Welcome, Weekenders! In this newsletter:• The Big Read: How a Chinese megabillionaire became the Jensen Huang of batteries. • Style and Shopping: Tech invaded Cannes. Then we went shopping.• Plus, Recommendations—our weekly pop culture picks: “Long Buried,” “How to Not Die in Prison” and “Dust Bunny”On 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 ›
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MrBeast’s $100 million deal with Amazon Prime Video for an upcoming reality competition series will test whether creator-led shows on streaming services, especially with content geared toward older viewers, can draw the same massive audiences as they do online. Kids shows that originated on YouTube, such as Cocomelon, are the clearest examples of social media content that’s found success on more traditional entertainment platforms. Cocomelon episodes on Netflix, for example,... Read more ›
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Elon Musk said his xAI would buy chips from Nvidia rather than rent the chips from Oracle so xAI could build an artificial intelligence data center more quickly, confirming a story published in The Information Tuesday. In a post on X, Musk said xAI plans to build a system with 100,000 Nvidia ... Read more ›
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Tesla made up less than half of all electric vehicles sold in the US in the second quarter, a sign of declining dominance for the automotive company credited with creating an early market for EVs. Teslas accounted for 49.7% of EV sold in the US between April and June, compared to 59.3% the year ... Read more ›
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Federal regulators have banned anonymous messaging app NGL—short for “Not Gonna Lie”—from hosting users under 18 years of age on the platform. The action comes as state and federal lawmakers push for tougher controls over social media platforms in a bid to better protect young people online. The ... Read more ›
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Federal regulators have banned anonymous messaging app NGL—short for “Not Gonna Lie”—from hosting users under 18 years of age on the platform. The action comes as state and federal lawmakers push for tougher controls over social media platforms in a bid to better protect young people online. The ... Read more ›
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Larry Ellison may be a friend and backer of Elon Musk, but even the Oracle executive chair isn’t immune from Musk’s impatience. Musk’s xAI and Oracle have ended talks to expand an existing arrangement under which xAI rents specialized Nvidia AI chips from the tech giant. Instead, xAI is buying chips to build a data center on its own, according to several people involved in the talks. Read more ›
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Etsy unveiled a new labeling system aimed at better describing the types of items sold on the site, as the e-commerce marketplace tries to win back shoppers and burnish its reputation as a place to find unique items. Previously, items were marked as either vintage or handmade, but the site also ... Read more ›
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Non-alcoholic beer maker Athletic Brewing Company raised $50 million in a General Atlantic-led funding round, the company said Tuesday, as it looks to double its brewing capacity and spend more on marketing. The new round values the company at around $800 million, The Wall Street Journal ... Read more ›
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UiPath, which sells software for automating payroll and other workplace processes, said on Tuesday that it will lay off 10% of its workforce, or around 420 people. The layoffs are part of an effort to cut back on operating expenses, the company said. While UiPath’s revenue has grown steadily ... Read more ›
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If you’ve ever wanted to play “Jeopardy” with Scarlett Johansson, you might soon get your chance.Volley, a startup that develops AI-powered games that you can play by giving voice commands to your Amazon Alexa, Fire TV or Roku TV, has raised $55 million in Series C funding. The round is led by Microsoft’s M12 Ventures and Lightspeed Venture Partners, the startup exclusively told The Information. That brings the firm’s total... Read more ›
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Non-alcoholic beer maker Athletic Brewing Company raised $50 million in a General Atlantic-led funding round, the company said Tuesday, as it looks to double its brewing capacity and spend more on marketing. The new round values the company at around $800 million, The Wall Street Journal ... Read more ›
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Andreessen Horowitz, one of the most active venture capital investors in generative artificial intelligence, has added a new tool to its arsenal for winning deals in hot AI startups. The firm has secured thousands of AI chips, including Nvidia H100 graphics processing units, and is renting them to portfolio companies, according to a person who has discussed the initiative with the firm’s partners. It plans to expand the clusters to... Read more ›
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Venture capital firm HongShan, formerly known as Sequoia Capital China, closed a new Chinese currency fund in March after raising 18 billion yuan ($2.48 billion), The Financial Times reported. The Information reported last year that HongShan, led by prominent venture capitalist Neil Shen, was in ... Read more ›
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Buyout firm Bain Capital is nearing a deal to buy publicly-listed financial software vendor Envestnet, Reuters reported. The deal would reportedly value the firm at close to its current stock price of around $63, which translates to a $3.5 billion market capitalization. Envestnet’s stock has ... Read more ›
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Larry Ellison is having quite the summer. First Oracle scores a deal with OpenAI and Microsoft to help handle OpenAI’s workloads. And now Ellison’s son, David, has struck a deal to buy Paramount Global, owner of CBS and Paramount Pictures, a purchase the elder Ellison is partly financing. Larry Ellison’s Hollywood footprint is growing.David Ellison promises to bring a more tech-forward approach to Paramount, including by shifting animation production to... Read more ›
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A $1 billion donation from Mike Bloomberg, the former New York City mayor and co-founder of media and data service Bloomberg LP, will fund free tuition for most students at Johns Hopkins University’s medical school. The gift will pay full tuition for students whose families earn less than ... Read more ›
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Scale AI’s 27-year-old CEO, Alexandr Wang, used to compete in national high school math competitions. His latest math-related victory may have been convincing investors in Silicon Valley to stretch his own company’s numbers. The startup’s $13.8 billion valuation, from a billion-dollar round it raised in May, is almost certainly too high, whichever formula you use. The eight-year-old startup mostly handles the low-end work on artificial intelligence that large-language models developers... Read more ›
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What’s the next hot area for global tech growth? Amir Efrati, executive editor of The Information, along with Heng Tong Choo, executive vice president of the Singapore Economic Development Board, and Jared Koh, regional director of the EDB, recently invited 12 founders and tech executives to discuss the question. Over dinner at San Francisco’s Nari restaurant, the group covered multiple topics including artificial intelligence, expansion strategies for enterprises looking to... Read more ›
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One constant over the last year has been how much money large language models makers such as OpenAI and Anthropic need for their development work—and how eager venture investors are to fund them. Last week we published this report showing that a cluster of venture firms are responsible for many of those bets, even as doubts simmer over whether these AI startups will ever turn a profit. It also showed... Read more ›
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OpenAI last month announced plans to crack down on China-based artificial intelligence developers covertly accessing the startup’s technology, which it doesn’t offer in China. But OpenAI’s conversational AI models are available to Chinese businesses—if they sign up for Microsoft’s Azure cloud service, which operates in China through a local joint venture. Microsoft makes clear in its public statements that Azure China, operated as a joint venture with local company 21Vianet,... Read more ›
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30.06.2026 05:34
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