Welcome, Weekenders! In this newsletter:âą The Big Read: Pickleball is the pastâthe tech elite is obsessed with padel. ⹠Plus, an Americana-themed batch of Recommendationsâour weekly pop culture picks: âThe Americans,â âEast of Eden,â âHigh Desert Daydream,â âLonesome Dove,â USA vs. Belgium, and âThe Twilight Zone.â The yearâs midpoint is an apt moment for some studied reflection, and Iâve been thinking about how much has changed in the last six... Read more âș
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If thereâs a tech billionaire the news media hates more than Mark Zuckerberg, it's Elon Musk. That's why you're seeing an unusual deluge of positive coverage for Meta Platforms' Twitter rival app, Threads, which formally launched a short time ago. The positivity wonât last, to be sure. Before too longâgive it a weekâsomeone in the media will discover that Meta is collecting user data on Threads (shocking!) for advertising purposes,... Read more âș
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Creators have told us they would like more texting features to reach fans on the platforms where they already spend timeâand Instagram seems to be listening. Ahead of the rollout of Threads, its text-focused app expected to launch this week, itâs been courting creators. The separate app, which describes itself as a âtext-based conversation app,â allows users to âfollow and connect directly with your favorite creators,â according to its description... Read more âș
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For months, BuzzFeed stock has traded so low that the Nasdaq recently threatened the company with delisting. With BuzzFeedâs effort to sell Complex Networks, a group of websites targeted at people in hip-hop, fashion and sports, CEO Jonah Peretti has the chance to transform Wall Streetâs view of the company. Peretti is asking $150 million for a group of Complex assets, including its annual ComplexCon festival and its video series... Read more âș
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Can you believe it? Weâre already halfway through 2023! To mark the occasion, Aidan Ryan and I caught up with our 2022 list of the most promising startups in crypto, first published in October, to see how theyâve held up.In an industry that has undergone a tremendous transformation, with collapses like FTX and BlockFi and the SEC cracking down on Coinbase and others, itâs worth pointing out that all six... Read more âș
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When OpenAI CEO Sam Altman testified before Congress in May about the existential risks large-language models and other generative artificial intelligence technologies pose to humanity, there was an elephant in the room. Who believes that Congressâin its current state, at leastâis capable of designing and agreeing upon effective rules to manage this complex and far-reaching technology? Case in point: Last week, Senate Majority Leader Chuck Schumer outlined a plan for... Read more âș
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Venture capitalists are becoming a little more demanding of crypto firms. At the height of the crypto boom, venture investors were so focused on winning hot deals that they didnât push for audited financial statements or board seats. Now some are demanding both, venture capitalists and outside accounting providers say. Some are also insisting startups hire part-time finance executives, known as fractional chief financial officers, to watch over their financial... Read more âș
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Gurdeep Pall, a 33-year Microsoft corporate vice president who helped build and promote key products like Windows, Skype and Bing, recently informed colleagues that he plans to retire from the company in September, according to people with knowledge of the matter. Since joining Microsoft in 1990, Pall has served as a high-profile executive under former CEOs Bill Gates and Steve Ballmer and current CEO and Chairman Satya Nadella, frequently appearing... Read more âș
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Itâs that point of the early summer when many in tech and business take a well-deserved break. Aside from the nonstop machinations of Elon Muskâwhose only purpose in life, apart from transforming cars and rockets, seems to be keeping journalists employedâthe most interesting tech news story of recent days centers on Reddit. The siteâs volunteer moderators have been rebelling for weeks at fees the company has imposed on apps that... Read more âș
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Artificial intelligence advances are piquing investor interest in creator economy startups, according to our latest update to the Creator Economy Database.Since we reported preliminary funding for creator economy startups in mid-June, weâve tracked eight more funding rounds raised in the second quarter. Three back startups that use AI-based technology to develop their products and one big one, for Runway, has nearly doubled the quarterly total since we published those early... Read more âș
