippling's Lawsuit Efforts
Deel CEO's Dubai Move Complicates Rippling's Lawsuit Efforts
Rippling faces significant challenges in serving Deel CEO Alex Bouaziz, as both he and his lawyer have relocated to Dubai, a country known for its extradition difficulties. This legal battle revolves around allegations that Bouaziz bribed a Rippling employee in Ireland. French bailiffs were unable to locate him in Paris last week, prompting concerns about the lawsuit's progress. Deel's legal director, Asif Malik, is also in Dubai, allegedly involved in attempts to influence the case. Deel has denied all wrongdoing, while Rippling has not yet commented.
Created at: April 15, 2025 5:01pm
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Atomic: A New AI Solution for Streamlining Supply Chains
Atomic: A New AI Solution for Streamlining Supply Chains
Former Tesla supply chain leaders Michael Rossiter and Neal Suidan have launched Atomic, an AI-driven inventory management solution designed to optimize supply chains. Co-founded under DVx Ventures, Atomic has secured a $3 million seed round led by DVx, with participation from Madrona Ventures. The software enables quicker inventory planning, significantly reducing inventory costs by up to 50% for early customers in industries like food and apparel. With a focus on adaptability and speed, Atomic aims to transform supply chain management for all businesses dealing with physical goods.
Created at: April 15, 2025 4:30pm
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OpenAI Launches GPT-4.1 Without Safety Report Amid Backlash
OpenAI Launches GPT-4.1 Without Safety Report Amid Backlash
OpenAI has unveiled its latest AI model, GPT-4.1, which reportedly excels in programming benchmarks but lacks the customary safety report. The company stated this model is not a frontier model and therefore does not require a separate system card. Critics argue that the absence of safety evaluations raises concerns, especially as OpenAI has faced scrutiny over its transparency and safety practices. Former employees have expressed alarm, citing competitive pressures that may compromise safety testing. The move has sparked discussions on the necessity of safety reports in the AI industry.
Created at: April 15, 2025 4:30pm
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Zuckerberg's Bold Facebook Friend Deletion Idea Revealed in Antitrust Trial
Zuckerberg's Bold Facebook Friend Deletion Idea Revealed in Antitrust Trial
During the U.S. government's antitrust trial against Meta, CEO Mark Zuckerberg disclosed a controversial proposal to delete all Facebook friends to enhance the platform's relevance. This idea, intended to encourage users to rebuild their social connections, was ultimately rejected by Meta executives. Evidence presented highlighted Zuckerberg's exploration of alternative strategies, such as shifting to a follower-based model, which also did not materialize. Recently, Facebook has shifted focus back to friend connections by revamping its Friends tab to resemble its original format.
Created at: April 15, 2025 3:30pm
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AI Benchmarking Controversy: 'Pokémon' Games Highlight Flaws
AI Benchmarking Controversy: 'Pokémon' Games Highlight Flaws
Recent claims that Google's Gemini AI outperformed Anthropic's Claude in 'Pokémon' games have sparked debate over AI benchmarking. While Gemini reached Lavender Town, it utilized a custom mini map, presenting an unfair advantage. In contrast, Claude struggled with raw image decoding, underscoring the challenges in creating reliable benchmarks. Critics argue that such tailored testing environments distort true AI performance, complicating comparisons. This controversy calls for standardized benchmarking methods in the industry to ensure transparency and trust among consumers and researchers.
Created at: April 15, 2025 8:00am
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Meta Begins Collecting EU User Data for AI Training with Opt-Out Option
Meta Begins Collecting EU User Data for AI Training with Opt-Out Option
Meta has announced its plan to collect user data from European users to enhance its AI capabilities on platforms like Facebook and Instagram. The company is informing users about the data collection process through emails and in-app notifications, emphasizing that Europeans can opt out without needing to deactivate their accounts. This initiative follows extensive regulatory processes aimed at improving Meta's AI experience in Europe. Users' interactions and public posts will contribute to the AI training, though private messages will remain excluded from this data usage. Meta aims to prioritize user choice in this endeavor.
Created at: April 15, 2025 4:00am
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Hertz Confirms Data Breach Exposing Customers' Personal Information
Hertz Confirms Data Breach Exposing Customers' Personal Information
Hertz has alerted customers about a data breach resulting from a cyberattack on a vendor between October and December 2024. The breach compromised names, dates of birth, contact details, and driver’s licenses of customers from regions including Australia, Canada, and the EU. While 3,400 customers in Maine were confirmed affected, the total number may be much higher. The breach was linked to Cleo Software, which was previously targeted by a hacking group. Hertz stated that its own systems were not breached, but unauthorized third parties accessed customer data.
