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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It’s not easy to run an enterprise software company these days. For the nth example of this, read the latest story by my colleague Laura Bratton, who describes how an Atlanta real estate manager replaced Salesforce software with a custom app developed using Replit and Claude Code—saving $100,000 a year. Yipes. Fears that companies will replace their software subscriptions with cheaper AI tools have hammered not just publicly traded stocks... Read more ›
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Teresa Carlson, a cloud industry veteran who previously spent more than a decade at Amazon Web Services selling cloud deals to government agencies, has joined Anthropic as global head of public sector sales, she announced on LinkedIn. Carlson, who oversaw AWS’ $600 million cloud agreement with ... Read more ›
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SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, according to a memo sent to staff. The companies pushed back plans to launch the new model earlier this week in order to improve its efficiency, according to the memo. The model is expected to process ... Read more ›
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HubSpot last week triggered a firestorm among customers after announcing a plan to use some of the data they store with HubSpot’s customer relationship management app to power a forthcoming AI-powered feature.While HubSpot reversed course four days later, the episode shows how sensitive customers are to software firms using their data in the AI era. HubSpot’s reversal is also another demonstration of the leverage that businesses have with the traditional... Read more ›
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SpaceX shares fell more than 5% to around $151 per share on Tuesday morning, as the company joined the Nasdaq 100 index. The decline comes even as index-tracking funds are expected to increase demand for shares of the rocket ship company, though many funds complete trades closer to market close, ... Read more ›
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Last year, Alex Bouaziz, CEO of $17 billion payroll startup Deel, was several months into an escalating legal battle with an archrival, Rippling, when he texted one of his investors, Ben Horowitz, about an issue. He alerted Horowitz to a recent podcast in which Rippling CEO Parker Conrad had criticized Horowitz’s venture capital firm, Andreessen Horowitz, for standing by Deel amid a corporate spying scandal. (Rippling had sued Deel in... Read more ›
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XAI’s decision to rent out spare server capacity, Meta’s launch of an AI agent for enterprises, and Anthropic’s move to develop AI server chips this year should have come as no surprise to anyone well versed in the history of the tech industry. Over time, big tech firms tend to creep into each other’s territory, seeking more room to grow.And since late 2024, we’ve charted how nine major tech firms... Read more ›
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Amazon is seeking to raise at least $25 billion from a US bond sale, Bloomberg reported, continuing a wave of borrowing underway by the company this year. Big tech peers including Google and Meta Platforms have also tapped the bond markets this year as the sector looks to fund a massive AI ... Read more ›
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Zhipu AI, the Chinese AI lab behind the highly regarded GLM series of open-source AI models, is weighing designing its own AI chip as surging demand and U.S. export controls make computing resources a growing constraint, according to three people with direct knowledge of the plan. The Beijing-based company, one of China’s leading AI labs, recently made preliminary inquiries with some Chinese chip design houses about the possibility of working... Read more ›
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Chinese officials have held meetings to discuss the idea of restricting overseas access to China’s most advanced AI models, Reuters reported, citing three people familiar with the discussions.. In the meetings, led by China’s Ministry of Commerce, officials discussed putting limits on the most ... Read more ›
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We’re guessing the July 4 weekend was not too relaxed for some folks at Microsoft. Today we got news that the company is laying off 4,800 people—around 2% of its total workforce—mostly in sales and at its troubled Xbox business. It's also selling at least four, and probably five, small gaming studios. Asha Sharma, Microsoft’s new gaming chief, had foreshadowed the gaming cuts last month, and on Monday she doubled... Read more ›
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TeraWulf shares jumped Monday after the bitcoin mining and data center provider announced it had entered a 20-year lease agreement with Anthropic to provide the AI model maker a purpose-built AI campus at a site in Hawesville, Kentucky. TeraWulf shares jumped as high as 19% before closing the ... Read more ›
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SpaceX President Gwynne Shotwell said Monday that she planned to donate a portion of her SpaceX stock to the Trump Accounts program. Shotwell wrote on X that the donation would be targeted to accounts for children between the ages of 11 and 17 “that live in areas with lower average household ... Read more ›
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Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of Thrive Capital that buys controlling stakes in accounting and other services firms and aims to transform them with AI. Thrive Holdings, a one-year-old holding company started by OpenAI investor Thrive Capital, is raising around $2 billion from investors including Altimeter, D1 Capital Partners and SoftBank, according to a person familiar with the... Read more ›
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Mercor hit over $2 billion in gross revenue run rate in June, double its pace earlier this year, according to a person with direct knowledge of the company’s financials. The growth comes from increased demand from AI app developers and Fortune 500 customers looking to build their own or ... Read more ›
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DETROIT—In mid-June, a few days after the SpaceX initial public offering made him billions, tech investor Antonio Gracias returned to his hometown of Detroit to address a room filled with Rust Belt manufacturers. The proprietors were mostly tech transplants who had come to the Midwest to buy up industrial plants and install AI on the factory floor.“It’s not true that you can’t make things in America,” Gracias said to encouraging... Read more ›
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At this year’s Milken Institute Global Conference, the discussions around enterprise AI had shifted. The question among executives was no longer if AI would pay off, but how. Many talked less about proving ROI and more about positioning their companies to capture it. That tension—between AI’s capabilities and organizations’ capacity to keep up—was evident everywhere, from panel discussions to a private dinner co-hosted by Aily Labs founder and CEO Bianca... Read more ›
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A little-noticed spat between two startups over their highly similar marketing videos is fueling concerns about AI's impact on creativity.Higgsfield AI, the video generation startup, has been getting buzz lately. My colleagues Valida and Julia reported last week that Higgsfield is raising $300 million to $500 million at a $5 billion valuation, excluding the new funds. And the company recently announced an integration with Claude Code, allowing the Anthropic coding... Read more ›
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Microsoft is laying off 4,800 employees, primarily in its Xbox and sales units, chief people officer Amy Coleman said in a memo to staff Monday. Coleman said that the cuts in sales were due to reorganizations as Microsoft shifts its business to focus more on AI products, including the creation ... Read more ›
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The world’s largest companies may not be hurriedly replacing traditional enterprise applications with vibe coded alternatives, but some smaller firms are. Greenleaf Management, an Atlanta-based real estate property and investment manager with about 55 employees, saved around $100,000 annually by replacing Salesforce’s customer relationship management software with a custom application developed using AI tools from startup Replit and Claude Code, said Dave Codrea, a partner at the company. The new... Read more ›
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27.07.2026 09:49
Last update: 09:41 EDT.
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