Tenstorrent just closed its latest funding round, valuing the company at about $2.6 billion. The startup computing company aims to rival Nvidia with more affordable AI chips and processing. The nearly $700 million round attracted investors Samsung, Bezos Expeditions, and LG Electronics. In its latest funding round, Tenstorrent, a startup computing company that builds powerful…
A few months ago, I started using an AI notetaking app, Granola, in meetings. I take notes and then after the call, the AI builds a more fulsome outline of the conversation. Taking notes on what’s most important helps us get more from meetings, Granola’s CEO said. A few minutes after I’d hopped on a…
Irvine electric vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture smaller and more affordable SUVs. The company said late Monday that the loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan…
Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family’s charities and foundations on November 25, according to an AP report. The ‘Oracle of Omaha’ revived his Thanksgiving tradition of donating during the holiday and also outlined succession plans for his $147.4 billion worth fortune, it…
Gov. Gavin Newsom plans to revive California’s EV rebate if Trump ends the federal tax credit. But Tesla, the largest maker of EVs, would be excluded under the proposal. Elon Musk criticized Tesla’s potential exclusion from the rebate. California Gov. Gavin Newsom is preparing to step in if President-elect Donald Trump fulfills his promise to…
Walmart is pulling back its DEI programs amid backlash from a conservative activist. Robby Starbuck has led social media campaigns against companies for their DEI practices. Other companies that withdrew or toned down their DEI initiatives include Lowe’s and Ford. Walmart is the latest company to roll back its diversity, equity, and inclusion initiatives amid…
AI infrastructure companies took off in 2024 as investors put their money in the picks and shovels. Goldman Sachs believes companies using AI to boost revenues will be next to take off in 2025. Here are 11 companies that are realizing revenue gains from the technology. This year, the AI story has dominated the stock…
The DOJ proposed banning Google from paying for search distribution deals. Google’s search dominance relies on distribution, not just technology. Investors worry Google’s market share could drop if distribution deals end. The online search business is not about technology. It’s about distribution. The US Department of Justice made that clear Wednesday when it proposed fixes…
Jeff Bezos’ Gulfstream G650ER private jet is for sale for about $39 million. The 2015 jet is the oldest in Bezos’ fleet. He recently bought a new Gulfstream G700. Bezos and other celebrities have faced criticism for high carbon emissions from private jets. Billionaire Jeff Bezos appears to be selling one of his multimillion-dollar private…
Elon Musk amended his lawsuit against OpenAI and Sam Altman, adding Microsoft as a defendant. Musk included emails between himself and Altman from 2015 in which they discussed starting OpenAI. Musk said OpenAI and Microsoft have formed a “de facto merger.” Elon Musk unveiled several emails between himself and fellow billionaire Sam Altman this week…