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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Tesla vehicle deliveries fell for the second quarter in a row but beat Wall Streetâs estimates, sending the electric car makerâs stock up more than 8% to its highest price since January. Tesla delivered 443,956 cars to customers in the second quarter, down nearly 5% from the same period a year ... Read more âș
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When Meta Platformsâ chief artificial intelligence scientist Yann LeCun last month posted on LinkedIn about Metaâs strategy of releasing its large language models for free, some commenters praised its approach, saying it was âreshaping industry collaborations.â Others disagreed with LeCunâs description of the strategy as âopen-source.ââThey should absolutely get credit for open model NOT open sourceâcalling something open source without being open source is really misrepresenting the open source movement,â. Read more âș
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As rĂ©sumĂ©s go, Derek Rundellâs is a doozy. The self-described serial entrepreneur briefly worked as a consultant for Michael Jackson, the late pop star, and he wrote, directed and acted in âZombie Sitter,â a low-budget movie about a preteen navigating a post-apocalyptic world following a meteor shower that has turned the population into the walking dead. But in 2013, Rundell started working for a powerful client: Eric Schmidt, a longtime... Read more âș
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Maybe tech companies need to put European regulators on their boards! The European Commission on Monday added Meta Platforms to the list of companies that are not complying with its new Digital Markets Act. The agency doesnât like the fact that Meta is giving Europeans the choice of either paying a subscription fee for Facebook and Instagram, or paying nothing and agreeing to the use of their data in targeted... Read more âș
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French regulators are preparing to charge Nvidia for engaging in potentially anticompetitive practices, according to a report by Reuters. The charges would come months after French authorities searched a local Nvidia office as part of an investigation into anticompetitive practices. Itâs not ... Read more âș
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The Securities and Exchange Commission on Monday sued Silvergate Capital and its three former top executives, alleging the California lender misled investors on operational and legal risks from its crypto customers. The bank falsely stated it had an effective compliance program even though it â ... Read more âș
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The U.S.ââthe worldâs innovation hub and leader in cutting-edge artificial intelligenceâârisks ceding its leadership through policy missteps driven by Big Techâs outsize influence. In Washington and across the country, Big Tech wants to shape regulations to extend its dominance. That includes efforts to restrict the development of open-source technology, a key driver of innovation that will help determine the global leader in the development, deployment and application of AI. This... Read more âș
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I never thought Iâd say this about a nearly 50-year-old company, but Microsoft is turning out to be a trendsetter.First, Microsoftâs $10 billion investment and partnership with OpenAI early last year prompted rival cloud providers to team up with conversational artificial intelligence developersânamely, Amazon Web Servicesâ similar pact with Anthropic. Then Microsoftâs Copilot AI products set the roadmap of Google. Now, Microsoft seems to be teaching AWS how to do... Read more âș
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A year ago, Character.AI had the wind at its back. Founded by two artificial intelligence pioneers from Google, the startup had launched AI chatbots that offered what its far larger rivals hadnât yet provided: something fun. Millions of people had signed up for its website and apps, intrigued by the chance to text with facsimiles of anime characters, TV personalities and historical figures in hyper-realistic roleplay. Executives discussed raising additional... Read more âș
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After two Tesla veterans launched Northvolt in 2017, the Swedish battery developer rapidly became Europeâs most prominent champion in the race to develop local electric vehicle and battery industries. Though it had never made a battery, the company announced a whirlwind of plans for vertical integrationâplants across Europe and in Canada that would process lithium, make electrodes, manufacture batteries and recycle them when they were spent. Northvolt would make next-generation... Read more âș
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A massage, then maybe a dip in the pool? If thatâs your idea of a spa day, then this will really get your brain twisted into knots: These days, the coolest, most exclusive spas are downright space age and come complete with amenities like high-definition cameras to assess scalp health, compression suits to promote healthy drainage of lymphatic fluid, and three-dimensional dermal scanning, which uses heat to show a bodyâs... Read more âș
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Welcome, Weekenders! In this newsletter:The fame, feud and fortune behind billionaire Alexandr WangThe best high-tech spasPlus: An apocalypse found; a marvelous, murderous melodrama; and requiem for a reality TV star.Until this moment, it was hard to know how seriously to take Donald Trumpâs emerging courtship of Silicon Valley leaders. Yes, he had a glitzy fundraiser at David Sacksâ Pacific Heights home earlier this monthâand yes, heâd won over people like... Read more âș
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After Thursday nightâs presidential debate, the prospects of another Donald Trump administration seem, wellâŠinevitable. (Donât shoot the messenger!) For tech folks, that heralds a friendlier regulatory regime toward crypto for sure and probably also toward tech M&A, given the freeze imposed on even the tiniest of deals by President Joe Bidenâs antitrust crew. Indeed, the business-friendly impact of the first Trump administration can be seen in Supreme Court rulings on... Read more âș
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Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount section without paying duties, according to a person close to the Amazon team working on the project. While the expected move will help Amazon offer prices that are more competitive with its ascendant rivals, itâs also likely to thrust Amazon into the center of heated political debate around... Read more âș
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Would Threads would overtake X? Will Sam Altman be toast? After 52 lively episodes, we looked back on some of our big themes, gave ourselves some grades and looked to the next year in tech. Hope you enjoy! Apple Spotify YouTube Read more âș
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In January 2021, Alexandr Wangâs friends and colleagues gathered for a party at his swank South of Market apartment, which featured a 2,000-foot private terrace with a hot tub and views of the San Francisco skyline. Wang, co-founder and CEO of Scale AI, wanted to mark his birthday with a bang: He was turning 24. Wang had spent the holidays with his family in his native New Mexico and returned... Read more âș
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There are dozens of tech companies hoping to go public, including specialists in enterprise software, retail, artificial intelligenceâand most surprisingly, crypto. This week, we reported that Animoca Brands, which owns stakes in more than 400 crypto and metaverse companies, is looking into going public next year. The company was previously publicly traded in Australia but delisted in 2020. This time, itâs considering listing shares in Hong Kong or the Middle... Read more âș
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Yusaku Maezawa had just a few requests for SpaceX. In 2018, the Japanese e-commerce billionaire had agreed to pay SpaceX to fly himself and a crew of eight artists around the moon for a first-of-its-kind project called dearMoon. As part of the deal, Maezawa asked SpaceX to customize the interior of the crew capsule of Starship, the 400-foot-tall rocket that would take the group to space. Mockups of the design... Read more âș
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This morning, I read Brian Stelterâs just-published opus in The Atlantic on the travails of The Washington Post and its owner, Jeff Bezos, with much interest.The paperâs business struggles and leadership crisis are a constant closed-door subject among news leaders right now. The piece is excellent and full of details about Bezosâ hands-off approach, raising important questions about how one of the worldâs most successful businesspeople will lead the company... Read more âș
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Early last year, venture capitalist Tom Loverro offered a grim prediction. He wrote that a mass extinction event was coming for startups that would make the 2008 financial crisis âlook quaint.â At the time, he told companies to reduce expenses through layoffs and focus on survival rather than keeping their valuations high. Now heâs back with a much rosier projection. Startups that endured that gruesome period can start spending to... Read more âș
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30.06.2026 09:44
Last update: 09:36 EDT.
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