Author: GT

With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history. Denholm, who was also on the special committee that put the compensation proposal together, argued that Musk needs to be motivated by extraordinary challenges tied to extraordinary compensation. At the same time, she suggested he’s less interested in the additional wealth that the promised Tesla shares would represent, and more in the voting power. “I think it’s a…

California’s state senate gave final approval early on Saturday morning to a major AI safety bill setting new transparency requirements on large companies. As described by its author, state senator Scott Wiener, SB 53 “requires large AI labs to be transparent about their safety protocols, creates whistleblower protections for [employees] at AI labs & creates a public cloud to expand compute access (CalCompute).” The bill now goes to California Governor Gavin Newsom to sign or veto. He has not commented publicly on SB 53, but last year, he vetoed a more expansive safety bill also authored by Wiener, while signing…

Rainmaker Technology’s bid to deploy cloud-seeding flares on small drones is being met by resistance from the airline pilots union, which has urged the Federal Aviation Administration to consider denying the startup’s request unless it meets stricter safety guidelines. The FAA’s decision will signal how the regulator views weather modification by unmanned aerial systems going forward. Rainmaker’s bet on small drones hangs in the balance. The Air Line Pilots Association (ALPA) told the FAA that Rainmaker’s petition “fails to demonstrate an equivalent level of safety” and poses “an extreme safety risk.” However, Rainmaker CEO Augustus Doricko said an email that…

The all-electric Ram 1500 REV pickup truck is dead. Long live the extended-range Ram 1500 REV (once called the Ramcharger). Stellantis, the parent company of Ram, said Friday that it will no longer develop a battery-electric full-size pickup. The company cited low demand for full-size battery-electric trucks as the primary reason, according to a statement sent to TechCrunch and posted on its website. “As demand for full-size battery-electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” the company’s statement reads. “As part of this, Ram is renaming its…

Hike, once one of India’s most valuable startups with unicorn status, has become the latest casualty of New Delhi’s recent real-money gaming ban, with the company — led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal — now shutting down. On Saturday, Hike founder Mittal (pictured above) said that the startup’s U.S. business, which launched nine months ago, was “off to a strong start.” But he said scaling it globally would require “a full recap, a reset that is not the best use of capital or time.” Initially launched as an instant messaging app rivaling WhatsApp in…

President Donald Trump made countering immigration one of his flagship issues during last year’s presidential campaign, promising an unprecedented number of deportations.  In his first eight months in office, that promise turned into around 350,000 deportations, a figure that includes deportations by Immigration and Customs Enforcement (around 200,000), Customs and Border Protection (more than 132,000), and almost 18,000 self-deportations, according to CNN.   ICE has taken center stage in Trump’s mass deportation campaign, raiding homes, workplaces, and public parks in search of undocumented immigrants. To aid its efforts, the ICE has at its disposal several technologies capable of identifying and surveilling…

When Seth Winterroth left his job at GE Ventures to help launch Eclipse in 2015, robotics was on his mind. Or more specifically, the number of early-stage robotics startups that were struggling to launch due to lack of interest. “These are teams that had just finished their postdocs at Waterloo, or CMU, or MIT and were starting robotics companies, and the refrain that I continually heard from the startups was, ‘Hey, we’re having a really hard time raising institutional venture capital,’” Winterroth told TechCrunch. “At the time in Silicon Valley, most venture capital was going into the very mature application…

Thanks to a pledge to unbundle its corporate messaging app Teams from its productivity suites, Microsoft has managed to slip unscathed through a major antitrust investigation by the European Commission that could have resulted in massive fines for the tech giant. The Commission on Friday okayed Microsoft’s concessions to address the EU’s competition concerns over the company including Teams along with the rest of its Office productivity suite for free, concluding a multi-year investigation that was sparked by complaints from rival office messaging app Slack in 2020. Microsoft has promised that for the next seven years, it will provide Microsoft…

OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty Images News | Getty ImagesOracle’s historic stock surge this week marked the latest chapter in the story of a single private company that’s dominated the tech landscape for almost three years: OpenAI.In Oracle’s blowout earnings report, OpenAI was a key catalyst due to a massive amount of money the artificial intelligence startup expects to spend on cloud computing technology in the coming years.It’s becoming a…

Apple is set to release its upcoming iPhone 17 series on September 19 in most countries across the world. However, the eSIM-only iPhone Air’s release is being delayed in China, likely due to regulatory issues around the approval of the embedded SIM. Apple’s website notes that all three Chinese state-owned network providers — China Mobile, China Telecom, and China Unicom — will offer eSIM support for the iPhone Air but says the timing of the release will be subject to regulatory approval. Preorders for the other new phones in the lineup start on Friday. According to South China Morning Post,…