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
0
OpenAI has hired two Silicon Valley veterans in finance and product roles as it prepares to launch new consumer products and a high-profile partnership with Apple, according to a person with direct knowledge of the hires. Sarah Friar, who was most recently the CEO of Nextdoor, a social network for neighborhoods, is joining as the companyâs first chief financial officer. Kevin Weil, who previously headed up product at Twitter and... Read more âș
5
When Squarespace announced a deal to be taken private by private equity Permira for $6.9 billion last month, it ended an unhappy three-year chapter as a publicly listed company for the DIY website maker. Squarespace was one of the more than 100 tech firms that went public during the frothy days of 2021. Like many of those firms, the IPO has proved a dud. Squarespace went public at $50 but... Read more âș
21
Excitement this morning about Apple's planned reveal of artificial intelligence features during its WWDC event for app developers is more than warranted. While it might not be as mind-blowing as the Kling AI video teasers from Chinaâs Kuaishou last week, Appleâs expected improvements to Siri; new tools to let people automatically generate responses to emails and texts; and a possible chatbot app powered by OpenAI will be a crucial test... Read more âș
0
China-founded fast fashion giant Shein lifted its net profit margin even as it posted slightly faster revenue growth in 2023, two people with direct knowledge of its finances said. That performance should help Shein lure investors for a highly anticipated initial public offeringâif it can convince regulators to sign off. Shein recorded $32.2 billion in sales last year, up 40%, compared with 37% growth in 2022, despite rising competition from... Read more âș
22
Mercedes-Benz and Stellantis last week froze construction of two European battery gigafactories they were building through a joint venture. The companies want to take a fresh look at the plants in hopes of reducing the price of their electric vehicles, driven in large part by the cost of the batteries, the most expensive component in an EV. If they can reduce the cost of their batteries, perhaps they can sell... Read more âș
0
Open-source software has become a big business, even for some of the nonprofit organizations dedicated to coordinating the far-flung communities of programmers that contribute to open-source projects, usually without pay. Thatâs especially true of the Linux Foundation. That organization, which oversees the development of the Linux operating system, has seen its revenue soar over the 17 years since it formed, as it has grown to encompass hundreds of other open-source... Read more âș
3
Welcome, Weekenders! In this newsletter:A lone shining light in food techâs dark ageThe best summer camps for grownupsPlus: A tremendous trek through the Grand Canyon; âSuccessionâ in breeches and gowns; and a gamified interview show.Venture capitalists excel at many things. For starters, theyâre quite good at losing other peopleâs money. Theyâre also quite good at taking deep bows and patting themselves on the back when they actually manage to make... Read more âș
0
Itâs early June, which means the kids are getting excited for months of uninterrupted summer playtime and pursuits. That begs the question: Why should they get to have all the fun? For many of those kids, a portion of that happens at summer camp. (And we had suggestions about those camps a few weeks ago.) For many grownups, a dose of summer camp-style living may be just what they need... Read more âș
6
In just over a year, artificial intelligence startup Harvey raised three investment rounds to develop software that takes the drudgery out of legal paperwork. Now the company wants an even bigger war chestâone that could help it acquire other companies. The San Francisco startup has been talking to investors about raising $600 million at a valuation of at least $2 billion, more than double its valuation from a December financing,... Read more âș
23
This was Jensen Huangâs week. As we saw when he appeared at the Computex conference in Taipei this week, Huang is now a fully fledged celebrity CEO. (See Qianer Liuâs report on Computex below). Fittingly, Nvidia also this week briefly passed Apple as the second most valuable company, with a $3 trillion market capitalization. Itâs extraordinary that someone who runs a company that two years ago most people wouldnât have... Read more âș
0
