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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The elder members of Gen Z are now 26 years old. That means they have considerable purchasing power—and they turn to their fellow Gen Z creators for product recommendations. How can brands tap into that power and meaningfully connect with young creators and their audiences? Annie Goldsmith, reporter for the The Information, sat down to discuss the topic with three experts who specialize in working with creators: Jamie Gutfreund, chief... Read more ›
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Amazon, Microsoft and Google are known for their software, but now they are collectively spending billions of dollars to develop and produce microchips to power servers and artificial intelligence. As the companies’ AI and cloud rivalries grow, the chip projects are becoming a critical part of their strategy to reduce costs and win over business customers. The above chart, based on The Information’s reporting and public sources, shows eight server... Read more ›
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Since the collapse of Silicon Valley Bank, Rocky Gor, the founder and CEO of Los Angeles–based loan marketplace Capx, has been approached by a handful of small venture capital firms with a problem: No one will lend to them. In the past, these VC firms relied on a specialized credit line offered by SVB and a handful of other banks, including First Republic Bank, that plugged the gap between when... Read more ›
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In the 1980s and 1990s, Silicon Valley revolved around semiconductors, and T.J. Rodgers stood out. The company he founded, Cypress Semiconductor, was relatively small, but a 1991 BusinessWeek cover story showcased him as “The Bad Boy of Silicon Valley,” and The New York Times declared him “Silicon Valley’s most flamboyant cowboy capitalist.” This fireplug of a man attracted outsize attention in part from his readiness to express outrageous opinions and... Read more ›
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Until late last year, Bank of America branch staffers would learn how to handle a potential stick-up through guidebooks and online videos. Today, tellers are immersed in a 3D virtual reality environment, in which a gunman aims a weapon at them or furtively hands them a threatening note demanding money. The bank measures tellers’ reactions and the time it takes them to respond to a robber’s threat. With those analytics... Read more ›
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Hi, welcome to your Weekend.You won't find many venture investors who are shedding tears for Roelof Botha. As only the fourth person to lead Sequoia Capital over the past 51 years, Botha now occupies a seat at the very highest echelons of the trade. But despite his lofty perch, little has gone easy for Botha since he was handed the reins last summer. As Kate and Abe explore in this... Read more ›
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Dallin Bills’ family has a very specific Mother’s Day ritual. The Battery Ventures principal and his three kids, ages 7, 5 and 1, cut out hearts from colorful construction paper. On each paper heart, the group writes down their favorite things about their mom, Kayla, such as “I like it when Mom swings me on the swing” and “A word I think of when I think of Mommy is ‘I... Read more ›
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Amazon is building a team to work on artificial intelligence tools that will generate photos and videos for merchants to use in advertising campaigns on its platform, a company spokesperson confirmed, efforts that could help diversify its ad business. Amazon's ad business has grown by double-digit percentages every quarter since Amazon started breaking out its revenue in 2021. It brought in $38 billion last year but currently centers on ads... Read more ›
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Will AI video kill the radio star? Judging from the surge of artificial intelligence–generated beer commercials and “Star Wars”–themed Wes Anderson trailers popping up on social feeds this week, it just might. The AI video onslaught began officially in late March, when Runway, an AI startup newly valued at $1.5 billion, announced its Gen 2 program. While the company’s Gen 1 software lets customers use AI tools to modify their... Read more ›
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Instacart has long primed itself for a much-watched public debut, keeping its regulatory filings up to date and improving profits. But one new factor may delay a public debut: a slowdown in growth. In the first quarter, Instacart saw its gross order volume grow between 5% and 10% compared to the same period last year, people briefed on the matter said. That compares with 16% for all of 2022, when... Read more ›
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One day in March, Sequoia Capital assembled a show of force: a private summit on artificial intelligence hosted at the firm’s airy offices in San Francisco’s Mission District. Around 100 people gathered—a who’s who of tech’s hottest sector, including OpenAI CEO Sam Altman; Kevin Scott, Microsoft’s chief technology officer; and Dario Amodei, co-founder and CEO of Anthropic, a two-year-old generative AI startup recently valued at $4.1 billion. Roelof Botha, who... Read more ›
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Welcome back!Last week, we detailed how cost cutting had shaken up management at Amazon and Meta Platforms. Snap too is shuffling its ranks, while Google parent Alphabet now has its two sometimes-squabbling artificial intelligence labs working together. We continually update our Org Charts for 40 companies, sometimes without publishing stories about the changes, so keep an eye out for how companies reorder their staff.We updated our Org Chart for Snap... Read more ›
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In 2018, Coinbase CEO Brian Armstrong made a trip to Washington in what was one of his first formal visits to meet with lawmakers. Over two days, Armstrong and his team, which included senior policy and communications staff and lobbyists from Franklin Square Group, met with roughly 30 people, including lawmakers, according to two people with direct knowledge of the matter. Armstrong and other company executives felt the meetings were... Read more ›
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We got a barrage of March-quarter earnings today and they provide a good summary of who’s up and who’s down in tech and media. (Spoiler alert: Apple did fine, but given how weak the smartphone and PC markets are, that’s not saying much). For more details, grab a coffee (or a beer) and relax. Here we go:In ride hailing, Lyft is barely growing and is still burning cash, which means... Read more ›
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Most social media platforms have a similar method for users to increase the visibility of their posts: pay to turn existing posts into revenue-generating advertisements. At least, that’s the case for Instagram, Facebook, LinkedIn, Pinterest and TikTok, where users can pay for their post to show up in user’s feeds as an ad. Facebook has allowed users to do this since 2007, while TikTok most recently introduced its Promote feature... Read more ›
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Rapid innovations in artificial intelligence have already upended many aspects of our lives, from the way we view and access the internet to how we think about the future of work. It’s only natural, then, that this swift-moving newscycle also upended the agenda for our call with subscribers on the need for AI regulation. In just the three days before the event, IBM CEO Arvind Krishna said in an interview... Read more ›
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The biggest bank failure since the financial crisis and the fourth bank failure of the year happened this week. But no one in Silicon Valley seemed to care. That’s probably because they’re all exhausted by the slow-moving train wreck that’s transpired over the past three months. Or because—after the fall of crypto exchange FTX last fall and Silicon Valley Bank’s overnight meltdown in March—they’ve come to expect record-setting blowups at... Read more ›
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OpenAI’s losses roughly doubled to around $540 million last year as it developed ChatGPT and hired key employees from Google, according to three people with knowledge of the startup’s financials. The previously unreported figure reflects the steep costs of training its machine-learning models during the period before it started selling access to the chatbot. Even as revenue has picked up—reaching an annual pace of hundreds of millions of dollars just... Read more ›
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When I was researching my book about con artists, I encountered the chief financial officer of a large company who’d been arrested for fixing the books after a series of losses. He seemed like a nice, down-to-earth guy, like someone who was just caught in a bad situation. Yes, he fudged a few numbers to stay afloat—a bad choice, but not con artist-level bad. Only the longer the case went... Read more ›
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For years, Google’s YouTube couldn’t get any respect from the TV industry. TV marketers wouldn’t go near it out of fear that their ads would be tainted by running alongside YouTube’s amateur content. And analysts and research firms treated the streaming service as separate from the rest of television when analyzing TV viewing and advertising. How things have changed. One startling statistic shows how YouTube is now unequivocally the king... Read more ›
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09.07.2026 11:46
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