Welcome, Weekenders! In this newsletter:âą Shopping: Introducing the Summer Fun Listâgear, gadgets and toys that all come highly recommendedâą AI: Where is China ahead of America? In cracking down on AI romances ⹠Plus, Recommendationsâour weekly pop culture picks: âThe Last Twelve Weeks,â âThe Nord Stream Conspiracyâand âThe Dark WizardâJust after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Franciscoâs Financial District... Read more âș
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Broadcom reported 48% higher revenue for its second fiscal quarter, ended May 3, as its AI chip revenue jumped 143% to $10.8 billion. Overall revenue of $22.187 billion was roughly in line with the companyâs projection issued in early March. Broadcom has benefited from growing efforts by ... Read more âș
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Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium subscription that would include higher usage limits, according to the documents reviewed by The Information and a person... Read more âș
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Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidiaâs roster of AI models that can be optimized for Nvidia hardware and offered to enterprises for further customization. Read more âș
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Stripe, Visa, Mastercard and Coinbase are planning to form a consortium to issue a new stablecoin, according to people familiar with the matter, seeking to challenge the dominance of Circle and Tether, the two biggest issuers that make up 80% of market share currently. The new stablecoin will be ... Read more âș
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Alphabetâs plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raiseâs size and the fact that the company last raised equity 21 years ago, when Gwen Stefaniâs âHollaback Girlâ was the song of the summer. But thereâs another eye-catching detail in the offeringâs fine print that reflects an underappreciated reality of big techâs AI... Read more âș
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Meta Platforms is expanding its AI agent offerings for businesses as part of its broader push to monetize AI products and services. At its Conversations business messaging conference on Wednesday, Meta announced it is bringing Meta Business Agent to Instagram and launching the Meta Business ... Read more âș
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Googleâs parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion. The bulk of the moneyâGoogleâs first time selling new stock since 2005âis earmarked for spending on AI infrastructure and compute, highlighting the cost of ... Read more âș
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Employee engagement and satisfaction surveys sound simple: Ask your workers about their experience, and then see what they have to say. But in practice, these survey cycles often turn into months-long marathons, with HR teams sometimes taking weeks to agree on the right questions and then manually combing through messy, unstructured data after the results come in. By using Gemini as both a brainstorming partner and a data assistant, HR... Read more âș
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OpenAIâs Codexâwhich was once pitched as a coding agent for developers and is now being framed as a more general-purpose agent for knowledge workersâis having a moment, as OpenAI chief revenue officer Denise Dresser put it on Tuesday. As I wrote about in this story from Tuesday, lots of developers are making the switch from Anthropicâs more popular Claude Code tool to Codex, as OpenAI has made its models and... Read more âș
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Walmart is trying to make its Sparky assistant smarter and more capable for shoppers by collecting more real-world data on how people shop inside its 3,500-plus U.S. superstores. Gathering more in-store information has been a focus for the company since Sparky launched about a year ago, said Hari Vasudev, Walmartâs U.S. chief technology officer, and the retailer plans to expand those efforts. That could include tracking when shoppers talk with... Read more âș
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SpaceXâs $75 billion offering will impact a lot more than just the employees and investors who are looking to cash in on their stock. It will also be a gauge of enthusiasm for tech IPOs, helping set the stage for other mega IPOs like Anthropic and OpenAI. If SpaceXâs IPO doesnât take off, âyouâd see a pullback in institutional capital that would have been available for other IPOs that want... Read more âș
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The poor souls responsible for technology buying decisions at companies must be overwhelmed these days. Not only does seemingly every other tech firm want to send consultantsâinvariably calling themselves forward-deployed engineers as though theyâre on maneuver in the desertâto help companies learn how to use their AI services, but the array of AI product choices seems to grow daily. On Tuesday, for instance, OpenAI held an event in New York... Read more âș
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Snowflake and AtScale, a startup provider of software that companies like Toyota and Cardinal Health use to define consistent business metrics from their data, announced that theyâre working together on a product that could help customers avoid getting caught in the AI data wars. The ... Read more âș
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Shopify said Tuesday that it would expand its share buyback authorization by $3 billion to a total authorization of $5 billion, becoming the latest software firm to unveil expanded share repurchase plans as AI fears have battered stock prices. Several software firms have implemented or expanded ... Read more âș
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Anthropic is quadrupling the number of companies allowed to use its Claude Mythos model for cybersecurity testing under its Project Glasswing initiative. The company announced Tuesday that the project will be expanded to 150 new organizations, from the roughly 50 that were included when it ... Read more âș
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Early last year, after Anthropic released a preview of its coding tool, Claude Code, OpenAI realized it had allowed the then-smaller AI rival to surpass it in coding. Around that time, OpenAI threw resources behind a new dedicated team that would focus specifically on developing AI tools for coding. Nearly 18 months later, OpenAI leadersâincluding Thibault Sottiaux, who oversaw the new teamâcame to a stark realization: The companyâs Codex coding... Read more âș
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Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns about the tool, The Information reported. A Meta executive told employees in the memo that the company is updating its Model Capability Initiative, or MCI, launched in April to help train its ... Read more âș
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Meta Platforms is scaling back elements of its employee tracking tool after staff raised concerns about the tool, according to an internal memo reviewed by The Information. A Meta executive told employees in the memo that the company is updating its Model Capability Initiative, or MCI, launched in April to help train its AI models, by adding strengthening privacy protections, enabling some staff to request exemptions, and giving employees an... Read more âș
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Microsoft on Tuesday revealed new AI software geared towards developers and corporate customers, including homegrown AI models and new tools that aim to let corporate customers develop AI agents that can draw on internal company data to automate workplace tasks. The announcements come as ... Read more âș
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OpenAI announced specialized features within its Codex coding app designed to help with tasks ranging from product design to investment banking, as it seeks to compete with Anthropic for business customers. At an event Tuesday emphasizing its enterprise efforts, OpenAI also said it will put ... Read more âș
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27.07.2026 20:27
Last update: 20:20 EDT.
News rating updated: 03:20.
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