Welcome, Weekenders! In this newsletter:âą The Big Read: Midjourneyâs David Holz was AIâs creative rebel. Then Google pounced. ⹠Plus, Recommendationsâour weekly pop culture picks: âCatching the Codfatherâ  âAmerican Reichâ and âFor All MankindâThe 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 Chaseâs Tech100, at the private Yellowstone Club in Montana, has been... Read more âș
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Elon Muskâs lawsuit against OpenAI, claiming the ChatGPT creator breached a founding agreement to develop artificial general intelligence for the benefit of humanity, not commercial interests, raises legal questions without clear precedent. It might not get very far.One big question is whether private individuals or companies can sue nonprofit organizations for not following their missions. Musk must establish that he has been harmed and therefore has legal standing to sue.... Read more âș
5
The world was a much different place when media titan CondĂ© Nast bought fledgling internet forum Reddit for around $10 million in 2006. Media companies were still figuring out the internetâCondĂ© had just bought the website for Wired, a magazine it already ownedâand glossy print titles like Vogue and an arsenal of newspapers were raking in advertising profits for CondĂ©âs parent company, Advance Publications. Nearly two decades later, traditional media... Read more âș
5
In a first sign of a softening of electric vehicle mandates, the Biden administration and the state of California this week both eased the way for carmakers to meet stringent emissions and EV rules, extending timelines and allowing companies to sell plug-in hybrids to comply with regulations. The moves align with a general slowing of the transition to EVs. Read more âș
0
The AI startup gold rush has featured a recurring cast of characters from past seasons of Silicon Valley tech booms. Sam Altman! Vinod Khosla! Google! Microsoft! You already know âem, you already love âem. That fact not only has amused me as money poured in over the past year and a half, but has said something about how tech, money and innovation collide. Connections beget connections. Fortunes compound, at least... Read more âș
0
The conversational artificial intelligence boom sparked by ChatGPT boosted funding and valuations for startups in the field, but few of them are making much money. In the latest example, Cohere, one of the best-known startup competitors to OpenAI, which has raised $445 million from investors, was generating about $13 million in annualized revenue at the end of last year, according to a person who has viewed the companyâs fundraising pitch... Read more âș
3
As new artificial intelligence tools from companies such as OpenAI and Midjourney have exploded, a cottage industry of creators has developed to teach others how to use them. Theyâre offering paid classes on how to craft a better prompt for ChatGPT or use AI for filmmaking. AI-related courses and products are a ârapidly growingâ category for Hotmart, which owns course provider Teachable, according to JoĂŁo Pedro Resende, Hotmartâs Brazil-based co-founder... Read more âș
2
Until Microsoft lit up the artificial intelligence world yesterday by appointing Mustafa Suleyman, co-founder of AI startups DeepMind and Inflection, as head of its consumer AI business, the software giant lacked an executive who had built sophisticated generative AI models and products from scratch. As weâve written, Microsoftâs own teams werenât able to develop cutting-edge AI as quickly as OpenAI, which is one reason why most of the generative AI... Read more âș
5
As Reddit executives and the companyâs advisers try to reel in investors for its initial public offering, theyâve been using two seemingly magic words as part of their pitch: artificial intelligence. A slide deck for potential investors shows Redditâs cartoon robot logo next to emblems of semiconductor companies Nvidia and Arm, whose stocks have skyrocketed off the AI boom. The presentation, viewed by The Information, highlighted that OpenAIâs breakthrough ChatGPT-3... Read more âș
0
Microsoftâs decision to hire most of the staff of Inflection AI, including co-founders Mustafa Suleyman and KarĂ©n Simonyan, leaves the would-be OpenAI rival a shell of its former self. But Inflection has arranged an unusual deal for investors that should take the sting out of that blow. At the same time it revealed the staff departures, Inflection disclosed a licensing deal with Microsoft to make its models available for sale... Read more âș
9
