| a16z, which owns ~20% of Deel, a stake worth $2.5B+, is advising Deel in fighting Rippling, whose CEO Parker Conrad said a16z pushed him out of Zenefits in 2016 (The Information) |
 The Information:
a16z, which owns ~20% of Deel, a stake worth $2.5B+, is advising Deel in fighting Rippling, whose CEO Parker Conrad said a16z pushed him out of Zenefits in 2016 — Venture capital firm Andreessen Horowitz has landed in the middle of a nasty Silicon Valley spy scandal between …
|
| US v. Google: Chrome General Manager Parisa Tabriz testified that only Google can run Chrome, given the browser's "interdependencies" on other parts of Google (Leah Nylen/Bloomberg) |
Leah Nylen / Bloomberg:
US v. Google: Chrome General Manager Parisa Tabriz testified that only Google can run Chrome, given the browser's “interdependencies” on other parts of Google — Google is the only company that can offer the level of features and functionality that its popular Chrome web browser has today …
|
| Q&A with Perplexity CEO Aravind Srinivas on Motorola partnership, Perplexity's upcoming browser Comet, TikTok bid, ChatGPT's scale, Google's DOJ trial, and more (Alex Heath/The Verge) |
Alex Heath / The Verge:
Q&A with Perplexity CEO Aravind Srinivas on Motorola partnership, Perplexity's upcoming browser Comet, TikTok bid, ChatGPT's scale, Google's DOJ trial, and more — Aravind Srinivas discusses his partnership with Motorola, fighting Google, and why AI assistants are coming for browsers.
|
| A look at efforts by Apple and others to become carbon neutral by investing in eucalyptus farms in Brazil's Cerrado region, amid skepticism from some ecologists (Gregory Barber/MIT Technology Review) |
Gregory Barber / MIT Technology Review:
A look at efforts by Apple and others to become carbon neutral by investing in eucalyptus farms in Brazil's Cerrado region, amid skepticism from some ecologists — We were losing the light, and still about 20 kilometers from the main road, when the car shuddered and died at the edge of a strange forest.
|
| Docs and sources detail the opaque market for shares of Elon Musk's private companies; Valor recently offered investors $1B worth of shares in SpaceX and xAI (Wall Street Journal) |
Wall Street Journal:
Docs and sources detail the opaque market for shares of Elon Musk's private companies; Valor recently offered investors $1B worth of shares in SpaceX and xAI — Lucrative stock deals have allowed SpaceX to avoid public scrutiny even as it has grown into one of the largest companies in the U.S.
|
| A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings (Devon Pendleton/Bloomberg) |
Devon Pendleton / Bloomberg:
A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings — The flamboyant Saudi billionaire investor is back in the spotlight, emboldened by Donald Trump's return to the White House.
|
| IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 (Asa Fitch/Wall Street Journal) |
Asa Fitch / Wall Street Journal:
IBM has booked $6B in sales around generative AI and Red Hat's revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM's stock since April 2020 — ‘Big Blue’ has clawed back into investor favor, but needs to show staying power in AI to cement its comeback
|
| NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits (Bloomberg) |
Bloomberg:
NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits — Simon Zhu, NetEase's president for global investments and partnerships, said he was leaving the Chinese video-game company in a social media post on Friday.
|
| A Nigerian tribunal upholds a $220M fine imposed on Meta in July 2024 for discriminatory and exploitative practices against Nigerian consumers (Nnaemeka Onyekachi/Nairametrics) |
Nnaemeka Onyekachi / Nairametrics:
A Nigerian tribunal upholds a $220M fine imposed on Meta in July 2024 for discriminatory and exploitative practices against Nigerian consumers — Nigeria's Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty …
|
| Symbiotic, which is building a "universal staking" platform after starting as a restaking protocol on Ethereum, raised a $29M Series A led by Pantera Capital (Yogita Khatri/The Block) |
Yogita Khatri / The Block:
Symbiotic, which is building a “universal staking” platform after starting as a restaking protocol on Ethereum, raised a $29M Series A led by Pantera Capital — - Symbiotic has raised $29 million to expand from restaking into a broader “universal staking” platform.
|
W3News