New York Tech Sector Prepares for Mayor-Elect Mamdani | Bloomberg Tech 11/5/2025

Bloomberg Technology•Wednesday, November 5, 2025 at 10:16:22 PM

New York Tech Sector Prepares for Mayor-Elect Mamdani | Bloomberg Tech 11/5/2025

The New York tech sector is gearing up to collaborate with Mayor-elect Zohran Mamdani, signaling a promising future for innovation in the city. This comes amid discussions about AMD's earnings and ongoing investor concerns regarding AI valuations. Additionally, Tesla's shareholders are preparing to vote on a significant $1 trillion pay package for Elon Musk, which could have major implications for the company's direction. The convergence of these events highlights the dynamic nature of the tech landscape in New York and its potential impact on the economy.

— via World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Futurism — AI4 hours ago

Andrew Cuomo’s Extensive Use of AI Made His Campaign a Toxic Joke

NegativeArtificial Intelligence

Andrew Cuomo's campaign heavily relied on AI technology, but instead of boosting his chances, it turned into a source of ridicule, making him a laughingstock in the political arena. Meanwhile, Zohran Mamdani emerged victorious, highlighting the stark contrast between their approaches. This situation underscores the potential pitfalls of over-relying on technology in political campaigns, reminding candidates that authenticity and connection with voters are crucial for success.

Read full article

via Futurism — AI

Engadget4 hours ago

Former FTC Chair Lina Khan will help Zohran Mamdani build his new administration

PositiveArtificial Intelligence

Former FTC Chair Lina Khan is set to assist Zohran Mamdani in shaping his new administration. This collaboration is significant as it brings Khan's expertise in regulatory matters to Mamdani's leadership, potentially influencing policies that impact consumers and businesses alike. Their partnership could lead to innovative approaches in governance, making it a noteworthy development in the political landscape.

Read full article

via Engadget

TechCrunch5 hours ago

Lucid Motors’ chief engineer leaves after 10 years

NegativeArtificial Intelligence

Eric Bach, the chief engineer at Lucid Motors, has departed after a decade with the company, marking a significant shift in leadership. This change comes amid a broader executive shake-up, raising concerns about the company's direction and stability. Bach's previous experience at Tesla added to his credibility, making his exit noteworthy. It highlights the challenges Lucid Motors faces in the competitive electric vehicle market.

Read full article

via TechCrunch

Bloomberg Technology6 hours ago

Tesla Shareholders Close to Deciding on Musk's $1 Trillion Pay Package

NeutralArtificial Intelligence

Tesla is gearing up for its first annual shareholder meeting in Texas, where a key topic will be Elon Musk's proposed $1 trillion pay package. This meeting is significant as it marks a new chapter for Tesla under Texas law, and the outcome could have major implications for corporate governance and executive compensation practices. With insights from Shane Goodwin, an expert in corporate governance, the discussions are expected to shed light on how shareholders view Musk's compensation in relation to the company's performance.

Read full article

via Bloomberg Technology

TechCrunch8 hours ago

Lina Khan to co-chair NYC mayor-elect Zohran Mamdani’s transition team

PositiveArtificial Intelligence

Lina Khan's appointment to co-chair the transition team for NYC mayor-elect Zohran Mamdani is a significant move that signals a shift in the city's approach to governance, particularly regarding the tech industry. Khan, known for her critical stance on major tech companies, brings a fresh perspective that could reshape policies in favor of accountability and fairness. This transition is important as it reflects the values of a new generation of leadership and could influence how tech giants operate in the city.

Read full article

via TechCrunch

Ars Technica — All11 hours ago

Tesla’s European and Chinese customers are staying away in droves

NegativeArtificial Intelligence

Tesla is facing a significant decline in sales as both European and Chinese customers are increasingly turning away from the brand. This downturn is particularly concerning for investors who are weighing the implications of this trend on Elon Musk's potential to become a trillionaire. The drop in sales not only affects Tesla's market position but also raises questions about the company's future growth and sustainability in these key markets.

Read full article

via Ars Technica — All

TechSpot11 hours ago

AMD prepares Ryzen 7 9700X3D as budget-friendly 3D V-Cache CPU, AI Max+ 388 also appears on PassMark

PositiveArtificial Intelligence

AMD is gearing up to launch the Ryzen 7 9700X3D, a budget-friendly CPU featuring 3D V-Cache technology, which is expected to deliver impressive performance without breaking the bank. This move is significant as it caters to gamers and content creators looking for cost-effective yet powerful processing options. Additionally, the AI Max+ 388 has also been spotted on PassMark, hinting at AMD's continued innovation in the CPU market. This development could enhance competition in the industry, benefiting consumers with more choices and better pricing.

Read full article

via TechSpot

International Business Times13 hours ago

Elon Musk's $1 Trillion Tesla Pay Proposal Hits Resistance from Norway's Mega Fund

NegativeArtificial Intelligence

Elon Musk's ambitious $1 trillion pay proposal for Tesla is facing significant pushback from Norway's $2 trillion wealth fund, which has raised concerns about the potential impact on shareholders and the overall size of the compensation package. This resistance highlights the ongoing debate over executive pay and its implications for corporate governance, making it a crucial issue for investors and stakeholders alike.

Read full article

via International Business Times