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Wiz’s $32 billion sale to Google is giving at least one venture capital megafund a case study for why it can pay to double and even triple down on top startups.Insight Partners, the VC and private equity giant that owns 8% of Wiz, wrote to limited partners Tuesday that the transaction turned a $213 million investment into $2.6 billion. Including sales of shares made last year, Insight estimates it returned more than 15 times the capital from its investments.
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The Information
JP Morgan's chief global economist warned that Donald Trump's aggressive tariff plan increased the risk of the country falling into a recession. Read more ›
5,039 fresh
The Trump administration’s tariffs are, by every reasonable account, an economic catastrophe in the making. So why are they happening? One explanation is that this is simply democracy at work. President Donald Trump campaigned on doing more or less exactly what he’s just done, and the voting public elected him. So here we are. That’s […] Read more ›
2,186 fresh
Vice President JD Vance said Musk will remain a "friend and an adviser" on Fox News. Read more ›
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When President Donald Trump began yesterday’s announcement of the White House’s latest trade policy brandishing a novelty-sized cardboard sign labeled “Reciprocal Tariffs,” the immediate and nearly unanimous response was bafflement. Trump slapped a 10 percent baseline tariff on all imports into the US, including from uninhabited islands, plus absurdly high rates on specific countries, supposedly […] Read more ›
904
Though Superman is clearly going to get the living daylights beat out of him at some point in James Gunn’s upcoming DC Studios feature, the movie’s latest trailer puts a spotlight on how the Man of Steel gets put back together again. During its presentation at this year’s CinemaCon, Warner Bros. shared an extended sneak […] Read more ›
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Social media users have noted that there appears to be no logic behind the tariffs. Read more ›
738 fresh
CinemaCon audiences got an early look at Predator: Badlands, including its setting: an alien 'planet of hurt.' Read more ›
647 fresh
US president suggests he is open to horse-trading a day after imposing severe import levies on Chinese goods Read more ›
550 fresh
Temporary layoffs show the real-world impact of the uncertainty Trump has created. Read more ›
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Microsoft is testing a new Windows 11 feature that resizes taskbar icons dynamically like on macOS, with options to shrink icons when the taskbar is full or keep them small at all times. The Verge reports: If you're on the beta, under Taskbar settings - Taskbar behaviors, you can now select options under Show smaller taskbar buttons: Always, Never, or When taskbar is full. The third option will scale down... Read more ›
508 fresh
The original Switch started a revolution when it combined the portability of handhelds with the ability to play games on your TV at home like a traditional console. But with the Switch 2, even though it's physically bigger, it feels like a sleeker, faster and more refined take on its predecessor — to the point that Nintendo should have called it the Super Switch (which apparently almost happened). And after... Read more ›
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James Cameron's multi-billion dollar Avatar franchise returns with a new entry December 19. Read more ›
450 fresh
Despite their concerns, GOP senators largely demurred on whether they'd support a new bill to reign in Trump's tariff powers. Read more ›
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Apple plans to hold a WWDC keynote viewing party for select students and developers on Monday, June 9, with a limited number of invites available for an in-person Apple Park event. Apple accepted applications for attendance until yesterday, and the company is now sending out notices to those who have been selected to go via its lottery process. The event is set to include WWDC-related special activities like the keynote... Read more ›
439 fresh
Economists and supply chain experts told BI consumers will spend about $4,000 more this year due to cost increases caused by Donald Trump's tariffs. Read more ›
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In the wake of Snow White's middling performance, Disney seems to be rethinking the pace and potential of its live-action remakes. Read more ›
384 fresh
The CEO of Steve Jackson Games, which makes board games and card games, says that the 54 percent tariff on goods imported from China that will go into effect on April 5th is a “seismic shift” for the board game industry and that “prices are going up.” “At Steve Jackson Games, we are actively assessing […] Read more ›
367 fresh
For European tech founders, the return of aggressive US trade tariffs marks a moment of strategic recalibration.A tariff is a government-imposed tax on imported goods or services. Tariffs are used to ... Read more ›
