Ex-PayPal execs buys rights to film about Peter Thiel, Elon Musk
A former PayPal executive has bought the rights to a movie about Elon Musk, Peter Thiel and Reid Hoffman, who led Silicon Valley’s legendary PayPal mafia in their pre-billionaire days. Jack Selby, who sold his stake when eBay acquired PayPal for $1.5 billion in 2002, worked with his former colleague and former PayPal COO David […]
Amazon cancels $1.7B takeover of Roomba maker iRobot
Amazon has scrapped plans to acquire Roomba maker iRobot after the companies mutually determined that the pending deal “has no path to regulatory approval in the European Union.” In a related announcement on Monday, iRobot said it would lay off approximately 350 employees, or 31% of its workforce, as part of its restructuring efforts. Colin […]
Reddit mulls valuation of at least $5 billion in IPO: report
According to reports, Reddit has been advised to target a valuation of at least $5 billion as it prepares for an initial public offering this year, which is the lowest the social media site was worth just three years ago. It’s only a fraction of the amount that was said. The San Francisco-based company is […]
118 new emojis are coming to iPhones — including new foods, animals and gender-neutral families
This one is guaranteed to have two digital thumbs up. Are you looking for a new way to express yourself pictorially? Don’t worry. iPhone users will soon be able to enhance their graphic vocabulary. A whopping 118 new emojis added!Phoenix, Shaking Neck, and four gender-neutral families. Emoji will be available as part of the new […]
MIcrosoft CEO Satya Nadella blasts ‘alarming and terrible’ Taylor Swift AI nude images
Microsoft CEO Satya Nadella said tech companies are stepping up efforts to crack down on misuse of artificial intelligence after an explicit AI-generated image of Taylor Swift went viral on social media last week. He said there was a need to “act quickly.” Nadella’s company, which is a major investor in ChatGPT creator OpenAI, called […]
7 ways to pay less on streaming every month
Five years ago, Netflix, Disney+, and Hulu with live TV cost about $56 a month. not bad! Currently, the same service costs more than $106.how is it that Because it’s outrageous? New research shows we’re more picky than ever about how much we pay for streaming. Let’s take a look at some smart ways people […]
Companies are mining iPhone user data through app notifications
iPhone users are handing over their personal data with the click of a button, a new study finds. Popular apps like Facebook, LinkedIn, TikTok, and X collect user information through notifications, even if users choose not to open them. Even more concerning, tests by security researchers at app developer Mysk show that it's not entirely […]
Mark Zuckerberg to break silence on Harvard antisemitism with board endorsement
Mark Zuckerberg has remained relatively quiet about anti-Semitism at Harvard, but he broke his silence Friday as the Silicon Valley tycoon joined the powerful committee overseeing the embattled Ivy League school. He is expected to support joining, On the Money reported. Sam Lessin — a tech investor and former Facebook employee who, coincidentally, is married […]
FTC launches probe into AI investments by Microsoft, Amazon, more
The Federal Trade Commission announced Thursday that it has ordered OpenAI, Microsoft, Alphabet, Amazon, and Anthropic to provide information about recent investments and partnerships involving generative AI companies and cloud service providers. The FTC said in a statement that the order is part of an investigation to “examine corporate partnerships and investments with AI providers […]
Microsoft lays off 1,900 Xbox, Activision Blizzard workers
Microsoft is laying off about 1,900 employees in its gaming division, just weeks after completing its $69 billion acquisition of video game giant Activision Blizzard. Microsoft Gaming CEO Phil Spencer distributed a memo to employees saying the layoffs, which amount to about 8% of the division, will affect staff at Xbox, Activision Blizzard and ZeniMax. […]