Welcome, Weekenders! In this newsletter:• The Big Read: Midjourney’s David Holz was AI’s creative rebel. Then Google pounced. • Plus, Recommendations—our weekly pop culture picks: “Catching the Codfather” “American Reich” and “For All Mankind”The only thing more fluid these days than which AI company has a better model is which ultraexclusive conference techies lust to be invited to.And JPMorgan Chase’s Tech100, at the private Yellowstone Club in Montana, has been... Read more ›
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Chatbots powered by artificial intelligence, like Google’s Gemini and OpenAI’s ChatGPT, are cool to experiment with. But it’s becoming clearer by the day just how humongously expensive this kind of AI technology is to develop. Our scoop today about Microsoft drawing up plans to spend as much as $100 billion on a data center project for OpenAI over the next several years puts things in perspective. As the story said,... Read more ›
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This week's More or Less was an ode to the return of in-person business. Plus, how VCs are breaking down the Reddit IPO and more. Hope you enjoy. Apple Spotify YouTube Read more ›
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Executives at Microsoft and OpenAI have been drawing up plans for a data center project that would contain a supercomputer with millions of specialized server chips to power OpenAI’s artificial intelligence, according to three people who have been involved in the private conversations about the proposal. The project could cost as much as $100 billion, according to a person who spoke to OpenAI CEO Sam Altman about it and a... Read more ›
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When Skims co-founders Kim Kardashian and Jens Grede were recently considering where to put their very first physical store, they knew right away that New York and Los Angeles wouldn’t work well. Their retail unicorn had previously held pop-up shops in those cities, and they had attracted enormous crowds that limited any chance to observe how customers actually shopped. Instead, they wanted “a store away from the major markets,” Grede... Read more ›
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My colleagues Natasha and Kate this week published The Next GPs, identifying 19 people in industry and at venture capital firms such as Accel, Andreessen Horowitz and Lightspeed Venture Partners who are likely to become general partners in coming years. As I studied the list, I was struck by the relative youth of its members. At least nine, roughly half the list, are 31 years old or younger. At just... Read more ›
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When Air Up, a maker of scented water bottles backed by PepsiCo and Ashton Kutcher, was looking to cut costs last year, it decided to stop using warehouses located in California and Ohio, and instead ship its Asia- and Europe-made products out of the border city of Reynosa, Mexico. That change will make it cheaper for Munich-based Air Up to fulfill orders for U.S. customers, largely due to lower labor... Read more ›
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Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding that would raise the startup’s valuation nearly 80% to about $13 billion, people with direct knowledge of the discussions said. The investment would allow Accel to maintain a large share of a valuable startup that has gotten a boost selling services to OpenAI and other conversational... Read more ›
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Ask most founders, venture capitalists and tech executives how they feel about the state of regulation—from the antitrust case the Justice Department brought against Apple to the executive order regarding artificial intelligence—and you’ll hear a familiar refrain. Most tech leaders ignore regulators because they believe these authorities are inept—too slow or too far behind. They will never catch up.What if regulators weren’t inept over the past decade but just had... Read more ›
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Fallen crypto mogul Sam Bankman-Fried was sentenced to 25 years by a federal judge after he was found guilty of seven counts of criminal fraud. Facing a possible 110 years, he got off easy; the crypto industry, however, did not. The yearslong saga tarnished crypto’s reputation among institutional investors and sparked an exodus of capital. Lately, however, investors and founders have become more hopeful regarding crypto. The price of bitcoin... Read more ›
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It’s been a year since YouTube started sharing Shorts ad revenue with creators that meet certain audience requirements, and it’s starting to pay off. Sort of.More than 25% of YouTube channels in its YouTube Partnership Program are now earning revenue on its short-form videos, YouTube said. With more than 3 million creators in that program, that means about 750,000 Shorts creators are receiving money from YouTube. A year ago, there... Read more ›
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Bolt, the checkout startup that rocketed to an $11 billion valuation during the pandemic e-commerce boom, is embroiled in another legal battle with a high-profile retail partner: sports apparel company Fanatics, which signed a deal in 2022 to offer Bolt’s speedy payment buttons across several of its e-commerce sites. Fanatics filed a lawsuit in California court earlier this month claiming that Bolt improperly reneged on its contract. In the complaint,... Read more ›
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You may have heard of the saying, “two heads are better than one.” The same could be said about large language models.Yes, developers have figured out that model performance can be improved by combining a couple of LLMs. The concept behind "model merging" is surprisingly intuitive. Developers combine the weights (or the “settings” that determine how a model responds to queries) of two or more models trained for different purposes... Read more ›
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The meeting last July between officials from the Federal Deposit Insurance Corp. and executives from Choice Financial Group was tense. For most of the two-and-a-half hour session, the FDIC officials delivered the results of the agency’s recent examination of Choice, a once sleepy bank based in Fargo, N.D., for possible violations of anti–money-laundering and counterterrorism financing regulations, according to records of the meeting. Their findings weren’t pretty. The FDIC was... Read more ›
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California-based Lightning Motorcycle has released a new electric bike that it says accelerates from zero to 60 mph in two seconds, delivers 335 miles of range, and adds about 200 miles of charge in 12 minutes. The secret behind Lightning’s LS-218 is the first commercial electric vehicle battery anode dominated by silicon, a material that enables much faster charging and greater driving range than conventional graphite anodes. Read more ›
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You could hear a pin drop in the tech world today, things were so quiet. (Are techies off painting Easter eggs?) We’re so starved for news that we appreciated Amazon’s decision to “update” everyone on the status of its commitment to invest up to $4 billion in artificial intelligence startup Anthropic. The update was…Amazon has completed the full investment. After putting in an initial $1.25 billion last September, it has... Read more ›
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In 2021, we reported on a survey that measured creators’ top sources of revenue. At that time, sponsorships with advertisers took the top spot by far. Some 77% of creators said it was their single highest source of income. Three years later, other revenue sources are starting to gain more ground. For instance, affiliate marketing, where creators earn commissions on product recommendations, is now the third highest income driver, growing... Read more ›
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The market for initial public offerings is crawling out of a two-year slumber, invigorated by the debuts of Reddit and Astera Labs. But most startups valued at $1 billion or higher won’t go public soon, predicts Accel partner Rich Wong. Of the 1,200-plus private startups that now have this valuation, he estimated far fewer than 20% will end up going public in the next few years. Many of the rest... Read more ›
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There has been a lot of buzz recently around technology startups developing products for the defense industry. In the past few years, companies such as Palantir, Anduril and SpaceX have achieved strong valuations from public and private investors. In addition, geopolitical instability in Eastern Europe, the Middle East and East Asia has led to a greater demand for defense tech. But success for a defense tech company typically hinges on... Read more ›
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Perhaps no executive in the artificial intelligence field has gone to greater lengths to knock down generative AI hype quite like Databricks CEO Ali Ghodsi. A year ago, that looked like sour grapes as OpenAI’s quick progress made many people think that software tools like those Databricks sells to companies to manage data and utilize AI would soon be obsolete.It hasn’t turned out that way, and Ghodsi has been proven... Read more ›
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Software startup Canva, which has grown to a $26 billion valuation with a message that it is “democratizing design” for people without professional training, is increasingly pinning its fortunes on selling its suite of editing tools to the biggest companies in the world. The privately held Australian company told prospective investors late last year that its nascent corporate sales business would grow roughly 60% this year, to about $650 million... Read more ›
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30.03.2026 18:56
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