Welcome, Weekenders! In this newsletter:âą The Big Read: The brains behind Bernieâs AI sovereign wealth fund? A Silicon Valley law professor  ⹠The Takeaway: How I learned to love Mark Roberâą E-commerce: The fast-growing Thiel-backed startup defying a creator economy slowdownâą Plus, Recommendationsâour weekly pop culture picks: âFoul Play,â âThe Feather Warsâ and âPortobelloâA couple days ago, I snagged a red-hot invite: David Holz, the Midjourney founder, was throwing a... Read more âș
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Donald Trump is considering issuing an executive order once he is president that would suspend the enforcement of the U.S. law that could ban TikTok for 60 to 90 days, The Washington Post reported. But lawyers told the Post that a presidential executive order canât overturn a law passed by ... Read more âș
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Before we get to the rest of todayâs newsletter, we have the latest update on TikTok. On Tuesday night, my colleague Sylvia and I reported TikTokâs plans to shut off its app for U.S. users on Sunday, the day a U.S. law will ban the app, unless the Supreme Court intervenes.That news is causing quite a stir among creators, their managers and users of the app, who thought theyâd still... Read more âș
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Digital news outlet Axios signed a content licensing agreement with OpenAI, the companies announced today. The partnership will allow OpenAI to train its models with free content from Axios national and local content, or stories the publication doesnât put behind a paywall, a spokesperson from ... Read more âș
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Funding for U.S. creator economy startups roared back in 2024, buoyed in part by excitement about artificial intelligence, after two years of decline. At the same time, dozens of startups agreed to be acquired or shut down, signs that the industry is maturing. Last year, funding for U.S. creator economy startups rose 51% to more than $1.58 billion compared with 2023, according to new data from The Informationâs Creator Economy... Read more âș
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In 2018âafter I forgot to call my mom one too many timesâa friend and I launched an app that nudges people to take life-enhancing steps such as connecting with family, exercising more and learning new skills. Today we have nearly 40,000 subscribers. Businesses and organizations across the country use our app to improve employeesâ health and well-being. Weâre proud of the business weâve built. But we couldnât have succeeded without... Read more âș
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Microsoft and Google both rolled out changes to how they bill corporate customers for AI software on Wednesday in an effort to drum up more AI revenue. Microsoft will start letting businesses pay for certain features within its enterprise-focused AI software on a consumption basis, rather than a ... Read more âș
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When it comes to the billion-dollar question of where businesses are seeing the biggest returns from conversational AI, automating software development has emerged as an early frontrunner. We have AI software to autocomplete lines of code, AI software to write entire apps, and soon, AI software to test other software.That last one is the focus of Ranger, a year-old startup thatâs building AI software to run quality assurance tests for... Read more âș
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Marc Andreessen and other crypto proponents have complained about how regulators under President Joe Biden have choked off banking services for crypto firms. But even before Donald Trump takes office, some smaller U.S. banks have been quietly expanding services for crypto companies. In recent months, regional bank Western Alliance has been hiring staff to bring on more crypto clients, while Dart Bank, a Michigan community lender, recently jumped into crypto... Read more âș
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TikTok is preparing to shut off its app for U.S. users on Sunday, the day a federal law will ban the app, unless the Supreme Court intervenes to block the ban, The Information reported. Under the plan, people attempting to open the TikTok app in the U.S. will instead see a pop-up message ... Read more âș
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TikTok plans to shut off its app for U.S. users on Sunday, the day a federal law will ban the app, unless the Supreme Court intervenes to block the ban, according to two people familiar with TikTokâs plans. Abruptly switching off the app, rather than allowing people who have already downloaded it to continue using it, will bring home the impact of the ban to all TikTokâs users. Under the... Read more âș
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You might wonder, watching Mark Zuckerbergâs announcements of the past week, whether weâre witnessing a version of the Hollywood movie âFace/Off,â where the Meta Platforms CEO will shortly rip off a mask and reveal himself to be Elon Musk. Aside from Zuckerbergâs moves last week to abandon both diversity, equity and inclusion initiatives and fact-checking in favor of a version of Xâs âcommunity notes,â and his talking up the value... Read more âș
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Visitors to Bryant Park in New York would have had a confusing sight on Tuesday afternoon: Hundreds of startup workers throwing graduation caps into the air and then ice skating in green gowns. That was the celebration cooked up by Industrious CEO Jamie Hodari to memorialize the sale of his co-working startup to $38 billion real estate giant CBRE, in a deal that valued the company at about $800 million,... Read more âș
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The Securities and Exchange Commission sued Elon Musk in federal court in Washington, D.C., for not properly disclosing a major purchase of Twitter shares ahead of his takeover of the social media company, Bloomberg reported. In a statement, Alex Spiro, a lawyer for Musk, said Musk âhas ... Read more âș
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American chip pioneer Intel is spinning off its corporate venture capital fund, Intel Capital, into a standalone investment fund, the company said Tuesday. Intel will remain as an investor in the new firm, which has been operating within the business for 30 years. The separation is still in ... Read more âș
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Brazilâs government said on Tuesday that Meta Platformsâ content policy changes last week donât protect fundamental rights in the country and may lead to violations of laws forbidding some forms of hate speech, such as racial slurs, Reuters reported. Last week, Meta said it would end ... Read more âș
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Warner Bros. Discovery has appointed SoFi CEO Anthony Noto and IAC CEO Joey Levin to its board of directors, bringing the companyâs total to 13 board members. WBD said Noto and Levinâs appointments bring two decades of executive experience in media, commerce, technology and mergers and ... Read more âș
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As we near Sundayâs effective date of a U.S. law that could ban TikTok, a growing number of U.S. TikTok users are joining another Chinese-owned social app: RedNote. The app, known as Xiaohongshu in Chinese, is similar to Instagram. The movement has helped turn RedNote into one of the most downloaded apps in the U.S. almost overnight. Some users said migrating to another Chinese-owned platform is a sarcastic move in... Read more âș
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Executives at software vendors and chief information officers who buy software are starting to agree on one thing: Artificial intelligence models are becoming far less important than the apps that harness them. Many prominent AI apps, including GitHub Copilot, Perplexity search, and Cursorâs coding assistant, previously relied almost entirely on OpenAI but now use models from multiple providers, either because the models are roughly equivalent or because they complement one... Read more âș
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In 2021, Microsoft CEO Satya Nadella faced a choice involving the companyâs Xbox and cloud gaming business. The company could either acquire major game studios to drive more subscriptions to its nascent Game Pass subscription service. Or it could wind down its games business entirely, Nadella told two people at the time. Nadella took the first path, acquiring Elder Scrolls maker Bethesda Studios for $7 billion in 2021 and Call... Read more âș
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The Biden administration signed an executive order to accelerate the development of at least six massive artificial intelligence data centers on federal landâan effort to ensure American companies remain global leaders in AI. The order, which comes one day after Biden published new controls on ... Read more âș
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22.06.2026 19:27
Last update: 19:20 EDT.
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