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Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.” These cuts will free up the company…
Amazon Prime Video could be getting into the live news business, if only for one night. Variety reports that the company is in talks with longtime NBC and MSNBC news anchor Brian Williams to host a live Election Night special, competing with more traditional TV news broadcasts to offer non-partisan coverage of the U.S. presidential…
In August, a Russian warlord posted a video on Telegram, showing a pair of Cybertrucks patrolling a road in Chechnya, armed seemingly with heavy machine guns. Leaving aside unanswerable (for now) questions about how the vehicles were obtained, Wired thought it worth digging into whether a Cybertruck actually makes sense as a “technical,” the term…
ChatGPT could get more expensive to use in coming years. The New York Times, citing internal OpenAI docs, reports that OpenAI is planning to raise the price of individual ChatGPT subscriptions from $20 per month to $22 per month by the end of the year. A steeper increase will come over the next five years;…
Following the abrupt departure of OpenAI’s CTO, Mira Murati, CEO Sam Altman is reportedly poised to receive equity in the company for the first time as OpenAI moves away from its longstanding nonprofit structure. Reuters, citing people familiar with the matter, reports that OpenAI plans to restructure into a for-profit benefit corporation — similar to…
A new Financial Times profile of Mayayoshi Son opens with SoftBank’s CEO seeming to hit bottom, staring at his “ugly” face on Zoom and telling himself, “I have done nothing I can be proud of.” Indeed, Son largely disappeared from the public eye after SoftBank’s Vision Fund took huge losses from investments like WeWork. But…
Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports. The Wall Street Journal broke the news late Friday that Qualcomm had approached Intel about a takeover. The New York Times subsequently corroborated the story, while adding that no official offer has been made. Even if there is an offer, it’s not clear…
Flow, Adam Neumann’s co-living startup, opened a compound with 238 apartments in Saudi Arabia’s capital, Riyadh, and Forbes has some details. The opening included an Aztec-themed hot chocolate ceremony and tote bags with the words “holy s— I’m alive” on them. The rent for the furnished units starts at $3,500 a month and includes hotel-style…
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…
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…