Craft Ventures, the San Francisco venture firm co-founded by White House crypto and AI czar David Sacks, last week laid off a half dozen employees, the firm confirmed. Its investors are also changing their focus to later stage investments from seed stage deals. The departures mainly involved ... Read more ›
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Craft Ventures, the eight-year-old venture firm co-founded by White House adviser David Sacks, last week laid off half a dozen employees who were largely involved in recruiting professionals for startups it backs, a spokesperson confirmed. It made the changes as the firm’s investors have shifted their focus to later-stage investments from very early-stage investments, according to a person with direct knowledge of the changes. Jeff Fluhr, co-founder of the firm,... Read more ›
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Meta Platforms on Saturday released two versions of Llama 4, the newest generation of its flagship open-source large language model. Both versions, Scout and Maverick, are mixture of experts models, which are trained so that only specialized parts of a model activate at a time. The Information ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The father-son duo who sparked a spy scandal • The Arena: The WNBA and its new tech owners have a merch problem• Plus, our Recommendations: A Birkin bag version of “Succession”; Amy Poehler, podcast goddess; and why America loves a cultWell, look at that: We’ve broken ChatGPT. A full week after OpenAI debuted an improved version of the bot with better image-making... Read more ›
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Keia Clarke thought she had a handle on her surging customer demand. As chief executive of the New York Liberty, she runs the business of one of the WNBA’s hottest teams, whose recent on-court success has led to surging viewership and sales of tickets and merchandise. To prepare for the Liberty’s home opener at Barclays Center last spring, Clarke stocked the team store with fresh wares, including plush elephants modeled... Read more ›
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Glean, a developer of search chatbots for businesses, is in talks with investors to potentially raise hundreds of millions of dollars in new financing, including money to buy out employee shares in a tender offer, according to two people familiar with the discussions. The six-year-old startup’s potential valuation in the deal couldn’t be learned, but based on recent revenue growth and gross profit margins, the figure could be roughly $7... Read more ›
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Elon Musk’s breach of charitable trust lawsuit against OpenAI will go to trial in March 2026, lawyers for both parties agreed in federal district court on Friday. That’s three months later than the two parties had previously proposed. Musk is trying to stop OpenAI from converting to a for-profit ... Read more ›
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Philippe Bouaziz has always expected his only son to fight—and to fight alongside him. He made his hope plainly apparent on the day he chose his son’s name: Alexandre, a deliberate homage to Alexander the Great, the ancient Macedonian conqueror, Philippe has told people with evident pride. The name tied Alex closely together with his father. After all, Alexander the Great’s own father was named Philip. Since 2019, father and... Read more ›
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That was fast. The window for technology company stock offerings slammed shut less than a week after it opened, dashing hopes that the moribund market would come to life this year.CoreWeave, the deal that was supposed to lead the pack in a reopened market, got done on Friday. StubHub and Klarna were waiting in the wings, until President Donald Trump’s tariff plan sent stocks spiraling downward. Ticket seller StubHub succumbed... Read more ›
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On this week’s More or Less: The battle lines are drawn on OpenAI. Apple Spotify YouTube Read more ›
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Tether, by far the world’s largest stablecoin issuer, says it plans to create a new stablecoin for the U.S. market this year if Congress passes crypto legislation. In an interview with The Information, Tether CEO Paolo Ardoino said the company “will move fast” to create a new token once the expected stablecoin legislation passes. Read more ›
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President Trump on Friday said he would sign another executive order to keep TikTok “up and running” for an additional 75 days. Just a day earlier, Vice President JD Vance said on Fox News that the Trump administration was on track to hash out a solution before the Saturday deadline the ... Read more ›
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President Donald Trump said Friday that Vietnam had shown willingness to eliminate its own tariffs to avoid new U.S. levies, which sent shares of some apparel firms surging. In a social media post, Trump said Vietnamese leader To Lam told him that Vietnam “wants to cut their Tariffs down to ZERO ... Read more ›
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Last spring, Meta Platforms was on a tear. It had just released Llama 3, a new generation of its large language model, to much praise from developers and independent reviewers. Almost a year later, though, that model’s successor, Llama 4, is running behind schedule. Meta has pushed back the release date of Llama 4 at least twice and could do so again, according to two people familiar with the matter.... Read more ›
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European Union regulators are preparing penalties against Elon Musk’s X for violating the region’s rules that require companies to police disinformation and other illicit content, The New York Times reported. The EU’s penalties against X for its alleged violation of the region’s Digital Services ... Read more ›
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ByteDance, the Chinese parent of TikTok, is set to be hit by a fine of more than 500 million euros ($554 million) later this month for transferring European users’ data to China in alleged violation of the European Union’s data privacy rules, Bloomberg reported. The Data Protection Commission in ... Read more ›
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The stock market fell hard on Thursday following President Trump’s tariffs on goods from around the world, with major technology firms such as Meta Platforms and Amazon dropping 9% while Nvidia dropped 8%. Meta and Amazon both generate revenue from overseas merchants and advertisers whose ... Read more ›
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Shares in Apple fell more than 9% on Thursday after the U.S. government announced sweeping new tariffs on countries including China, Vietnam and India, where Apple makes its products. It marked Apple’s largest single-day share price drop since March 2020, when the onset of the Covid-19 pandemic ... Read more ›
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Wall Street wisdom says when a recession is on the horizon, investors should flock to defensive companies that sell things people always need, like groceries and healthcare. At the same time, they should flee cyclical firms that sell optional stuff cash-strapped shoppers will avoid or put off buying, like luxury goods and furniture. Which is why it caught me off guard that, out of all the large tech firms that... Read more ›
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President Donald Trump’s decision to impose big tariffs on imported goods may feel like an issue for supply chain managers or chip developers. But the stock market’s decline today shows that all markets are interconnected. For venture capital, the impact may be more indirect. Asked if the tariffs would affect venture investors, Tomasz Tunguz, the founder of Theory Ventures, which invests in early-stage software companies, responded emphatically: “Absolutely.” Read more ›
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Most popular sources
Business Insider
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20% 24 |
Tom's Hardware
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9% 21 |
Wired
|
9% 7 |
Gizmodo
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7% 7 |
Engadget
|
7% 6 |
| View sources » | |
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10.11.2025 20:11
Last update: 20:05 EDT.
News rating updated: 03:01.
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