Salesforce recently faced backlash from investors over its compensation plan for top executives, particularly CEO Marc Benioff. The resolution to approve the compensation plan received more votes against than in favor at the annual meeting, despite the board’s urging for support. This highlight the concerns raised by shareholder advisory groups, Glass Lewis and Institutional Shareholder
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Meta, the parent company of Facebook, has recently come under fire by EU regulators for not adhering to the bloc’s antitrust rules with their new ad-supported social networking service. The Commission has labeled their subscription model as a “pay or consent” system which has raised concerns about user data privacy and personalized advertising. The European
Google recently announced a partnership with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan. This move comes as Google aims to increase its energy capacity and reduce carbon emissions in the midst of the artificial intelligence boom. The collaboration will involve Google making a capital investment in Taiwanese solar developer
After a decade of anticipation, Mt. Gox creditors are finally on the verge of recouping their losses from the infamous hack that shook the cryptocurrency world. This marks a monumental moment for individuals like Gregory Greene, an Illinois native, who are set to receive a significant windfall from the distribution of up to 950,000 bitcoins
Amazon has recently announced a significant increase in the cloud credits offered to startups through its AWS Activate program. This increase will double the value of credits available to startups that have raised a Series A funding round in the past year. The credit amount has been raised from $100,000 to $200,000, providing these startups
Amazon is making significant strides in the field of artificial intelligence by ramping up its development efforts and acquiring top talent from AI agent startup Adept. In a memo to employees, Rohit Prasad, the senior vice president overseeing Amazon’s artificial general intelligence unit, announced the hiring of Adept co-founder and CEO David Luan, along with
The news industry is experiencing a significant shift with the emergence of OpenAI’s ChatGPT chatbot. As more publications raise concerns about copyright infringement and unauthorized content usage by OpenAI, the Center for Investigative Reporting has taken a bold step by suing OpenAI and Microsoft in federal court. This move highlights the growing tensions between technology
Nvidia CEO Jensen Huang attributes the company’s current advantage in artificial intelligence chips to a strategic bet made over a decade ago. This bet involved significant investment in AI, amounting to billions of dollars, and assembling a team of thousands of engineers. The foresight and commitment to AI has proven to be a defining factor
Tesla, the innovative electric vehicle manufacturer, has recently issued two new recalls for its Cybertruck pickups in the United States. This marks the third and fourth recalls for the Cybertruck, with the latest issues involving physical repairs that require appointments with Tesla service centers. The recalls address problems with trim pieces that can come loose
Recently, the European Union regulators have accused Apple of violating new tech rules due to its restrictions on steering customers to alternatives in its App Store. The European Commission has initiated a probe into Apple’s new contractual terms with developers under the Digital Markets Act (DMA). This act aims to address the dominance of Big