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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When I talk to roboticists, one scenario that keeps them up at night is the possibility of their robots making an unexpected movement and hurting someone. An industrial arm could accidentally wallop a nearby worker, a self-driving car could swerve off a road or a humanoid robot could fall on a toddler. Yikes!Historically, a surefire way to guard against these risks was to rope off a robot in its own... Read more ›
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On President Donald Trump’s last day of his first term, in 2021, he pardoned Michael Liberty, a real estate developer and tech entrepreneur who had served jail time for illegal campaign contributions and was facing new federal criminal and civil charges. The pardon may pay dividends for the president’s family. Roughly a year after the pardon, the president’s son, Donald Trump Jr., took a 5% stake in Liberty’s company, now... Read more ›
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The federal judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI ruled Tuesday that the court would not throw out OpenAI’s countersuit against Musk. OpenAI has alleged that Musk engaged in unfair competition and “tortious interference” by submitting a $97.4 billion bid ... Read more ›
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Venture investors are discussing ploughing as much as $1 billion into Texas-based energy startup Base Power at a $4 billion valuation, or about four times its valuation in April, according to a person with knowledge of the investment talks. The startup, co-founded in 2023 by Zach Dell, a former Thrive Capital investor and son of PC mogul Michael Dell, generates revenue by managing a fleet of home backup batteries and... Read more ›
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Crypto conquered the stock market again with the public debut of crypto exchange Bullish, whose stock soared as much as 220% on its opening day Wednesday after raising $1.1 billion in its IPO. The offering followed a glittering IPO from stablecoin issuer Circle and offerings from a raft of companies that have stuffed themselves with crypto. For an industry that says it wants to overtake the traditional financial system, it... Read more ›
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xAI co-founder Igor Babuschkin said Wednesday that he had left the Elon Musk-led artificial intelligence company. He plans to start a company called Babuschkin Ventures, which he said “supports AI safety research and backs startups in AI and agentic systems that advance humanity and unlock the ... Read more ›
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Perplexity made headlines this week when the artificial intelligence startup said it had offered to buy Google’s Chrome, the world’s largest internet browser, for a price amounting to nearly double its valuation. While that acquisition seems unlikely to transpire, the company has been on the prowl for smaller browsers it could more easily bite off. Since the end of last year, executives at the three-year-old startup have communicated with leaders... Read more ›
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Apple plans to put an animated version of its Siri voice assistant at the center of a new robotic device that could launch in 2027, according to Bloomberg. Apple is testing out a new version of Siri that would power a device that resembles an iPad mounted on a robotic arm that swivels about, ... Read more ›
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Jonathan Katz-Moses, a woodworking creator with nearly 600,000 YouTube subscribers, is an example of how the creator economy is evolving: creators are growing online followings with super niche content while running booming offline businesses. The 43-year-old creator posts educational woodworking videos on YouTube, but also is the founder of KM Tools, a 10-year old company that sells woodworking tools and accessories. Read more ›
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Payments giant Stripe will tap Matt Huang, the co-founder and managing partner at crypto venture firm Paradigm, to lead its upcoming blockchain, called Tempo, according to Fortune. Huang, who is already a Stripe board member, will continue his role at Paradigm as he takes the new job, Fortune ... Read more ›
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Bullish, the crypto exchange operator and owner of news outlet CoinDesk, raised $1.1 billion in an upsized initial public offering. The Peter Thiel-backed firm said it is selling 30 million shares in its IPO at $37 per share, higher than the earlier target range of $32 to $33 per ... Read more ›
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A top executive of Chinese tech giant Tencent Holdings said the company has enough chips to keep developing its own artificial intelligence models, despite U.S. export controls on Nvidia’s AI chips to China. “We do have enough chips for training and continuous upgrade of our existing models,” ... Read more ›
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Rivos, a chip startup that aims to compete with Nvidia, is seeking to raise between $400 million and $500 million, according to two people familiar with the matter. The Santa Clara, Calif.–based startup, backed by Intel’s CEO Lip-Bu Tan, is seeking a valuation of more than $2 billion, one of the people said. It’s not clear if the valuation would include the new investment. Read more ›
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Amazon announced plans to expand its same-day grocery delivery offering to more than 2,300 U.S. cities by the end of this year, as the e-commerce giant aims to continue to grow sales of low-margin but frequently purchased items like groceries and personal care products. The service is currently ... Read more ›
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Companies like Scale AI and Surge have proven there’s a market for human-labeled data, like professionals’ answers to complex math or law questions, that AI research labs can use to train their models. Now, a young startup is tapping a similar opportunity, linking large model makers and AI startups with organizations that naturally generate valuable data in the course of their work, such as medical labs, production studios and soccer... Read more ›
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SAP is in the midst of an artificial intelligence–fueled overhaul. The 53-year-old German enterprise software giant has undertaken a massive reorganization over the past year and a half, cutting 8,000 jobs since the start of 2024 as it aims to use AI for cost savings while hiring in new areas focused on selling enterprise AI applications. Today we’re publishing an org chart identifying more than 30 of the top executives... Read more ›
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Merge Labs, which aims to develop brain-computer interfaces, is in early talks to raise $250 million at an $850 million valuation from investors including OpenAI, the Financial Times reported. Merge Labs would join a growing number of companies, including Elon Musk’s Neuralink, that are ... Read more ›
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For a relatively small player in the artificial intelligence sector, Perplexity AI certainly gets a lot of press. In the past couple of months, reports have suggested Apple and Meta Platforms have both contemplated buying it. At the same time, Perplexity offered to buy TikTok. And today we got news that Perplexity had offered to buy the Chrome browser from Google for $34.5 billion. Is Perplexity a buyer or a... Read more ›
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SoftBank’s Vision Fund 2 has performed so terribly it seems like fiction. Yet SoftBank Group’s stock hit an all-time high on Tuesday. To followers of SoftBank founder Masayoshi Son, none of this is surprising. Once again, he’s pulling a rabbit out of a hat, finding a blockbuster investment that overpowers his string of losers. The investment is OpenAI, and its success is one reason SoftBank’s stock is soaring. The maker... Read more ›
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CoreWeave’s revenue more than tripled to $1.2 billion in the three months ended June 30, reflecting new deals the AI chip rental firm has struck. But its cash burn rose to nearly $3 billion. In the quarter, CoreWeave said it signed a $4 billion expansion deal with OpenAI, which comes in addition ... Read more ›
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14.05.2026 03:22
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