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Elon Musk’s SpaceX has agreed to pay $17 billion for wireless spectrum licenses from EchoStar to build out its Starlink satellite network, the telecommunications firm said Monday. The deal includes $8.5 billion in cash and up to $8.5 billion of SpaceX’s stock portfolio for two blocks of wireless spectrum that could expand its reach to […]

Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday. The Facebook parent is entering the competitive field of humanoid robotics, joining rivals such as Nvidia-backed Figure AI and Tesla, as the emergence of […]

Meta CEO Mark Zuckerberg’s decision to eliminate censorship and content moderation policies blindsided several members of the company’s oversight board — and the U-turn has led to friction among the members, sources were quoted as saying in a report. The 21 members of the independent board, which for years had been tasked with ruling on hot-button issues related to hate speech […]

Mark Zuckerberg’s Meta approved massive bonuses for executives — days after the tech giant laid off about 4,000 workers. In a corporate filing on Thursday, Meta said it approved “an increase in the target bonus percentage” for its annual bonus plan. The company’s executives could now earn a bonus representing 200% of their base salary, up from […]

When Skip Schumaker stepped onto the podium in Arlington for his first press conference as Texas Rangers manager, the air in the room felt different. No cautious optimism. No corporate politeness. Just one sentence that instantly shook the organization from top to bottom. “I’m not here to babysit – I’m here to win.” It wasn’t […]