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If Apple Chief Executive Tim Cook is retiring anytime soon, the company didn’t provide any hints that such an event is imminent in its most recent proxy filing, released Thursday. In the filing, the company said the composition of its board of directors will remain unchanged for the next year. ...
Amazon has started laying the groundwork to open a big-box retail store in the Chicago suburbs, according to planning documents. That marks a return to similar plans for a Target-like store that Amazon shelved a few years ago. In recent weeks, Amazon has sought approval from the village of ...
Venture capitalist Meltem Demirors isn’t above the occasional splurge on bags, jewelry and other material things. But she much prefers to use her disposable income for an expanding array of exotic wellness experiments, including injecting peptides and hiring a personal longevity coach.
“The only dollars I spend that really have a noticeable impact on my well-being are on my health,” said...
Andreessen Horowitz has raised over $15 billion across five new funds, its biggest fundraising ever. The venture capital firm raised $6.75 billion for its growth fund, which invests in more mature startups and $1.12 billion for American Dynamism, its fund focusing on defense, manufacturing and ...
Elon Musk’s xAI burned through $7.8 billion in cash in the first nine months of 2025, Bloomberg reported Thursday evening, reflecting the high costs of AI development. XAI is responsible for the Grok AI models and chatbot. The Bloomberg report said xAI had reported a net loss of $1.46 billion in ...
As Elon Musk shifts Tesla away from its roots into robots and robotaxis, investors hunting for the next big electric vehicle play might want to consider Rivian, which is poised for a mainstream breakout just as Tesla was 10 years ago.
Rivian’s sales are tiny—it sold just over 42,000 cars last year to Tesla’s 1.6 million. But the company this year plans to launch a more affordable vehicle that...
Chinese AI startup DeepSeek is expected to launch its next-generation AI model that features strong coding capabilities in the coming weeks, according to two people with direct knowledge of the plan.
The new model, V4, is a successor to the V3 model DeepSeek released in December 2024. Initial tests done by DeepSeek employees based on the company’s internal benchmarks showed that it outperformed...
Meta Platforms announced on Friday that it had agreed to a series of nuclear power deals for its data centers, making it one of the biggest corporate buyers of nuclear energy in the U.S. Meta will purchase electricity from three existing Vistra Corp plants as well as reactors from Sam ...
David Ellison just can’t get any respect. The son of Oracle founder Larry Ellison and CEO of Paramount Skydance is going nowhere in his efforts to buy Warner Bros. Discovery, owner of HBO Max, Warner Bros. Studio and a bunch of cable channels including CNN. Ellison has a very persuasive argument that his $30 a share offer—$108 billion in total—is better for WBD shareholders than what Netflix is...
On Thursday Snowflake said it was buying app monitoring startup Observe, confirming our earlier scoop. The sale, which we had previously reported would be roughly $1 billion, provides a decent exit for early investors in the nine-year-old startup, such as Sutter Hill Ventures and Madrona Ventures, both of which also previously backed Snowflake when it was privately held. It also saves Observe...