Welcome, Weekenders! In this newsletter:• The Big Read: Meet the father of Claude Code• Artificial Intelligence: The hijinks around tokenmaxxing • Plus, Recommendations—our weekly pop culture picks: “Who Blew Up the Georgia Guidestones?” “Those Who Are About to Die” and “It Was Just an Accident”Over a good many years, “Silicon Valley,” the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more ›
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The last time Disney CEO Bob Iger and Comcast CEO Brian Roberts tangled, in a battle for control of 21st Century Fox’s entertainment business, Roberts came off second best. But as they prepare for their next contest, over ownership of streaming service Hulu, it’s the Comcast CEO who appears to have all the leverage. Next January, Comcast has the right to sell its 33% stake in Hulu to Disney, the... Read more ›
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Greg Brockman needed a win. In 2017, Brockman—then chief technology officer of OpenAI, a 50-person nonprofit at the time—was worried about getting left in the dust by bigger rivals like DeepMind, an AI lab owned by Google’s parent company, Alphabet. He also was concerned that OpenAI might fall into the trap that had ensnared other artificial intelligence labs, where researchers fiddled around with projects that were never put into practice.... Read more ›
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In September 2020, Tesla CEO Elon Musk, right, and his deputy, Drew Baglino, laid out a case for making battery electrodes in a completely dry process. Photo: Courtesy TeslaIn a fresh attempt to produce $25,000 electric vehicles, Tesla has hired manufacturing specialist Matt Tyler to jump-start its stalled efforts to cut the cost of making batteries. As Tesla’s “director of dry electrode development,” Tyler is taking on a key challenge... Read more ›
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It’s become a major refrain among several U.S. tech leaders that the U.S. can’t let China win in artificial intelligence. And so it is pretty interesting that leading venture firms funded by U.S. endowments and other institutional investors are putting money into the most promising young AI startups in China. In an important piece in The Information today, Juro reported from Hong Kong that Sequoia’s China arm had quietly backed... Read more ›
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Until November, Priyanka Naik’s career as a food blogger took place around the sidelines of her main job at Twitter, where she most recently led the social network’s North American and Latin American partnerships with large companies developing products with its API, or backend to its tweet data. But after she lost that position in layoffs that followed Elon Musk’s takeover, Naik decided to focus solely on building her own... Read more ›
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Stablecoins have been in the spotlight recently, thanks to regulatory crackdowns and chaos in the traditional financial sector, and investors have been pulling money out of some stablecoins at a staggering pace. To recap what’s been going on: The New York State Department of Financial Services in February ordered Paxos to stop issuing the Binance-branded stablecoin BUSD, and Paxos cut ties with the crypto exchange. And Circle’s USDC briefly plunged... Read more ›
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Tiger Global Management, the most prolific investor in private tech companies during the recent boom, also invested in dozens of venture capital firms as it sought to forge closer ties to the young startups those funds backed. But in recent months, the New York–based investment firm has been looking to dump some of those VC fund stakes. The firm has been working with banks to sell some of its VC... Read more ›
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A boom in artificial intelligence startup funding sparked by OpenAI has spilled over to China, the world’s second-biggest venture capital market. Now American institutional investors are indirectly financing a rash of Chinese AI startups aspiring to be China’s answer to OpenAI. The American investors, including U.S. endowments, back key Chinese VC firms such as Sequoia Capital China, Matrix Partners China, Qiming Venture Partners and Hillhouse Capital Management that are striking... Read more ›
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Who says there are no laughs in tech business news? Our scoop today that Amazon, the premier online retail website, was marking products made by big companies and foreign sellers with a label meant to denote small U.S. businesses has a comedic side (make sure you check out the anecdote about Chomps jerky). But there’s a serious angle here. Over a period of nearly 30 years, Amazon has won over... Read more ›
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A few weeks ago, I asked readers to submit their questions about the creator economy. Let’s dive into a few of them today, and please keep the questions coming!1. Is Instagram dead? What should they do to stay relevant? —Anonymous subscriberAny eulogies for Instagram are premature. While the app has had plenty of stumbles in its fight against TikTok, recently it seems to be finding a better groove. It’s not... Read more ›
