Apple is reportedly working to create a lightweight competitor to ChatGPT.
Tesla proposes $29B comp package for Elon Musk amid ‘AI talent war’
The plan would be voided if the Delaware Supreme Court overturns the decision to spike Musk’s $56B comp plan from 2018. A judge ruled in 2024 that plan was unfairly negotiated.
Joby Aviation to buy Blade Air Mobility’s ride-share business
Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe, for as much as $125 million.
What founders should think about if looking to raise a Series C
And it starts with a reality check, according to Sapphire Ventures partner Cathy Gao.
Anthropic cuts off OpenAI’s access to its Claude models
Anthropic has cut off one of its biggest competitors, revoking OpenAI’s access to its Claude family of AI models.
Lina Khan points to Figma IPO as vindication of M&A scrutiny
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of “letting startups grow into independently successful businesses.”
Tim Cook reportedly tells employees Apple ‘must’ win in AI
Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI: “Apple must do this. Apple will do this.”
Google bets on STAN, an Indian social gaming platform
STAN, headquartered in Singapore, is trying to position itself as a gaming community platform to rival Discord, but its approach to the market is quite different.
Tesla partly liable in Florida Autopilot trial, jury awards $200M in damages
The jury verdict is one of the first major legal decisions about driver assistance technology that has gone against Tesla. Both Elon Musk and Tesla have spent years making claims about Autopilot’s capabilities.
A backlog at the Commerce Department is reportedly stalling Nvidia’s H20 chip licenses
News of a backlog at the U.S. federal department comes less than a week after national security experts urged the Trump administration to reverse its decision that allows Nvidia to export H20 chips to China.