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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SuperMicro, which makes computer servers, had net sales for the quarter between $5.9 billion and $6.0 billion, up 178% from the same quarter last year, but below its previous guidance of $6.0 billion to $7.0 billion, according to preliminary earnings released on Tuesday. The companyâs stock fell ... Read more âș
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Youâre likely distracted right now by election results, which have surely started rolling in as youâre reading. Rather than add to all the premature speculation on the topic, we think creating an election-free zone would be more useful. Below we recommend some things you can do tonight other than watch the news channels.Before we get to that, consider this fascinating factoid: A 12% rally today lifted Redditâs market capitalization to... Read more âș
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Conviction Partnersâ Sarah Guo, a former general partner at Greylock Partners who left the firm two years ago to back very young AI startups, is raising around $200 million for her second fund, according to a person with direct knowledge on the fundraising efforts. Guo has also told prospective ... Read more âș
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Google accidentally publicized an internal preview of artificial intelligence that takes over a personâs computer to complete tasks, confirming an earlier report in The Information about the product, codenamed Jarvis. The prototype of the AI, known as a computer-using agent, was briefly ... Read more âș
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Silicon Valley venture capitalists are at odds over who they want to win this presidential race, but there is growing consensus on the need for the next president to replace Lina Khan as head of the Federal Trade Commission. Such a change, venture capitalists hope, could lead to more acquisitions and reinvigorate venture capital investments.âWhat is hurting the industry the most right now is lack of exits and lack of... Read more âș
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Institutional Venture Partners is in talks to lead a $500 million investment in Perplexity, which has developed an artificial intelligence-powered search engine that competes with Google, according to two people with knowledge of the deal. The company is set to raise the round at a $9 billion valuation, triple the valuation from a round earlier this year. The new round, which is close to being complete, would be Perplexityâs fourth... Read more âș
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We are wrapping up the first creator-centric U.S. presidential election, where both candidates tapped social media influencers and appeared on podcasts to reach younger voters. Those efforts have extended to the final 24-hour stretch of the campaign. On Monday, Kamala Harrisâ campaign launched a public broadcast channel on Instagram called âCFK: The Final Push,â referring to the acronym for the campaignâs âCreators for Kamalaâ effort. Itâs since sent a steady... Read more âș
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Donald Trump used to be TikTokâs biggest threat. But now, four years after he tried to ban the app, he may be TikTokâs last hope for survival. As Americans vote in Tuesdayâs election, TikTokâs top executives believe the company would be better off with a Trump presidency than a Harris administration. Trump has come out in opposition to banning TikTok, which under a new law is required if the app... Read more âș
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Meta Platforms is becoming more discriminating in its spending for games and other apps for its Quest mixed reality headsets. Over the past year, as Meta has confronted weakening sales in the mixed reality market, its staffers have been rethinking the millions of dollars it spends on app development. In recent months, the company has closed one internal virtual reality studio and cut funding for some outside app developers, as... Read more âș
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Meta Platforms will allow U.S. government agencies and contractors working on defense and national security to use its artificial intelligence models for military purposes, it said in a blog post Tuesday. A spokesperson said the company will also make its models available for government agencies ... Read more âș
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OpenAI has hired Caitlin Kalinowski, who previously led hardware for augmented reality glasses at Meta Platforms, to lead robotics and consumer hardware, she said in a post on X Monday. A spokesperson for OpenAI confirmed her hire. Kalinowski said she will âinitially focus on OpenAIâs robotics ... Read more âș
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Casper, the once-trendy mattress seller, has been acquired by foam manufacturer Carpenter Co., marking the brandâs latest change in ownership after a rocky initial public offering four years ago. Terms of the transaction, which Carpenter announced last week, werenât disclosed. Casper began as a ... Read more âș
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These days, venture capitalists, major artificial intelligence developers and cloud providers have zeroed in on AI-powered coding assistants as the killer product for large language models. But coding assistants arenât perfect. It turns out that as they become ubiquitous, coding assistants are creating plenty of problems at companies that use themâmainly because junior programmers are relying too much on them.Thereâs no question coding assistants are playing a bigger role in... Read more âș
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Redditors may have their new favorite meme stockâReddit. The social media platformâs report of a 68% jump in third-quarter revenue sent the stock soaring 40% to around $115 last week, more than triple the price at which it went public in March. Reddit is now trading at a huge premium to other social media stocksâ11.2 times next yearâs estimated sales, compared to 7.7 times for Meta Platforms and 3.6 times... Read more âș
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Private equity firm Thoma Bravo and alternative asset manager H.I.G. Capital said Monday they plan to acquire the Computing Technology Industry Association, which trains and certifies professionals to work in information technology and advocates for tech workers. H.I.G. and Thoma Bravo plan to ... Read more âș
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Apple has invited select employees to join a focus group that will provide feedback about smart glasses currently on the market, Bloomberg reported. The move could be a sign that Apple is exploring the development of its own smart glasses, a product category that Snap and Meta have popularized ... Read more âș
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Whatâs the cheapest stock around right now? That has to be ByteDance, the privately owned Chinese tech giant that owns TikTok. As we reported today, ByteDance lifted its first-half revenue about 35% to $73 billion, which means it is now about as big as Facebook owner Meta Platforms but growing faster. In the first half, Metaâs revenue increased 25% to $75.5 billion. And yet Meta has a market capitalization of... Read more âș
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Election Day 2024 hasnât yet dawned, but Andreessen Horowitz, which has become a major political player in recent years, is already looking ahead to 2026, pledging $23 million to a pro-crypto PAC. The PAC, Fairshake, has emerged as one of the most influential lobbying groups in Washington and ... Read more âș
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Palantir, which sells artificial intelligence for analyzing data, on Monday raised its full-year 2024 revenue projection for the third time this year after growth accelerated in the third quarter. Demand for its software boosted revenue 30% to $725 million in the quarter, compared to the same ... Read more âș
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Nvidia has had discussions to invest in xAIâs latest financing round, which could value the OpenAI rival at around $45 billion, representatives for xAI told a prospective investor. The talks come just five months after xAI raised $6 billion at a $24 billion valuation. The 18-month-old startup ... Read more âș
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25.06.2026 13:52
Last update: 13:46 EDT.
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