Created at: April 14, 2025 6:30pm
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Meta Resumes AI Training on Public Content in the EU Amid Privacy Concerns
Meta Resumes AI Training on Public Content in the EU Amid Privacy Concerns
Meta has announced that it will begin training its AI models on public content from Facebook and Instagram users in the EU, reversing a previous pause due to regulatory scrutiny. This decision follows a limited AI launch in the EU last month and is in alignment with the General Data Protection Regulation (GDPR) guidelines. Users will receive notifications explaining the data usage and have the option to opt out. Meta emphasizes the importance of training its AI on diverse European data to better understand local nuances. The company aims to comply with legal obligations while enhancing its AI capabilities.
Created at: April 14, 2025 3:31pm
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Kodiak Robotics to Go Public Through SPAC Merger
Kodiak Robotics to Go Public Through SPAC Merger
Kodiak Robotics, an autonomous trucking startup, plans to merge with Ares Acquisition Corporation II to go public, valuing the company at $2.5 billion pre-money. The deal is supported by over $110 million from institutional investors, including Soros Fund Management. While Kodiak has generated revenue from delivering autonomous trucks to Atlas Energy Solutions, the self-driving truck sector faces challenges with some competitors shutting down. The merger signals Kodiak's intent to expand its market presence and leverage its technology in trucking. The transaction is expected to close in late 2025.
Created at: April 14, 2025 2:00pm
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Nvidia Expands U.S. Manufacturing for AI Chips
Nvidia Expands U.S. Manufacturing for AI Chips
Nvidia has announced plans to establish over a million square feet of manufacturing space in Arizona and Texas aimed at ramping up AI chip production domestically. The company has commenced the production of its Blackwell chips in Phoenix and is building supercomputer plants in Houston and Dallas. Mass production is expected to increase within 12-15 months, with ambitions to generate $500 billion in AI infrastructure within four years. CEO Jensen Huang emphasized the importance of U.S.-based manufacturing for enhancing supply chain resilience and meeting rising demand for AI technologies.
Created at: April 14, 2025 1:30pm
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Intel Sells Majority Stake in Altera Semiconductor Business
Intel Sells Majority Stake in Altera Semiconductor Business
Intel has finalized an agreement to sell a 51% stake in its Altera semiconductor division to private equity firm Silver Lake for $8.75 billion. This move is aimed at enhancing Intel's focus and financial structure while allowing Altera to operate independently under new CEO Raghib Hussain. The FPGA market is projected to grow significantly, with Altera generating $1.54 billion in revenue for fiscal year 2024. The transaction is expected to close in late 2025, contingent on standard closing conditions.
Created at: April 14, 2025 1:00pm
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OpenAI Introduces ID Verification for Developers Accessing AI Models
OpenAI Introduces ID Verification for Developers Accessing AI Models
OpenAI is set to implement a Verified Organization status, requiring developers to undergo ID verification to access its advanced AI models. This initiative aims to ensure responsible usage of AI technologies and curb misuse by malicious actors. Developers must submit a valid government-issued ID, which can only authenticate one organization every 90 days. OpenAI is responding to increasing concerns over the exploitation of its APIs and the potential for misinformation and data integrity issues. The timeline for this verification process remains undisclosed.
Created at: April 14, 2025 6:00am
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Trump Administration's Tariff Exemptions on Tech Products: A Temporary Relief
Trump Administration's Tariff Exemptions on Tech Products: A Temporary Relief
U.S. Commerce Secretary Howard Lutnick confirmed that the recent exemptions on tariffs for consumer electronics like laptops and smartphones are temporary. While the Trump administration has delayed many tariffs, a 10% baseline remains, alongside a new 125% tariff on Chinese goods. Lutnick indicated that targeted tariffs on semiconductors are forthcoming, with a focus on reshoring production. He reassured that these tariffs should not lead to higher consumer prices but emphasized the need for domestic semiconductor manufacturing. Trump is expected to provide further details on this issue soon.
