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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Hereâs a question of paramount importance in AI: what if large language models could continue learning new information even after theyâre done training? Thatâs the question that researchers at Writer, a $2 billion-valuation startup developing AI tools for enterprises, found themselves asking six months ago. Those researchers have now developed a new type of LLM, called âself-evolving LLMs,â that they claim can continue learning and updating its parameters, or the... Read more âș
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In mid-2020, when cryptocurrency firm Circle needed to raise cash, CEO Jeremy Allaire sought out Steve McLaughlin, founder of investment bank FT Partners and a force in fintech dealmaking. For its services, FT wanted a percentage of any capital it raised for Circle, plus fees on any future fundraising or acquisition, even if FT wasnât involved. While those terms are far longer than what most banks expect, Allaire agreed, telling... Read more âș
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Qiming Venture Partners, one of Chinaâs leading venture firms, is planning a major leadership transition, one of the first of a generation of Chinese VC firms to take this step, according to three people with knowledge of the plan. Nisa Leung and Duane Kuang, two of Qimingâs managing partners, will gradually step back from their roles to let younger partners take center stage, according to the people. The plan comes... Read more âș
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When Google CEO Sundar Pichai called Donald Trump to congratulate the president-elect on winning the election, a guest was on the line: Elon Musk, the CEO of Tesla, xAI and other companies, according to two people familiar with the situation. Muskâs appearance took Pichai by surprise, one of these people said. Read more âș
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Comcast plans to spin off most of NBCUniversalâs cable TV networks including MSNBC, CNBC, USA and Oxygen, according to a person with knowledge of the matter. The decision, which comes a month after company executives first floated the idea to investors and analysts, could pave the way for more ... Read more âș
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Walmart reported solid third-quarter numbers today, driving home whatâs surely a sore point for Jeff Bezos: No matter how hard Amazon tries, it canât conquer Walmart.The Arkansas retailerâs revenue grew 5.5% to $169.6 billion, and the company showed optimism about the holiday season by raising its full-year sales forecast. Investors are happy with the resultsâWalmartâs shares closed up 3% on Tuesday. So far this year the stock has rallied 63%,... Read more âș
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President-elect Donald Trump said Tuesday he will nominate Cantor Fitzgerald CEO Howard Lutnick to lead the Commerce Department. The crypto industry has been eager to see what role Lutnick will play once Trump takes office. The billionaire Wall Street executive has been a vocal crypto ... Read more âș
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Good afternoon from Las Vegas, where Iâm writing this newsletter from a hotel room with a Strip view of the Encore, the hotel where bankers, investors and tech executives will slide from meeting to meeting at Goldman Sachsâ annual private tech confab. Say hi if youâre there. (Iâll be one of the many bald guys roaming around, but Iâm younger than average and have a mustache and wire-rimmed glasses.)Â The... Read more âș
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Microsoft has struck a deal with HarperCollins to use the publishersâ books to train new artificial intelligence models, Bloomberg first reported on Tuesday. Microsoft is reportedly planning to use nonfiction books to train a new AI model that has not yet been released. The news follows similar ... Read more âș
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Walmartâs e-commerce business grew 27% in the third quarter, the company reported Tuesday. The retailer also raised its full-year revenue guidance, indicating optimism about holiday sales. On a call with analysts, Walmart chief financial officer John Rainey said e-commerce sales accounted for ... Read more âș
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Apple has started selling its own ads on Apple News as a deal with its longtime ad sales partner NBCUniversal expires at the end of the year, according to Axios. Apple is also pitching new ad units to boost revenue for the news app. This includes sponsorships of coverage of top events such as ... Read more âș
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Companies like YouTube, Snap and Quibi have all tried to make short original shows on social media work. Now, a second wave of attempts is coming. As Juro and I reported, TikTok is now considering adding TV-like dramas with minutes-long episodes, which have proven popular on its Chinese sister app Douyin. Read more âș
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Meta Platforms hired Clara Shih from Salesforce to run a newly created group building artificial intelligence tools for businesses. Shih, who quit as CEO of Salesforce AI last week, announced her hiring in a post on LinkedIn. The creation of the team and Shihâs hiring is a big step forward in ... Read more âș
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The Information is pleased to announce the hiring of three new reportersâSara Germano, Sri Muppidi and Catherine Perloffâas well as the return of veteran reporter Kevin McLaughlin. Sara Germano will join The Informationâs Weekend section from the Financial Times on Dec. 2, covering the business and future of sportsâwith a strong focus on womenâs sports. Germano is a veteran of this coverage. After attending Fordham University, she started working for... Read more âș
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Techies know well that coaxing a large language model to give you a good answer can feel a bit like tricking a toddler. Developers have been known to write, âif you donât give me the correct answer, I will be firedâ in their promptsâsuccessfully. That led to âprompt engineering,â a side hustle for techies who wanted to make easy money by writing and improving prompts for LLMs. Now, a host... Read more âș
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Microsoft will soon begin selling its first-ever desktop PC, the company said Tuesday. The $349 device, called the Windows 365 Link, is meant for enterprise customers and streams Windows from Microsoftâs cloud servers, rather than running the operating system on-device. The new device shows how ... Read more âș
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The media sector is a no-no for most investors. The exception is sports. As big investors including Ares Management, Apollo Global Management and RedBird Capital Partners pour money into sports teams and leagues, a spate of media startups is emerging to both cover the culture of sports and stream some games. Read more âș
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In tech, the story is going to be very much about the haves and have-nots over the next four years. Some tech firms will have juice with Donald Trump and some wonât. Trumpâs Sunday night announcement that Brendan Carr will lead the Federal Communications Commission is more bad news for Meta Platforms, which increasingly looks to be one of the biggest tech losers in the Trump victory. Carr has been... Read more âș
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President-elect Donald Trumpâs Trump Media & Technology Group is in advanced talks to buy Bakkt, the crypto marketplace backed by the parent company of the New York Stock Exchange, in an all-share deal, the Financial Times reported. Shares of Bakkt surged 162% on Monday after the ... Read more âș
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The Department of Justice will ask a federal judge to force Google to sell its Chrome browser to address its illegal search monopoly, Bloomberg reported on Monday. The Justice Department will also ask the judge, Amit Mehta, to force Google to license its search engine data and stop bundling its ... Read more âș
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24.06.2026 00:09
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