Over his 15-year reign as Apple’s top banana, Tim Cook has become instantly recognizable, powerful beyond imagination, and exceedingly wealthy. Most estimates peg Cook’s current net worth at roughly $3 billion, assets that he amassed largely through performance-based equity awards as Apple’s market cap has grown more than 11x on his watch to roughly $4…
Investors are aggressively courting AI researchers to build startups that can make AI more reliable and efficient. Yu Su, an Ohio State professor leading an AI agent lab, said he initially resisted the pressure from VCs to commercialize his work. He finally took the leap last year and spun out his work into a startup…
After 15 years at the helm, Tim Cook is stepping down as CEO of Apple and handing over the reins to the company’s senior vice president of hardware engineering, John Ternus. Cook, who joined Apple in 1998, succeeded Steve Jobs in 2011 and went on to transform Apple into a powerhouse worth $4 trillion. With…
If you’ve ever played a role-playing game (RPG), you know how fun it is to create your character in any way you choose and embark on epic adventures. Now, picture an AI-powered, text-based RPG where every interaction with a non-player character (NPC) is completely unscripted. Latitude, the startup known for its open-ended text adventure games…
Angelo Martino, a former ransomware negotiator, has pleaded guilty to helping cybercriminals extort companies in cyberattacks. On Monday, the U.S. Justice Department announced the guilty plea. Martino, who used to work for cybersecurity firm DigitalMint, admitted to playing both sides of the negotiation in five different incidents. While ostensibly working for the victims, Martino admitted…
British neobank Revolut seems to be eyeing a major valuation bump when it eventually goes public. The company is targeting a market cap between $150 billion and $200 billion in an initial public offering, the Financial Times reported on Tuesday, citing anonymous investor sources. The fintech giant, which secured a full banking license in the…
Cloud app hosting giant Vercel this weekend said hackers had breached its internal systems and accessed customer data. Hackers have claimed they have stolen sensitive customer credentials from Vercel’s systems and are selling the data online. In a statement on Sunday, Vercel said the breach originated from another software maker, Context AI. One of Vercel’s…
For years, existing consumer platforms have tried to keep users within their app by offering more services. After the rise of the AI chatbot, the trend is to have people use the assistant for both queries and actions without leaving the conversational flow. With its latest update, Yelp is letting people ask questions, get restaurant…
As the grid strains under the weight of electrification and AI data centers, tech companies and utilities have been evaluating whether nuclear power can help with the burden. After the two most recent reactors built in the U.S. went over budget and past schedule, they aren’t keen to repeat the past. But Jake Jurewicz, co-founder…
Fermi co-founder and CEO Toby Neugebauer and CFO Miles Everson have suddenly departed the AI nuclear power firm, sending shares down 22% on Monday. The company said Neugebauer has stepped down as chairman, although he still remains on the board. Lead Independent Board Director Marius Haas has stepped into the role of chairman, the company…