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GV founder Bill Maris on Wednesday said that he was departing the company after an eight-year tenure, and that his replacement would be David Krane, a managing partner and one of his chief deputies at the Alphabet-owned venture capital firm. Krane is a 17-year Google veteran. Maris reportedly wanted...
Elon Musk on Wednesday introduced a second master plan for Tesla, a follow-up to the vision he shared 10 years ago. The original master plan is now in the final stages of execution, he said. The refresh sketches out a multiyear, four-pronged strategy that is about more than vehicles. Musk also plans...
Just one quantum computer running artificial intelligence algorithms would be capable of connecting pretty much all the devices on the planet, Android creator Andy Rubin said Tuesday. Rubin, who also launched Google's efforts in robotics, is now CEO of Playground, which together with Redpoint Ventur...
Facebook CEO Mark Zuckerberg invited a group of 15 media executives and right-leaning pundits, including talk show host Glenn Beck, to meet with him Wednesday to discuss accusations that the social media network biased it's trending news topics to omit conservative viewpoints. Zuckerberg also extend...
Five months after being outed -- and subsequently investigated by police and tax authorities -- Craig Steven Wright on Monday stepped forward to claim that he really is the cofounder of bitcoin who operated in secret for years under the name "Satoshi Nakamoto." Wright penned a lengthy blog post and ...
Facebook on Wednesday announced its board of directors is proposing a new class of shares that will allow its founder to pursue a number of different initiatives while maintaining long-term control over the company. The news came on the heels of a blockbuster first quarter earnings report. The plan ...
Foursquare on Thursday announced that cofounder Dennis Crowley has assumed a new executive role, and that it has raised $45 million in a new round of funding led by Union Square Ventures. Crowley has moved from his perch as CEO into the newly created position of executive chairman, which will let hi...
Australian police on Wednesday raided the home of a shadowy figure who just hours earlier had been outed as one of the original founders of bitcoin digital currency in two separate media reports. Identified in multiple media reports, Australian entrepreneur Craig Steven Wright was said to be the man...
Yahoo on Wednesday announced that its board of directors decided to suspend plans to spin off its Alibaba holdings and instead will undertake a reverse spinoff, transferring its other assets and liabilities to a newly formed company. The stock of the newly formed company will be distributed pro rata...
Facebook CEO Mark Zuckerberg and wife Priscilla Chan on Tuesday posted an open letter to their new baby daughter, Max, explaining why they plan to give away 99 percent of their Facebook shares -- worth about $45 billion currently -- to philanthropic causes. The couple intend to make the donations gr...
Google CEO Sundar Pichai on Thursday announced the appointment of Diane Greene, cofounder of VMWare and a current Google board member, to lead its cloud business operations. Google will acquire Bebop, another firm founded by Greene. Bebop is a new development platform that makes it easy to build and...
Square on Wednesday announced that it had registered with the Securities and Exchange Commission for its long-expected initial public offering. A startup that specializes in electronic payments, Square has been operating in the red. It plans to raise up to $275 million in its IPO, it disclosed. Howe...
Investors cheered after Twitter CEO Jack Dorsey's announcement of plans to cut up to 336 jobs, or 8 percent of the global workforce, as part of an effort to strengthen long-term growth. Dorsey, the company cofounder who last week reclaimed his former position as chief executive, announced the painfu...
Tesla Motors CEO Elon Musk's recent comments to a German newspaper -- suggesting that Apple is the "Tesla graveyard" due to its hiring of fired Tesla employees -- has struck some nerves in the U.S. Musk dismissed claims that Apple had poached staff, telling the paper that those who couldn't cut it a...
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