Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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OpenAI CEO Sam Altman suggested Wednesday that even if the company makes a filing for a public offering, it may hold off on the actual listing. In a company-wide meeting, he noted that filing for an initial public offering was different than being ready to go public and said the company wouldn’t ... Read more ›
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Blockchain.com said it has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering. Founded in 2011 and headquartered in London, Blockchain.com serves as a crypto brokerage, meaning it executes trades for customers by using crypto from other ... Read more ›
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Businesses used to feel locked in to their enterprise software providers, but some now say they can cut and run if they need to.Companies such as insurer National Life Group, for instance, have negotiated “opt out” provisions that let them exit their software contracts or reduce their subscriptions, even in the middle of a contract term, if the vendors don’t introduce AI features at the pace or capability they’ve promised,... Read more ›
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OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period, according to two people with knowledge of the financials. OpenAI’s coding agent Codex, along with growth from selling to businesses and testing ads on ChatGPT, helped drive first-quarter growth, according to one of the people. Since then, however, Anthropic appeared to leapfrog the ChatGPT maker and Anthropic’s... Read more ›
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Peter Levine, an Andreessen Horowitz general partner who stepped back from his role as an active investor six years ago after receiving treatment for a rare form of cancer, has made a full recovery and is returning to full-time work, according to a spokesperson for the venture capital giant. ... Read more ›
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A long anticipated executive order on AI and cybersecurity from President Donald Trump will take a bit longer. The White House has postponed a Thursday afternoon ceremony to sign the order, which is expected to establish a voluntary framework for AI companies to submit future advanced AI models ... Read more ›
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Microsoft's GitHub unit has been on the defensive lately. Amid a series of outages and other snags, Jay Parikh, who oversees the software-project management platform, recently warned deputies that coding tools from Cursor and Anthropic could eventually make GitHub obsolete, my colleague Aaron wrote this week.Parikh was right to be worried. According to someone with knowledge of the effort, Cursor is working on software aimed at replacing some of the... Read more ›
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Anthropic is in talks to rent servers powered by Microsoft-designed AI server chips as it seeks more computing power to meet rising demand for its AI, according to two people who spoke to executives involved in the discussion. Winning Anthropic as a customer would be a coup for Microsoft, whose in-house chip design effort ran into delays last year. Microsoft wants to follow in the footsteps of cloud rivals Google... Read more ›
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Anthropic expects to generate $559 million in operating profit at the end of the June quarter, becoming profitable on an operating basis for the first time, according to a person with knowledge of the financials. A spike in revenue will drive the profit swing, which will take place about two ... Read more ›
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Nvidia, wow. The AI chip giant did it again, delivering better than projected 85% revenue growth for its April quarter, the first in its 2027 fiscal year. Even better, Nvidia forecast 95% growth for the second quarter. Its fiscal 2027 is shaping up to be a firecracker, with sharply faster growth than last year’s still-stellar 66% rate of expansion. Nvidia is also printing cash: Free cash flow in the quarter... Read more ›
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SpaceX showed a deteriorating financial profile in the first quarter after it absorbed xAI and prepared to go public. The company lost $4.3 billion in the quarter that ended in March, while generating $4.7 billion in revenue. Its revenue growth slowed to about 15% in the quarter, compared ... Read more ›
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Anthropic could pay SpaceX up to $40 billion over the next several years to use compute from data centers, but either company has the power to call off the deal early, SpaceX revealed when it filed for an initial public offering on Wednesday. SpaceX is receiving $1.25 billion per month from ... Read more ›
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SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely partnership with Anthropic that are representative of the overall IPO story for Elon Musk’s company: Enormous potential, with risks everywhere. The company said Anthropic agreed to pay SpaceX $1.25 billion per month to rent capacity from both of its supersized data centers in Memphis, called Colossus and Colossus II. That deal, which would be worth about $40 billion through... Read more ›
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Intuit shares dropped around 14% in extended trading on Wednesday as the maker of QuickBooks and TurboTax reported revenue growth dipping to its slowest pace since 2024. Revenue in the fiscal third quarter, which ended April 30, climbed 10% from the previous year to $8.6 billion, much less than ... Read more ›
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Nvidia’s revenue grew 85% to $81.6 billion in the three months that ended April 26, the company said Wednesday. That’s 12 percentage points higher than the blistering growth the AI chip designer reported in the January quarter. It also projected revenue would grow 95% in the current fiscal ... Read more ›
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Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation shortly after receiving conditional approval from regulators for a bank license. The neobank, led by CEO and co-founder Immad Akhund, drew investment from TCV and existing venture firms such as Andreessen Horowitz, ... Read more ›
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The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, according to people familiar with the matter. President Donald Trump could sign the order as soon as Thursday, the people said. Representatives of cloud providers,... Read more ›
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OpenAI is preparing to file for an initial public offering in the coming weeks, according to people familiar with the matter. The filing could potentially speed up the offering for the pioneer of conversational artificial intelligence, accelerating a race with rival Anthropic to reach public ... Read more ›
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The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding boom. These startups often adopted a common playbook of zeroing in on a subset of small... Read more ›
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Businesses are spending more on Anthropic and other AI providers, and the additional budget has to come from somewhere. One natural target for cuts is other software. While businesses aren’t abandoning their enterprise applications outright, they’re putting themselves in a better position to do so if AI makes traditional apps less important. For starters, many are demanding shorter contracts and other favorable terms from longtime software as a service vendors,... Read more ›
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28.07.2026 01:31
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