Welcome, Weekenders! In this newsletter:• The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. • Style and Shopping: Tech invaded Cannes. Then we went shopping.• Plus, Recommendations—our weekly pop culture picks: “Long Buried,” “How to Not Die in Prison” and “Dust Bunny”On Tuesday, a closely watched Congressional primary in New York City ended in defeat for Alex Bores, a former Palantir engineer turned state legislator who... Read more ›
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Elon Musk’s X has hired Angela Zepeda, the former chief marketing officer of Hyundai, as its new global head of marketing, X’s CEO Linda Yaccarino announced in a post on the platform on Monday. Zepeda brings a wealth of experience and understands how to grow a brand globally, Yaccarino said. ... Read more ›
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Oracle continues to benefit from renting out specialized servers to AI developers such as Microsoft and xAI. The database pioneer’s cloud server rental revenue rose 45% to $2.2 billion in the quarter ending Aug. 31 compared to the same period a year ago, the company said Monday. That growth was ... Read more ›
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Apple unveiled the next generations of the company’s devices on Monday, many of which will use Apple Intelligence, the AI technology Apple previewed in June that taps OpenAI’s ChatGPT for some queries. Siri will receive an AI makeover that will allow users to direct the virtual assistant to ... Read more ›
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If you’re looking for a bargain backpack or pair of shoes, Temu might seem like the ideal place to look. If you’re looking for a bargain stock, the price tag on Temu’s parent, PDD Holdings, certainly seems tempting. Since PDD’s top management warned two weeks ago that rising competition would put downward pressure on its profits in the future, PDD stock has been trading 40% below its high for the... Read more ›
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The frenzy around AI may be abating, but in a good way. That’s my takeaway from last week's Semicon Taiwan, the chip industry’s big annual convention. Instead of just gushing about the raw power of AI, the conversations on and off stage revolved more around the technical challenges of developing semiconductor technology capable of supporting high-performance AI. Companies like Nvidia and other AI chip developers have been showcasing their latest... Read more ›
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In mid-July, OpenAI CEO Sam Altman flew into Idaho to mingle with entertainment and tech elites at the annual Sun Valley retreat. Among those by Altman’s side was Josh Kushner, founder of Thrive Capital, the New York venture capital firm that had led a recent share sale valuing the ChatGPT maker at $86 billion. Less than a month later, Altman publicly gave Kushner a pat on the back. Replying to... Read more ›
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Elon Musk’s AI startup, xAI, has talked with Tesla, Musk’s publicly traded car manufacturer, about a deal that would give it a piece of Tesla revenue. The two companies have discussed Tesla licensing the startup’s AI models to help the carmaker develop its Full Self-Driving ... Read more ›
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Enterprise software firm Palantir and data center server provider Dell are joining the S&P 500 index of stocks, S&P Global said late Friday, while American Airlines and product marketplace Etsy are being removed. Both Palantir and Dell have benefited from the generative artificial ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The schools where AI isn’t the enemy, but flaky startups are • The Top 5: What to wear for fall conference seasonPlus: The fuhrer and the czar; the art of the swindle; and leave the gun, take the saltwater taffy.A few weeks after tech’s love affair with Miami kicked off in late 2020, I visited the city for the first time. (Until... Read more ›
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White for summer is nothing new, but 2024 embraced the hue at a whole new level. From sandals to sun hats and everything in between, shades of white dominated the most stylish wardrobes over the past three months. And, no, we’re not about to tell you to put away all those whites with Labor Day behind us. In fact, as you get ready to think about what to wear during... Read more ›
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Blue Origin, the space company founded by Amazon’s Jeff Bezos, is now aiming to launch its giant New Glenn rocket for the first time in November instead of October. The company announced the change in a post on X on Friday after NASA said it would delay a Mars mission known as Escapade, which ... Read more ›
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Qualcomm has looked at parts of Intel’s chip design business as potential acquisition targets, according to Reuters. The division of Intel that designs chips for PCs was especially attractive, one source told the news agency. Qualcomm has been mulling over the plans for months, said the ... Read more ›
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Benioff is back! Well, at least as a dealmaker. As we close out the week in tech news, we have to acknowledge Salesforce’s first multibillion-dollar acquisition since its 2021 Slack purchase. On Thursday, the enterprise software firm unveiled a $1.9 billion acquisition of Own Co., a data security software company that Salesforce said would beef up its data protection services. We doubt Salesforce customers will complain about that, given the... Read more ›
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On Friday, the UK Competition and Markets Authority alleged that Google is using anti-competitive practices to advantage its own ad exchange, echoing some of the Department of Justice’s complaints in its U.S. adtech antitrust trial, which is set to go to trial next week. The CMA provisionally ... Read more ›
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The judge that ruled Google engaged in anti-competitive behavior with its search engine said Friday that he may not issue an opinion of the steps Google must take in response until early August 2025. The delay means that the Department of Justice will have more time to propose comprehensive ... Read more ›
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Private equity firm TPG is in talks to take a stake in the European resale site Vinted in a deal that would value the company at 5 billion euros, the FT reported Friday. The potential deal would be notable activity in an otherwise sluggish consumer sector. Vinted, which operates in the U.S. but ... Read more ›
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Salesforce said Thursday it will pay $1.9 billion in cash to acquire Own, which sells a product for businesses to protect and manage their data. It’s Salesforce’s second acquisition this week, showing how CEO Marc Benioff may be changing his playbook after pledging to slow down deals last year ... Read more ›
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Consumer companies are staring down a stark divide: Shoppers either want ultracheap goods, like $3 crop tops from sites like Temu, or high-end items, like $300 running shoes from On Holding, a sneaker company that went public in 2021. That’s according to investors, analysts and executives I spoke with at a Goldman Sachs retail conference this week. They all emphasized a variation of the same theme: When money is tighter... Read more ›
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In early January, Marty Sharpe thought he’d get a few dozen teachers to show up to his professional development course on using generative artificial intelligence in the classroom. After all, it was an optional workday after the two-week winter break at the Catawba County Schools in North Carolina. Instead, Sharpe—the Catawba school district’s chief technology officer—was stunned that nearly a hundred educators signed up for the course, and that it... Read more ›
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OnlyFans revenue rose 20% to about $1.31 billion for the fiscal year ending November 2023, compared to the previous year. The total number of creator accounts jumped by 29% to about 4.1 million, while fan accounts rose 28% to 305 million, according to a U.K. filing from the adult content site’s ... Read more ›
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29.06.2026 01:21
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