Tech

Rivian gives RJ Scaringe a new pay package worth up to $5B

[ad_1] Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing. Scaringe’s salary is also being doubled to $2 million per year, and he was given …

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‘Landfall’ spyware abused zero-day to hack Samsung Galaxy phones

[ad_1] Security researchers have discovered an Android spyware that targeted Samsung Galaxy phones during a nearly year-long hacking campaign. Researchers at Palo Alto Networks’ Unit 42 said the spyware, which they call “Landfall,” was first detected in July 2024 and relied on exploiting a security flaw in the Galaxy phone …

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Accel backs Uber rival Rapido as Prosus boosts stake

[ad_1] Accel has invested in Rapido, the ride-hailing platform competing with Uber in India, while Prosus has increased its stake, after Indian two-wheeler giant TVS Motor sold its entire holding. On Thursday, TVS Motor said in a stock exchange filing (PDF) that it has sold its entire stake in Rapido …

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Tesla to begin Cybercab production in April, Musk claims

[ad_1] Tesla will begin producing the Cybercab, an autonomous electric vehicle with no pedals or steering wheel, this April at its factory in Austin, Texas, CEO Elon Musk said during the company’s shareholder meeting Thursday. His comments on Cybercab came just moments after shareholders overwhelmingly approved a compensation package for …

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Chris Sacca’s VC firm is raising a second nuclear fusion fund 

[ad_1] Chris Sacca’s venture firm Lowercarbon Capital is raising a second fund to back nuclear fusion energy hopefuls, the VC said at the SOSV Climate Tech Summit on Thursday, as reported by Bloomberg.   The firm has backed leading fusion startup Commonwealth Fusion Systems, as well as others like Pacific Fusion. It raised a $250 million, fusion-geared fund in …

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Tesla delays reveal of production Roadster 2 to April Fools’ Day

[ad_1] Tesla CEO Elon Musk said Thursday the company will reveal the production version of its second-generation Roadster supercar on April 1, 2026 — nearly nine years after he first revealed the project. Musk, who is famous for missing deadlines, said during Tesla’s annual shareholder meeting that he chose April …

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