Welcome, Weekenders! In this newsletter:âą The Big Read: Meet the father of Claude Codeâą Artificial Intelligence: The hijinks around tokenmaxxing ⹠Plus, Recommendationsâour weekly pop culture picks: âWho Blew Up the Georgia Guidestones?â âThose Who Are About to Dieâ and âIt Was Just an AccidentâOver a good many years, âSilicon Valley,â the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more âș
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As the saying goes, âYou can tell a lot about a person by the type of sword they keep near their desk.â Thatâs certainly true for company founders like Jason Kingsley of the gaming studio Rebellion Developments. For others, keepsakes veer more toward de-stressing objects, like ClĂ©ment Kerstenneâs deck of cards, or inspirational items, like Arianna Huffingtonâs bronze sculpture of Marcus Aurelius. In this monthâs âFounderâs Keepers,â we ask seven... Read more âș
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Clayton Kim first bonded with his boss, Fount CEO Andrew Herr, over âthe crazy shit that weâve tried on our own bodies.â Kim, the health and performance startupâs chief technology officer, has done much to his body. I witnessed one small act of craziness when I recently visited Kimâs home, which also doubles as Fountâs makeshift office, in Marina Del Rey, Calif. There, Herr and I watched as Kim, who... Read more âș
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Hi, welcome to your Weekend! This is Abe filling in for Jon, who returns as Weekender-in-Chief next Saturday.If the cars, brain implants and spaceships donât pan out, Elon Musk has a promising future as a fear-monger. His was the leading name attached to a widely discussed open letter published this week that urged a halt in artificial intelligence research, warning that AI poses âprofound risks to society and humanity.â Quickly,... Read more âș
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ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021, according to two people with knowledge of the figure. The 2022 result, which hasnât previously been reported, is significant because most technology companies with that kind of revenue experienced a marked slowdown in growth last year. It also means ByteDance revenue is on par... Read more âș
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In late September 2022, Ryan Crownholm, a 46-year-old entrepreneur from Los Angeles, donned a pair of plush surgical scrubs and hopped onto a stainless-steel MRI table at Prenuvo, a fast-growing chain of body-scanning clinics. Crownholm, the founder of landscaping service DirtMatch, was undergoing an elective MRI, which cost him $2,500 and would generate a full 20-page set of diagnostics about his nervous, circulatory, digestive, urinary and musculoskeletal systems. âIt felt... Read more âș
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On a rare rain-free afternoon this spring, Richard Socher stood atop a hill, surveying the direction of the wind. The wind often interests Socher, the 38-year-old co-founder and CEO of search engine You.com, because in his spare time he likes to fly around on a paramotor, a parachute-like contraption supported by a backpack propeller. We were standing at one of his launch spots, a short hike from the 40-acre ranch... Read more âș
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Welcome back!OpenAI has been the talk of the tech world in recent months, following the release of the ChatGPT chatbot in November and GPT-4, the newest edition of its machine-learning model, earlier this month. Its pace of product releases is impressive, especially from a company that started as a nonprofit research organization. My colleague Jon detailed a key reason in an article accompanying our OpenAI org chart earlier this week.... Read more âș
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The crypto industry is littered with the corpses of now-shuttered businesses. Among the survivors, at least so far, is Bakkt, a crypto company founded by New York Stock Exchange owner Intercontinental Exchange. But after a previously unreported second round of layoffs earlier this month, a slew of executive exits and the shuttering of its consumer app, few would be betting on Bakkt. Yet Bakkt isnât giving up. Last November it... Read more âș
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So here is a question: If you develop some software and train it on random material from the internet to make it smarter, do the creators of that material have any right to the software?What happens if you are Google and you train your software with public conversations generated from a chatbot made by OpenAI, one of your main competitors, which has been hiring your top talent? Is that smart?... Read more âș
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Gumroad, which provides tools to creators including landing pages and help with product sales, recorded the largest monthly profits in its 11-year history in recent months after raising prices.Gumroad recorded net income of $82,270 in January, Sahil Lavingia, Gumroadâs founder and CEO, told its crowdfunding investors and creators Thursday in a presentation that was available via Zoom. Net income jumped to $834,422 in February, after Gumroad increased its prices. Revenue... Read more âș
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Weâre three weeks past the start of a once-in-a-generation banking crisis that saw the demise of a core startup institution, Silicon Valley Bank. Neobanks are feeling bullish: They picked up billions in new deposits in whatâs been their biggest-ever period of growth. As a result, investor interest in their businesses is picking up again. The winners included credit card and cash management startup Brex, banking startup Mercury and even smaller... Read more âș
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When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didnât turn to a bank, and it didnât get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financingâone that has been making its way into more and more multibillion dollar deals. Read more âș
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Alphabet. Salesforce. Microsoft. IBM. Zoom. Meta Platforms. Amazon. The list goes on. More than 300,000 people laid off just in technology, just in the past year, and the number keeps growingâDisney, Goldman Sachs, Philips, Boeing, Meta (again), Amazon (again), even McKinsey. Seems like everyone is joining the layoff bandwagon. Many, indeed virtually all, of the companies that have announced layoffs are still making money and have strong balance sheets. They... Read more âș
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Jamie Dimon wonât run JPMorgan Chase forever, and Marc Andreessen will one day give way to the next generation of investors. The Information has identified the bankers, executives and investors who could replace them by stepping into the upper echelons of the finance industry in the years to come. They are The Informationâs New Financial Power Brokers: the people who will run financeâeither by standing in the spotlight or by... Read more âș
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Tension over the $369 billion climate law boiled over Wednesday, with Sen. Joe Manchin (D-W.Va.) threatening to sue to stop implementation of the legislation if he believes the White House is doing it the wrong way. His admonishment came ahead of the Biden administrationâs scheduled release of guidance Friday for which electric vehicles will qualify for $7,500 per vehicle in consumer tax credits.Manchin, whose staff wrote key parts of the... Read more âș
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Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscarâs long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low baseâthe stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,... Read more âș
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OpenAIâs success in overtaking Google with an artificial intelligenceâpowered chatbot has achieved what seemed impossible in the past: It has forced the two AI research teams within Googleâs parent, Alphabet, to overcome years of intense rivalry to work together. Software engineers at Googleâs Brain AI group are working with employees at DeepMind, an AI lab that is a sibling company within Alphabet, to develop software to compete with OpenAI, according... Read more âș
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As TikTok faces threats of a ban in the U.S., its China-based parent company ByteDance has been courting creators for Lemon8, its app that rivals Instagram. Self-described as a âhobbyist community,â the image-based appâs homepage features TikTok-like âFollowingâ and âFor Youâ feeds, and divides content into categories such as fashion, beauty and travel. Lemon8 has been climbing Appleâs U.S. App Storeâs charts of downloads, soaring to the No. 10 spot... Read more âș
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Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has been gearing up to launch an international cryptocurrency derivatives exchange, according to two people familiar with the matter. The collapse of FTX, one of the top international exchanges with significant market share in derivatives trading, in November opened the door for more potential competitors who are looking to fill the gap. Coinbase, the top U.S. crypto exchange, has also... Read more âș
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Meta Platforms CEO Mark Zuckerberg has branded 2023 the âyear of efficiencyâ for his employees. But rolling layoffs and restructuring aimed at streamlining the company are proving to be a major distraction for many anxious employees. Most of the 10,000 people to be laid off in the second round of cuts, announced two weeks ago, wonât be notified until April or May, Meta has said. That delay has created a... Read more âș
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13.04.2026 08:16
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