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A lawsuit led by a Detroit pension fund accuses Uber management and its board of putting profits ahead of compliance and safety, decisions that have exposed the company and its shareholders to risk. The lawsuit, which was filed Monday in the U.S. District Court for the Northern District of California in San Francisco, alleges that…
Snap’s long-awaited AR glasses, Specs, didn’t have the best debut. The company’s stock hasn’t been on the healthiest trajectory lately. It’s dropped 30% over the past year. Following Specs’ launch, it sank more than 5% — falling from $5.86 a share on Tuesday to a low of $4.83 on Wednesday morning. As of this writing,…
Odyssey, a world model AI startup founded by self-driving vehicle pioneers CEO Oliver Cameron and CTO Jeff Hawke, has raised a $310 million Series B round at a $1.45B valuation led by Natural Capital, with Amazon, AMD Ventures, GV, and others participating. World models are the next big thing in AI beyond text- and chat-based large language models. They gather…
A security researcher said she was able to access several internal FIFA platforms due to a simple security flaw, which allowed her to watch and have full control of the TV stream of every World Cup game. The researcher, who goes by BobDaHacker, said she simply registered as a player agent on FIFA’s official agent…
SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday. The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI…
Robinhood said it has seen “record-breaking” traffic on its trading platform Friday in the hours after SpaceX’s historic public markets debut. The company shared in a post on X that “some customers experienced latency and intermittent issues” with trading but that the platform quickly recovered. SpaceX’s shares started trading on the Nasdaq stock exchange at…
French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources. The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September. One of Europe’s…
All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX. We’re talking about Tesla, which has a current market cap of about $1.52 trillion….
Google is suing to dismantle the infrastructure behind an alleged massive AI-powered cybercrime operation. On Friday, the tech giant announced a lawsuit against an alleged Chinese cybercrime network called Outsider Enterprise, which Google says uses AI in its campaigns to send scam text messages impersonating Google and other brands to steal passwords and credit card…
The notorious cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at more than 100 organizations, many of them universities, a ShinyHunters member told TechCrunch on Wednesday. The breaches were first reported by BleepingComputer. PeopleSoft is enterprise software designed to manage payroll, human resources, administration, and other business operations. The news shows that despite…