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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Meta Platforms named three new directorsâincluding Dana White, CEO of mixed martial arts company Ultimate Fighting Championshipâexpanding its board to 13 members. The other new directors are John Elkann, CEO of investment company Exor, and Charlie Songhurst, an investor and former executive at ... Read more âș
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A Google executive on Monday criticized Microsoftâs Bing search engine for potentially making users think they are using Google Search rather than Bing. Bing is the default search engine in Microsoftâs Edge browser, which comes preinstalled on Windows computers. Typing âGoogleâ into the browserâ ... Read more âș
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âShark Tankâ investor Kevin OâLeary has signed onto billionaire Frank McCourtâs attempted bid to acquire TikTok. But itâs unclear if OâLeary has made a capital commitment, and if so how much. The celebrity investor in May 2024 floated his interest in buying the app, at a significant discount. At ... Read more âș
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The Federal Reserveâs top banking regulator Michael Barr announced he would step down from the position on Feb. 28, or earlier if a successor is confirmed, meaning President-elect Donald Trump can appoint a replacement with a more favorable stance toward crypto and other financial ... Read more âș
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Uber announced an âacceleratedâ $1.5 billion stock buyback, to be mostly done on Monday, reflecting its view that âour stock is undervalued,â Uber CFO Prashanth Mahendra-Rajah said in a statement. Shares of the ride-hailing firm have fallen 24% since mid-October, ... Read more âș
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If the last month of AI product updates has demonstrated anything, itâs that AI firms are diverging meaningfully in their pricing strategies.On one hand, we have companies like Google, whose new âFlashâ model drew droves of price-sensitive developers looking for an uber-cheap yet still high-quality alternative. And on the other hand, we have OpenAI, which last month announced both a âproâ version of its chatbot that costs 10 times as... Read more âș
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Walt Disney Co. is selling its streaming cable business Hulu + Live TV to smaller rival Fubo TV, in exchange for a 70% stake in Fubo. The deal both allows Disney to get out of the streaming cable business, whose future is not bright, and resolve litigation stemming from last yearâs aborted ... Read more âș
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Google is good at operating the technology independent websites use to sell their adsâso good that the U.S. says it has a monopoly in that area. But it has been surprisingly poor at developing streaming TV ad technologyâadvertisers, TV ad sellers and former Google employees say its technology lag those of rivals. Buyers say Googleâs video-streaming ad technology doesnât let them target audiences as precisely as rivalsâ offerings do, nor... Read more âș
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Microsoft recently suspended construction on part of its multi-billion-dollar artificial intelligence data center campus in Mount Pleasant, Wisconsinâa site where it is building a massive supercomputer for OpenAI. Microsoft said in a statement to Wisconsin Public Radio that it paused the second ... Read more âș
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The Consumer Electronics Show kicks off in Las Vegas this week, with two days of media events ahead of Tuesdayâs official opening. Among the highlights are Nvidia CEO Jensen Huangâs keynote, scheduled for Monday. The big themes at this yearâs CES, which has become a gathering place for ... Read more âș
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Welcome, Weekenders! In this newsletter:âą Predictions: 18 things we think will happen in 2025 ⹠Predictions: What happened with our guesses about 2024 ⹠How to transform your productivity in the year ahead ⹠Plus: Holmes at home; spilling tea on the Town; and Taylor Sheridan strikes againElon Musk already keeps a pretty full calendar running six major companiesâX, Tesla, SpaceX, The Boring Co., xAI and Neuralinkâas well as, seemingly,... Read more âș
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The Justice Department and TikTok filed duelling briefs with the Supreme Court on Friday, setting up the arguments their representatives will present when the court hears oral arguments next Friday in TikTokâs effort to block a law that could ban it on Jan. 19 if it doesnât sever its ties with ... Read more âș
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As a new year dawns, I always spend a lot of time thinking about what I worked on in the one that has just endedâthe people I hired, the stories we broke, the experiments we tried. Reflecting on 2024, itâs also clear to me that how I work changed a lot. In some respects, my expanding job responsibilities and my family forced my habits to shift. But I also believe... Read more âș
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Apple CEO Tim Cook will donate $1 million of his personal money to the committee planning president-elect Donald Trumpâs inauguration, Axios reported Friday. Cook joins other tech CEOs, including OpenAIâs Sam Altman and Uberâs Dara Khosrowshahi, who each pledged $1 million in personal donations, ... Read more âș
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Our hearts go out to the victims of Wednesdayâs horrific vehicle attacks in New Orleans and Las Vegas. In the days since, people have understandably been grasping to find ways the violence could have been prevented. One detail thatâs gotten significant attention over the past 24 hours is that both vehicles used in the attacks were rented through Turo, an IAC-backed car-sharing service that filed to go public in 2022... Read more âș
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TikTokâs head of ad sales for North America, Sameer Singh, is leaving the company as the popular social video platform faces a ban in the U.S. beginning on Jan. 19, according to Adweek. Itâs a notable executive departure for TikTok, which has asked the U.S. Supreme Court to intervene to prevent ... Read more âș
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Photo licensing service Getty Images is exploring a merger with Shutterstock, a rival service, Bloomberg reported, in a possible sign of how the emergence of artificial intelligence-powered image creation is affecting the market for photo images. Shares of both companies jumped on the news, ... Read more âș
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Electronics manufacturer Jabil said Friday that it had granted Amazon warrants to purchase more than 1 million of its shares for about $160 million, with the warrants vesting based on Amazonâs spending on the companyâs products. Amazon has a record of equity-for-spending deals with ... Read more âș
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Microsoft is on track to spend $80 billion on datacenters that are tailor-made for running AI software in the twelve months ending in June, president Brad Smith said in a blog post on Friday. More than half of that spending will take place in the U.S., Smith said. The investment is a sharp ... Read more âș
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Stuart Hoegner, general counsel of stablecoin issuer Tether and its sister exchange Bitfinex, has retired and will be replaced by Michael Hilliard, who co-led legal affairs with him for several years at the two crypto companies. Tether, the worldâs largest dollar-pegged stablecoin, has not ... Read more âș
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23.06.2026 02:26
Last update: 02:20 EDT.
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