Sequoia names Alfred Lin and Pat Grady as new Co-Stewards as Roelof Botha steps down
Just over three years after taking the reins as the steward of the storied firm, Botha passed the leadership baton to Lin and Grady.
Rivian creates another spinoff company called Mind Robotics
It’s the second time this year Rivian has spun out a new company, after it created micromobility startup Also in March.
Sora is now available on Android in the US, Canada, and other regions
The Sora app is now available for Android users in the US, Canada, and Japan, among other regions.
Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package
Elon Musk is pushing for a $1 trillion performance pay package. Another major shareholder has said no.
Shopify says AI traffic is up 7x since January, AI-driven orders are up 11x
Shopify says AI-driven traffic to its online stores is up 7x since January, and orders from AI search are up 11x.
Netflix in talks to license video podcasts from iHeartMedia, report says
Netflix is looking for exclusivity, which means that video podcasts that it licenses could no longer be uploaded to YouTube.
Phone location data of top EU officials for sale, report finds
Journalists in Europe found it was “easy” to spy on top European Union officials using commercially obtained location data sold by data brokers, despite the continent having some of the strongest data
Anthropic projects $70B in revenue by 2028: Report
The Information reports that Anthropic expects to generate as much as $70 billion in revenue and $17 billion in cash flow in 2028. The growth projections are fueled by rapid adoption of Anthropic’s business
Tesla’s Master Plan 4 still lacks specifics ahead of $1T Musk pay vote
Despite its imprecision, the fourth “Master Plan” is a centerpiece of Tesla’s case for giving CEO Elon Musk $1 trillion in company shares.
Spotify now has half a million video podcasts, which nearly 400M users have watched
Spotify says that users’ time spent with video content on Spotify has also more than doubled year-over-year, largely driven by video podcasts.