Welcome, Weekenders! In this newsletter:• The Big Read: Pickleball is the past—the tech elite is obsessed with padel. • Plus, an Americana-themed batch of Recommendations—our weekly pop culture picks: “The Americans,” “East of Eden,” “High Desert Daydream,” “Lonesome Dove,” USA vs. Belgium, and “The Twilight Zone.” The year’s midpoint is an apt moment for some studied reflection, and I’ve been thinking about how much has changed in the last six... Read more ›
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To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both struggling... Read more ›
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Brian Brushwood’s online career illustrates how regularly social apps go up in smoke. The magician, who spent 15 years touring college campuses, started to post video clips of his life on the road online in 2006. He amassed more than one million followers on six-second video app Vine and one million followers on Google+. Then, both shut down. “I am king of the failed platforms,” Brushwood, 48, said in an... Read more ›
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BuzzFeed is exploring a potential sale of Complex Networks, a digital media firm it acquired when going public in late 2021 for nearly $300 million, according to people familiar with the matter. The move, which follows a decline in Complex’s revenues over the past couple of years, is a sign of the challenges facing BuzzFeed, once a high-flying star of the digital media sector that has struggled to grow in... Read more ›
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The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao secretly control Binance.US—the U.S. exchange that publicly said it was independent and separate from Binance—and... Read more ›
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Sam Altman is warning me about an unsettling new technology with dangers of misuse.“It’s one of those things, the more you think about it, the more ways you can figure out a creep could abuse it,” he said. The industry must propose solutions, he argued, to “keep from getting legislated out of business.”Sound familiar? Read more ›
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Last summer, advertising representatives for a national pizza chain in the U.S. met with Amazon ad executives to negotiate a potential sponsorship deal for Amazon Prime Video’s broadcast of “Thursday Night Football.” Amazon executives asked the pizza chain for commitments of up to $12 million for the full season, double what the chain wanted to spend, said a person with direct knowledge of the matter. Amazon’s aggressive demand reflected its... Read more ›
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I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. Moreover,... Read more ›
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People strike over wages, working conditions...and now, apparently, the decision by Reddit to charge developers for access to their users’ jokes, memes and gaming tips. On Monday, the managers of hundreds of forums on Reddit, including some of its most popular ones such as r/gaming and r/music, will take these forums private to protest the company’s decision to charge app developers for access to its application program interface, which has... Read more ›
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Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became China’s most successful VC firm and drove outsize returns for Sequoia’s global investors. But the separation, anticipated for years and related to a growing geopolitical conflict between the U.S. and China, won’t stop Sequoia’s U.S.-based... Read more ›
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The Securities and Exchange Commission’s lawsuit against Coinbase today, alleging a wide range of securities violations, kicks off what will likely be a yearslong legal battle that holds the key to Coinbase’s future. If the SEC wins, it will be all but impossible for the crypto giant to do business in the U.S. The SEC alleges that Coinbase has been operating an unregistered securities exchange, broker and clearinghouse, and combining... Read more ›
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From Silicon Valley to Washington, America has suddenly woken up to the risks of artificial intelligence. While Congress is just beginning conversations over how to regulate AI, the technology is advancing at an astonishing pace. Rather than indulge the fantasy that regulation will establish a “responsible” AI trajectory quickly and sustainably enough, the better and more reliable bet would be on competition—more specifically, competition between proprietary and open-source models. Read more ›
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Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers. In late 2020, he seized the moment by pitching investors over Zoom about his vision for marrying technology and healthcare, ultimately nabbing $50 million for a Series A round. He... Read more ›
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Judging a new Apple personal computing device is a fool’s errand. Just ask the countless critics of the first iPhone, iPad and Apple Watch. Despite that unparalleled track record, the company’s $3,500 Apple Vision Pro headset, unveiled on Monday, might encounter unique challenges even as it appears likely to become the most advanced virtual or augmented reality device on the market, leapfrogging Meta Platforms’ Quest headsets. Those challenges include a... Read more ›
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Apple may have just BlackBerried Meta Platforms’ Quest devices. Apple’s presentation of its mixed-reality headset, the Vision Pro, on Monday seems likely to spell the beginning of the end for Meta’s ambitions in augmented reality and virtual reality. Remarkably, given the endless amounts of media coverage devoted to this device over the past couple of years, Apple’s presentation felt surprisingly fresh. By showing how iOS apps, movies and photos would... Read more ›
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A new Hulu docuseries out on Monday called “The Age of Influence” examines the underbelly of the influencer world, from people who’ve used social media to perpetuate scams and fraud to child abuse happening behind the scenes of a popular kids YouTube channel.The show, produced by Part2 Pictures for ABC News Studios, looks at lesser known scandals involving social media that haven’t risen to the same level of attention as... Read more ›
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Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according to the deck and a person familiar with the matter. The sale process for... Read more ›
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As OpenAI and Google battle for artificial intelligence supremacy in the West, a parallel contest is happening in China. Dozens of young Chinese startups as well as local tech giants Alibaba, Tencent and Baidu are developing machine-learning models to power chatbots similar to OpenAI’s ChatGPT. Five Chinese startups, including MiniMax and LangBoat, stand out from the startup pack when it comes to funding they’ve raised and their founders’ experience in... Read more ›
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As it has for decades, the U.S. this year will spend hundreds of billions of dollars on its military. Political support for that spending remains strong, through peace and war, in part because the Pentagon is careful to disburse it across virtually every Congressional district and through 200,000 defense contractors. Critics claim the system encourages waste, but hawks say it helps guarantee a strong military, tying Pentagon budgets to the... Read more ›
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Thousands converged on San Francisco this week for a 200-event “SF Tech Week” extravaganza that attempted to answer the question: Wait, isn’t every week tech week in San Francisco? The six-day roving party, which officially ends Sunday evening, was organized by Andreessen Horowitz, the famed and flashy venture capital firm known locally as a16z, which last year moved its official headquarters from the San Francisco Bay Area “to the cloud.”... Read more ›
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Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI Database... Read more ›
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08.07.2026 01:51
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