Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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Anthropic has received investment interest at a valuation above $900 billion, according to a person familiar with the matter. An investment at that level would more than double a February valuation of $380 billion. However, the company has not formally started a fundraise, said the person ... Read more ›
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Amazon Web Services’ revenue rose 28% in the first quarter to $37.6 billion, the cloud giant’s fastest growth rate in nearly four years. Amazon’s overall net sales increased 17% to $181.5 billion in the first quarter, an acceleration in growth from 14% in the fourth quarter. Growth also ... Read more ›
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Microsoft revenue grew 18% to $82.9 billion in the first quarter, 1 percentage point higher than its growth in the prior quarter, the company said Wednesday. Growth also slightly accelerated in its Azure cloud and Office 365 commercial businesses, which the company attributed to growing demand ... Read more ›
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Meta Platforms raised its 2026 capital spending forecast again, underscoring rising infrastructure costs as it continues to scale its artificial intelligence and data center investments. The parent company of Facebook, Instagram and WhatsApp announced the increase Wednesday as it reported ... Read more ›
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Alphabet reported a 22% jump in revenue and strong profit growth in the first quarter, beating analyst expectations as AI drove sales increases across its cloud and search businesses. Google Cloud revenue increased 63% to $20 billion, well outpacing the 48% growth in the quarter before. Google ... Read more ›
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The European Commission said Meta Platforms failed to prevent children under 13 from accessing its Instagram and Facebook services as it is required to do, potentially breaching the region’s law. In preliminary findings from its nearly two-year investigation, the EU said on Wednesday that both ... Read more ›
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PayPal is reorganizing its corporate structure to make Venmo a standalone business unit, CNBC reported Wednesday, making it easier to potentially sell off. Venmo is considered to be the most valuable part of PayPal’s business because of its consumer base of around 100 million and its growth ... Read more ›
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The CEO of T-Mobile, which is the only mobile network in the U.S. to offer SpaceX’s Starlink Mobile for backup service in areas not served by cell towers, says the service is seeing “a lot less usage” than it originally expected. Gopalan made the remark on T-Mobile’s earnings call with analysts ... Read more ›
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OpenAI is banking on subscribers to a cheaper, ad-supported ChatGPT subscription will drive revenue from advertising over the next several years, The Information reported late Tuesday. Earlier this year, OpenAI forecast that consumer subscribers to ChatGPT Go, which costs $8 a month in the U.S. ... Read more ›
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Meta is launching stablecoin payouts for creators, using Stripe as its payment provider, according to its webpage. Meta is offering Circle’s stablecoin on the Solana and Polygon blockchain to pay out creators, starting with those in Colombia and Philippines, the webpage shows. Once creators ... Read more ›
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SpaceX’s Starlink satellite internet service quadrupled its individual subscribers between 2023 and 2025—but the average revenue each subscriber brought in fell 18% to $81 a month in that period, a draft version of SpaceX’s initial public offering prospectus shows. The decline in Starlink’s ARPU reflects the service’s introduction of cheaper plans and expansion outside North America, where average prices tend to be lower. SpaceX says in the prospectus that it... Read more ›
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Bankers and investors, especially when they are sitting in front of an audience, are not shy about offering their opinions. Yet when I asked a panel of money types at our Financing the AI Revolution conference on Monday about risks in the current market, I got near silence.We had been discussing the billions of investment dollars pouring into AI. The question was: “Anytime there’s a boom, there are risks built... Read more ›
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Blackstone is folding its growth equity business into a new unit called BXN1 that will focus on AI-related investment, according to an internal memo reviewed by The Information. Jas Khaira, Blackstone’s head of Americas for tactical opportunities, will relocate from New York to San Francisco to ... Read more ›
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AI developers have been desperately scrambling to get ahold of Nvidia server chips lately, as we wrote last week. When developers do get the graphics processing units, they’re under a lot of pressure to wring as much performance as possible from that expensive hardware.That’s easier said than done. Training AI models can be “bursty,” meaning that there can be sudden spikes in GPU usage followed by periods of lower activity... Read more ›
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If there was ever a time to be buying cybersecurity stocks such as CrowdStrike and Palo Alto Networks, this would be it. A spate of hacks has hit high-flying startups this month, including data-labeling firm Mercor and software development company Vercel. Also this month, Anthropic announced it had developed an AI model, Mythos, that it deemed “too powerful” for a full public release. Mythos identified thousands of previously unknown cybersecurity... Read more ›
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Benchmark’s investment in the startup behind the AI agent Manus drew flack last year from some venture capitalists who viewed the investment in the company, which was founded in Beijing, as a national security risk. But when Meta said in December that it was buying the startup, called Butterfly Effect, for over $2 billion, the early-stage venture capital firm’s bet seemed to pay off. Celebrating that deal may have been... Read more ›
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Talk about out of touch with reality. Investors slammed the tech sector on Tuesday, spurred in part by a Wall Street Journal report that OpenAI had missed some internal revenue projections. Among the biggest to take a hit were two cloud firms that depend heavily on OpenAI for business: Oracle and CoreWeave, whose stocks fell 4% and 5.8%, respectively. It seems investors were surprised by the idea that all might... Read more ›
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After two years, myriad legal filings and countless Tweets, Elon Musk had the chance Tuesday to air his anger at OpenAI in court. The world’s richest man, who is claiming OpenAI breached a charitable trust, used his testimony to drive home his argument that the case will set precedent for ... Read more ›
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For three years, OpenAI has generated most of its revenue from people paying $20 a month for subscriptions to ChatGPT. This year, it is forecasting a massive shift, expecting a cheaper, ad-supported tier will both draw new users and cause tens of millions of its paying subscribers to downgrade, according to previously undisclosed projections. The company’s hope is that it will make more money by selling ads shown to more... Read more ›
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Robinhood shares fell more than 6% in after-market trading after reporting a 47% plunge in crypto trading revenue from a year ago. Despite the slump, record volumes in prediction markets lifted Robinhood’s total revenue 15% to $1.07 billion. The result shows individual traders that use Robinhood ... Read more ›
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28.07.2026 12:51
Last update: 12:45 EDT.
News rating updated: 19:40.
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