Nothing focuses the mind quite like an impending hanging. Thatâs according to English poet Samuel Johnson, speaking in the 18th century. The paraphrased quote perhaps explains the mindset of the small circle of companies taking concrete steps to go public in the near future: Itâs easier to carry heavy debt loads when youâre a public company than a private one.We scooped the news today that fast-growing cloud provider CoreWeave, flush... Read more âș
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Bessemer Venture Partners is in talks to lead a $250 million investment in Perplexity, a developer of an artificial intelligence-powered search engine, at a $3 billion valuation, according to a person familiar with the matter. The new valuation would be triple what the San Francisco-based startup was valued at earlier this year. The new investment, which is Perplexityâs fourth funding round since March 2023, shows venture capital investors are still... Read more âș
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When OpenAIâs board of directors ousted Sam Altman as CEO last year, it looked like a shocking derailment of a fast-rising career. Even after Altman returned to the role just days later, it seemed like he would be kept on a shorter leash. Instead, he has become more powerful than ever. His primary foes within OpenAI resigned or were pushed out. He is propelling the companyâs board to overhaul OpenAIâs... Read more âș
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Elon Muskâs superfans are taking a page out of the influential CEOâs social media playbook. Today I reported on a grassroots effort by Tesla influencers to swing an upcoming shareholder vote in favor of board proposals that could reinstate a $45 billion pay package for Elon Musk and move Teslaâs legal home to Texas. Popular X posters and Tesla investors like Alexandra Merz (better known on X as TeslaBoomerMama, a... Read more âș
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U.S. officials have escalated a crackdown on the controversial customs exemption that Temu, Shein and other e-commerce firms use to send cheap items from overseas to American shoppers without paying tariffs. The U.S. Customs and Border Protection agency in recent weeks suspended several customs brokers from a program that makes it easier and quicker to arrange such shipments. Seko Logistics, which says that it processes millions of parcels under the... Read more âș
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Cloud computing startup CoreWeave, one of the biggest beneficiaries of the artificial intelligence boom, has been on a fundraising spree over the past year from some of the deepest pockets on Wall Street. Now itâs planning an initial public offering. The startup has started early preparations to go public by the first half of next year, said a person with direct knowledge of the companyâs plans. The plans set up... Read more âș
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When the leaders of OpenAIâs âsuperalignmentâ team quit two weeks ago, CEO Sam Altman found himself once again facing allegations that heâs not sufficiently worried about artificial intelligence bringing about the end of the world (or other, less-apocalyptic safety concerns). After the high-profile resignations, OpenAI said it had folded superalignment researchers into its broader research arm rather than keep them cloistered, prompting further commentary from OpenAIâs critics that it wasnât... Read more âș
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When Apple executives appear at its annual developer conference in mid-June, they are expected to unveil details of how it will integrate AI in its Siri virtual assistant and other products. One of the big questions is how it will do so while still honoring its promises to protect the personal data of its users. The answer? Apple plans to process data from AI applications in a virtual black box,... Read more âș
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Alexandra Merz was posting up a storm. Last week, the Tesla investorâbetter known to her 120,000 followers on X as TeslaBoomerMamaâwas dispensing instructions on the Elon Musk-owned social media platform about how Tesla shareholders around the world could get in touch with their stockbrokers ahead of a key shareholder vote on June 13. On the ballot is a Tesla proposal to reinstate a gargantuan, $45 billion pay package for Musk,... Read more âș
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Vivek Ramaswamy was obviously missing the adrenaline rush of being in the headlines. His faux-activist plunge into BuzzFeed stock has cost him less than $5 million and has already paid dividends in more free press than heâs had since he dropped out of the Republican presidential race in January. But letâs not mistake this for an activist play. BuzzFeed is controlled by founder-CEO Jonah Peretti through his supervoting stock. Ramaswamy... Read more âș
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Last week Kaya and I reported on a broad restructuring at TikTok, which included layoffs in the U.S. and other countries. Among the many changes were those directly linked to creators and publishers. The latter could signal an increased effort to court media companies and bring more professional content to the app, best known for its user-generated short videos. For instance, the company is introducing a team called publisher monetization... Read more âș
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Ilya Sutskever, a co-founder and former chief scientist at OpenAI, is currently the most sought-after entrepreneur in town. We donât yet have the details on Sutskeverâs next role. But we wouldnât be surprised if he joins an OpenAI competitor, like Anthropic or Elon Muskâs xAI, moves that could further strain his relationship with OpenAIâs leader Sam Altman. Or he could start his own company that competes with his former employer.Sutskever... Read more âș
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Nvidia has become the world's third-most-valuable company by selling chips to power artificial intelligence. Now it's also one of the biggest corporate buyers of cloud computing services. Last week, Nvidia said it has committed to spend nearly $9 billion on cloud computing in the coming years, which involves spending with Amazon, Microsoft, Google and Oracle. Thatâs a huge jump from the $3.5 billion Nvidia said it had committed to cloud... Read more âș
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While Elon Musk may get credit for SpaceXâs ambitious mission to âmake life multi-planetary,â SpaceXâs org chart confirms something long understood by insiders at the $180 billion rocket startupâPresident and Chief Operating Officer Gwynne Shotwell is running the show. Shotwell oversees nearly every single team at SpaceX, which has around 13,000 employees at facilities spread across California, Texas and Florida. Her 21 direct reports include executives running the satellite internet... Read more âș
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Youâre going to hear the term âsupercomputerâ a lot in the coming months. Itâs just a cool way of saying âa large cluster of servers running Nvidia chips,â but without as many words. Anyone whoâs anyone in AI is going to talk about their supercomputer, and we imagine that Elon Musk will be one of themâespecially after Anissa on Friday reported on his supercomputing promises involving xAI, which he has... Read more âș
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Six months ago, Freyr Battery announced that the next-generation battery it was developing had hit a snag: The equipment it had ordered to automate production wasnât working properly, and it wasnât clear when it would be. So Freyr wouldnât begin to sell batteriesâand generate revenueâas soon as it had planned. Investors walloped Freyrâs shares, halving their price the day after the Nov. 9 announcement. Read more âș
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Elon Musk has said publicly that his artificial intelligence startup xAI will need a whopping 100,000 specialized semiconductors to train and run the next version of its conversational AI Grok. To make the chatbot smarter, heâs recently told investors xAI plans to string all these chips into a single, massive computerâor what heâs calling a âgigafactory of compute.â In a May presentation to investors, Musk said he wants to get... Read more âș
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Welcome, Weekenders! In this newsletter: Where techies should go to vacation this summer Book recommendations galorePlus: What men and women should wear to Sun ValleyThese words were written at a cruising altitude of 34,000 feetâor at least thatâs where Captain Pat said we were a few minutes ago. Like many of you, Iâm using the long weekend to get out of town. Waaay out of town, actually. Like many of... Read more âș
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âA lot of times men donât really realize what theyâre capable of pulling off,â Andrew Weitz was saying over the phone. âBut the game has changed these days and if they donât keep up with fashion, theyâre going to get left behind.â Weitz knows of what he speaks, being a noted menâs style consultant who dresses many top entertainment executives and tech savants in Los Angeles, New York and Northern... Read more âș
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From the U.S. Open to Art Basel, to the conclaves of Sun Valley and Cannes, the summer months are rife with networking opportunities. Theyâre also hot, sticky and known for air conditioning set to full blast. Throw in frequent travel and the sheer range of dress codes, and the question of what to wear can become tricky at best. The answer? âItâs all about an effortless, gentle vibe thatâs not... Read more âș
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21.06.2026 06:52
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