Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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Google plans to hire hundreds of engineers to help customers start using its business-focused AI products, according to a person familiar with the situation. Google’s new “forward deployed engineers” will form a new team within Google Cloud, the unit’s chief, Thomas Kurian, said on LinkedIn on ... Read more ›
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For three years, Microsoft was the only cloud provider to sell OpenAI’s large language models to other businesses, an exclusive right it fought hard to preserve after investing $13 billion in the startup. But businesses bought more access to those models from OpenAI directly than from Microsoft over that time, new data show. Even so, Microsoft’s OpenAI bet has paid off handsomely in other ways. Microsoft has already earned back... Read more ›
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The House Oversight Committee has opened an investigation into OpenAI CEO Sam Altman’s personal investments and their ties to OpenAI’s commercial partnerships ahead of the company’s planned initial public offering. At the same time, 10 Republican attorneys general—including from Florida, ... Read more ›
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Google is considering using SpaceX or another rocket launch to launch its experimental orbital data centers, the Wall Street Journal reported on Tuesday. Google was an early SpaceX investor and owned 6.1% of the company at the end of 2025, regulatory filings show. Google aims to launch two ... Read more ›
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Google will start offering buy now, pay later services Affirm and Klarna for AI-powered shopping transactions in its Gemini app and its AI search mode, the rival fintechs announced on Tuesday. The launch is an expansion of both firms’ existing relationships with Google—Affirm has already ... Read more ›
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Alex Shan may not have been old enough to legally buy alcohol in 2023, but he was still old enough to start his own company and join the AI boom.Shan was 20 when he was first introduced to James Alcorn, an investment partner at Lightspeed Venture Partners, through a fellow Stanford University classmate. Shan, who started college at 16, had studied new ways to evaluate and monitor the performance of... Read more ›
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Ebay told investor Ryan Cohen his $56 billion cash and stock bid for the online auction marketplace was “neither credible nor attractive,” delivering an expected rejection. Cohen, the founder of Chew.com who now controls struggling game retail chain GameStop, made the bid early last week. As ... Read more ›
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BuzzFeed is separating its film and TV production studio and its Tasty food video unit into a separate company, BuzzFeed Studios, and will look to attract new investors, the company said in a securities filing. The restructuring coincides with media mogul Byron Allen’s planned purchase of a ... Read more ›
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Chipmaker Cerebras brought in one of the greatest pitchmen in tech, Sam Altman, to appear in a video to promote its $5.5 billion initial public offering. Seated on a gray upholstered couch and speaking softly, the OpenAI chief executive touted Cerebras’ chips as “the best high-speed inference offering in the world right now.” Altman has a strong incentive to tout Cerebras. OpenAI stands to own a roughly 3% stake in... Read more ›
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Chinese social media giant Kuaishou Technology said in a regulatory filing on Tuesday that the company’s board of directors is assessing a restructuring of its Kling AI video business that may involve raising outside capital for the unit, confirming an earlier report by The Information. The ... Read more ›
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OpenAI Chief Financial Officer Sarah Friar has plenty of things to worry about. But paying OpenAI’s early backer Microsoft as much as $135 billion through 2030 as part of a revenue-sharing deal is no longer one of them. OpenAI’s initial agreement to pay 20% of its revenue to Microsoft could have amounted to that much if the ChatGPT maker ended up hitting its long-term revenue goals. But thanks to previously... Read more ›
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Digital media historians will be intrigued by news this afternoon that media mogul Byron Allen is buying control of once-important media outlet BuzzFeed. For more on this unusual deal, see below. Meanwhile... if you’re using mass layoffs as an indicator for AI’s impact on the job market, you may be looking in the wrong place. It might be smarter to look at companies cutting back on hiring, even if they’re... Read more ›
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Billionaire media mogul Byron Allen is to buy control of BuzzFeed for $120 million, rescuing the struggling digital media firm from likely extinction. The company announced the deal while reporting a 12.4% drop in first quarter revenue and a slightly increased net loss. As part of the deal, ... Read more ›
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Circle, the stablecoin issuer of USDC, jumped 16% Monday after reporting revenue growth and announcing a fundraising for its planned blockchain. The company said it raised $222 million for Arc, a stablecoin-focused blockchain, at a $3 billion valuation from investors including a16z crypto, ... Read more ›
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Ilya Sutskever, the OpenAI co-founder and former chief scientist who left two years ago, owns a stake now worth close to $7 billion, he testified on Monday. The figure emerged during the trial in Elon Musk’s lawsuit against OpenAI and Microsoft. A lawyer asked Sutskever to confirm that his stake ... Read more ›
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In his lawsuit against OpenAI and Microsoft, Elon Musk has claimed that the two companies’ deals amounted to Microsoft and OpenAI CEO Sam Altman trying to “steal the charity.” But Microsoft CEO Satya Nadella testified in court Monday that Musk never raised those concerns to him before or after ... Read more ›
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Satisfying AI’s ravenous appetite for power and compute has kicked off a once-in-a-generation infrastructure expansion that is also one of the most expensive in modern history. Nvidia CEO Jensen Huang has estimated a single gigawatt of capacity can cost as much as $50 billion. With McKinsey projecting data center demand could reach 156 GW by 2030, the total investment required could approach $7 trillion. While the need for graphics processing... Read more ›
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OpenAI on Monday announced its $10 billion private-equity joint venture called the OpenAI Deployment Company, which aims to help businesses deploy and integrate AI into their operations. As part of the new company, OpenAI also announced it had bought Tomoro, an AI consulting and engineering ... Read more ›
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Critics of the AI build-out are picking the wrong fight when they attack data centers for their water use. But they are right when they say the digital economy is getting thirstier and the tech industry should answer for it.The whole AI supply chain is water intensive, and reducing use in one place can increase it elsewhere. New research shows chip factories and power plants use considerably more water than... Read more ›
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AI chip designer Cerebras Systems raised its preliminary IPO pricing range to between $150 and $160 a share, from between $115 and $125, in a sign that investor demand for the company is strong. At the new pricing range, Cerebras would raise about $4.5 billion. It would also value Cerebras at ... Read more ›
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28.07.2026 06:16
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