Welcome, Weekenders! In this newsletter:• The Big Read: The brains behind Bernie’s AI sovereign wealth fund? A Silicon Valley law professor  • The Takeaway: How I learned to love Mark Rober• E-commerce: The fast-growing Thiel-backed startup defying a creator economy slowdown• Plus, Recommendations—our weekly pop culture picks: “Foul Play,” “The Feather Wars” and “Portobello”A couple days ago, I snagged a red-hot invite: David Holz, the Midjourney founder, was throwing a... Read more ›
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Fast-growing human resources and payroll startup Deel has been dragged into a dispute involving a Florida Ponzi scheme, in the latest legal action connecting the firm to fraudulent or illegal movement of money. In a lawsuit filed in federal court in Florida last week, Deel was accused of transferring money for a Ponzi operation the Securities and Exchange Commission says ripped off elderly church members. The complaint, filed by the... Read more ›
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Conversational AI startup Cohere unveiled a preview of North, a new product that marries its large language models and search models to help corporate users work faster, co-founder and CEO Aidan Gomez said in a blog post. The Information reported last month that Cohere was working on such a ... Read more ›
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If there’s one thing artificial intelligence sellers learned in 2024, it’s that customers want AI to be a cinch to set up. Businesses are even willing to pay a premium and take their chances with AI models or chatbots like ChatGPT that have fewer built-in security features than they’re used to—as long as they just work out of the box.That explains why OpenAI and Anthropic each grew revenue 500% or... Read more ›
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The Information is pleased to announce that Ken Brown is joining The Information as senior finance editor. Ken’s name is synonymous with in-depth financial reporting about the biggest business stories of our time. As an editor at the Wall Street Journal, he has overseen investigative teams devoted to breaking news on financial scams, corporate bad behavior, private equity and cryptocurrency. As Money & Investing editor, he oversaw the Journal’s coverage... Read more ›
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Amazon has built a massive advertising business by charging merchants to promote their product listings on its site. Now, Amazon wants to sell the technology behind its ad business to other e-commerce companies. A new product, called Amazon Retail Ad Service, will let outside retailers use ... Read more ›
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Cybersecurity startup Wiz ended its long search for a chief financial officer with its appointment Thursday of Fazal Merchant, a former executive at Dreamworks and Tanium. The hiring of Merchant, who will also serve as the company’s president, puts the company on track for an initial public ... Read more ›
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Project Liberty, the organization founded by billionaire Frank McCourt, on Thursday said it submitted a formal proposal to acquire TikTok’s U.S. assets. McCourt said the offer would keep the short-form video app, which has 170 million monthly users in the U.S., alive in the country without using ... Read more ›
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One of the rarest resources in artificial intelligence—perhaps even more than Nvidia servers or training data—is the people who make it. Founders tell me that the shortage of talent that can develop and improve language and vision models is still extreme, two years into the conversational AI boom.That’s demonstrated by recent developments at startup Voyage AI, which Databricks and Snowflake both recently discussed buying—mostly because of the value of its... Read more ›
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The business world is watching to see whether the Supreme Court—or possibly Donald Trump—saves TikTok. But another man may be more important to the app’s fate: Zhang Yiming, the elusive founder of TikTok’s parent company, ByteDance. Zhang holds supervoting shares that give him effective control over ByteDance and its businesses, according to investors and former executives, even though he doesn’t sit on the board of the company. That means he... Read more ›
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Bluesky, an alternative to Elon Musk’s X, is in talks to raise money at a $700 million valuation in a round led by Bain Capital Ventures, Business Insider reported. The new funding, if completed, would follow a jump in users after Musk successfully campaigned for Donald Trump in last year’s ... Read more ›
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If ever there was a moment for Alphabet to spin off Waymo, it would be now. Optimism about self-driving cars is back, driven (sorry for the pun!) by the very real success Waymo is having with its robotaxi service in markets like San Francisco. Elon Musk’s high-profile presentation last fall about Tesla’s robotaxi plans has surely fueled the new energy. The upbeat sentiment was palpable this week at the Consumer... Read more ›
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Employees of Meta Platforms and European regulators criticized changes to the company’s content policies announced Tuesday. CEO Mark Zuckerberg said Meta would end its third-party fact-checking program in the U.S., take less action on content that might violate its policies and recommend more ... Read more ›
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President Joe Biden’s administration is planning to make one last set of sweeping restrictions on the sale of Nvidia’s vaunted artificial intelligence chips before Biden leaves office later this month, Bloomberg reported. The new rules may aim to block sales to adversary countries ... Read more ›
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Creators sometimes have trouble sifting through their vast libraries of videos to find a specific clip or sponsorship. A new artificial intelligence startup is developing new products to quickly surface those visual moments.IJW, which stands for It Just Works, plans to unveil its first offering, StarZero, on Sunday at the 1 Billion Followers Summit, a creator conference in Dubai. Read more ›
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Google Cloud has appointed Francis deSouza, a software industry veteran and former senior executive at cybersecurity provider Symantec, to serve as its chief operating officer, he announced in a LinkedIn post. This is the latest sign of both the growing maturity of Google Cloud’s business ... Read more ›
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Microsoft is planning to cut less than 1% of its 228,000 employees in the coming months, according to someone briefed on the plans. The layoffs will be based on performance and are likely to affect divisions across the company, this person said. The news of the layoffs were first reported by ... Read more ›
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LAS VEGAS—Donald Trump takes office in less than two weeks, vowing to impose a new round of tariffs on imports—particularly those coming from China. And yet Chinese electronics makers—including those in cutting-edge industries like clean energy, artificial intelligence, robotics and electric vehicles—are out in full force at this week’s Consumer Electronics Show in Las Vegas, pitching their products as though nothing was amiss. More than 1,200 of the roughly 4,500... Read more ›
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Well that didn’t take long! We’re barely a week into the new year and already we’ve reported that Anthropic is in talks to raise $2 billion in new funding at a $60 billion post-investment valuation. Lightspeed Venture Partners, a venture capital firm that’s also backed rival AI developers including Mistral, Stability AI and Cartesia, is set to lead the deal.That valuation is not cheap, even by AI standards. Anthropic recently... Read more ›
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The livestreaming e-commerce platform Whatnot raised $265 million in new funding, boosting its valuation to $4.97 billion. Greycroft Partners, DST Global and Avra, the investment firm founded by former Y Combinator growth investor Anu Hariharan, led the funding round. The company was last valued ... Read more ›
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Telehealth companies including Hims & Hers, Sesame and Noom have flocked to Facebook and Instagram to promote their booming weight loss drugs. But pressure from regulators concerned about consumers’ health data privacy has prompted Meta Platforms to limit how advertisers target users with health-related ads, starting this month. That is upending weight loss campaigns in the middle of the New Year’s resolution marketing season. And more broadly, marketers are scrambling... Read more ›
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23.06.2026 00:16
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