Welcome to Episode 50! We haven't shied from talking about how brutal the startup market is right now. But that doesn't mean there aren't great things to build. So, this week we shared some thoughts on what WE would build, starting with a sector close to our hearts: media. Plus, Brit on the Life360 US IPO and my attempt to up my merch game. Apple Spotify YouTube Read more âș
0
Three years before Reddit went public in March, CEO Steve Huffman made a big hire. He tapped Drew Vollero to be Redditâs first chief financial officer, after Vollero had shepherded Snap as its CFO through an initial public offering in 2017.Vollero is one of the 31 top executives included in the Reddit Org Chart we published earlier today. Like Vollero, almost two-thirds of those leaders spent time at other digital... Read more âș
0
Ahead of its initial public offering in March, Reddit trumpeted its digital advertising business, which accounts for nearly all of its revenue. So itâs fitting that nearly two-thirds of its top executives previously worked at companies that sell digital ads. At least 19 of the companyâs 31 top executives previously worked at Google, Meta Platforms, Snap or other companies that sell ads, according to The Informationâs new Reddit Org Chart.... Read more âș
0
Has Nvidia peaked? Thatâs a question investors may be pondering today, after The New York Times report that the U.S. antitrust police have decided to open an inquiry into the chip maker. (Itâs surely coincidental that the report came a day after Nvidia passed $3 trillion in market capitalization, making it the second most valuable company, above Apple and behind Microsoft, although it fell today just below Apple). It sometimes... Read more âș
0
Itâs been pretty bleak for venture capitalists in China over the last two years. U.S. pensions and endowments halted investments. Existing investors demanded cash distributions. Fundraising plunged. But lately Chinaâs venture capitalists have decided they canât wait until the downturn passes to hit the fundraising circuit.Several China-based fund managers are raising new U.S. dollar-denominated funds, according to a limited partner and a fundraising adviser who have spoken with these fund... Read more âș
0
Googleâs YouTube is now in the thick of upfront negotiations with advertisers, a period when networks and streaming services like Netflix compete for billions of dollars in ad-spending pledges. YouTube can trumpet the fact that more people in the U.S. are watching the app when they turn on a TV than any other streaming service.In fact, YouTube has been pressing that point with advertisers over the last few weeks, current... Read more âș
0
The open-source artificial intelligence community has been buzzing over allegations that three U.S.-based developersâincluding two Stanford University undergraduatesâcopied parts of a multimodal large-language model developed by a Chinese lab founded by Tsinghua University and Beijing-based AI startup ModelBest.This incident might seem trivial to many onlookers, especially compared with higher-profile examples of developers ripping off AI models. But it has struck a chord with the industryâperhaps because t Read more âș
0
Franklin Templeton, the 77-year-old mutual fund heavyweight named in honor of founding father Benjamin Franklin, is exploring launching a new crypto fund that will invest in a range of tokens beyond bitcoin and ether, according to people with direct knowledge of the effort. While some traditional asset managers like BlackRock and Fidelity have launched exchange-traded funds investing in bitcoin and are planning for an ether ETF next, Franklin Templeton would... Read more âș
0
A few weeks ago, at a former jellybean factory in Emeryville, California, I tasted what may be the future of food: the lab-grown, or cultured, meat produced by Prolific Machines, a four-year-old startup that has been operating in secret while it develops its technology. âLast night, I worried what you were going to think,â admitted cofounder Declan Jones, 30, a funny Englishman clad in a purple tie-dyed Alice Coltrane t-shirt.... Read more âș
0
Mercedes-Benz, aiming to introduce next-generation solid state batteries into its electric vehicles by 2026, said it has moved into advanced tests of a battery developed by Massachusetts-based Factorial Energy. The move comes amid increasing industry and investor skepticism about the mass-market potential of most next-gen EV batteries. Read more âș
3
Most popular sources
ScienceDaily
|
0% |
Startup News
|
0% |
Tech Wire Asia
|
0% |
Tech.eu
|
0% |
Irish Tech News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
01.07.2026 18:42
Last update: 18:30 EDT.
News rating updated: 01:32.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.