Welcome, Weekenders! In this newsletter:âą The Big Read: Can AI and a new CEO save Snowflake, a onetime Silicon Valley darling?âą Silicon Valleyâs surprise fashion obsession.Plus: A digital deep cleanse; Mark Ronson at the museum; and hidden gems of cinema. One muggy Monday evening earlier this month, hundreds of activists flooded the west front lawn of the U.S. Capitol building, chanting âPeople over profitâ and carrying handmade signs urging social... Read more âș
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A month or so ago, Brian Solis wore some flashy bling to dinner with friends in Lake Tahoe: his new Ray-Ban Meta glasses. âI didnât wear them for them to be a topic of conversation,â said Solis, head of global innovation at ServiceNow, an enterprise software company. âBut they were a topic of conversation.â He showed off the black, slimmish, Wayfarer-style specs to his friends and demoed their technical capabilities:... Read more âș
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Proposed California legislation that would regulate artificial intelligence companies is headed to a full vote in the stateâs Assembly after a committee passed a version that included amendments supported by chatbot maker Anthropic. The AI legislation, SB 1047, would impose legal requirements on ... Read more âș
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Michael Moritz, you owe Ben Horowitz a drink. The Andreessen Horowitz partner did a masterful job of promoting an article The San Francisco Standard, a news publication owned by Moritz, published todayâso much so that you might imagine Horowitz, too, has an investment in the publication!Iâm kidding. In a tweet, Horowitz accused Moritz (who is of course a famous longtime but now retired Sequoia Capital partner) of having his âfake... Read more âș
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A federal judge has blocked a joint venture between Disney, Fox and Warner Bros. Discovery to launch a new sports-focused streaming service this fall, ruling that it will harm competition. The streaming service, called Venu Sports, would offer sports TV channels and other live and on-demand ... Read more âș
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Co-hosting a podcast often allows me to riff on a topic that I'd like to learn more about. For me, one of those topics has been what's going on with younger generations and tech. Young people are immersed in technology. But lately it has seemed like they are also ditching it too. I knew my co-hosts would have some smart opinions. And this week easily became one of our favorite... Read more âș
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Donald Trump has appointed Cantor Fitzgerald chief executive officer Howard Lutnick and World Wrestling Entertainment co-founder Linda McMahon to lead his transition team, preparing for a possible second administration. Trump also picked his running mate J.D. Vance and his sons, Eric and Donald ... Read more âș
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Electric automaker Rivian has temporarily halted production of delivery vans for Amazon due to a shortage of parts, a spokesperson said. Rivian expects to make up all missed production, the spokesperson said, though they did not say when production will resume. An Amazon spokesperson said the ... Read more âș
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Sridhar Ramaswamy seldom takes a day off. He prefers to work seven days a week, putting in a ânon-small number of hoursâ on the weekend, he said, usually in the morning before his wife, a dentist, wakes up and then again in the afternoon. âListen, Iâm from India: Weâre always very insecure. I canât sit around and not do anything,â he said. âI like to work.â As the new CEO... Read more âș
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TikTok argued that a U.S. law that could result in a ban of the app is âthe most sweeping speech restriction in this countryâs history,â in a court filing on Thursday. The ByteDance-owned app also disputed the U.S. Department of Justiceâs claims of its ties to China, saying the âgovernment ... Read more âș
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Warner Bros. Discovery announced on Friday that Kathleen Finch, the executive in charge of all of its cable networks in the U.S., will retire at the end of the year. The companyâs U.S. networks business will then be led by Channing Dungey, the current chairman and CEO of Warner Bros. Television ... Read more âș
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Last yearâs collapse of major crypto-friendly banks threw a wrench in the works of crypto markets, making it harder for hedge funds and other crypto investors to transfer money as fast as most of their trades require. Increasingly, though, crypto brokerages such as FalconX and crypto trading firms including GSR and B2C2 are stepping in to provide short-term financing to ensure their clientsâ trades can settle immediately, generating big payoffs... Read more âș
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Venture capital firm Andreessen Horowitz plans to open an outpost in Japan, its second international office, Nikkei Asia reports. The Menlo Park-based firm opened an office in London last year led by its general partner Sriram Krishnan. The Japan office will be used for fundraising efforts ... Read more âș
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Venture capitalist Ben Horowitz accused Mike Moritz, the former leader of Sequoia Capital, of using news outlet the San Francisco Standard to attack him and his wife Felicia Horowitz. âSir Michael Moritz is now having his fake disinformation ânewspaperâ fabricate hit pieces on his business ... Read more âș
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These are dark days for big TV companies. Paramount Global, owner of CBS, began laying off 15% of its staff this week. The share price of Warner Bros. Discovery has fallen so far down the toilet that a plumber would have trouble spotting it. Disney stock has lost most of the ground it gained during an activist fight for board seats this past winter.Whatâs dragging all these companies down is... Read more âș
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San Francisco City Attorney David Chiu has sued 16 websites around the world for creating and distributing non-consensual pornography generated by artificial intelligence. People have used these deep fakes of private citizens to extort, threaten and humiliate women and girls, officials said. The ... Read more âș
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Wall Street is finding its way into the deluge of artificial intelligence deals as more AI founders enlist banks to help with fundraising.One of the latest is Lambda Labs. The startup, which rents out servers of Nvidia chips, is working with JPMorgan Chase on its latest fundraising, which is targeting $800 million, according to a person pitched on the deal. Canadian model developer Cohere also worked with JPMorgan, as well... Read more âș
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Weâve got a trio of creator economy scoops for you today, so letâs get right to it. Creator+, a startup producing and streaming films for creators, has been acquired by Petra Media, a film production company that previously invested in the startup, according to a person familiar with the deal. The terms of its sale couldnât be learned. Creator+ last raised $12 million at a $45 million valuation in 2021,... Read more âș
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Media mogul Edgar Bronfman Jr. is preparing to make a bid for Paramount Global and its parent company National Amusements, according to multiple media reports. The executive, who formerly ran Warner Music, is seeking to put together a disparate group of investors for the bid including Fortress ... Read more âș
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Disney has hired Adam Smith, a longtime Google and YouTube executive, as its new Chief Product and Technology Officer, overseeing both Disneyâs entertainment division and ESPN. Smith will be responsible for tech development and strategy for Disneyâs streaming services, advertising technology and ... Read more âș
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Most popular sources
Business Insider
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33% 4 |
Eurogamer.net
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8% 0 |
CNET
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7% 1 |
The Verge
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7% 4 |
Gizmodo
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6% 1 |
| View sources » | |
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25.11.2024 15:38
Last update: 15:30 EDT.
News rating updated: 22:31.
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