Barry Diller’s People Inc. submitted a non-binding proposal to MGM Resorts International’s board on June 1 to acquire the roughly 74% of the company it doesn’t already own, in a deal that would value the casino operator at more than $18 billion including debt. People Inc., the holding company formerly known as IAC that owns Read More…
Senior research scientist John Jumper said Friday he would leave Google DeepMind to join Anthropic, the latest high-profile departure from the tech giant’s AI research division. Jumper, who shared the 2024 Nobel Prize in chemistry with Google DeepMind CEO Demis Hassabis, is best known as the co-creator of AlphaFold, an AI system that has predicted Read More…
Social-media company sheds in-house AI video unit as it looks to rein in the rising costs of developing generative-AI models and immersive gaming products Snap Inc. is carving out its generative-AI video team into a new, independent company called Dotmo, the latest move by the social-media giant to manage the soaring costs of building artificial-intelligence Read More…
Elon Musk’s SpaceX priced its initial public offering Thursday, raising $75 billion and cementing the rocket maker’s place among the world’s most valuable companies in what stands as the largest IPO in U.S. history. On Friday, Wall Street delivered its verdict: investors wanted in. The offering valued SpaceX at approximately $1.77 trillion at its IPO Read More…
After taking the top spot at Disrupt San Francisco’s Startup Battlefield, Mobalytics has been hard at work preparing to roll out their analytics-driven competitive gaming coach to more and more of the nearly 20,000 users who have signed up for early access. In the six weeks since Disrupt SF, the company has been raising Read More…
Google and Facebook are teaming up to build a 120 Terabits per second (Tbps) submarine cable that will connect Los Angeles with Hong Kong. The two companies are working with Pacific Light Data Communication — a wholly owned subsidiary of China Soft Power Technology that’s relatively new to the sub-sea cable game. Once the Read More…
Wyoming has the most competitive tax code in the nation according to the 13th annual State Business Tax Climate Index, released today by the nonpartisan Tax Foundation. The report measures how well-structured each state’s tax code is by analyzing over 100 tax variables in five different tax categories: corporate, individual income, sales, property, and unemployment Read More…
Crowdsourcing live traffic data has been one of Waze’s key competitive advantages in navigation software for a while, but Germany’s HERE might give it a run for its money with new services that pull traffic info from cars on the road. The data gathered by Here’s upcoming traffic services, which it’s set to debut during Read More…
Uber today announced yet another rewards program for its drivers and riders, this time in partnership with retailer Sears and its “Shop Your Way” loyalty platform. The program offers drivers points redeemable for products at Search, Kmart and Lands End, as well as discounts on vehicle maintenance and repairs at Sears Auto Centers. Meanwhile, riders who Read More…
There’s an EpiPen Tycoon computer game. In it, you are the CEO of Mylan, Heather Bresch, the daughter of a US senator who has been handed a drug that lays a golden egg — EpiPen, an emergency anaphylaxis treatment that stops people’s throats from closing in the event of an allergic reaction. It’s Read More…
When Lori Goler, Facebook’s Vice President of People, joined the company in 2008, she got to work making the company a “strengths-based” organization. It’s a term based on Marcus Buckingham and Curt Coffman’s 1999 bestselling management guide “First, Break All the Rules.” The coauthors were Gallup analysts at the time and drew insights from 25 years Read More…
Women are going nuts overLuLaRoe, a clothing brand that has catapulted from near obscurity to cult status in the past couple of years. The brand, which sells brightly-colored shirts, leggings, and dresses, isn’t available in stores or on a company website. Instead, tens of thousands of people across the US — many of whom are Read More…