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Smash Capital, a late-stage investment firm co-founded by Disney veterans including Kevin Mayer, is seeking to raise as much as $500 million in fresh capital, according to two people familiar with the matter. The new fundraising would supplement half a billion dollars the fund previously raised. The fund, which is separate from Mayer’s Blackstone-backed venture, Candle Media, invests in consumer internet and technology startups. Its portfolio includes stakes in Epic... Read more ›
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After slouching toward a sluggish end of 2022, technology mergers and acquisitions look to be showing new signs of life. That activity coincides with a continued rise in shareholder activism as value-oriented investors take advantage of the paradigm shift in valuations to demand higher profits and cash flow margins. Amid tightened market conditions and the still-looming potential of an economic recession, balance sheet health is now under a microscope. With... Read more ›
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What do a bottle of shampoo made by Johnson & Johnson, a lamp from a Chinese seller and an Arc’Teryx jacket all have in common? Amazon has labeled them all as coming from American small businesses. Amazon began adding a “Small Business” badge to items on its U.S. site about a year ago, pitching it as an effort to “help customers who want to support small businesses while also enjoying... Read more ›
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There’s no AI (and perhaps not too much human intelligence) involved in either World Wrestling Entertainment or Endeavor’s Ultimate Fighting Championship. But for sheer spectacle, today’s proposed merger of the two companies beats anything going on right now in tech—and we’re not talking just about what’s on the screen. Vince McMahon’s maneuvers over the past few months to take back control of WWE from his daughter, despite misconduct allegations, could... Read more ›
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Public figures ranging from celebrities to journalists braced for their blue check marks on Twitter to disappear over the weekend if they weren’t paying for Twitter Blue, its subscription service. For the most part, this didn’t happen. Instead, the social network simply decided to update the description of verified accounts. But some rivals are using the disarray to talk up their own verification systems. Koo, an Indian microblogging service, announced... Read more ›
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For several years, venture capital firms have been cagey about whether they have raised money from Saudi Arabia, following the 2018 murder of Washington Post columnist Jamal Khashoggi in one of the country’s consulates. The Saudis, for their part, are no longer keeping quiet. The venture arm of the Saudi Public Investment Fund, the country’s $620 billion sovereign wealth fund, has begun disclosing on its website its partnerships with nearly... Read more ›
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OpenAI has for years relied on a small, nimble team, composed primarily of researchers, to develop impressive artificial intelligence models rivaling those from Google and Microsoft. Now the seven-year-old startup is acting more like a traditional enterprise software company by building a sales team and aggressively courting customers to use its AI. The company’s transformation from research-focused startup to deal closer began last year. Months before its ChatGPT chatbot seized... Read more ›
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Salesforce has always been known for internal power struggles. Now, as the dust settles from the January departure of Bret Taylor as co-CEO, at least two senior executives are vying for a wider range of responsibilities, perhaps anticipating the day CEO and co-founder Marc Benioff finally steps aside. Srinivas Tallapragada, chief engineering officer, and David Schmaier, chief product officer, have become more visible in recent months, according to two people... Read more ›
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Last week, the Biden administration released near-final rules governing how companies and consumers can tap hundreds of billions of dollars in U.S. tax credits meant to spur the rise of a mine-to-factory electric vehicle battery industry. But companies including Ford and Tesla have rushed ahead of the rules, in the process helping to reveal what a U.S.-focused industry might look like. So far, Ford’s and Tesla’s bets appear to be... Read more ›
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After slashing its private stock price four times last year, Instacart is feeling better about itself. The grocery delivery firm, whose business skyrocketed during the pandemic but later cooled off, in late February raised its internal stock price 18% compared to December, according to a person with direct knowledge. While the company’s private share price for employees is likely still down roughly 70% from two years ago, the move could... Read more ›
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13.04.2026 08:16
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