Who says itâs hard for startups to raise capital? Marc Loreâs success in raising $600 millionâin addition to $100 million he is contributingâfor his restaurant startup, Wonder, is nothing short of stunning. As Lore acknowledged in a CNBC interview today, the fundraising wasnât easy, given that most startups raising money nowadays are in artificial intelligence. Thereâs no AI angle to Wonder. In fact, there doesnât even seem to be a... Read more âș
0
The bill that could ban TikTok is in for a slog. After sailing through the House of Representatives last week, the billâs momentum is slowing in the Senate. Itâs too soon to tell whether Democratic Sen. Chuck Schumer, the Senate majority leader, will bring the bill to the floor for a vote. Even before that, Democratic Sen. Maria Cantwell, whose Commerce Committee could next vote on the bill, has also... Read more âș
0
Perplexity AI, an artificial intelligenceâpowered search engine, has become a Silicon Valley startup darling for taking on Google with conversational answers rather than a list of web links. Tech CEOs such as Nvidiaâs Jensen Huang and Dellâs Michael Dell have sung the praises of the startup, and it has raised more than $100 million in venture capital from Nvidia and others. Aravind Srinivas, Perplexityâs CEO, has slammed Google, saying that... Read more âș
71
St. Patrickâs Day didnât bring OpenAI or Apple much luck. Yesterdayâs Bloomberg report that the iPhone maker is in talks to license Googleâs Gemini artificial intelligence models to power new features for the iPhone was likely a blow to the ego of leaders at OpenAI, not to mention Appleâs own AI teams.Itâs not yet clear what kind of valuable generative AI services a deal like this could allow Apple to... Read more âș
0
As Chinese shopping site Temu faces mounting hostility toward Chinese companies from U.S. politicians, it is looking to reduce its reliance on the U.S. market. Since it launched in the U.S. less than two years ago, the site, known for its ultralow prices, has caught fire with American shoppers. The U.S. accounted for 60% of total merchandise sales on Temu last year, but Temu is now hoping to reduce that... Read more âș
0
Chris Lehane is beginning to look like the weather vane of tech. As we scooped today, the Clinton White House veteran is likely to join OpenAI, giving the ChatGPT creator some political muscle. Notably, Lehane is jumping to OpenAI after two years at crypto-focused venture capital firm Haun Ventures, which he joined in January 2022 as the crypto bubble was peaking. He took that job after six years at Airbnb,... Read more âș
0
In the past couple of years, TikTok has spent $1.5 billion and restructured its operations to appease a federal government committee reviewing national security risks posed by the companyâs hugely popular app. TikTok has installed cumbersome internal restrictions on its U.S. operations, requiring a separate data security unit to review everything from app updates to creator emails, much to the frustration of employees. The flaw in that strategy is now... Read more âș
10
Before we get into this morningâs main funding news, hereâs an interesting look into the strategy of Apple, which has caught flack from developers and industry pundits for falling behind Microsoft, Google and Amazon in releasing conversational AI. (Thatâs likely why itâs in talks with Google to license its generative AI tech for the iPhone, according to a Bloomberg report this morning.) In trying to catch up, the iPhone maker... Read more âș
24
OpenAI, coming off months of controversy, is looking to add more political and public relations muscle. Chris Lehane, the former Airbnb policy chief and a veteran of the Clinton White House, is nearing a deal to join the artificial intelligence startup as a senior executive, according to people familiar with the potential move. Read more âș
0
Last fall, OpenAI CEO Sam Altman sought to capitalize on the raging success of ChatGPT by launching an app store. Similar to the way Apple turned the iPhone into a big business for mobile app developers, OpenAI hoped developers would tap into its artificial intelligence to create and sell their own conversational AI apps to ChatGPT customers. Four months after Altman announced the GPT Store, however, some developers who offer... Read more âș
15
In 2021, Western auto and battery companies seemed headed toward a massive convergence: As I reported at the time, major automakers said that by 2025 or 2026 they would each be selling dozens of models of electric vehicles each, many of them powered by next-generation batteries that would cut the price of the vehicles, charge fast and take the cars hundreds of miles on a charge. That would make those... Read more âș
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02.04.2026 06:27
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