Big tech articles

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OpenAI's employee compensation dwarfs every major tech IPO of the past 25 years

Equity pay packages are 34 times higher than pre-IPO tech norms
Bottom line: OpenAI's financial model reflects the intense pressure to retain the people driving its breakthroughs. The company's willingness to spend aggressively on equity has redefined what competitive pay looks like in artificial intelligence – and raised the stakes for every firm vying to shape the field's future.
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Nvidia's $4 trillion rise raises questions about financing its own customers

Inside the financial web behind Nvidia's AI dominance
Bottom line: Nvidia's explosive rise to become the world's most valuable company has come with an uneasy question from investors: how much of its record-breaking growth depends on financing its own customers? Now worth more than $4 trillion, Nvidia designs the specialized silicon and software that power AI systems, from data centers hosting ChatGPT to national AI computing hubs. But behind that scale lies a complicated web of investments that critics say resembles vendor financing – a practice in which a company lends money to customers who use those funds to buy its products.
seduction

Seduction is the new spyware: US tech startups are now the target of "sex warfare"

The spy who shagged me?
Mail-order spies: Tech companies employ some of the most robust network security to protect against IP theft. However, no amount of network security protects against theft from within. While corporate espionage is largely digital these days, good old-fashioned infiltration is still in use. China and Russia increasingly use sexual honeypots to compromise employees and gain access to sensitive technology.
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Over 800 public figures, including "AI godfathers" and Steve Wozniak, sign open letter to ban superintelligent AI

Politicians, celebrities, and even royalty have signed the letter
A hot potato: Tech companies are in a race to create superintelligent AI, regardless of what the consequences of creating something much smarter than humans might be. It's led to hundreds of public figures from the world of tech, politics, media, education, religion, and even royalty signing an open letter calling for a ban on the development of superintelligence until certain conditions are met.
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Oracle billionaire Larry Ellison is building a media empire, with stakes in TikTok, CBS, CNN and more

Editor's take: Larry Ellison has spent decades shaping Silicon Valley through Oracle, the software company he co-founded in 1977. Now 81, and with a fortune that recently placed him among the richest people in the world, Ellison is moving in a new direction: media ownership. His investments, alongside those of his son, David, suggest ambitions that extend well beyond the corporate software world he helped define.
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Preliminary Microsoft-OpenAI deal clears way for OpenAI's for-profit conversion

The nonprofit could hold a stake worth over $100 billion if OpenAI reaches a $500 billion valuation in private markets
What just happened? Microsoft and OpenAI have reached an agreement to extend their high-profile partnership, resolving months of strained negotiations and clearing the way for the artificial intelligence startup to move forward with its plan to form a for-profit corporation. The non-binding deal represents a potential turning point in one of the most closely watched relationships in the AI sector, though many of the terms have yet to be finalized.