Welcome, Weekenders! In this newsletter:âą Tech Culture: Billionaire tax brings new boom time to Tahoe havenâą Plus, Recommendationsâour weekly pop culture picks: âThe Interview: What Does Tucker Carlson Really Believe? I Went to Maine to Find Out,â âHated by All the Right People,â and âWidowâs BayâA very old proverb comes to mind when I think about this exact period in AIâbecause, really, itâs a moment when the enemy of your... Read more âș
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CoreWeaveâs 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 âș
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If TikTok does eventually sell its U.S. business, who is going to lead the new company?Thatâs a question weâve been mulling as TikTok nears the September 17 deadline for a law to go into effect that will ban the video app in the U.S. unless it breaks off from its Chinese parent company. And now we have a little more insight into the possible structure. Read more âș
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Artificial intelligence-powered search engine Perplexity has offered $34.5 billion to acquire Googleâs Chrome browser, according to Perplexity spokesperson Jesse Dwyer. The three-year-old startup has made the offerâamounting to nearly twice its recent valuationâas the government decides whether ... Read more âș
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AI agents are getting more advancedâbut theyâre also getting more expensive to run. That trend is beginning to force AI agent sellers to change their pricing models to pass on more of the cost of running the agents to their users.Traditionally, AI companies have sold their products to businesses like most other types of software: by charging a flat fee as a monthly subscription, typically pegged to the number of... Read more âș
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The Informationâs editors shared this note with staff today. Hi - Weâre delighted to announce Katie Roof is joining The Information to continue what she does best: break news about the most important tech deals. She will also share her years of experience by mentoring other reporters on the craft of deal-scooping. Sheâll be our new deputy bureau chief, venture capital. Katie joins us after more than five years at... Read more âș
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Stablecoin issuer Circle, which went public in a blockbuster IPO in April, reported second-quarter revenue of $658 million, up from 53% a year ago, on growing circulation of its USDC tokens. Shares jumped 7% Tuesday morning to $173 per share, up from its IPO price of $31 as investors bet that ... Read more âș
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Elon Musk threatened to sue Apple for alleged antitrust violations, claiming that the iPhone maker is unfairly favoring OpenAIâs ChatGPT over xAIâs Grok in its app store. âApple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which ... Read more âș
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We might be a long way away from sipping Pina Coladas on a beach while AI-powered humanoid robots handle all our work. But weâre already starting to see how AI is upending society. Some ChatGPT users are lamenting that theyâve lost their âonly friend overnightâ with the latest GPT-5 update, while other headlines suggest AI chatbots can even induce psychotic episodes. Partly in response to these trends, Anthropic has hired... Read more âș
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Just weeks after Nvidia reached a deal with President Trump allowing it to sell AI chips in China, the chipmaker has hit a new hurdleâChinese authorities. Chinaâs internet regulator in the past two weeks ordered local tech companies including ByteDance, Alibaba Group, and Tencent Holdings to suspend their purchases of Nvidia chips, citing data security concerns with the chips, according to three people briefed on the matter. Read more âș
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President Donald Trump praised Intel CEO Lip-Bu Tan after their meeting on Monday, saying Tanâs âsuccess and rise is an amazing story.â Trumpâs positive description of his meeting with Tan came after the president last week demanded that Tan step down immediately. Trumpâs call for Tanâs ... Read more âș
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The judge overseeing a copyright lawsuit brought by a group of authors against Anthropic on Monday denied the companyâs request to delay the case while it appealed to a higher court. Anthropic is appealing the federal district courtâs ruling that downloading and storing over 7 million âpiratedâ ... Read more âș
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For tech CEOs, having an investment banker playing the role of president has its advantages. President Donald Trump is displaying a willingness to consider all sorts of deals that might be verboten on national security groundsâas long as the government is getting paid. Not only is he allowing Nvidia to sell its China-specific H20 artificial intelligence chips to the country in exchange for a 15% cut of the resulting revenue,... Read more âș
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Ticketing platform StubHub is giving an initial public offering another go, and will have to explain lumpy business results to prospective investors. The company publicly filed first-quarter financial information Monday, revealing that revenue growth had slowed to 10% in the first quarter to ... Read more âș
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Bullish, a Peter Thiel-backed crypto exchange and owner of news outlet CoinDesk, is seeking to raise as much as $990 million in its U.S. IPO, up from its target of $629 million last week. The Cayman Islands-based company is planning to offer 30 million shares at $32 to $33 per share, it said in ... Read more âș
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President Donald Trump said Monday that he would consider a deal with Nvidia to allow the chip company to sell a version of its advanced AI âBlackwellâ chips to China. âItâs possible Iâd make a dealâ on a âsomewhat enhanced â in a negative way â Blackwell,â he said at a press briefing with ... Read more âș
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A small Nasdaq-listed company said Monday itâs raising $1.5 billion through stock offerings to buy tokens of World Liberty Financial, the crypto project co-founded by Donald Trumpâs sons last year. Alt5 Sigma, which has a biotech and blockchain business, is selling $1.5 billion in shares. World ... Read more âș
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The CEO of Microsoftâs GitHub subsidiary, Thomas Dohmke, will step down, he announced on Monday. Dohmke said in a blog post announcing his resignation that he plans to found a new startup after stepping down from the role at the end of 2025. The move comes several months after Microsoft ... Read more âș
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Thereâs no doubt: OpenAIâs GPT-5 is a good model.Iâve been talking to developers, whoâve had a chance to to use the AI now. As we predicted, the flagship AI improved in domains like codingâwhere it got better at both practical coding tasks and designing websites and appsâand creative writing. Developers told me that the new model is also better at ingesting and analyzing longer prompts, which makes it more useful... Read more âș
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In David Ellisonâs first major move after taking control of Paramount, the company has announced a seven year, $7.7 billion media rights deal with UFC, the mixed-martial arts owned by Ari Emanuel-led TKO. Under the terms of the agreement, Paramount will exclusively distribute UFCâs events on its ... Read more âș
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Last year, when money was surging into artificial intelligence startups, even some venture capitalists involved in those deals worried that the high costs of AI and unreliable demand from businesses were setting up many startups for disappointment. Such skepticism, if not dead, is on its last legs. Monthly revenue that is doubling or quadrupling this year at startups such as OpenAI, Anthropic and Cursor-maker Anysphere have shown that businesses and... Read more âș
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14.05.2026 04:43
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