JPMorgan Chase is in talks to take over the Apple Card business from Goldman Sachs, the Wall Street Journal reports. Goldman has issued credit for the Apple Card since its launch in 2019, but the Wall Street and Silicon Valley giants have been trying to untie their partnership since last year. In 2023, Goldman decided […]
JPMorgan could take over Goldman’s Apple Card business Read More »
Accounting for the emissions of a global tech empire is not a simple task, and what industry standards we do have for disclosure may allow tech companies to systematically understate their carbon footprint. A Guardian report compares official declarations of carbon emissions, including what amount to offsets purchased elsewhere, with “location-based” emissions, another standard metric
Tech’s emissions may be way higher than disclosed due to ‘creative accounting’ of carbon Read More »
Next year, even wildfires won’t be able to hide from Google. The company is working with Muon Space, the Earth Fire Alliance, and others to launch FireSat, a constellation of satellites that will monitor Earth’s surface for wildfires, updating imagery for authorities every 20 minutes. Google helped develop the infrared sensors that’ll look for telltale
Google and Muon Space join forces to continuously scan Earth for wildfires Read More »
Gogoro, the Taiwanese electric scooter manufacturer and battery swapping giant, said its CEO and chairman Horace Luke has stepped down amid subsidy fraud allegations, according to a regulatory filing. Gogoro allegedly used Chinese parts for e-scooters to reduce manufacturing costs, despite reporting that it used locally made parts to qualify for government subsidies. In a
Gogoro CEO resigns as subsidy fraud investigation continues Read More »
Speaking at an Oracle financial analysts meeting, Oracle CEO Larry Ellison said he expects AI to one day power massive law enforcement surveillance networks. “We’re going to have supervision,” he said. “Every police officer is going to be supervised at all times, and if there’s a problem, AI will report that problem and report it
Oracle CEO Larry Ellison says that AI will someday track your every move Read More »
The Port of Seattle released a statement Friday confirming that it was targeted by a ransomware attack. The attack occurred on August 24, with the Port (which also operates the Seattle-Tacoma International Airport) saying it had “experienced certain system outages indicating a possible cyberattack.” The Port is now describing this as “a ‘ransomware’ attack by
Port of Seattle shares ransomware attack details Read More »
It’s looking increasingly likely that OpenAI will soon alter its complex corporate structure. Reports earlier this week suggested that the AI company was in talks to raise $6.5 billion at a $150 billion pre-money valuation. Now Reuters says the deal is contingent on whether OpenAI can restructure and remove a profit cap for investors. In
OpenAI could shake up its nonprofit structure next year Read More »
Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has
Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions Read More »
Fei-Fei Li, the Stanford professor many deem the “Godmother of AI,” has raised $230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures. World Labs is valued at over $1 billion, and the capital was raised over two rounds spaced a couple of months apart, TechCrunch reported in
Fei-Fei Li’s World Labs comes out of stealth with $230M in funding Read More »
Silicon Valley startup accelerator Y Combinator will expand the number of cohorts it runs each year from two to four starting in 2025, Bloomberg reported Thursday. Y Combinator president Garry Tan told the site that approximately the same number of companies will go through YC each year, despite the change. This means each cohort will
Y Combinator expanding to four cohorts a year in 2025 Read More »