366 fresh
Trump's tariffs announcement has companies scrambling as their costs increase. Here's which companies have hinted at raising prices. Read more ›
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The Information
Keep your eyes peeled on Wednesday for an announcement from President Trump about his plan to keep TikTok alive in the U.S. As I scooped earlier today, Trump plans to announce a proposal for a new company expected to be called TikTok America, which would be roughly 50% owned by new U.S. investors and license TikTok’s algorithm from its Chinese parent company ByteDance. Read the full story here. Now on... Read more ›
30
In the second Donald Trump era, the separation between tech and politics appears vanishingly small. “Eight years ago, you’d never see a Tim Cook or Elon Musk in Mar-a-Lago. Now, you see them all the time,” said Brian Ballard, founder of Ballard Partners and one of the top lobbyists recommended to us by industry insiders. Federal lobbying spending hit a record high in 2024, with companies, nonprofits and other interest... Read more ›
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Earlier this year, employees at online diaper seller Coterie noticed customers arriving from an intriguing new source—ChatGPT. Coterie, like most brands, asks its customers how they heard about the company after they make a purchase. The typical answer is word of mouth. But in recent months, some shoppers started crediting their purchase to OpenAI’s popular artificial intelligence chatbot, which added real-time search features last fall, making it a more important... Read more ›
21
Phewww. That was a close one. Tech stocks narrowly avoided another large, painful sell-off on Monday as investors continued to look at the uncertainty around President Donald Trump’s trade agenda. The Nasdaq ended the day down 0.1%, but at different points in the day, trading seemed much grimmer, and the index was down more than 2% at one point. Read more ›
18
OpenAI CEO Sam Altman described the awe-inspiring usage of ChatGPT’s new image generation tool a few days ago as “biblical.” His use of religious terminology fits the moment. The money that Altman, Elon Musk and tech giants require to finance chips, data centers and power is a test of faith for Wall Street. Read more ›
12
Apple is developing a revamp of its Health app to incorporate an artificial intelligence-powered agent product to designed to replicate a doctor, Bloomberg reported. The report said Apple devices would collect data to be used by the agent to offer personalized health recommendations. It said ... Read more ›
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President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America, part of his efforts to broker a deal to keep TikTok alive in the U.S., according to a person close to the discussions. It’s unclear whether the Trump administration has approval for the proposed structure from the Chinese government. Under Trump’s proposal, TikTok America would be roughly 50% owned by new U.S.... Read more ›
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Cybersecurity firm Palo Alto Networks last year started adding artificial intelligence chatbots to its products to help customers get answers about their network security. The tools originally relied on state-of-the-art models from OpenAI and other firms. But Palo Alto Networks recently found that open-source models from DeepSeek, a Chinese developer, could handle the same tasks for just 5% of the cost of the OpenAI models, CEO Nikesh Arora said. Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: How the startup behind Cursor became the hottest, vibiest thing in AI• The Top 5: The lobbyists Silicon Valley loves to hire • Plus, our Recommendations: The indentured servants who excel at scams; an Anxious Generation villain; and the existential link between Mel Brooks and Leonard BernsteinSee the image atop this newsletter? OpenAI’s ChaptGPT created it with this prompt: “Make a Ghibli-style... Read more ›
6
Every so often, a flashy startup hurtles to the white-hot center of the Silicon Valley zeitgeist, presenting an extraordinary encapsulation of a moment in time. For the past few years, it has been OpenAI. Now, arguably, it’s Anysphere, an AI startup run by four founders, all under age 30, that remained little known until quite recently. In quick order, Anysphere’s AI code-editing software, Cursor, has become the central part of... Read more ›
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Most popular sources
Business Insider
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34% 11 |
Gizmodo
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10% 24 |
The Verge
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9% 6 |
Engadget
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7% 2 |
Eurogamer.net
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7% 4 |
| View sources » | |
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04.04.2025 00:22
Last update: 00:16 EDT.
News rating updated: 07:10.
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