Welcome, Weekenders! In this newsletter:• The Big Read: Inside ZaiNar, the secretive startup hoping to power the physical AI era • Policy: Meet the Trump official who wants to deliver a win to prediction markets • Plus, Recommendations—our weekly pop culture picks: “Expanse: The Nannup Four,” “The Infinity Machine” and “Beef”Watching the Elon Musk versus OpenAI trial from inside the courtroom gave me a front-row seat to the AI boom’s... Read more ›
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Talk about a fire-sale price. That’s the only way to describe the $14 billion valuation we learned today is being put on TikTok U.S. in the Trump administration–orchestrated sale of the app. Given what we’ve reported about TikTok parent ByteDance’s revenues, and our guesstimate about how much came from TikTok, the valuation may be less than one times revenue. For a business growing as quickly as TikTok has been, that’s... Read more ›
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Cloudflare, a $76 billion company that powers major websites, said it plans to launch a U.S. dollar-backed stablecoin that will be used in AI-powered transactions. The stablecoin is the first by a major tech firm after the passage of stablecoin legislation in July. The stablecoin, called ... Read more ›
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Apple has urged the European Union to repeal the Digital Markets Act, claiming it causes delays in new features and increases privacy and security risks for users on the continent. The company said the law has forced it to postpone features like iPhone mirroring to Mac and live translation with ... Read more ›
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The topic of whether startup boards have enough women on them has been muted lately. Not only has President Donald Trump’s administration targeted diversity mandates, but federal courts have overturned related laws, such as those passed in California requiring a certain number of women and underrepresented minorities on public company boards. But Jennifer Siebel Newsom, the wife of California Gov. Gavin Newsom, a frequent Trump critic, wants to draw attention... Read more ›
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Google considered selling part of its ad tech unit as recently as 2024, a Google executive testified in federal court in Virginia on Thursday, after considering the same idea in 2021. The company also considered putting part of its ad tech business into Google Cloud and selling its as a ... Read more ›
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Meta Platforms staffers have had discussions with Google Cloud about the possibility of using Google’s artificial intelligence models to improve Meta’s ad business, according to people with knowledge of the conversations. The discussions are the latest sign of how Meta’s stumbles with its own AI have prompted it to consider using other companies’ technology, at least as an interim measure while its newly overhauled AI teams improve its models. Read more ›
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Google DeepMind released the latest version of its flagship language model designed for powering robots, touting the model’s ability to detect nearby objects, plan motions such as how to grab a mug and search the internet for information, such as local recycling laws. The unit of Alphabet’s ... Read more ›
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MGX, the United Arab Emirates-backed investment fund, is in talks to join a consortium of non-Chinese investors that would buy control of TikTok’s U.S. business under a deal being orchestrated by the Trump administration, according to Bloomberg. MGX, Oracle and Silver Lake could each ... Read more ›
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Cloud AI provider Databricks, through a new agreement with OpenAI, will be able to host models such as GPT-5 for its customers, in a move to address data security concerns for Fortune 500 companies. The partnership enables Databricks’ customers to run OpenAI’s models and design AI agents ... Read more ›
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OpenAI agreed to purchase up to $6.5 billion of cloud services from CoreWeave, pushing its contracted spending with the cloud provider to about $22.4 billion, the companies said Thursday. The expanded contract adds to OpenAI’s spending commitments as it tries to secure enough computing ... Read more ›
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Snowflake is reversing an incendiary trend of software incumbents such as Salesforce and Atlassian walling off data in their applications from artificial intelligence startups that threaten them.On Tuesday, Snowflake said a consortium of more than a dozen other enterprise app and database providers—including, ironically, Salesforce—have committed to operating business intelligence and other analytics apps so that chatbots or other conversational AI can pull data from all of them at once.... Read more ›
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The U.S. government said Thursday that it had signed a deal with Elon Musk’s xAI that will allow federal workers to use the Grok chatbot for a nominal fee. The government announced similar deals with OpenAI and Anthropic last month. “Thanks to President Trump and his administration, xAI’s ... Read more ›
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Amazon will pay $2.5 billion to settle the Federal Trade Commission’s lawsuit over the e-commerce firm’s alleged use of deceptive practices to unknowingly lock consumers into its Prime membership, the FTC announced Thursday. Amazon will pay a $1 billion civil penalty and refund $1.5 billion to ... Read more ›
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Elon Musk’s xAI sued OpenAI for hiring away several employees who xAI alleges stole trade secrets. Staff that OpenAI poached from xAI include several engineers and an unnamed former senior finance executive. The lawsuit, filed late Wednesday, alleges that OpenAI poached eight xAI employees as ... Read more ›
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These days, it seems like each week another artificial intelligence startup announces it’s surpassed $100 million in annualized revenue, a milestone that historically meant a startup had achieved “product-market fit”—in other words, customers really want to pay for its products.In the last five months, our reporting shows that at least five “AI native” startups that sell apps to enterprises and software developers—ElevenLabs, EliseAI, Replit, Synthesia and Lovable—have joined the “$100... Read more ›
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There’s nothing like an earth-changing new technology to get the tech industry’s dealmaking juices flowing. That’s been good news and bad news for bankers, who have pocketed fees but have been boxed out of some of the biggest deals. We’ve pulled together a list of the bankers who have led the way on artificial intelligence dealmaking. The winners include people from boutique firms such as Qatalyst Partners and Centerview Partners... Read more ›
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If you’ve ever wondered why Apple has never bought a TV giant like Warner Bros. Discovery, just look at the minidrama over its upcoming Apple TV+ thriller “The Savant.” Apple this week delayed release of the show, about a “top-secret undercover investigator known as the Savant, who infiltrates online hate groups to take down the most violent extremists,” prompting a rebuke on X today from its star, Jessica Chastain.Apple hasn’t... Read more ›
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Oracle raised $18 billion in a debt offering that was upsized from an earlier $15 billion target due to strong demand, said a person familiar with the deal. The offering includes bonds maturing as far out as 40 years from now, a rarity in the debt markets. The largest portion maturing in 2035 ... Read more ›
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Intel has approached Apple to seek an investment, Bloomberg reported, as part of the struggling chipmaker’s efforts to shore up its business. Shares of Intel rose more than 6% after the report, while Apple shares fell less than 1% Wednesday. Intel representatives declined to comment. Apple didn’ ... Read more ›
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The judge overseeing an antitrust case over Google’s ad tech operations, Leonie Brinkema, signaled skepticism on Wednesday about whether Google should be forced to divest part of its ad tech business. Her comments came on the third day of a hearing considering how to overhaul Google’s ... Read more ›
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10.05.2026 06:55
Last update: 06:50 EDT.
News rating updated: 13:51.
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