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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The promise of Starlink is simple: You, city dweller, dream of holing up in a cabin, sailing the high seas or vagabonding across the country in an RV. But youâre still going to need an internet connection. Enter Starlink, the satellite internet provider operated by SpaceX that will beam high-speed internet down to you whether youâre living in the Australian Outback or just camping out of your Subaru Outback. But... Read more âș
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When Shuo Wang was 16, she got her first sales job and learned what she considers the biggest lesson in business. Despite not speaking English well, Wang sold scooters at flea markets in and around Washington, D.C., an offshoot of her motherâs business of selling motorcycles and scooters wholesale. Decades later, Wang attributes many of her sales skills to that first high school job and what it taught her: Itâs... Read more âș
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Meredith Kopit Levien exists in a perpetual yo-yo motion. Most weeks, the CEO of The New York Times Co. spends three days in New Yorkââsometimes more if neededââwhere a pied-Ă -terre gives her easy access to the companyâs landmark Eighth Avenue headquarters. The rest of the time she spends in Washington, D.C., where her family lives and where she keeps a house âin the District.â (âI am offended by people who... Read more âș
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Silicon Valley Bank wasn't just a bankâit was a central artery in the venture capital circulatory system. VC firms recruiting new partners would tell them SVB could set them up with a mortgage in a day. The bank wined and dined the industry in Napa. It sponsored numerous events across the Valley. While other banks that routinely handled huge clients might barely give a startup founder the time of day,... Read more âș
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As the weekend approached, startup founders with money stuck in Silicon Valley Bank raced to sell secondary shares and enter financing deals to meet payroll and other needs, a sign of the desperate dash for funds set off by the abrupt collapse of the tech-centric bank. Many startup founders signed up for loans based on the future revenues of their companies, according to Nathan Latka, CEO of Founderpath, a startup... Read more âș
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Thousands of businesses and investors are panicking after federal regulators on Friday froze their assets at Silicon Valley Bank in what was the second-biggest bank failure in U.S. history. From publicly-traded firms like Roku to privately-held startups like Shield AI, many SVB customers are girding for problems or scrambling to ensure they can make payroll. One thing is certain: their pain will be significantly lessened if regulators find a buyer... Read more âș
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The sudden collapse of Silicon Valley Bank sowed panic at hundreds of startups and venture capital firms that banked there and now must seek new ways to pay employees and access funds from their investors and customers. Founders and VC firms, which also kept billions of dollars worth of assets with SVB, on Friday rushed to figure out whether they could get loans to cover payroll if their funds were... Read more âș
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Frank Luntz, the famed Republican pollster and communications guru, stood in awe listening to himself. âIt sounds like I had a stroke,â Luntz called out from the back of a banquet room at the National Press Club on a blustery evening in downtown Washington. He and around 100 other attendees at the invitation-only gathering were hearing a deepfake version of his gravelly voice as it issued sweeping political proclamations. âNeither... Read more âș
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Welcome back to the Pro Weekly. We hope youâre enjoying The Information Pro. And hereâs a reminder to respond to the new reader survey, for which you received an email yesterday. This week, we added 11 companies to the Cloud Database, bringing the total to 76. Collectively, those companies spend more than $13 billion annually on cloud computing services, most of that at Amazon Web Services, Microsoft Azure and Google... Read more âș
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Bankers have been evaluating a potential sale of Silicon Valley Bank, according to a person familiar with the matter, though itâs unclear whether a potential suitor would step forward at this point to buy a troubled institution whose shareholders and customers are fleeing. Shares of SVB were halted premarket after sliding 63% to $39.40 and didnât begin trading with the rest of the stock market. As recently as Wednesday, the... Read more âș
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The panic over the status of Silicon Valley Bank intensified on Friday, as the stock of SVBâs parent fell another 66% in pre-trading hours. Meanwhile, anxieties spread to China overnight, prompting local venture capitalists and entrepreneurs to follow their U.S. counterparts and look for alternative banks for their U.S. dollar holdings. The fate of SVB is a huge concern in China, the worldâs second-largest venture capital market after Silicon Valley,... Read more âș
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What a panic. You might have thought a new coronavirus had surfaced in Silicon Valley Bankâs Santa Clara, Calif., headquarters, as SVB investors (and, apparently, depositors) rushed for the exits. SVBâs shares fell 60% in regular trading and another 21% after hours. This doesnât seem likely to end well. My best guess is that SVB will get acquired by a bigger bank that can calm everyone down.The pity is that... Read more âș
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Silicon Valley Bank on Thursday told at least four clients that wire transfers could be delayed, and the bankâs support phone lines were recently inaccessible. Other clients reported trouble logging in to the companyâs website to view their account information and make transfers. One founder who reached an SVB customer support agent Thursday afternoon said they were informed that the bankâs âsystems are down, wires are backed up, and there's... Read more âș
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Silicon Valley Bankâs stock was in freefall as I wrote this, down 60%, after it announced a $2.25 billion share sale, partially to counter âelevated cash burnâ at the startups it banks. That news set off a wave of panic, with some VC firms like USV warning their portfolio companies to move their funds, we reported earlier today. CEO Greg Becker had told me last week that the bank was... Read more âș
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Another company is jumping on the artificial intelligence bandwagon: Discord, which is infusing AI into several platform features, including its mascot bot, Clyde. The messaging app commonly used by gamers announced Thursday itâs dipping its toes into OpenAI technology, transforming Clyde into a talkative chatbot that can answer user questions and hold extended conversations in real-time, similar to OpenAIâs ChatGPT. Read more âș
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Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to âstay calmâ amid concerns around a capital crunch that wiped nearly $10 billion off the bankâs market valuation. On a call, Becker said that âcalls started coming and started panic.â He added that the bank has âample liquidity to support our clients with one exception: If everyone is telling each other SVB is in... Read more âș
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In a bid to avoid a U.S. ban, TikTok is embarking on a project to restructure its product and operations in the country. It plans to store local citizen data on local servers, create a domestic entity to house that data, comply with local legal and law enforcement requests for data, limit the flow of data across national bordersâand spend billions of dollars to make all of this possible. In... Read more âș
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Elon Musk fanned a growing culture war in artificial intelligence by confirming last week that he plans to develop an âanti-wokeâ alternative to OpenAIâs ChatGPT, as The Information first reported. Musk and other critics have a point, said Greg Brockman, OpenAIâs co-founder and president. In an interview, he said the startup did not move quickly enough to give users greater ability to customize the behavior of the chatbot, which has... Read more âș
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Hereâs an idea for Meta Platforms as we wait for the company to unveil another round of layoffs: Mark Zuckerberg should reverse his decision to change the name of the company to Meta. That label might have made sense (at least to him) back at the height of the boom times, in the fall of 2021, when his focus was all metaverse, all the time. The Facebook brand felt a... Read more âș
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Over the past two years, Spotify became known for pricey, exclusive deals with popular podcasters, including Joe Rogan, Alex Cooper and Emma Chamberlain. But the audio streaming company also wants to help a broader swath of podcasters, an effort that was center stage at Spotifyâs annual Stream On event in Los Angeles on Wednesday. Spotify announced a revamped TikTok-like home feed, with a vertical, video-heavy scroll. This will change the... Read more âș
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13.04.2026 13:02
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