Welcome, Weekenders! In this newsletter:• The Big Read: The brains behind Bernie’s AI sovereign wealth fund? A Silicon Valley law professor  • The Takeaway: How I learned to love Mark Rober• E-commerce: The fast-growing Thiel-backed startup defying a creator economy slowdown• Plus, Recommendations—our weekly pop culture picks: “Foul Play,” “The Feather Wars” and “Portobello”A couple days ago, I snagged a red-hot invite: David Holz, the Midjourney founder, was throwing a... Read more ›
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Trading brokerage Robinhood and digital banking app Revolut are considering launching stablecoins, Bloomberg reported, moves that could take market share from Tether and other top stablecoin issuers. Stablecoins are a type of crypto token whose values are tied to government-issued currencies, ... Read more ›
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Amazon’s decision to introduce ads within its Prime Video streaming service is already paying off for the company. In talks with advertisers during the just-concluded upfront ad market for the coming year, Amazon exceeded its goal of drawing $1.8 billion in ad-spending commitments for its video-streaming services, including Prime Video, according to a person with direct knowledge of Amazon’s ad sales efforts. That figure includes ads on Amazon’s live sports... Read more ›
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Snowflake CEO Sridhar Ramaswamy promoted his former colleague at search engine startup Neeva startup, Vivek Raghunathan, to oversee all of Snowflake’s engineers as its senior vice president of engineering, Ramaswamy told staff on Thursday. Raghunathan had previously managed the company’s work on ... Read more ›
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Fintech banking startup Chime has hired Morgan Stanley to lead its planned initial public offering next year, Bloomberg reported. The company was last valued at $25 billion in 2021, at a time when fintech valuations soared amid low interest rates. Those valuations have since reduced. Chime ... Read more ›
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You know what they say: when it rains, it pours. OpenAI employees experienced that firsthand yesterday, when they received abrupt news of three major leadership departures.Chief technology officer Mira Murati, chief research officer Bob McGrew and head of post-training Barret Zoph are all leaving the ChatGPT maker, leaders told staff yesterday. Add onto that the departures (temporary and permanent) of other critical technical leaders in the last five months, such... Read more ›
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Even as businesses struggle to figure out how artificial intelligence chatbots can help their operations, they’re getting inundated with a new AI offering: chatbots that can independently take actions like scheduling appointments, also known as AI agents. In the last month, Salesforce, Microsoft, Workday and ServiceNow—hoping to head off similar products from OpenAI—have unveiled products they said will let workers automate ordinary business tasks, such as placing an e-commerce order... Read more ›
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Meta CEO Mark Zuckerberg previewed a new feature on Wednesday that will allow creators to make realistic video avatars modeled on themselves that speak and listen to fans who visit the creators’ accounts on Messenger, Instagram and WhatsApp. Zuckerberg demonstrated the technology at Meta ... Read more ›
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Hours after OpenAI’s chief technology officer Mira Murati announced her departure, two more research leaders at the ChatGPT maker said they also planned to leave. Chief research officer Bob McGrew and head of post-training Barret Zoph are leaving OpenAI, leaders told staff late Wednesday. CEO ... Read more ›
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Sam Altman may have Elon Musk beat for the ability to pull off impressive technological achievements despite near-constant corporate drama. Wednesday’s news that OpenAI Chief Technology Officer Mira Murati is leaving comes after numerous other high-profile exits in recent months (or in the case of President Greg Brockman, a leave of absence.) You have to wonder—what is going on with this company?Outwardly, OpenAI appears unaffected by the turmoil. It recently... Read more ›
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Creators played a big role at Meta’s annual developer conference last year, when Instagram unveiled a line of artificial intelligence-powered chatbots styled after celebrities. Meta scrapped that experiment earlier this year, in favor of helping influencers make their own chatbots.Meta is now expanding these chatbots beyond text messages. Creators using Meta’s free AI Studio software in the U.S. will be able to make realistic video avatars modeled on themselves that... Read more ›
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Mira Murati, OpenAI’s chief technology officer, announced on Wednesday that she would be leaving the company, according to a post on X. Her departure is the latest in a series of high-profile exits and leaves of absences from the company, including three cofounders, a safety leader and a product ... Read more ›
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Meta Platforms announced updates to its artificial intelligence products and introduced a cheaper mixed-reality headset, Quest 3S, at its Connect developer conference on Wednesday. The updates include the option to speak with Meta AI on Meta’s social media apps and image-recognition capabilities ... Read more ›
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Google filed a formal complaint against Microsoft to the European Union antitrust regulator, claiming that Microsoft used its advantages in the software market to stifle competition in the cloud computing market, Google said Wednesday. The search engine giant alleged Microsoft has made it more ... Read more ›
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Adobe forecast Wednesday that holiday e-commerce sales in November and December would grow more than 8% to $240.8 billion this year, up from $221.8 billion in 2023. Adobe also projected more retailers would turn to steep discounts this year to woo price-sensitive customers. Those discounts ... Read more ›
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Between OpenAI’s long-awaited Strawberry launch and its monster ongoing fundraising, it might be easy to forget about Sora, a video-generating model it teased in February to global fanfare. A number of investors told me at the time that the impressive Sora demos cast a worrying shadow over the gaggle of competing AI video startups that had raised hundreds of millions in venture capital. Those concerns may have eased: six months... Read more ›
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Sports jersey seller Fanatics was one of the few high-profile private commerce companies to dodge a valuation collapse in 2022 when interest rates began rising. But as its growth has slowed, investors have started to sour on its prospects, with four mutual funds marking down their stakes in Fanatics by an average of 14% in the first half of the year. According to data compiled by Caplight, funds also made... Read more ›
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Meta and Mistral will decline to voluntarily comply with parts of the European Union’s recently enacted Artificial Intelligence Act that won’t go into effect until 2027, spokespeople for the companies told Bloomberg. Other AI companies including Google and Microsoft will agree to the voluntary ... Read more ›
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Cybersecurity startup Wiz is in talks to let existing shareholders cash out between $500 million and $700 million worth of shares at a price that could value the company between $15 billion and $20 billion, Bloomberg reported. The talks follow Wiz’s rejection of a $23 billion bid from Google to ... Read more ›
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Private equity dealmakers are starting to get busy. The latest evidence of that was today’s news that Blackstone and Vista Equity Partners will buy Smartsheet, which sells software that helps workers plan projects, for $8.4 billion. As falling interest rates are likely at least part of the reason for the (slight) deal revival, we should see more acquisitions in the coming months. Score one for those deal-starved bankers out there.Smartsheet... Read more ›
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Salesforce said Tuesday that it agreed to buy Zoomin, which sells software for businesses to manage their data. The deal is Salesforce’s third acquisition in recent weeks after announcing it would buy Tenyx and Own earlier this month. Salesforce didn’t disclose the acquisition price. The deal, ... Read more ›
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28.06.2026 17:12
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