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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As Meta Platforms tries to keep up with OpenAI in developing artificial intelligence, the Facebook owner is working on a search engine that crawls the web to provide conversational answers about current events to people using its Meta AI chatbot. In doing so, Meta hopes to lower its reliance on Google Search and Microsoftâs Bing, which currently provide information about news, sports and stocks to people using Meta AI, according... Read more âș
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Anthropic, OpenAI and now Google are betting that the future of artificial intelligence involves technology that can take over a personâs computer and automate all manner of work involving applications and internet browsers. (See my colleague Erinâs Saturday scoop on Googleâs efforts here.)If these computer-using agents eventually work and the AI just does what someone asks it to do, without needing to lift a finger, one potential outcome is that... Read more âș
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The RealReal announced Monday that John Koryl had left the company after less than two years as CEO and named Rahi Sati Levesque, a longtime executive at the luxury resale site, to the top role. Levesque, most recently the companyâs president and chief operating officer, helped The RealRealâs ... Read more âș
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Anyone looking at Appleâs recent stock rallyâwhich lifted its market capitalization to $3.6 trillion two weeks ago, a record for any public companyâwouldnât know that the companyâs big new product, the Vision Pro mixed reality headset, had sold so badly that Apple is scaling back production. Or that itâs been slow to introduce artificial intelligence features to its products, with the first coming this week. Or that sales of Appleâs... Read more âș
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Google is developing artificial intelligence that takes over a personâs web browser to complete tasks such as gathering research, purchasing a product or booking a flight, The Information reported Saturday. The product, code-named Project Jarvis, is similar to one Anthropic announced this ... Read more âș
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The Federal Trade Commission on Friday said Lyft had agreed to pay $2.1 million to settle charges the ride-hailing company had made deceptive claims about the money its drivers would make on the app. The antitrust agency disclosed the settlement the same day the Department of Justice sued Lyft ... Read more âș
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Alibaba Group said it has agreed to pay $433.5 million to settle a U.S. class-action lawsuit that alleged the Chinese e-commerce giant made misstatements about its antitrust practices. The lawsuit, filed in March 2023 in the U.S. District Court, alleged that Alibaba violated federal securities ... Read more âș
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Google is developing artificial intelligence that takes over a personâs web browser to complete tasks such as gathering research, purchasing a product or booking a flight, according to three people with direct knowledge of the product. The product, code-named Project Jarvis, is similar to one Anthropic announced this week, these people said. Google plans to preview the product, also known as a computer-using agent, as early as December alongside the... Read more âș
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This week on More or Less: A feisty debate over Vision Pro and words of concern for all VCs. Plus, the latest in tech body hacking. Hope you enjoy! Spotify YouTube Apple Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Perplexityâs ânewbie CEOâ hopes to dodge legal threats, Google competitionâą The Top 5: Best tools for introducing AI to kidsâą Plus: A dance with the dead; a delightful doomsday clock; and a data nerd fashionista.Six years ago, Patrick Soon-Shiong, a Los Angeles billionaire, spent a half-billion dollars on a valuable asset: the Los Angeles Times. Sure, he wasnât buying The New York... Read more âș
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Children and teens are increasingly turning to artificial intelligence tools for homework help and entertainment, as well as to seek out new information: In fact, a recent survey of more than 1,000 young people (and their parents) by Common Sense Media found that seven in 10 teenagers have already used generative AI tools. The survey found that just over half of teens have used chatbots like ChatGPT or Googleâs Gemini.... Read more âș
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Taiwan Semiconductor Manufacturing Co. earlier this month stopped making chips for a China-based chip design firm founded by a Chinese crypto mogul, said two people familiar with the situation. TSMC cut the company off around the time the U.S. Commerce Department began investigating whether the Taiwanese giant had supplied chips to Chinese tech giant Huawei Technologies. Huawei has been prohibited since 2020 from acquiring chips made with U.S. technology, including... Read more âș
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Agility, which makes humanoid robots for warehouses, is raising $150 million at about a $1 billion valuation in a funding round led by DCVC, Bloomberg reported. Agility was last valued at $550 million in 2022, according to PitchBook. The talks add to a string of fundraising discussions by ... Read more âș
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Weâve learned a lot lately about who CEOs like to telephone. We reported a couple of weeks ago that Microsoft CEO Satya Nadella likes to make two calls a day to CEOs of other companies, including startup chiefs, to ensure he stays up to date on the latest developments in tech. And Morgan Stanleyâs former CEO and Disney chair-to-be Jim Gorman likes to call newly appointed CEOs across America to... Read more âș
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Amazonâs top grocery executive, Tony Hoggett, plans to leave the company after less than three years, Hoggett and the company said Friday. A member of Amazonâs top leadership team, Hoggett oversees Whole Foods Market, Amazon-branded grocery and convenience stores and the companyâs grocery ... Read more âș
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Perplexity, the AI-powered search engine startup that is reportedly raising a new round at a valuation of at least $8 billion, was a hot acquisition target last year, The Information reported Friday. X, Notion, and OpenAI all approached Perplexity with acquisition offers of between ... Read more âș
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The Manhattan U.S. attorneyâs office is investigating Tether, the issuer of the worldâs biggest stablecoin, over possible violations of sanctions and anti-money-laundering rules, the Wall Street Journal reported Friday. The criminal investigation is probing whether criminals have used Tetherâs ... Read more âș
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Microsoftâs board of directors reduced CEO Satya Nadellaâs pay package by $5.2 million after the CEO requested the move as a way of taking responsibility for recent cybersecurity breaches, the company said in a proxy filing on Friday. The cut came out of Nadellaâs cash incentive for hitting ... Read more âș
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Autonomous vehicle company Waymo, a subsidiary of Google parent Alphabet, announced on Friday that it had raised $5.6 billion in a funding round led by its parent company. Other investors including Andreessen Horowitz, Fidelity and Silver Lake also participated in the fundraising, according to ... Read more âș
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Aravind Srinivas didnât set out to earn a reputation as one of the mediaâs biggest tech villains. It just kind of happened. Over the summer, Forbes and Wired angrily accused Srivinasâ AI search startup, Perplexity, of plagiarizing their paywalled content. In one case, Perplexity had lifted portions of a Forbes story and used it in a new product that summarizes news stories. In the other instance, a Wired reporter found... Read more âș
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26.06.2026 22:56
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