Bench, the accounting and tax startup that was bought in a fire sale last December, has conducted a round of significant layoffs, it confirmed to TechCrunch. Bench didn’t specify how many people were affected, but one person who works there estimated that Bench was eliminating dozens of positions – that’s a big chunk of the … Read more
MoviePass, the startup that made its mark with its movie theater subscription service, has always been known for shaking things up, and its latest venture is no exception. The company announced on Thursday the beta launch of Mogul, a new daily fantasy entertainment platform designed specifically for the Hollywood industry. To understand what Mogul is, … Read more
According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending. Board members reportedly met with Musk to express concerns about his … Read more
Meta made a prediction last year its generative AI products would rake in $2 billion to $3 billion in revenue in 2025, and between $460 billion and $1.4 trillion by 2035, according to court documents unsealed Wednesday. The documents, submitted by attorneys for book authors suing Meta for what they claim is unauthorized training of … Read more
Rivian built up a stockpile of batteries for its trucks, SUVs, and commercial vans before and after the election of Donald Trump, a strategy used to soften the blow of the president’s tariffs, according to Bloomberg News. The company apparently bought an undisclosed number of lithium iron phosphate batteries from Chinese firm Gotion before the … Read more
Christoph Schell, Intel’s EVP and chief commercial officer, is leaving the company after two years in the role, according to a filing with the SEC. Schell notified Intel of his decision to leave on Monday, and will resign on June 30 “in order to pursue another career opportunity,” per the filing. It isn’t clear who will replace … Read more
X is now allowing select creators to upload videos in 4K resolution as it seeks to boost engagement and keep users from leaving to YouTube or Vimeo to watch videos. The feature will be available to all premium subscribers soon, according to a post by X’s engineering account. Until now, paying subscribers could upload 1080p … Read more
Microsoft CEO Satya Nadella said that 20%-30% of code inside the company’s repositories was “written by software” — meaning AI — during a fireside chat with Meta CEO Mark Zuckerberg at Meta’s LlamaCon conference on Tuesday. Nadella gave the figure after Zuckerberg asked roughly how much of Microsoft’s code is AI-generated today. The Microsoft CEO … Read more
OpenAI CEO Sam Altman on Tuesday said that the company is “rolling back” the latest update to the default AI model powering ChatGPT, GPT-4o, after complaints about strange behavior, in particular extreme sycophancy. “[W]e started rolling back the latest update to GPT-4o last night,” Altman wrote in a post on X. “[I]t’s now 100% rolled back for … Read more
Sometimes, answering a long-standing problem is a matter of finding a new perspective. Take methane from cows: For years, people have been trying to eliminate the gas from cow burps in an attempt to limit the livestock’s impact on the climate. But they haven’t made a dent. That’s in part because they were looking at … Read more
