TNB Tech Minute: Airbnb Appoints New CFO
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 5 December 2023
⏱️ 1 minutes
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| 0:00.0 | Here's your TMB Tech Minute for Tuesday, December 5th. |
| 0:05.0 | I'm Alex Osala for the Wall Street Journal. |
| 0:07.5 | This is our new afternoon roundup of the day's big tech headlines. |
| 0:11.0 | Airbnb has appointed Ellie Mertz as its new chief financial officer. |
| 0:16.0 | Mertz succeeds Dave Stevenson, Airbnb's CFO since 2019, who will be the company's first chief business officer. |
| 0:24.0 | Mertz has worked at Airbnb for 11 years and previously served as Vice President of Finance. |
| 0:29.3 | She also oversaw Airbnb's successful 2020 IPO. SoftBank Corp says it's set to invest roughly |
| 0:35.6 | $113 million in Dublin-based software company Cubic Telecom. Cubic Telecom |
| 0:41.4 | helps vehicles linked computer networks and analyzes data. |
| 0:45.0 | Soft Bank plans to take a 51% equity stake in Cubic Telecom, valuing the company at more than 900 million euros. |
| 0:53.0 | And Elon Musk's artificial intelligence startup X-AI |
| 0:57.0 | has filed to raise up to $1 billion in equity. |
| 1:00.0 | That's according to a regulatory filing. |
| 1:02.0 | The company has already raised nearly $100,000. That's according to a regulatory filing. |
| 1:03.0 | The company has already raised nearly $135 million. |
| 1:07.0 | On its website, the startup says that its mission is, quote, |
| 1:10.0 | working on building artificial intelligence to accelerate human scientific discovery. |
| 1:14.9 | It also says that it is a separate entity from X Corp, but that it'll work closely with Musk's |
| 1:19.4 | other properties, including X, formerly Twitter, and Tesla. |
| 1:23.0 | For a deeper dive into what's happening in tech, |
| 1:26.0 | check out Wednesday's Tech News Briefing Podcast. |
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