Welcome, Weekenders! In this newsletter:• The Big Read: The tech elite are using AI to supercharge their cancer battles • Artificial Intelligence: Should AI and Christianity mix? • Tech Culture: Amid AI backlash, billionaires demand new breed of bodyguard—plus, inside the star-studded Breakthrough Prize gala • Plus, Recommendations—our weekly pop culture picks: “Family Lore,” “The Long Run” and “Scream 7”Let’s get straight to one of the biggest happenings at Google... Read more ›
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Figma shares soared as much as 16% in after hours trading Wednesday as the design software company reported a slight acceleration in fourth quarter revenue growth of 40%, up from 38% in the third quarter. The results could reassure investors who have been dumping software stocks over concerns of ... Read more ›
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Meta CEO Mark Zuckerberg testified in a Los Angeles courtroom for several hours on Wednesday morning, rebutting questions from lawyers for a young woman who has sued Meta and other tech companies alleging her social media addiction led to depression and suicidal thoughts. As of Wednesday ... Read more ›
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Meta Platforms plans to release its first smartwatch in 2026, according to two people familiar with the matter. Meta’s plans come as other big tech companies, including Apple, OpenAI and Google, are stepping up their plans for new consumer devices. The company has revived a previously shelved smartwatch project, now code-named Malibu 2, and intends to release it later this year with health-tracking features and a built-in Meta AI assistant.... Read more ›
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Snap said its subscription business had hit a $1 billion annualized revenue run rate, as the number of people paying for a Snapchat+ subscription passed 25 million. The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters. In 2025, Snap’s ad ... Read more ›
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A soon to be listed Robinhood fund that invests in private startups could lay a path for Silicon Valley—including VC firms—to raise more money from individual investors. Robinhood is raising $1 billion for the fund, which has the New York Stock Exchange ticker of RVI. The fund, Robinhood says, will invest in “best-in-class” private companies like Stripe, Databricks and Ramp. Those companies are largely off limits to everyday traders that... Read more ›
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Perplexity is no longer offering ads, an executive told The Financial Times. The AI search startup is pulling back from this line of business as rival OpenAI started showing its users ads in ChatGPT conversations earlier this month. The company said it was worried ads would undermine users’ ... Read more ›
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A new holy grail has emerged in the AI industry in recent months: continual learning, or the promise of AI that’s able to learn from real-world experience the way humans do, without having to undergo long formal training processes that require tons of computational power and data.And as you’d might expect with the rise of an ill-defined, buzzy term in the tech sector, investors are already telling me that they’re... Read more ›
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Saudi state-backed artificial intelligence firm Humain said Wednesday that it had invested $3 billion into Elon Musk’s xAI as part of a funding round in January. The investment preceded SpaceX’s acquisition of xAI earlier this month, according to Humain. The Saudi AI firm, which is owned by the ... Read more ›
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The battle for AI talent is no longer just about landing the best AI researcher. People with experience developing giant AI data centers suddenly are among the most sought-after professionals in tech right now. While an array of big tech firms and other developers is committing billions to data centers for AI, few people have designed and built centers at the scale now required. Many of the large AI campuses... Read more ›
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OpenAI can shift some of its revenue-sharing payments to Microsoft to later years under the terms of the pair’s recently renegotiated partnership last fall, The Information reported Tuesday. This should reduce the impact of the payments on OpenAI’s cash flow. Last fall, OpenAI and Microsoft ... Read more ›
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Anthropic paid about $1.3 million in revenue share in 2024 to cloud providers for reselling Anthropic’s AI models, The Information reported on Tuesday. That figure is expected to rise to about $360 million last year, $1.9 billion this year and $6.4 billion next year, according to The Information ... Read more ›
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Take that, Sundar Pichai! Three months after we scooped news that Meta Platforms was in talks to spend billions on Google AI chips—known as tensor processing units—for its data centers, Meta and Nvidia unveiled an expanded “multiyear, multigenerational strategic partnership.” Meta is a longtime Nvidia customer, of course, but it is recommitting to using “millions” of Nvidia’s AI chips as well as other Nvidia processors and gear. It’s not clear... Read more ›
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Anthropic expects to pay Amazon, Google and Microsoft at least $80 billion to run its Claude AI on their cloud servers through 2029, according to the startup’s most optimistic recent forecasts. That’s not the only way the tech giants can make money from Anthropic: They get a cut of the revenue Anthropic generates if their customers buy its AI. And that’s a fast-growing source of revenue. Anthropic paid only about... Read more ›
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In case you missed it on Friday, we broke the news that Anduril is in talks to double its valuation to around $60 billion in a new funding round.The round is notable for more than just its price. While Anduril technically has both A and I in its name, it’s not the AI-centric type of startup that typically gets all the investor attention in this current cycle. But it shows... Read more ›
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Atlassian, which sells software that developers and other teams inside companies use to track projects, has frozen hiring for engineers and similar roles, the Australian Financial Review reported. The hiring freeze comes amid a broad selloff in enterprise software stocks driven by fears that ... Read more ›
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Meta Platforms and Nvidia on Tuesday announced a multi-year strategic partnership, in which Meta will use millions of Nvidia chips across its own data centers and through cloud providers. Terms of the deal were not disclosed. Meta, a longtime Nvidia customer, already puts Nvidia GPUs in its own ... Read more ›
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ServiceNow CEO Bill McDermott and other senior executives from the software provider have agreed to cancel pre-scheduled stock sales, and McDermott plans to purchase $3 million in ServiceNow stock later this month, according to a regulatory filing. The moves could reassure investors that ... Read more ›
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Gemini Space Station, the crypto exchange co-founded by Cameron and Tyler Winklevoss, said Tuesday that three of its senior executives were leaving the company. The departures follow a steep decline in its stock from its September IPO. Chief operating officer Marshall Beard, chief financial ... Read more ›
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Benchmark on Tuesday said it had hired Jack Altman, the founder of early-stage firm Alt Capital and HR software company Lattice, as its fifth general partner. Benchmark—known for backing Uber and Snap in its early years—has kept its fund sizes relatively small and continued to operate as an ... Read more ›
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Brokerage stocks were among the latest stocks to sell off last week on fears artificial intelligence would replace the financial institutions’ role as investment advisers. While those worries may be overblown, it’s easy to see why traders are skittish. Take the case of IDX Advisors, a Scottsdale, Ariz.-based asset management firm with around 10 employees. IDX previously used financial analytics and forecasting applications from Morningstar and FactSet as part of... Read more ›
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03.05.2026 11:57
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