Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Bithumb, the second largest crypto exchange in South Korea, said it mistakenly gave away 620,000 bitcoin, worth about $44 billion, to users, and has recovered 99.7% of the money. Bithumb was planning to distribute cash rewards to users in Korean won during a promotional event on Friday, but ... Read more ›
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Big tech’s dramatic ramp-up in projected capital expenditures this year will all but wipe out free cash flow for Amazon, Google and Meta Platforms. That will force some of those companies to make some difficult choices, such as whether to end stock buybacks or borrow more money. The good news is that the big tech companies have the capacity to each borrow hundreds of billions more money than they currently... Read more ›
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Days after OpenAI released a new AI product for enterprise customers, Microsoft commercial CEO Judson Althoff told staff that Microsoft is uniquely positioned to compete with the product, The Information reported Friday. In a memo to staff, Althoff responded to OpenAI’s release of Frontier, a ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Parties, PR and Epstein—inside investor Masha Bucher’s charmed ascendance• Artificial Intelligence: OpenClaw, agents and a mania within a mania • Power and Influence: How the architect behind California’s billionaires tax became tech’s villain• Plus, Recommendations—our weekly pop culture picks: “Two Guys, Five Rings” and “The Rest Is History: Modern Olympics,” “Exiles” and “Rental Family”The Justice Department’s recent release of 3.5 million documents Read more ›
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Until recently, agentic AI, where AIs can take virtual actions and control computers, seemed like an esoteric technology that wasn’t close to going mainstream—at least for use at home on tasks like checking into flights, responding to emails and controlling smart devices. Then OpenClaw, an open-source personal AI assistant, went viral a week ago, showing how technically savvy people could construct powerful AI agents relatively quickly and cheaply. All of... Read more ›
1
January 30 was an eventful day for Masha Bucher. That evening she held a blowout 8th birthday party for her venture capital firm, Day One Ventures, at the Asian Art Museum in San Francisco. The dress code: elegant. On the invites, Bucher promised the festivities would include a new performance art piece that would weave together “choreography, costume and symbolic gesture.” To give attendees a sense of the vibe, she... Read more ›
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Microsoft’s top sales executive told staff on Friday that the company was uniquely positioned to compete against a new OpenAI product aimed at helping businesses automate office tasks across different software applications—including Microsoft’s own apps. In an email, Microsoft Chief Commercial Officer Judson Althoff provided talking points salespeople could use in selling Microsoft’s tools for managing so-called AI agents, including highlighting their potential advantages over OpenAI’s new product, known a Read more ›
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The Trump administration has granted full approval to a bank charter application for Erebor Bank, a startup-focused lender founded last year by Anduril co-founder Palmer Luckey and Palantir co-founder Joe Lonsdale. The Office of the Comptroller of the Currency, which granted the national bank ... Read more ›
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Around the time he filed the billionaire tax proposal that has shaken up the tech world and ignited a debate about wealth taxes nationwide, Dave Regan, president of the California-based union behind the effort, convened a group of fellow labor leaders to solicit their thoughts. In a videoconference, he told the group he had a 30-day period to finalize the measure, which would assess a one-time, 5% tax on the... Read more ›
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The European Commission said on Friday that it had preliminarily found TikTok to be in breach of the Digital Markets Act for its “addictive design,” including features like infinite scroll, autoplay and push notifications. TikTok needs to “change the basic design of its service,” such as by ... Read more ›
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A year ago, Jensen Huang, CEO of Nvidia, told analysts that transitioning from an earlier generation of AI server chips to a newer one, known as Blackwell, was “challenging” for the company’s customers because of the chips’ greater complexity. “The chassis, the architecture of the system, the hardware, the power delivery, all of that had to change” to improve chip performance, he said. Indeed, for some marquee Nvidia customers, getting... Read more ›
27
Alibaba Group, the Chinese e-commerce giant, is offering hundreds of millions of dollars in shopping vouchers and other promotions to users of its Qwen AI chatbot app during the Lunar New Year holiday. Alibaba’s effort to boost Qwen’s usage is part of an intensifying battle among Chinese tech ... Read more ›
1
Talk about raising the stakes. A day after Google parent Alphabet scared the market by projecting plans to double its capital expenditures to around $180 billion, Amazon went one better by announcing it plans to lay out $200 billion on capex this year, 56% higher than what it spent in 2025. Investors were just as unimpressed as they had been with Google: Amazon stock dropped as much as 10% in... Read more ›
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Plummeting software stocks aren’t good news for any company with a big enterprise business that is considering going public. Nonetheless, there’s a growing consensus that 12-year-old Databricks—whose initial public offering has been chatted about for years—could take the step by the end of this year, according to several investment bankers and investors in the company who have spoken to its executives recently. This may be wishful thinking, given that talk... Read more ›
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OpenAI on Thursday unveiled a new platform for business customers to develop, run and manage AI agents that can take actions on behalf of employees, confirming The Information’s reporting last month. OpenAI lists HP, Intuit and Uber, among others, as customers of its Frontier platform. The ... Read more ›
0
Anthropic on Thursday released its latest flagship model, Claude Opus 4.6, which the company said is better at longer-duration tasks, according to a blog post. That means the model will be better for tasks like financial analysis, doing research and creating spreadsheets and presentations, the ... Read more ›
2
Amazon said on Thursday it expects capital expenditures to rise to $200 billion this year as it pours more money into artificial intelligence efforts. The company’s shares fell more than 7% in after hours trading. That would mark a jump from Amazon’s 2025 spending of $131.8 billion. It’s also ... Read more ›
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Apple CEO Tim Cook acknowledged at an all-hands staff meeting on Thursday that some company employees were upset about the Trump administration’s immigration crackdown, and the fact that Apple has a relationship with the administration. He voiced his support for both immigrants and law ... Read more ›
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Simmering anxieties about AI’s threat to subscription software have turned into a raging nervous breakdown on Wall Street in the past week, thanks in part to Anthropic’s recent AI launches (and despite Anthropic's own love for SaaS apps). Even Palantir, which has lately posted blockbuster growth, has been caught up in the selloff.Enter Jensen Huang. Speaking at an event hosted by Cisco this week, Nvidia’s CEO had a simple message:... Read more ›
27
First off, check out Jyoti’s Wednesday scoop about Meta’s latest AI model efforts. In sum, Meta is telling its employees “we’re back in the game!” and setting high expectations for the company’s next open-weight large language model, codenamed Avocado.Yes, Meta AI leaders did the same last year with Llama 4 and we all know how poorly that turned out! But given what happened then, we imagine that this time will... Read more ›
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14.03.2026 10:58
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