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Linda Yaccarino steps down as CEO of X

Linda Yaccarino had one of the toughest jobs in tech. She was brought over from NBCUniversal by Elon Musk to offer some stable leadership after his chaotic acquisition of Twitter, and to convince fleeing advertisers to stay on the troubled platform (as Musk was swearing at them).

Today, Yaccarino announced her departure on the platform she tried to tame after two tumultuous years.

When Yaccarino was hired, Musk said she would focus on business operations while he would work on product design and technology (while also running Tesla, SpaceX, and his other companies).

But Yaccarino’s indefatigable boosterism of X was always overshadowed by Musk’s mercurial pronouncements. Her tenure saw the social media platform expand into something like the “everything app” that Musk has frequently described, though much of that work remains unfinished.

Yaccarino’s greatest achievement was to lure back major advertisers who jumped ship after Musk’s offensive posts started to sink the platform. Apple, Comcast, Disney, and IBM all returned to X under Yaccarino’s tenure, which may have saved the platform from a death spiral.

But the next person to take the role will have plenty of other controversies to deal with.

When Yaccarino was hired, Musk said she would focus on business operations while he would work on product design and technology (while also running Tesla, SpaceX, and his other companies).

But Yaccarino’s indefatigable boosterism of X was always overshadowed by Musk’s mercurial pronouncements. Her tenure saw the social media platform expand into something like the “everything app” that Musk has frequently described, though much of that work remains unfinished.

Yaccarino’s greatest achievement was to lure back major advertisers who jumped ship after Musk’s offensive posts started to sink the platform. Apple, Comcast, Disney, and IBM all returned to X under Yaccarino’s tenure, which may have saved the platform from a death spiral.

But the next person to take the role will have plenty of other controversies to deal with.

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Nokia surges as Nvidia invests $1 billion in company, a 2.9% stake

Nvidia is taking a 2.9% stake in Nokia, as the Finnish mobile networking company has successfully pivoted to AI and data center technology.

In a press release announcing the deal, Nokia said:

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture.”

Nokia’s stock shot up over 20% on news of the deal.

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Apple market cap tops $4 trillion

The world’s most valuable companies keep getting more valuable. Today, Apple briefly surpassed a market cap of $4 trillion, joining the likes of Microsoft and Nvidia, though shares had turned slightly negative as of 10:13 a.m. ET. The iPhone maker, which reports quarterly earnings on Thursday, has been riding high off news of positive sales growth for its iPhone 17.

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