Iâve written lots over the past few months about how startups and big tech companies alike are trying to tackle the problem of agentic commerceâthe fancy term for âagentâ services that take action on behalf of consumers, in this case, buying stuff. While AI search is a powerful tool to help shoppers hone in on the perfect gift or find a hotel that meets all the requirements for an ideal... Read more âș
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When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed to have timed the marketâin all the wrong ways. Bitcoin prices had fallen 55% from their peak, while Coinbase shares had dropped about 80%. Both would stay depressed for more than another year. But the Sand Hill Road firmâs crypto bets are starting to pay off, at least on paper. By some measures, they have... Read more âș
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Oracle executives are discussing eliminating cash raises and cash bonuses for employees this year, The Information reported on Monday. The firm might offer employees additional stock grants to make up for the lack of additional cash compensation. The potential change is the latest example of how ... Read more âș
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Edo Liberty, the founder and CEO of AI database startup Pinecone, announced in a LinkedIn post on Monday that he would be stepping down from his position at the company. Liberty will become Pineconeâs chief scientist, and Ash Ashutosh, a former Google executive, will become the companyâs new ... Read more âș
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Of all the tech companies to reinvent themselves through the power of artificial intelligence, Oracle may be the most surprising. The software giant of yesteryear (well, the 1980s and â90s), which stumbled in softwareâs transition to the cloud, has gotten a new lease on life as an AI cloud provider. Weâll get an update on its progress on Tuesday when Oracle reports results for its quarter ending in Augustâthe first... Read more âș
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Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its valuation from April, when investors led by Accel valued the five-year-old startup at $2 billion including the investment. Read more âș
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Fermi America, a data center site developer co-founded by former Texas governor Rick Perry, filed Monday for an initial public offering to help raise money for what the startup is calling the âworldâs largest private grid campus.â Fermi, which was incorporated this year, said it has leased a ... Read more âș
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Shares of cloud provider Nebius rose more than 40% in after-hours trading Monday after the firm said it signed a multi-year deal to rent out servers with Nvidia graphics processing units to Microsoft. The deal is the latest example of a large technology firm like Microsoft spreading out the risk ... Read more âș
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Media mogul Rupert Murdoch has settled a bitter family dispute that threatened his hopes for having his eldest son Lachlan succeed him, with his three other adult children to sell their stakes of the family trust. The settlement will leave Lachlan in sole control once the elder Murdoch, who is ... Read more âș
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Databricks, an artificial intelligence and database provider, announced it has closed $1 billion in Series K funding co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, at a valuation of more than $100 billion. For the first time, Databricks also ... Read more âș
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Amazon has taken a stake in the Latin American rapid-delivery startup Rappi, Bloomberg reported. Amazon will initially invest $25 million in Rappi via a convertible note, the report said, and is entitled to buy as much as 12% of Rappi through warrants if the company meets certain milestones. ... Read more âș
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Elon Muskâs SpaceX is to buy a big chunk of wireless spectrum from beleaguered EchoStar for $17 billion in cash and stock, a move that advances Muskâs ambitions to launch a satellite-to-cell service. At the same time, The two companies struck a deal under which EchoStarâs cell service Boost ... Read more âș
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Krishan Bhatia is departing his role as vp of global video advertising and partnerships at Amazon after less than a year and a half in the job, Bhatia announced on LinkedIn Monday morning. Bhatiaâs team helped build up the ad business of Amazon Prime Video, which launched last year. Advertisers ... Read more âș
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Before we get to todayâs main item, please check out my colleague Sriâs exclusive piece from Friday night revealing that OpenAI expects to burn $115 billion in cash through 2029, plus tons of other financial data the company has disclosed to investors. We are still having a hard time digesting the capital that cash burn will require the company to raise in the next five years! We will bring you... Read more âș
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StubHub set the preliminary pricing for its initial public offeirng at between $22 and $25 a share, valuing the company at around $9 billion, well short of the $16 billion valuation it had hoped for last year when it was first planning an IPO. Then, StubHub was hoping to be valued in line with ... Read more âș
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Fintech startups Brex and Ramp are hurtling toward initial public offerings as soon as next year as they duke it out over customers for their corporate credit cards. In the meantime, investors are getting excited about the companiesâ rapid growth rates. Their numbers are impressive, but investors need to temper their enthusiasm. Ramp just passed $1 billion in annualized revenue and was valued at $22.5 billion in its second fundraising... Read more âș
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Dutch semiconductor equipment giant ASML has invested $1.5 billion in French artificial intelligence developer Mistral, valuing it at $11.7 billion, up from a $6 billion valuation last year, Reuters reported. ASML will be the startupâs biggest outside shareholder and will take a board seat, the ... Read more âș
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OpenAI has dramatically revised its financial forecasts, projecting to burn $115 billion from this year through 2029, The Information reported. This figure is approximately $80 billion higher than the companyâs previous estimates, underscoring the rapidly growing costs of developing ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: The tech elite sees GLP-1s as all-purpose wonder drugsâą The Arena: Inside the NFLâs feud with venerable olâ Nielsenâą The Top 5: The AI eraâs favorite hacker housesâą Does a shoeless office stink? Depends on who you ask in Silicon Valleyâą Plus, our Recommendations: âBad Elizabeth,â âDirtbag Billionaireâ and âFolktalesâBack at the end of the financial crisis, I earned my living nosing... Read more âș
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A few years back, Brandon Gell, chief operating officer of Every, an artificial intelligenceâfocused media startup, couldnât stop staring at a photo taken at the headquarters of another startup, Notion, a maker of productivity software. âIt was of their entryway, and it was just shoesâthis mountain of shoes,â he recalled. The pile of footwear was an inevitable daily outcome of Notionâs no-shoes policy for employees. âI was like, âHoly shit,... Read more âș
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16.05.2026 13:45
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