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Chime aims to undercut traditional banks by being more consumer friendly. Its management teamâs experience reflects that approach. None of the seven executives reporting to Chime CEO Chris Britt has ever worked at a traditional bank. Instead, the team mostly came out of either financial services firms such as Visa and LendingClub or consumer tech such as Ring. Itâs a similar story for Britt, who worked for Visa for three... Read more âș
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In December 2021, Sen. Joe Manchin (D-W.Va.) killed one of President Joe Bidenâs signature initiativesâan extension of the $7,500-a-vehicle consumer tax credit on the sale of electric vehicles, which he said did not need public subsidies. Months later, though, Manchin said he would go along with the subsidiesâif they were tied to a robust effort to build a U.S. battery industry, from mining to metals processing and battery assembly, and... Read more âș
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Pop Up Grocer looks like it was created as much for social media as for real-life shopping. Walking around the bright, checkerboard-floored West Village market one day last month, I felt like I was stepping inside an Instagram post. On an eye-level shelf in the center of the store (prime real estate, as every packaged food distributor knows) was a pair of pastel Magic Spoon cereal boxes filled with gluten-free,... Read more âș
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Hi, welcome to your Weekend.It should be pretty clear by now what a lame idea the whole Mark Zuckerberg vs. Elon Musk cage match was. The spectacle of two middle-aged men working out their self-esteem issues by beating on each other was not worthy of their companiesâor our time. But a pitch from the producers of the Discovery show âBattleBotsâ offered a far more productive use of Mark and Elonâs... Read more âș
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Nvidia in February quietly acquired OmniML, a two-year-old artificial intelligence startup whose software helped shrink machine-learning models so they could run on devices rather than in the cloud, according to a spokesperson and LinkedIn profiles of former OmniML employees who now work at Nvidia. The acquisition could be a sign that the chipmaker, whose data-center server chips have fueled a recent AI boom and enabled chatbots including ChatGPT, wants to... Read more âș
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When I moved to Silicon Valley in 2008, Brit and Dave Morin were two of the first people I met. They were working at Google and Facebook respectively, and I had a lot to learn from them as I set out to understand the world of tech. Soon after, my now husband Sam joined me in the Bay Area, and the four of us became close friends and sounding boards... Read more âș
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On a sweat-soaked New York afternoon over Pride Weekend, a short line formed outside a dark bar on the Lower East Side. After checking customersâ IDs, a boyish-looking bouncer at the front door asked if theyâd downloaded the app they needed to get in: âDo you have Motto?â I pulled up the app, its home screen affixed with the photo of an anonymous manâhandsome, smiling, hairy and shirtlessâand a clock... Read more âș
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It was the worst-kept secret in U.K. tech. For months, the Conservative government of Prime Minister Rishi Sunak had been wooing Sam Altmanâs OpenAI, trying to coax the San Franciscoâbased artificial intelligence firm into opening its first non-U.S. office in London. Then, in early June, two weeks after Altman met with Sunak in his official residence at No. 10 Downing Street, the U.K. government published a press release that claimed... Read more âș
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Welcome back!Iâm Anissa, a reporter on cloud computing for The Information. This week we published numerous updates to our Cloud Database, which tracks how much companies spend on cloud computing and with which providers. We also added cybersecurity firm Rapid7 to the list, which now includes 77 companies. Together, they spend more than $13 billion a year on cloud computing services. Amazon Web Services remains the leading cloud provider for... Read more âș
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âWill AI kill us all?â Andreessen Horowitz general partner Martin Casado asked his boss Marc Andreessen in early June. The bleary-eyed Casado had dialed in from a desk in a dimly lit hotel room in Washington, D.C., where heâd been meeting with regulators. His boss grinned, retorting, âI have good news!âŠAI is not going to murder every person on the planet!â The exchange was part of the pairâs hour-plus banter,... Read more âș
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Cosmetics company Oddity Tech, which filed to go public last week, doesnât need the stock market to continue rallying for its public debut to take off. Instead, Oddity can ride a tsunami of investor enthusiasm for other beauty and skin care stocks whose businesses have been lifted by TikTok popularity. One of the best stock market performers of the past few years is Elf Beauty, whose shares have risen 1,100%... Read more âș
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07.07.2026 20:55
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