Welcome, Weekenders! In this newsletter:âą The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. ⹠Style and Shopping: Tech invaded Cannes. Then we went shopping.âą Plus, Recommendationsâour weekly pop culture picks: âLong Buried,â âHow to Not Die in Prisonâ and âDust BunnyâOn 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 âș
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A weak July jobs report last week has been rocking the stock market. But in the creator economy, hiring has been picking upâat least as of the second quarter. The number of open roles at creator-related companies rose 66% during the second quarter compared to the first three months of the year, according to Creator Economy Jobs, a job board focused on the sector. Interest from job seekers is growing,... Read more âș
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Instacart reported 15% year-over-year growth in second quarter revenue, although its operating income fell by about half on sharply higher expenses, particularly in research & development and sales & marketing. Instacartâs transaction revenue rose 17%, a much stronger rate of growth than ... Read more âș
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Amazonâs top executive in India is leaving the company, a company spokesperson said Tuesday. Country manager Manish Tiwary, who has led the companyâs India business since 2020 amid intensifying competition from Walmart-owned Flipkart and other local firms, will leave in October âto pursue an ... Read more âș
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Disney is raising the prices of some of its streaming services and bundles starting in October, as the company launches new viewing features designed to increase the amount of time users spend on its services while driving more advertising revenue. Starting October 17, Disney said the price of ... Read more âș
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X is filing an antitrust lawsuit against an advertising industry coalition and some of its members, alleging the group abused its influence on advertisers to boycott the platform, Xâs CEO Linda Yaccarino announced in a video. The lawsuit is against the Global Alliance for Responsible Media and ... Read more âș
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Thereâs no question that Nvidia has benefitted the most from the AI wave so far. So much so, in fact, that the U.S. Department of Justice is investigating complaints that the chipmaker is engaging in anticompetitive behavior, Anissa, Amir and I reported last week.But luckily for the host of rivals hoping to take a slice of Nvidiaâs lucrative pie, the companyâs popular chips do apparently have a weakness when it... Read more âș
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Axios is laying off about 50 people across the company, according to Katie Robertson of The New York Times. In a note from Axios CEO Jim VandeHai shared by Robertson on Twitter, VandeHei cites factors including more readers shifting their attention to social media platforms, the ability for AI ... Read more âș
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Uber reported sharply higher operating income of nearly $800 million in the second quarter, as revenue rose 16% to $10.7 billion, the ride-hailing and food delivery firm said Tuesday. The results show Uberâs cash generation expanding to $1.7 billion, up 51% on a year earlier, demonstrating ... Read more âș
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Klarna, the Swedish âbuy now, pay laterâ firm, has been preparing what would be one of next yearâs first big tech initial public offerings. First it wants to see if investors think itâs worth more than the roughly $7 billion valuation awarded during its last fundraising. The Sequoia Capitalâbacked startup has been in preliminary discussions with investment firms about their interest in buying shares held by existing shareholders, said a... Read more âș
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A federal judge ruled on Monday that Google had acted illegally to maintain a monopoly in search and text-based advertising in search results, marking a major victory for the U.S. Department of Justice. The ruling by Amit Mehta of the U.S. District Court for the District of Columbia took aim at ... Read more âș
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OpenAI President Greg Brockman is taking an extended leave of absence while the co-head of the startupâs post-training group, John Schulman, is departing to Anthropic in the latest of many personnel changes at the ChatGPT developer this year, The Information first reported on Monday. Both ... Read more âș
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OpenAI President Greg Brockman is taking an extended leave of absence while the co-head of the startupâs post-training group, John Schulman, is departing to Anthropic in the latest of many personnel changes at the ChatGPT developer this year, The Information first reported on Monday. ... Read more âș
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Tesla CEO Elon Musk sued OpenAI in federal court, alleging the ChatGPT-maker and two of its founders, Sam Altman and Greg Brockman, engaged in fraud, false advertising and breach of contract when they started a for-profit unit of the nonprofit Musk had backed. The suit follows a similar lawsuit ... Read more âș
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Nvidia shares dropped 6% Monday after The Information reported that the companyâs upcoming artificial intelligence chips are facing production delays by at least three months due to design flaws. Nvidiaâs share price has fallen nearly 26% from the height of June 18, when it briefly ... Read more âș
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Billionaire Michael Moritz, the former Sequoia Capital partner, became the latest Silicon Valley investor to criticize his peersâ support of Donald Trump on Monday with a Financial Times op-ed that likened their actions to supporting a dictator. âThe Trump supporters in Silicon Valley ... Read more âș
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Greg Brockman, OpenAIâs president and one of 11 cofounders of the artificial intelligence firm, is taking an extended leave of absence. Another cofounder and key leader, John Schulman, has decamped to Anthropic, a fierce rival founded by ex-OpenAI researchers. And Peter Deng, a product leader who joined the company last year after leading products at Meta Platforms, Uber and Airtable, has also left, according to a person with direct knowledge... Read more âș
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Antitrust regulators donât scare big tech investors. Stock of Googleâs parent Alphabet fell by only a couple of percentage points after a judge found Google had broken antitrust laws in its efforts to protect its monopoly in search. Shares of Apple, which arguably stands to lose as much from the ruling as Google, fell even less. (Both stocks fell nearly 5% during the dayâs regular trading, amid a broad market... Read more âș
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As Google faces repercussions from a landmark federal ruling declaring its search engine an illegal monopoly, Microsoft, another dominant tech firm, stands to benefit at Google's expense. After the ruling, several senior managers at Microsoftâs Bing search engine privately voiced their excitement at the possibility that Bing could replace Google as the default search provider for Apple. Judge Amit Mehta on Monday said Googleâs deals to be the default search... Read more âș
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CrowdStrike âstrongly rejectsâ the claim that the cybersecurity company is to blame for Deltaâs flight cancellations as a result of the July CrowdStrike-Microsoft outage, the cybersecurity company said in a letter Sunday. Last week, Delta CEO Ed Bastian told CNBC that Delta had âno choiceâ but ... Read more âș
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A YouTube creator filed a complaint on Friday alleging that OpenAI transcribed his and other creatorsâ videos to train the large language models that power its generative AI products and its AI chatbot ChatGPT, without creatorsâ permission or without compensating them. David Millette, a YouTube ... Read more âș
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29.06.2026 16:07
Last update: 16:00 EDT.
News rating updated: 23:03.
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