Robinhood and Coinbase are two of the most popular trading apps, historically concentrating on equities and crypto, respectively. But more and more, they’re competing head to head. Coinbase is launching stock trading, while Robinhood is expanding in crypto. Both are also betting big on prediction markets. Yet as far as stock performance goes, the two companies couldn’t look more different. Robinhood’s shares rose 186% last year, while Coinbase’s fell 12%.... Read more ›
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Andrew Dai, a veteran AI researcher who recently left Google DeepMind after 14 years, is launching a new startup focused on AI models that understand and process text, images, video and audio simultaneously, Dai said. The new startup, Elorian, is in talks with investors to raise a seed round of around $50 million, said Dai and another person with direct knowledge of the matter. Striker Venture Partners, a venture capital... Read more ›
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Indonesia blocked xAI’s Grok chatbot, due to the risk of sexual “deepfakes” on the service, Reuters reported, the latest sign of rising criticism of sexual imagery on the site. Earlier this week some Democratic senators called on Apple and Google to take Grok out of their app stores over the ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Dubious biological age tests sweep Silicon Valley • Plus, Recommendations—our weekly pop culture picks: “Forged,” “While Israel Slept” and “Fallout”If your holidays were anything like mine, you probably spent more than you expected to on presents. You may have had a couple glitches with your online shopping—for example, shoes you had to return because they didn’t fit. Overall, though, in my personal... Read more ›
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Andreessen Horowitz’s crypto funds have continued to produce better returns and distribute more cash than the firm’s general venture funds, according to new returns data published Friday. The firm’s second crypto fund, a $541 million vehicle raised in 2020, had a total value to paid-in capital ... Read more ›
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OpenAI and SoftBank will each invest $500 million in SB Energy, a SoftBank-backed data center developer that’s building a site for the Stargate project. As part of the investment, the companies have agreed to work together on data centers using designs developed by OpenAI, according to a Friday ... Read more ›
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Nvidia is hiring its first chief marketing officer who will report directly to CEO Jensen Huang, an Nvidia spokesperson said. Alison Wagonfeld, who previously headed marketing at Google Cloud, announced the move on Thursday on LinkedIn. Wagonfeld spent nearly a decade at Google and will join ... Read more ›
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If Apple Chief Executive Tim Cook is retiring anytime soon, the company didn’t provide any hints that such an event is imminent in its most recent proxy filing, released Thursday. In the filing, the company said the composition of its board of directors will remain unchanged for the next year. ... Read more ›
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Amazon has started laying the groundwork to open a big-box retail store in the Chicago suburbs, according to planning documents. That marks a return to similar plans for a Target-like store that Amazon shelved a few years ago. In recent weeks, Amazon has sought approval from the village of ... Read more ›
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Venture capitalist Meltem Demirors isn’t above the occasional splurge on bags, jewelry and other material things. But she much prefers to use her disposable income for an expanding array of exotic wellness experiments, including injecting peptides and hiring a personal longevity coach. “The only dollars I spend that really have a noticeable impact on my well-being are on my health,” said Demirors, a former crypto executive who is now a... Read more ›
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Andreessen Horowitz has raised over $15 billion across five new funds, its biggest fundraising ever. The venture capital firm raised $6.75 billion for its growth fund, which invests in more mature startups and $1.12 billion for American Dynamism, its fund focusing on defense, manufacturing and ... Read more ›
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Elon Musk’s xAI burned through $7.8 billion in cash in the first nine months of 2025, Bloomberg reported Thursday evening, reflecting the high costs of AI development. XAI is responsible for the Grok AI models and chatbot. The Bloomberg report said xAI had reported a net loss of $1.46 billion in ... Read more ›
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As Elon Musk shifts Tesla away from its roots into robots and robotaxis, investors hunting for the next big electric vehicle play might want to consider Rivian, which is poised for a mainstream breakout just as Tesla was 10 years ago. Rivian’s sales are tiny—it sold just over 42,000 cars last year to Tesla’s 1.6 million. But the company this year plans to launch a more affordable vehicle that could... Read more ›
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Chinese AI startup DeepSeek is expected to launch its next-generation AI model that features strong coding capabilities in the coming weeks, according to two people with direct knowledge of the plan. The new model, V4, is a successor to the V3 model DeepSeek released in December 2024. Initial tests done by DeepSeek employees based on the company’s internal benchmarks showed that it outperformed existing models, such as Anthropic’s Claude and... Read more ›
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Meta Platforms announced on Friday that it had agreed to a series of nuclear power deals for its data centers, making it one of the biggest corporate buyers of nuclear energy in the U.S. Meta will purchase electricity from three existing Vistra Corp plants as well as reactors from Sam ... Read more ›
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David Ellison just can’t get any respect. The son of Oracle founder Larry Ellison and CEO of Paramount Skydance is going nowhere in his efforts to buy Warner Bros. Discovery, owner of HBO Max, Warner Bros. Studio and a bunch of cable channels including CNN. Ellison has a very persuasive argument that his $30 a share offer—$108 billion in total—is better for WBD shareholders than what Netflix is offering for... Read more ›
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On Thursday Snowflake said it was buying app monitoring startup Observe, confirming our earlier scoop. The sale, which we had previously reported would be roughly $1 billion, provides a decent exit for early investors in the nine-year-old startup, such as Sutter Hill Ventures and Madrona Ventures, both of which also previously backed Snowflake when it was privately held. It also saves Observe from having to raise more money this year.Observe... Read more ›
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Lambda, an upstart cloud provider that rents out Nvidia AI chips—and whose biggest customer was recently Nvidia itself—is trying to raise at least $350 million before a potential initial public offering this year, according to a person familiar with the discussions. Mubadala Capital, which manages money for the United Arab Emirates government and other investors, is in talks to lead the funding round, which is structured to sell stock to... Read more ›
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Strava, a fitness app popular with runners and cyclists, filed confidentially in recent weeks for an initial public offering and hired Goldman Sachs to run the listing, according to people with direct knowledge of the matter. The San Francisco–based firm, founded in 2009, has recently been meeting with prospective investors ahead of the offering, which could come as soon as this spring. The company grew revenue at a fast pace... Read more ›
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Microsoft is adding a buy button to its Copilot chatbot, the company said Thursday, making it the latest AI app to allow users to make purchases without leaving the chatbot window. The company said that shoppers will be able to purchase from retailers including Urban Outfitters and Etsy. Shopify ... Read more ›
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14.03.2026 21:18
Last update: 21:05 EDT.
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