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 Commodity Futures Trading Commission kicked off the week in a massive way with its lawsuit against Binance, which charged the global crypto exchange with violating U.S. derivatives trading laws. A lawsuit full of juicy details and internal messages is never good, especially just a week after Binance ended a price cut that had boosted trading volumes. Binance had launched zero-free spot trading between popular tokens in July, but that... Read more ›
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If satellite internet providers like SpaceX’s Starlink have their way, the skies are going to get a lot more crowded with their orbiting antennas in the coming years—so crowded that it’s worth exercising a bit more skepticism about how many will actually get off the ground. Just last Sunday, British internet company OneWeb launched three dozen new satellites, completing a constellation of more than 600 such objects it has sent... Read more ›
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Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually get an... Read more ›
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Torch Capital, an early-stage venture firm, raised $200 million for its second fund, The Information is first to report. The New York-based firm, which has $400 million in assets under management, has backed startups including investing platform Acorns, real estate company Compass and salad chain Sweetgreen. Its creator economy investments include Kyra, a video content studio that connects creators with advertisers; Lili, a banking startup aimed at freelancers; and Durable,... Read more ›
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At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the Workspace... Read more ›
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Mention the term “blockchain infrastructure” at a party and you’re likely to meet blank looks. Unless, that is, you’re hanging out with a group of crypto venture capitalists. As investors have pulled back from high-profile crypto names, unnerved by the collapse of firms like FTX, the appeal of crypto infrastructure, or software that helps power the back end of blockchains, has never been stronger. Investors are gravitating more than ever... Read more ›
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors and no fixed headquarters. Its executives routinely discuss all... Read more ›
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I’m getting a lot more texts about whether I think TikTok will be banned following CEO Shou Zi Chew’s Congressional hearing last week. The growing possibility is starting to spook creators and businesses who use the short-form video app. Golin, a major PR firm that hires creators on behalf of brand clients, asked some clients to hold off on signing sponsorship agreements related to TikTok campaigns in light of Chew’s... Read more ›
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Amazon’s free and easy return policy for the vast majority of its items is a key part of its pitch to consumers, but a new feature the company is rolling out shows it’s trying to get customers to send purchases back less often. Amazon in recent months has started warning customers that an item they’re about to buy has been “frequently returned,” suggesting customers check “the product details and customer... Read more ›
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The Commodity Futures Trading Commission sued crypto exchange Binance and its CEO, Changpeng Zhao, Monday for violating U.S. trading laws, the first major lawsuit from a U.S. agency against the world’s largest crypto exchange. The lawsuit alleges that Binance breached multiple laws by encouraging U.S.-based customers to use the trading platform despite the fact that it hadn’t registered with U.S. regulators. It provides the most detailed look yet at Binance’s... Read more ›
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Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network. There is a big question lurking in the background of the media business’s ongoing production budget cuts, layoffs and general sense of struggle: What if the entertainment we love simply can't survive anymore—and what if it’s streaming’s fault? That question might read as extreme. Cable networks still serve 60 million homes in the U.S.—more than 80 million if... Read more ›
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Sam Altman has been the face of OpenAI as it quickly outmaneuvered rivals such as Google to launch cutting-edge artificial intelligence to the public. But the co-founder and CEO delegates broad authority to a handful of lieutenants who have managed its growing workforce, developed new software and integrated it with products made by Microsoft. They have also made it dead simple for thousands of other companies to use the software... Read more ›
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After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. “You can see the void is being filled immediately,”... Read more ›
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Welcome back to The Electric! To those of you receiving the newsletter for the first time, I hope you enjoy this dive into the world of electric vehicles and batteries. I welcome feedback, so feel free to email. For my faithful subscribers, this begins a new publication schedule. For reasons more aligned with the news cycle, we will now publish Monday and Thursday mornings.This week, we look at a fervent... Read more ›
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Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has projected that Twitter will generate... Read more ›
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In the hours after Margaret Mitchell was fired by Google over email in February 2021, she ran to the bathroom and threw up. “I was just so terrified that I was never going to get a job in tech again, that my name had been scarlet lettered,” she told me over an hourlong Zoom this week, calling from her home outside Seattle. That was not the case. In the ensuing... Read more ›
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I’m always 29 at heart,” said Liyia Wu, CEO of ShopShops, a livestream shopping app for fashion, beauty and lifestyle products. But now that she’s actually over 40, Wu is searching for her fountain of youth. She’s one of the many time-starved executives navigating the crowded beauty tech marketplace, which did an estimated $12.5 billion in sales in 2021, according to Grand View Research, and is anticipated to grow nearly... Read more ›
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Hi, welcome to your Weekend!We all have our spot: The one cafe within a 5-minute walk (or a 10-minute drive, if you work in L.A.), where you can grab a quick meeting, sidle up to an acquaintance or eavesdrop on a stranger. It’s the kind of place where you feel like you’re being productive, even when you’re really procrastinating. My favorite coffee hang in San Francisco is Noe Cafe, which... Read more ›
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TikTok and some companies that work with the popular app have shifted into damage control mode after a rancorous Congressional grilling of TikTok CEO Shou Zi Chew failed to allay lawmakers’ concerns that its Chinese parent, ByteDance, poses a national security risk. Golin, a major public relations firm that hires creators on behalf of brand clients, on Friday asked some clients to hold off on signing sponsorship deal agreements related... Read more ›
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Dealmakers who gathered in New Orleans this week are hopeful that the prolonged deals freeze will thaw this year—and that the tech sector in particular holds plenty of companies ripe for acquisition. That may be a case of optimism transcending reality. On panels and in coffee chats at the annual Tulane Corporate Law Institute conference, attorneys and bankers in mergers and acquisitions fretted about the prolonged slowdown, which they pin... Read more ›
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13.04.2026 09:56
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