Welcome, Weekenders! In this newsletter:• Tech Culture: Billionaire tax brings new boom time to Tahoe haven• Plus, Recommendations—our weekly pop culture picks: “The Interview: What Does Tucker Carlson Really Believe? I Went to Maine to Find Out,” “Hated by All the Right People,” and “Widow’s Bay”A very old proverb comes to mind when I think about this exact period in AI—because, really, it’s a moment when the enemy of your... Read more ›
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As we wrap up what has been a busy week in artificial intelligence-cloud land—one dominated by Oracle—we want to circle back to the striking announcement on Thursday night from Microsoft and OpenAI. Anytime two companies, worth at least $4.5 trillion combined, issue a three-sentence press release with no concrete information about a highly important subject, it makes you think.Their 49-word joint statement said they had a “non-binding memorandum of understanding... Read more ›
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Amazon Web Services vice president Jon Jones, who led its global startups and venture capital business, has left the company, a spokesperson confirmed on Friday. Jones, a seven-year AWS veteran, had been in the role for just one year after his predecessor, Howard Wright, left for a job at ... Read more ›
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Apple’s former Siri head Robby Walker is leaving the company, Bloomberg reported. Walker had been in charge of the voice assistant since 2022. But earlier this year, he was taken off the project following a delay in a revamped version of Siri. During his tenure as the Siri head, Walker became a ... Read more ›
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Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, jumped 32% in its opening trade after raising $425 million in an initial public offering, giving it a market value of more than $4 billion. Gemini, which is listed on the New York Stock Exchange under the ticker GEMI, opened ... Read more ›
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Tether, by far the world’s largest stablecoin issuer, announced it will launch a new stablecoin, called USAT to tap the fast-growing U.S. market, which got a boost from stablecoin legislation over the summer. Bo Hines, the former White House crypto adviser who left in August, will be CEO of ... Read more ›
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Startups that enable people to bet on events such as the New York mayoral race, NFL games and the Federal Reserve rate decisions are in talks to raise more money at multi-billion-dollar valuations, as trading volume and rivalry between the two apps intensifies. Polymarket has considered an offer that would value the company as much as $9 billion, according to people who have spoken to the company’s leaders. That would... Read more ›
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In June, the artificial intelligence startup Anthropic was finally getting close to hiring a candidate—a Republican—for its top government relations job after months of searching for someone. That decision marked a shift: Anthropic had hired several former Biden staffers earlier in the year, which had aggravated people in the Trump administration working on AI issues, according to two people familiar with the situation. But after further discussion inside Anthropic, the... Read more ›
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China and the U.S. will discuss the future of TikTok during trade negotiations between the two countries in Spain scheduled for next week, a spokesperson for the Chinese Ministry of Commerce confirmed. Bloomberg reported that the U.S. Treasury released a schedule for the talks that also ... Read more ›
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Apple has delayed the launch of its new iPhone Air in China, various news outlets reported, due to regulatory issues relating to its eSIM-only arrangement. The delay confirms The Information’s reporting from last November that the lack of a physical SIM card tray—which is required in China—could ... Read more ›
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Nvidia is stepping back from its nascent cloud computing business, which had put it in quasi-competition with Amazon Web Services. It has lessened its efforts to attract businesses to the cloud service, dubbed DGX Cloud, said a person with direct knowledge of the situation. Instead, Nvidia plans to primarily use the service, which consists of servers powered by its AI chips, for its own researchers, this person said. Employees use... Read more ›
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We got big news this afternoon from the folks at OpenAI and Microsoft: They are close to a peace deal. Yes, after nearly a year of talks over changes to their partnership, the companies announced they had signed a “non-binding memorandum of understanding for the next phase of our partnership.” Contractual terms now have to be finalized. Hmmm. That sounds like a deal you have when you don’t really have... Read more ›
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Microsoft and OpenAI have reached a tentative, nonbinding agreement about the two companies’ partnership, the two companies announced on Thursday, as the ChatGPT maker moves to restructure its business so it can eventually go public. The restructuring would turn OpenAI’s stock from ... Read more ›
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At the historic Palace Hotel in San Francisco, Goldman Sachs is wrapping up three and half days of its annual Goldman Sachs Communacopia + Technology Conference.Attendees were mostly in a buoyant mood, but not because this week is on track to be the biggest of the year for initial public offerings. Instead, the biggest pop during the conference came from Oracle, a 48-year-old tech stalwart, whose stock jumped 36% on... Read more ›
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Figure Technology, the blockchain-based lender co-founded by former SoFi CEO Mike Cagney, jumped 44% in its opening trade after raising $787.5 million in an initial public offering. Figure, listed on Nasdaq under the ticker FIGR, started trading Thursday at $36 per share, above its IPO price of ... Read more ›
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Vantage Data Centers raised $1.6 billion led by an affiliate of Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority to expand in Asia. One of the largest data center developers in the US, Vantage is raising $25 billion in debt and equity to build a facility in Texas for ... Read more ›
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Oracle chair Larry Ellison is backing his son David’s Paramount in preparing a mostly cash offer for Warner Bros. Discovery, the Wall Street Journal reported on Thursday, sending WBD stock up 20%. At a price of around $15, where the stock is now trading, WBD would cost $71 billion including ... Read more ›
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Enterprise search startup Glean has attracted customers and venture capital thanks to an AI search tool that lets employees quickly find corporate files and data in all of the apps their companies use. But Mike Cannon-Brookes, the CEO and co-founder of productivity app Atlassian, thinks his company is ahead of Glean in enterprise search—despite launching its rival product three years after Glean did.Cannon-Brookes said in an interview on The Information’s... Read more ›
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Index Ventures has hired a new partner for its New York office. Sahir Azam joins the firm from database business MongoDB, where he was chief product officer. News of the hire hasn’t previously been reported. Azam plans to invest in a range of sectors, including data infrastructure and security, ... Read more ›
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Former Shopify COO Kaz Nejatian is taking the top job at Opendoor with a compensation package entirely based on reviving the company’s stock price, according to a securities filing Thursday. Nejatian, whose departure from Shopify was disclosed on Wednesday ahead of Opendoor’s announcement of his ... Read more ›
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Temu is looking to hire U.S. government relations staffers who can make the fast-fashion giant’s case to lawmakers as it contends with the fallout from tariffs and trade talks, according to two people with knowledge of the strategy. The move to build a team in Washington D.C. would be a dramatic ... Read more ›
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13.05.2026 19:37
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