Resale site StockX announced Friday that Greg Schwartz, the company’s cofounder and chief operating officer, would become CEO, taking over the role from Scott Cutler. Schwartz will assume the CEO role on Jan. 1, and Cutler would stay on as an advisor. StockX, which has raised more than $600 ... Read more ›
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Elon Musk joined a phone call on Wednesday between Donald Trump and Ukrainian President Volodymyr Zelensky, the latest signal that the billionaire will play a major role in Trump’s second administration after helping guide Trump to victory in the election. On the call, Musk said he will continue ... Read more ›
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This week on More or Less: The media lessons to take away from the presidential campaign. Plus, why you are probably building your apps wrong. Enjoy! Transcript below. Apple Spotify YouTube Read more ›
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In 2022, I got a tip about Elon Musk, who even as recently as that was misunderstood—and underestimated—by the media: He had embarked on a mission to singlehandedly try to repopulate the Earth with his children, a source told me, passing along a quiet rumor going around Austin. It led me to a shocking discovery. He had fathered twins with an executive at one of his companies, Shivon Zilis, who... Read more ›
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Jack Dorsey’s payments fintech Block is negotiating a potential settlement with several state regulators that have probed the company’s anti-money laundering and other compliance programs, adding to the legal problems the Cash App and Square parent is facing. Block disclosed the new regulatory ... Read more ›
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Paramount Global reported a 10% growth in its streaming business during the third quarter as the company’s overall revenue fell 6% year-over-year, driven by ongoing declines in its traditional cable TV and studio businesses. Paramount’s direct-to-consumer segment, which includes the Paramount+ ... Read more ›
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Taiwanese chipmaker TSMC has told some Chinese customers it will stop making advanced AI chips, potentially setting back chip design efforts of companies such as ByteDance, Alibaba and Baidu, according to two people directly involved in the situation. The Financial Times and Chinese media ... Read more ›
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In just two years, Chinese-owned Temu has come out of nowhere to become one of the best-known bargain shopping sites, known for its ultracheap and sometimes wacky gadgets and apparel. U.S. consumers are expected to spend about $18 billion on the site this year. Behind the scenes, though, Temu has encountered trouble with the bank that was handling those payments. Citigroup, the fourth-biggest U.S. bank, stopped handling payments for Temu... Read more ›
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Baidu, which operates China’s largest search engine, plans to announce a pair of AI-powered smart glasses amid the rising popularity of the products globally, Bloomberg reported. The move could accelerate demand for AI-powered smart glasses in China, a market that is currently served by local ... Read more ›
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Amazon, the largest cloud computing provider, is discussing making another multi billion-dollar investment in Anthropic, The Information reported on Thursday. During negotiations, Amazon has asked the OpenAI rival to use a large number of servers powered by AI chips the cloud provider developed ... Read more ›
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Considering the political rifts in tech this presidential election exposed, you might think Silicon Valley is about to fracture into a scenario in which blue venture capitalists widely refuse to work with red investors and founders—and vice versa. But we’re not so sure.There’s no doubt that at times during the campaign, the rhetoric between Donald Trump backers in tech like Elon Musk and Kamala Harris backers like venture capitalist Vinod... Read more ›
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A little more than a year ago, few people in San Francisco could have foreseen Daniel Lurie running away with the mayor’s race: Lurie, a Levi Strauss heir who founded an anti-poverty nonprofit, Tipping Point, had never held elected office. But his outsider status and moderate policy proposals on public safety, housing and homelessness—along with record spending to raise his profile—propelled him to a stunning victory this week over incumbent... Read more ›
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Palantir, which sells software to governments and enterprise firms, announced on Thursday that Anthropic’s Claude 3 and 3.5 models became available earlier this month to U.S. defense agencies through its AI platform, which allows customers to automate tasks, such as responding to emails. ... Read more ›
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Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions. The new deal is similar to Amazon’s initial $4 billion dollar investment in the startup, which was struck last year. But this time, Amazon wants Anthropic to make a concession. The cloud giant is asking Anthropic, which uses Amazon’s cloud services to train its AI, to use a large number... Read more ›
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A venture capitalist is stepping into one of the highest offices in the U.S.—the vice presidency—but whether he’ll be a friend or foe to Silicon Valley is still unclear. Ohio Sen. J.D. Vance should know what helps startups and their investors, thanks to his five years working in venture capital. During that time, he made early-stage investments in a handful of companies as Peter Thiel helped him establish relationships across... Read more ›
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Anysphere, which has created a code generation assistant called Cursor, and Mercor, a staffing provider for OpenAI and other AI developer companies, are both speaking to investors about raising at valuations of over $2 billion, The Information reported Wednesday. Both companies have landed term ... Read more ›
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Snowflake CEO Sridhar Ramaswamy, who joined last year in its acquisition of AI search startup Neeva, is continuing to bolster his senior leadership ranks. Dwarak Rajagopal, a senior engineering director at Google who worked in a unit that builds large language models for products like YouTube ... Read more ›
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Trendy athleisure maker Vuori will allow some employees and investors to sell shares in a deal that values the company at around $5.5 billion, Bloomberg reported Thursday. The tender offer is around $825 million, the report said, and is being led by growth equity firms General Atlantic and ... Read more ›
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Electric vehicle maker Rivian reported lower deliveries and a 35% decline in third-quarter revenue in part because of a shortage of a key part. The company’s quarterly loss declined from a year earlier because of lower expenses, and Rivian said it expects to post its first gross profit in the ... Read more ›
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I was surprised last week when Meta announced on its earnings call that its text-based app Threads has almost 275 million monthly active users. Threads rarely comes up in my conversations with creators—or brands—though when you pop into the app it’s not a ghost town either. That got us thinking about where exactly Threads’ growth is coming from. Earlier today, my colleague Kalley and I published a story answering that... Read more ›
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10.06.2026 11:48
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