Created at: April 13, 2025 4:00pm
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Linux Foundation Expands Its Reach with OpenInfra Merger
Linux Foundation Expands Its Reach with OpenInfra Merger
The Linux Foundation has significantly broadened its scope by merging with the OpenInfra Foundation, known for OpenStack. This move enhances its role as a key player in open source projects spanning cloud infrastructure, security, and more. Executive Director Jim Zemlin emphasized the importance of a 'portfolio approach' to foster collaboration across diverse technologies. The merger aims to tackle growing regulatory challenges and improve resource pooling. Zemlin also highlighted the Foundation's commitment to open source AI, underscoring the need for clearer definitions and standards in the evolving landscape.
Created at: April 13, 2025 2:30pm
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Trump Administration Exempts Key Tech Products from Tariffs
Trump Administration Exempts Key Tech Products from Tariffs
The Trump administration has announced significant tariff exemptions for the tech industry, delaying many previously announced tariffs while maintaining a baseline 10% tariff. Notably, smartphones, laptops, hard drives, and semiconductors will be exempt from the new 125% tariff on Chinese goods. This decision has been welcomed by tech giants like Apple and Nvidia, potentially easing costs for consumers. However, further investigations into semiconductor-related national security issues could still loom, leaving the tech landscape uncertain. Investors view this as a significant win for the industry.
Created at: April 12, 2025 5:30pm
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Elon Musk's xAI Acquires X: A Strategic Move for AGI Dominance
Elon Musk's xAI Acquires X: A Strategic Move for AGI Dominance
Elon Musk's AI startup, xAI, has acquired his social media platform X (formerly Twitter) in an all-stock deal, aiming to integrate xAI's chatbot Grok with X's operations. This merger highlights Musk's strategy of consolidating his ventures into a singular ecosystem, despite skepticism about X’s inflated valuation. Investors see potential in Musk’s interconnected businesses, which include Tesla and SpaceX. However, the acquisition faces risks, including an ongoing SEC lawsuit and regulatory scrutiny. Despite these challenges, some investors remain bullish on Musk's ability to innovate and deliver long-term value.
Created at: April 12, 2025 2:00pm
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SSA Turns to X for Communication Post-Layoffs Amid DOGE Restructuring
SSA Turns to X for Communication Post-Layoffs Amid DOGE Restructuring
The Social Security Administration (SSA) has announced a shift in its communication strategy following layoffs attributed to the Department of Government Efficiency (DOGE). Instead of traditional briefings, the agency will now use X, the platform owned by Elon Musk, to update the public on its activities. This change comes as part of a broader restructuring effort initiated by DOGE, which has also led to significant job cuts within the SSA. The extent of the layoffs remains unclear, but the agency confirms it will rely on social media for future communications.
Created at: April 12, 2025 3:30am
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Law Professors Back Authors in Copyright Clash with Meta Over AI Training
Law Professors Back Authors in Copyright Clash with Meta Over AI Training
A coalition of copyright law professors has filed an amicus brief supporting authors in a lawsuit against Meta, accusing the tech giant of unlawfully training its Llama AI on copyrighted ebooks. The brief challenges Meta's fair use defense, asserting that such training is not transformative and serves commercial purposes that compete with original works. Prominent authors like Richard Kadrey and Sarah Silverman claim Meta infringed their intellectual property by using their works without permission. The case, Kadrey v. Meta, continues in the U.S. District Court, raising significant questions about AI and copyright law.
Created at: April 11, 2025 9:30pm
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Meta Expands Board with Stripe CEO and Banking Executive
Meta Expands Board with Stripe CEO and Banking Executive
Meta has announced the addition of Stripe CEO Patrick Collison and banking executive Dina Powell McCormick to its board. Collison, who co-founded the digital payments giant valued at $91.5 billion, previously served on Meta’s advisory group. Powell McCormick, a former Deputy National Security Advisor, brings extensive experience from her 16 years at Goldman Sachs. Their appointments are part of Meta's strategy to enhance its board with global business experts ahead of an upcoming antitrust trial. Both appointments will take effect on April 15.
Created at: April 11, 2025 9:30pm
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Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process
Trevor Milton Tries to Undermine Nikola's Bankruptcy Sale Process
During a recent court hearing, Nikola's bankruptcy sale to Lucid Motors faced unexpected scrutiny when a lawyer representing Trevor Milton raised concerns about the auction process. Milton, barred from touring Nikola's Arizona factory, appears to be attempting to influence the proceedings post-pardon from President Trump. Nikola's legal team dismissed the lawyer's claims as baseless, suggesting they may be aimed at impacting a $168 million arbitration award owed to the company. Despite the hiccup, the sale of Nikola’s assets is expected to proceed, with Lucid planning to hire 300 Nikola employees.
Created at: April 11, 2025 7:30pm
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