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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If you tuned into Nvidiaâs and Microsoftâs recent quarterly earnings calls, you probably heard their leaders discuss how inferenceâa fancy word for operating an artificial intelligence modelâis becoming a bigger part of the computing workloads in their data centers. In other words, chatbots like ChatGPT Enterprise are serving real customers. That contrasts with what was going on for much of last year, when major tech firms were developing, or training,... Read more âș
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Last fall, Allbirds was preparing to launch an updated version of its popular Wool Runner shoe when its product design team realized there was a problem. A flaw in the design meant Allbirds had to scramble to remove and replace the fabric inside roughly 30,000 pairs of shoes, two people who worked on the launch said. The last-minute snag underlines the quality issues plaguing the onetime direct-to-consumer darling. Those issues... Read more âș
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How bad is the slowdown in e-commerce growth? Ask Blackstone, one of the worldâs largest investment firms. Two years ago, a division of Blackstone that invests in consumer brands such as Supergoop and Spanx joined a second investor to commit $200 million to an e-commerce startup they had founded together. The startup, Kite, was pursuing a roll-up strategy that aimed to buy small consumer goods brands and provide them with... Read more âș
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Weâre in one of those news cycles where everything makes way for one dominant story, which right now is TikTok. Donât worryâif youâre not fascinated by the to-ban-or-not-to-ban debate, it will eventually fade from the headlines. But not just yet: Instead, over the next few days, TikTok will become an even bigger story, as the House of Representatives is scheduled to vote on the ban-or-sell bill on Wednesday. Read down... Read more âș
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Iâve spent the past few days at South by Southwest, the annual tech and arts festival in Austin. The most memorable part of my experience was embedding myself with the screaming fans of âCall Her Daddyâ podcast host Alex Cooper, who threw multi-day events to celebrate the launch of the Unwell Network, an arm of her production company where sheâs signing other top creators including TikToker Alix Earle to launch... Read more âș
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When the Trump administration tried to ban TikTok in 2020, investors in its parent, ByteDance, mobilized to support the app. Now, as a bill to force a ban or sale of TikTok winds its way through Congress, the company is mostly on its own. With the possible exception of Susquehanna International Group principal Jeff Yass, a Republican donor and big ByteDance shareholder, ByteDanceâs U.S. investors are mostly sitting on the... Read more âș
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Tempus, a medical lab testing and data company started by a former co-founder of Groupon, has hired Morgan Stanley to run an initial public offering in the coming months, people close to the process said. The Chicago-based startup, which has raised more than $1.3 billion in private funding from investors such as Google, New Enterprise Associates and Baillie Gifford, would add to the backlog of venture-backed startups aiming to go... Read more âș
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For all the hype around generative AI, we have yet to see much evidence that this new technology is lifting the top lines of customers who are spending money on it. Thatâs left many buyers to wonder: When will we see those long-touted returns from AI?My colleagues and I tackled that question in this story today, which reported that customers of cloud providers are being cautious about spending too much... Read more âș
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In the past year, major technology firms have championed generative artificial intelligence as the next big thing, boosting the stock market to new highs. But behind the scenes, representatives of major cloud providers and other firms that sell the technology are tempering expectations with their salespeople, saying the hype about the technology has gotten ahead of what it can actually do for customers at a reasonable price. Several executives, product... Read more âș
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As the Chinese government races to catch up in advanced computer chips, it has found an ally in ByteDance, the owner of TikTok. The Chinese tech company has quietly bought a stake in InnoStar Semiconductor, a Shanghai-based memory chip firm backed by the Chinese government, according to corporate records in China and Singapore. A ByteDance spokesperson confirmed the previously unreported investment and said it was meant to help advance the... Read more âș
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Weâre in for a long few weeks as the ban-or-sell TikTok bill winds its way through Congress. The few moments of action weâre likely to seeâsuch as this weekâs vote in the House of Representativesâwill be overwhelmed by lots of rhetorical shadowboxing between the various combatants. Today, for instance, the two congresspeople who sponsored the bill attacked TikTok for telling people the legislation was a âban bill.â The congresspeople claimed... Read more âș
0
When Morgan Stanley first worked on Elon Muskâs $44 billion Twitter acquisition in April 2022, bankers estimated fees on the deal could reach $150 million or more, according to two people who saw the terms. But that wasnât the only payoff the bank saw from its involvement in the deal: Morgan Stanley also hoped to strengthen its existing relationship with Elon Musk, whose empire of companies offers the potential for... Read more âș
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OpenAIâs late-Friday announcement of three new board members, as well as the reinstatement to its board of CEO Sam Altman, is a pivotal moment for the ChatGPT-creator, valued most recently at $86 billion. Itâs now clear that the board has shed its origins as a quirky group of academics and techies with ties to under-the-radar movements like effective altruism. Now, OpenAI seems to be saying: take my board of directors... Read more âș
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In 2013, Landon Mossburg, then 29, was hired by Tesla to work on its supply chain team. Tesla threw him into negotiations with the senior executives of cellphone, internet and tech companies to secure internet connectivity deals that would feed Teslaâs over-the-air software updates. Mossburg had a bachelorâs degree in business and had worked as a consultant for Accenture and KPMG. But business wasnât really a passion for himâwriting code... Read more âș
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In 2013, Landon Mossburg, then 29, was hired by Tesla to work on its supply chain team. Tesla threw him into negotiations with the senior executives of cellphone, internet and tech companies to secure internet connectivity deals that would feed Teslaâs over-the-air software updates. Mossburg had a bachelorâs degree in business and had worked as a consultant for Accenture and KPMG. But business wasnât really a passion for himâwriting code... Read more âș
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Welcome, Weekenders! In this newsletter:The Silicon Valley rising star who angered AndreessenHow a white-collar pirate pilfered the richA million-dollar strawberry that venture capitalists cravePlusâOscars weekend! A digital shortcut to enjoying this yearâs biggest films and what the Academy should do in the years to come.A week ago, I bent the rules of time and space to revisit an experience Iâd long forgotten: seeing a movie on opening weekend. Yep, like... Read more âș
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If youâre one of those people who was obsessed with last Novemberâs OpenAI drama, you can wipe it from your memory. The ChatGPT creator put CEO Sam Altman back on its board late Friday, we scooped (the company later confirmed the details in this blog post). You may remember, unless youâve already erased your memory, that Altman lost his board seat when he was fired in mid-November, triggering a dayslong... Read more âș
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In a surprise move, OpenAI CEO Sam Altman is rejoining the board of directors of the non profit that oversees the artificial intelligence developer, according to a person with knowledge of the situation. The decision to reinstate Altman to that position comes four and a half months after the board fired and rehired him in a matter of days, triggering an employee revolt that nearly collapsed the ChatGPT creator. Also... Read more âș
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A few months after JPMorgan Chase bought the collapsed First Republic Bank last year, Eric Bahn decided he needed a new home for his money. The general partner and co-founder of Hustle Fund, a $130 million fund that invests in pre-seed and seed companies, had been a First Republic customer for years. He liked its capital call credit lines, which plugged the gap between when investors committed money and when... Read more âș
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02.04.2026 07:57
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