Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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Anthropic and OpenAI have some pressing reasons to go public. But they have already relieved some of the pressure that typically pushes companies toward initial public offerings: employees anxious to cash out their equity. The two AI model companies have allowed early employees and investors to sell a combined $14 billion in shares over the last five years, according to The Information’s estimates. More employee sales of private shares are... Read more ›
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The White House is unlikely to extend export restrictions on Anthropic’s advanced models to other AI companies, an official close to the U.S. government said Saturday. The mandate stemmed from what the official said was Anthropic’s refusal to fix vulnerabilities in its recent Fable 5 and Mythos ... Read more ›
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Amazon CEO Andy Jassy was among the tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic’s most advanced models, according to two people familiar with the conversations. The calls between the head of Amazon—one of Anthropic’s biggest investors and vendors—and the officials in the last few days helped set in motion the Trump administration’s new export restrictions on Anthropic’s Claude Mythos 5... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Tech readies itself for a Reta-aissance • Politics and Policy: A Silicon Valley politician’s counter move to the big tech PACs• Biotech: Longevity startups’ holy grail pursuit faces a prosaic roadblock• Plus, Recommendations—our weekly pop culture picks: “Last Resort,” “The Yahoo Boys” and “In the City”Out in San Francisco, quite a few of you have commented on the amount of money New... Read more ›
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In many ways, these are the best of times for Silicon Valley’s buzziest crop of longevity startups and their pursuit of drugs that can reverse aging. NewLimit, a cell reprogramming company co-founded in 2022 by Coinbase CEO Brian Armstrong, announced earlier this month that it had raised another $435 million and plans to start testing a drug in humans next year. In all, it has collected over $630 million in... Read more ›
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In early April, a staffer for Sam Liccardo, a freshman congressman representing the heart of Silicon Valley, got a call from a reporter telling them he was about to receive an endorsement—from Leading the Future, the $125 million political action committee funded by Andreessen Horowitz, OpenAI President Greg Brockman and Palantir billionaire Joe Lonsdale. It was the first Liccardo and his team had heard about the support. Under normal circumstances,... Read more ›
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Anthropic announced in a blog post Friday night that customers could no longer access its advanced models, Fable 5 and Mythos 5, following a U.S. government order over national security concerns. The company also disabled access for foreign-national employees. The company said it had received an ... Read more ›
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A coalition of state attorneys general has sent OpenAI a subpoena seeking documents about how the ChatGPT maker’s chatbot affects users, an OpenAI spokesperson confirmed. The attorneys general directed OpenAI to send them information including advertising, user engagement, handling of consumer ... Read more ›
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Roku is in discussions to be acquired by another company, Bloomberg reported, sending shares of the streaming device maker up 20%. At the higher price, Reddit has a market capitalization of $21 billion. The idea that Roku might be acquired isn’t new. Roku’s ability to survive as a standalone ... Read more ›
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Crypto platforms Binance, Bybit and Bitget said Friday they had to cancel plans to offer tokens backed by SpaceX stock to overseas investors during the IPO after their partner in the venture, Kraken-owned xStocks, couldn’t secure enough SpaceX stock. The episode is a setback for crypto ... Read more ›
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High up in Goldman Sachs’ downtown Manhattan headquarters Thursday afternoon, bankers from Goldman and Morgan Stanley, together with SpaceX executives, toasted the pricing of SpaceX’s IPO over glasses of Champagne. In many ways, it was a replay of hundreds of other such celebrations. But the SpaceX IPO was anything but normal. For seven months, Wall Street’s premier investment banks had raced to keep up with a whirlwind of changes demanded... Read more ›
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Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work. The company is building an internal platform to track employee AI usage and spending in real time, set budgets and establish limits on employees’ token spend, according to... Read more ›
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As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn’t ruled out spinning out or restructuring the unit as a wholly-owned subsidiary, which could make it easier to sell, or creating a joint venture with other partners, according to three people with direct knowledge of the discussions. Microsoft doesn’t have any imminent restructuring plans, but those options are on the table, the people said. While Xbox CEO... Read more ›
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SpaceX shares started trading at $150 per share around mid-day on Friday, up 11% from the company’s initial public offering price of $135. Shares of the company climbed shortly after trading began, reaching about $165 shortly after noon. The offering makes SpaceX CEO Elon Musk the world’s first ... Read more ›
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For more than a decade, Dr. Molly Maloof has had a front-row seat to Silicon Valley’s ever-evolving health obsessions as a physician and founder of M3 Healthspan, a San Francisco–based concierge medical practice serving the tech elite. Lately, those conversations have focused on one substance perceived as a wonder drug among wonder drugs: retatrutide—or reta for short. Like GLP-1s such as Wegovy and Ozempic, reta is a peptide-based drug, but... Read more ›
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Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance on Nvidia as it pours cash into data centers for its AI ambitions. Now six months since the acquisition closed, Meta is struggling to make it work, beset by problems that illustrate the social media giant’s bigger challenges in actually building a chip business, according to 11 current and former employees who... Read more ›
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Nvidia is pitching Chinese customers on its new Vera central processing units for AI data centers, telling them the chips could be available as soon as August and that orders can begin now, Reuters reported, citing three people familiar with the matter. The push gives Nvidia another potential ... Read more ›
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Anthropic is increasingly launching applications that directly compete with its own enterprise customers, triggering fears in the software and AI startup sectors, The Information reported. This friction boiled over during Anthropic’s recent launch of Claude Design, when Figma dropped out of ... Read more ›
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Sorry. We have no SpaceX news (if you define news as something you don’t already know). The rocket-and-cloud firm on Thursday priced its IPO at the $135 offering number announced last week, as it was widely expected to. Check back tomorrow, when shares start to trade. (Here’s a clue about the possible opening price.) Not to be a wet blanket, but don’t forget that a more telling indicator of investor... Read more ›
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It’s finally here! SpaceX Thursday officially priced its IPO at $135 per share, valuing the company at around $1.75 trillion, capping a frenetic six month stretch that defied many of the norms of initial public offerings. If the IPO goes well, expect to see more space public offerings soon.Sierra Space, for one, has been taking steps towards an IPO that could happen as soon as this year, according to two... Read more ›
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27.07.2026 17:33
Last update: 17:15 EDT.
News rating updated: 00:20.
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