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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OpenAI and Microsoft soared to new heights by developing and sharing artificial intelligence, specialized servers and product revenue with each other. Microsoftâs cash has paid for nearly all of that work. After marching in lockstep, their relationship is changing. Last week, after OpenAI CEO Sam Altman and Chief Financial Officer Sarah Friar raised $6.6 billion in capital, mostly from a slew of financial firms, they told some employees OpenAI would... Read more âș
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Dave Clark, a former senior Amazon executive who oversaw the buildup of the commerce giantâs sprawling delivery operations, is launching a logistics software startup with $100 million in funding from investment firm Oak HC/FT. Clarkâs next move had been a question mark for the logistics and retail tech world since he was ousted as CEO of venture-backed freight company Flexport last year. His new Bellevue, Wash.âbased startup, Auger, will focus... Read more âș
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Amazonâs top human resources executive defended the companyâs full return-to-office mandate announced last month, noting that young employees have been asking for in-office work to gain mentorship from their colleagues. The move to five days a week in-office is a return to Amazonâs pre-pandemic approach, where workers showed up in person but still had flexibility to attend to family and other matters, Beth Galetti, Amazonâs senior vice president of people... Read more âș
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Talk about an epic decision. Epic Games scored a huge victory in court on Monday, when the judge overseeing Epicâs antitrust case against Google essentially shattered the companyâs Android app store monopoly. Among other things, the judge ruled that for the next three years, the tech giant canât require developers to use only Googleâs app payment methods. The judge also ruled that Google had to stop trying to block the... Read more âș
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Daniel Ho, a former senior Tesla executive who managed the launch of the Models 3, Y and Cybertruck, has joined Waymo as program director, he said in a LinkedIn post. Ho left Tesla in April at the same time CEO Elon Musk dismissed Rebecca Tinucci, head of Teslaâs Supercharger group and ... Read more âș
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FTX received approval from a U.S. bankruptcy court for its plan to fully repay customers plus interest, almost two years after the collapse of the crypto exchange. Thanks to rising crypto prices, FTX expects the total value of its assets, when converted to cash and available for distribution, ... Read more âș
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A federal judge in California took extraordinary actions to weaken Googleâs Android app store, known as Google Play, after the company lost an antitrust trial late last year. App developer Epic Games filed the case. The judge, James Domato, ordered Google to stop requiring American Android app ... Read more âș
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Amazon has acquired MX Player, an Indian an ad-supported video streaming service, Amazon said Monday. The companies did not disclose the value of the deal, but TechCrunch reported it valued MX Player at less than $100 million. Amazon said itâs combining its own Indian ad-supported streaming ... Read more âș
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OpenAI closed out its big week of fundraising news with a rather understated product announcement: the release of Canvas, a new ChatGPT interface that makes it easier for users to draft documents and code.That might not sound like a big deal. But it has bigger implications for the companyâs position in the AI race and its relationship with its customers than you might think.With Canvas, users can open up a... Read more âș
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Itâs back to the races for artificial intelligence startups that require billions of dollarsâand the investors that want to own a piece of their growth. OpenAIâs $6.6 billion capital raise and startupsâ high computing costs have sparked new funding discussions between AI startupsâincluding xAI, Anthropic, Perplexity and ElevenLabsâand investors hoping to kick-start deals. In some cases, pressure to close investments before the holiday lull sets in has added urgency. Read more âș
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Cerebras Systems, a $4 billion-valuation semiconductor designer taking on Nvidia, stands out as one of the few tech startups aiming to list its shares publicly this year, trying to capitalize on investor interest in hardware that powers artificial intelligence. What may dampen some of the fervor is another unusual detail: Its co-founder and CEO, Andrew Feldman, was convicted for an accounting fraud felony nearly two decades ago. Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Why women in tech are sounding an alarmâą Power and Influence: The tangled web behind the VC who wants to be mayorâą Plus: Terrors from a storm; Netflix escapism; and a podcast with Tom Hanks and chimpanzee butts. Silicon Valley grudgery really can devolve into such absurd performativity. Take, for example, the very public reconciliation efforts lately undertaken by  Palmer Luckey, the... Read more âș
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In 2015, many San Franciscans were furious with startups like Airbnb as they depleted the cityâs housing supply and pushed rent in the city to some of the highest levels in the country. Mark Farrellâa venture capitalist then serving as a city supervisor and now a leading candidate in San Franciscoâs current mayoral contestâwasnât one of them. Farrell co-authored legislation with then-Mayor Ed Lee establishing new rules for short-term rental... Read more âș
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China-founded Shein is hosting informal roadshows in London and New York this and next week in preparation for the companyâs initial public offering on the London Stock Exchange, according to a person familiar with the company. Sheinâs elusive CEO Sky Xu and CFO Leigh Gui have been meeting with ... Read more âș
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Google on Friday said that it would stop linking to news content in New Zealand if the country passed a law to make platforms like Google and Facebook pay media outlets. In a blog post, Google said it would also discontinue its current partnerships with New Zealand media outlets. New Zealand is ... Read more âș
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Ben Horowitz told employees at the venture capital firm he co-founded that he planned to donate to Vice President Kamala Harrisâ run for president, an about-face from his own positionâand that of his co-founder Marc Andreessenâto support former President Donald Trump. In a note to staff, which ... Read more âș
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It looks like Amazon has finally realized most people go to grocery and convenience stores to browse and shopânot to be wowed by technology. Case in point: Amazon is closing more of its futuristic cashierless convenience shops and launching mini Whole Foods stores that are comparatively low tech. When Amazon opened its first Go store to the public in 2018, it touted the grab-and-go Just Walk Out technology as the... Read more âș
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Kalshi, a prediction market startup, went live with its betting market that allows U.S. users to bet on who will win the November presidential election on Friday after a favorable court decision. A federal appeals court on Wednesday rejected the Commodity Futures Trading Commissionâs emergency ... Read more âș
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Meta Platforms on Friday unveiled a series of artificial intelligence-powered tools for generating videos, editing videos and creating audio. The tools, called Movie Gen, are not yet publicly available, but the company plans to integrate them in its social media apps next year. A Meta ... Read more âș
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There wasnât any one thing that led to the slow death of Girls in Tech, a standard-bearer nonprofit that provided Silicon Valley women with the kind of mentorship and training opportunities that men took for granted. First, the pandemic struck, and donors shifted their attention to health and science causes. Then the Black Lives Matter movement prompted donors to shift their focus to groups that were more obviously working on... Read more âș
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28.06.2026 12:57
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