Dozens of investment funds that bet on mature startups before the Federal Reserve hiked interest rates in early 2022 got creamed. Not Sands Capital, which began investing in public stocks 33 years ago but decided to get into startup investing in 2014. The reason: The firm’s biggest late-stage private tech fund paused making investments in new startups in August 2021, after its managers felt founders were seeking valuations that were... Read more ›
30
Meta Platforms is in talks to make a multibillion-dollar investment into the data-labeling startup Scale AI, Bloomberg reported. The investment could exceed $10 billion in value, which would make it Meta’s largest external investment in AI yet. Scale was valued at $14 billion last May in a ... Read more ›
1
Welcome, Weekenders! In this newsletter:• The Big Read: Why Eric Schmidt and Jeff Bezos are sky-high on space data centers• The Arena: Online gambling’s toxic content problem • Opinion: AI has only made coding skills even more essential, Hadi Partovi argues• Plus, our Recommendations: Massachusett’s major wager; Aristotle’s pastime; and a pair of twisty sistersBillionaire divorces can get nasty. Just ask Stevie Cohen or Ken Griffin. And certainly Elon Musk... Read more ›
31
Another year, another viral tweet argues against “learning to code.” The latest one comes with cherry-picked data implying that art history majors outperform computer scientists in labor markets. Yet the underlying data from the Federal Reserve Bank of New York prove the opposite. Art history grads have low unemployment—just 3%—because they are actually underemployed: 47% work in low-wage jobs that require no college degree and earn almost half the median... Read more ›
40
As a triple Olympic champion, Sports Illustrated and Vogue model, and Harvard alum, sprinter Gabby Thomas attracts thousands of fans wherever she competes. She also attracts some genuine weirdos. Last weekend, for example, a man attending Thomas’ race in Philadelphia began to loudly berate her—yelling that she was a “choke artist” and that she was “goin’ down.” Thomas finished fourth, and on Monday, the man tweeted a video of his... Read more ›
8
The leader of Tesla’s Optimus humanoid robotics program, Milan Kovac, is leaving the company, a setback for what CEO Elon Musk has said will eventually become a core part of the business. Kovac, who first joined the company in 2016 and took over Optimus in 2022, confirmed his departure on X ... Read more ›
0
Forget the Musk-Trump drama for a moment. Next week is WWDC, Apple’s annual developer conference, when the iPhone maker shows off slick new software features coming later in the year. I’m tempted to say this year’s event will be more in the spotlight than usual, except that might be difficult to assert given the massive attention Apple gets for the most minor product news. And judging from this Bloomberg report... Read more ›
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Walmart plans to offer deliveries using drones from Alphabet subsidiary Wing from 100 stores in five new U.S. cities, the retailer said Thursday. The retail giant is adding Wing drone deliveries from stores in Atlanta, Charlotte, Houston, Orlando and Tampa, on top of existing drone operations in ... Read more ›
0
Gemini, the crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss, said Friday it has filed confidentially for an initial public offering. The announcement came after Circle’s blockbuster IPO yesterday and confirmed a March report by Bloomberg that Gemini has filed S-1 ... Read more ›
0
President Donald Trump is planning to sign another executive order extending the deadline to enforce a law to ban or force a sale of TikTok in the U.S., according to the Wall Street Journal. This will be the third time the president has pushed off the deadline, the latest of which is approaching ... Read more ›
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Lawyers for Microsoft and OpenAI filed documents Thursday evening asking the court overseeing Elon Musk’s breach of charitable trust lawsuit against them to dismiss claims they violated the Racketeer Influenced and Corrupt Organizations Act. The federal court for the Northern district of ... Read more ›
0
If all goes as planned in August, a startup called Starcloud from Redmond, Wash., will load a rocket bound for space with a refrigerator-sized satellite, the first to contain an Nvidia H100 chip. Normally, that chip is at the heart of the sprawling data centers back on Earth that run the latest artificial intelligence models. Compared to existing data centers, the Starcloud satellite will be almost comically under-powered: It may... Read more ›
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Some app developers are seizing the moment to try to get around the Apple tax. On May 1, Apple finally succumbed to a court order forcing the company to let U.S. apps link directly to external payment options. The company had resisted complying with the order for nearly four years, and with good reason: It allowed developers to bypass the fee of as much as 30% that Apple collects on... Read more ›
6
Indonesia’s largest sovereign wealth fund is in talks to participate in a potential deal where Singaporean ride-hailing and food-delivery firm Grab would acquire its Indonesian rival GoTo Group, Bloomberg News reported. The fund, Danantara Indonesia, is considering taking a minority stake in the ... Read more ›
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China’s Alibaba Group said the digital payments unit of Indonesian tech firm GoTo Group is now using Alibaba’s cloud computing platform, in the latest indication of how China’s biggest cloud providers are increasing their presence in Southeast Asia. GoTo Financial, which previously used cloud ... Read more ›
2
Today’s episode of America’s greatest reality series—yes, I’m talking about Elon Musk’s falling-out with President Donald Trump—was a barn burner. But rather than rehashing the gory details here (as extraordinary as their social media back-and-forth was, it was also entirely predictable), it’s more interesting to consider what this means for tech’s broader relationship with the Trump administration. I’m talking about the tech bros still in the White House—most obviously artificial... Read more ›
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Anysphere, the maker of popular coding assistant Cursor, has surpassed $500 million in annualized revenue, according to Bloomberg. The revenue milestone is more than double its pace of $200 million in annual recurring, or subscription, revenue as of March. The company did not respond to requests ... Read more ›
1
Summer for venture capitalists used to be a time when dealmaking slowed down, as investors headed to the Italian Riviera or shifted their podcast recordings to a boat on Lake Tahoe. But that wasn’t the case last year, and it certainly isn’t shaping to be this year, either.Google challenger Perplexity is in the middle of raising $500 million—or more—in a deal that would value it at $14 billion. Anthropic and... Read more ›
2
Agencies have long functioned as an intermediary between creators and advertisers. But they may start to get squeezed out, as major brands and creators try to build longer-term relationships with each other and take more creative risks. “Outsourcing” relationships between brands and creators will no longer fly, said Esi Eggleston Bracey, chief growth and marketing officer at Unilever, at The Information’s Future of Influence event on Tuesday. Read more ›
16
President Trump threatened to cancel “billions and billions of dollars” in government contracts held by Elon Musk’s companies, as a simmering feud between the two men broke into open on social media. Musk seemed to endorse Trump’s impeachment in one post. Tesla shares fell 14% in ... Read more ›
0
Shares of stablecoin issuer Circle jumped more than 180% in their first day of trading, reaching a market value of $17.8 billion as investors rushed into the first big crypto initial public offering under President Donald Trump. The debut could bode well for other crypto and fintech companies ... Read more ›
0
It’s not always easy for customers of Lowe’s Home Improvement to locate employees when they need to ask for help inside its cavernous facilities. But the retailer is at least giving its employees access to artificial intelligence so they can be a lot more helpful in answering questions when customers do track them down.Over the last year, the company has used models from OpenAI to develop a voice and text... Read more ›
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Most popular sources
Business Insider
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22% 23 |
Eurogamer.net
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16% 14 |
Android Authority
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13% 8 |
Wired
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7% 1 |
Gizmodo
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7% 1 |
| View sources » | |
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09.06.2025 02:27
Last update: 02:05 EDT.
News rating updated: 09:20.
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