Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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ChangXin Memory Technologies, China’s leading memory chipmaker, jumped 472% in its Shanghai trading debut on Monday, as investors bet the Chinese memory chipmaker will benefit from growing demand for AI. The opening price valued CXMT at about 3.3 trillion yuan ($487 billion), making it the ... Read more ›
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Get ready. We’ve got a slew of big tech earnings reports this week—from Meta Platforms, Microsoft, Amazon and Apple—that will pick up from Google’s report last week on the state of AI spending and business. PayPal is also reporting on Tuesday, so we should get some insight into the payment firm’s attitude toward Stripe’s recent takeover offer with private equity backing, about which PayPal has so far been conspicuously silent.But... Read more ›
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Online fashion retailer Shein revealed in paperwork for its forthcoming Hong Kong Stock Exchange IPO that last year’s elimination of regulations allowing retailers to import low-cost items without paying duties had hit its business hard. Shein’s revenue growth slowed to 1.1% in the ... Read more ›
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Dealmakers are busy scouting public and private markets for funding for the AI buildout. And with demands for capital quickly outpacing traditional forms of data center financing, they’re getting increasingly creative. John Greenwood, Goldman Sach’s global head of infrastructure and real asset finance, said he’s “looking for capital in every nook and cranny” to support an expected $7.5 trillion in spending on chips, data centers and power in the next... Read more ›
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Until a year or two ago, big tech firms like Google had relatively simple balance sheets, stuffed with cash that covered any debt several times over. Nowadays, thanks to massive AI spending, Google and others are adopting techniques long used on Wall Street to expand their business without taking on all the risk themselves. Google, for example, disclosed last week that it had agreed to cover as much as $44... Read more ›
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Chinese AI developer DeepSeek has told investors that it is putting its fundraising talks on hold, according to a person with direct knowledge of the matter. The pause on the new funding round, which values DeepSeek at 500 billion yuan ($74 billion), comes after a leaked transcript of CEO Liang ... Read more ›
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Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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SpaceX completed its 13th test flight of its Starship rocket on Friday night after aborting a test launch last week, the first completed launch since the company went public last month. The test flight marked several key milestones for SpaceX, including deploying 20 of its next generation ... Read more ›
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To combat her loneliness, An Xu, a 15-year-old middle schooler in Shanghai, had recently been relying for emotional support on her text and voice conversations with an AI companion on Doubao, China’s most popular AI chatbot app. AI companions are meant to mimic humanlike conversation, emotions and interactions as realistically as possible—even more so than ordinary chatbots. And just before a new Chinese government regulation forced Doubao and other companies... Read more ›
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Nvidia on Friday announced a $500 billion partnership with the conglomerate that owns SK Hynix, whose high-bandwidth memory chips are critical to Nvidia’s AI servers. The partnership aims to help Nvidia access more memory chips and fill more data centers with its servers. Nvidia’s ... Read more ›
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Alphabet’s Waymo is weighing an exit from its Uber partnership in which riders can hail Waymo robataxis from Uber’s app, the Financial Times reported. Waymo has held internal conversations about ending its current deals with Uber in Austin and Atlanta, the newspaper reported. In May, the two ... Read more ›
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Many of the largest U.S. tech companies signed a joint letter on Friday defending open-source AI software as the Trump administration considers possible restrictions on Chinese labs. The letter—signed by Meta Platforms, Nvidia, Microsoft and Andreessen Horowitz, along with AI startups like ... Read more ›
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Utter kitchen chaos unfolded when Brynn Putnam and I got together a week or so ago and she suggested a round of “Chop, Chop,” a collaborative restaurant simulation game created by her startup, Board. Even under her close supervision, I still nearly burned the grilled cheese—then left the tomato soup unseasoned until the very last minute. And I cannot imagine my cleaning skills would score high marks from the city... Read more ›
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Shares of Nvidia don’t trade like those of a company whose revenues are expected to rise 83% this year. Instead, the stock is priced as though everything that could go wrong in the next couple of years will go wrong. That creates an opportunity for investors willing to take a longer view. Most semiconductor investors are chasing the stocks they think will grow the fastest over the next few years.... Read more ›
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OpenAI President Greg Brockman said Thursday he supported a recent suggestion from longtime rival Elon Musk that leading AI developers meet every few weeks to discuss and share safety and security concerns about the technology. “I think it’s a pretty good baseline proposal,” Brockman said, ... Read more ›
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Maybe, just maybe, big tech firms need to do a better job of explaining their AI investment strategies. Shares of Google parent Alphabet fell 7% on Thursday after the company disclosed a further increase in capital expenditures this year—money it will spend on new AI chips, servers and data centers. The drop all but wiped out the gains the stock had enjoyed so far this year.Sure, the entire stock market... Read more ›
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Before we get into today’s column, some breaking news: Stripe is in talks to buy OpenRouter for about $10 billion. The news follows our report Friday that the $1.3 billion-valuation startup, which helps companies choose the best and cheapest AI models, was the target of takeover interest. Databricks was also in early discussions to buy the startup, we reported today. For more on why Stripe can make big acquisitions, read... Read more ›
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Amazon this week closed its AGI Lab, a San Francisco-based research and product team that was developing software to improve the usefulness of AI agents, according to an Amazon spokesperson. The lab was shuttered as part of Amazon’s layoffs in its artificial general intelligence unit ... Read more ›
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Alphabet’s Google disclosed Thursday it owns $94.1 billion in SpaceX shares, representing the bulk of a $99 billion in unrealized gains in marketable securities in the second quarter. The tech giant’s marketable equity securities include $80 billion in SpaceX shares it can’t sell in the ... Read more ›
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Stripe is in talks to buy OpenRouter, a startup that helps app developers access hundreds of AI models, for close to $10 billion, according to a person with knowledge of the talks. A transaction could be announced within the next month, though the talks could still fall apart, the person ... Read more ›
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AMD said Thursday it is working with Cerebras, a rival AI server chip developer, on connecting AMD’s server racks to Cerebras wafers to run both companies’ chips simultaneously. The move is an example of disaggregated inference, or running the same AI across different chips to make workloads ... Read more ›
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Intel shares rose 12% in after-hours trading after the company said revenue growth hit a 15-year high in the second quarter on the back of chip demand from AI customers. Intel’s data center and AI hardware unit grew 59% to $6.3 billion as central processing units, one of Intel’s longtime fortes, ... Read more ›
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Crypto exchange BitMEX, one of the oldest crypto exchanges, said it will shut down in September after 11 years in business. Its shuttering comes as the crypto industry struggles with falling prices and diminishing individual investor interest. BitMEX said its board made the decision “following a ... Read more ›
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After OpenAI revealed on Tuesday that its AI broke out of the company’s systems, accessed the web and hacked model repository Hugging Face during a cybersecurity test, it was easy to view the disclosure as a kind of “we’re so good it’s scary” marketing flex.Some commentators made that observation because OpenAI was specifically testing the AI’s ability to hack, so it’s no surprise it would do as it was told.... Read more ›
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The release of a high-profile Chinese AI model last week has triggered debate in the White House and Silicon Valley over whether to restrict such technology in the U.S. As the White House and U.S. agencies including the Commerce Department investigate whether China-based Moonshot stole American IP and accessed restricted Nvidia chips to develop the model it released last week, Anthropic and OpenAI stand nearly alone among tech companies in... Read more ›
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27.07.2026 05:32
Last update: 05:25 EDT.
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