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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Major insurers including Berkshire Hathaway, Chubb and Travelers are taking steps to cut AI-related damages from corporate insurance policies, and U.S. state regulators are giving them the green light. Insurers are trying to get ahead of risks from companies that use generative artificial intelligence to automate tasks, stoked by the fast pace of model improvements. Executives at major insurance brokers, including Aon, Gallagher and Lockton, say that if insurers make... Read more ›
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Netflix said its board had authorized a new $25 billion stock buyback program. The new program follows a 13% slide in Netflix’s stock price since its first quarter earnings disappointed investors a week ago. The video streaming stock has never recovered the levels it was trading at last fall, ... Read more ›
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Nvidia has not yet sold any H200 to China, despite the Trump administration’s approvals months ago for the powerful chips to be exported to the country, Commerce Department Secretary Howard Lutnick said on Wednesday at a Senate hearing, according to Reuters. “The Chinese central government has ... Read more ›
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Chinese tech giants Tencent and Alibaba are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, The Information reported on Wednesday. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is now seeking to raise funding at a ... Read more ›
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Tesla’s earnings calls are usually freewheeling affairs, with pulsating electronic music and wildly optimistic projections from CEO Elon Musk, who often likes to crack crude jokes and giggle. Today was different. Instead of the typical sci-fi rhapsodies about self-driving vehicles taking over the world and robots solving poverty, Musk spent much of the call talking about constraints on his vision for Tesla. For example, when asked when production would start... Read more ›
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OpenAI is in discussions to invest up to $1.5 billion in a private equity joint venture called DeployCo, according to a person with knowledge of the effort. The ChatGPT maker is in talks to invest $500 million initially in DeployCo, which is expected to be valued at $10 billion. OpenAI has the ... Read more ›
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Tesla revenue reached $22.4 billion in the first quarter, a 16% year-over-year increase showing that the electric vehicle maker has started to dig its way out of a sales slump. The revenue figure is slightly better than the same period in 2024 but well below the $24.3 billion in revenue Tesla ... Read more ›
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ServiceNow reported 22% growth in revenue for the first quarter, to $3.77 billion, a faster rate of growth than what the enterprise software firm reported for the fourth quarter. But ServiceNow’s stock plummeted more than 13% in after-hours trading, possibly a response to the company’s ... Read more ›
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Microsoft on Wednesday named longtime LinkedIn executive Daniel Shapero as CEO of the corporate social network and said former LinkedIn CEO Ryan Roslansky will oversee Microsoft’s core Office 365 apps. Roslansky had been LinkedIn’s CEO since 2020, and last summer was promoted by Microsoft CEO ... Read more ›
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Billionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the crypto venture co-founded by President Donald Trump and his family, accusing the project and one of its co-founders of “criminal extortion” after he declined to invest more money into the company. Sun in 2024 ... Read more ›
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CoreWeave’s shares are up 55% this month, but that rally tells just part of the story about the AI cloud provider. The company has tapped a range of sources for much-needed capital, giving it a commanding role in the AI build-out. CoreWeave’s big fundraising haul—totaling nearly $16 billion—also signals that both stock and debt investors are now going all in on data centers, power, chips and everything AI related. Surging... Read more ›
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Elon Musk rocked the business world again by announcing Tuesday that his rocket-satellite-social media firm SpaceX has signed a deal agreeing to buy AI coding app Cursor for $60 billion at an undisclosed later date or else SpaceX would pay a $10 billion breakup fee.It’s one of the biggest acquisitions of a venture backed startup ever, though it’s not much money in the context of an initial public offering that... Read more ›
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OpenClaw, the AI agent software that took the tech world by storm, is reckoning with a difficult choice: whether to transition from an experimental hacker project to a sustainable tool companies can reliably use. One of the fastest-growing open-source software projects ever, OpenClaw is still managed by a group of volunteers who are trying to keep up with the technical and logistical demands of a fast-changing new product category while... Read more ›
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Google announced the first versions of its AI chips that are specialized for training and inference, expanding its competition with Nvidia. The search giant unveiled the new versions of its tensor processing units on Wednesday at the start of its annual Google Cloud Next conference. The event ... Read more ›
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Chinese tech giants Tencent Holdings and Alibaba Group are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, according to four people with knowledge of the conversations. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is now seeking to raise funding at a valuation of more than $20 billion, after its initial discussions with prospective investors generated immense interests, one of... Read more ›
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Tencent, which has launched many products built on OpenClaw in China in the past few months, is now taking one of those products to the global market. The Chinese tech giant on Tuesday launched an international version of QClaw, an OpenClaw-based AI agent that attracted a lot of interest from ... Read more ›
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Anthropic is investigating a report that a group of unauthorized users gained access to several unreleased AI models including Mythos, the model that Anthropic has withheld because of its capacity for cyberattacks, according to a spokesperson for the company. Bloomberg reported Tuesday that the ... Read more ›
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Elon Musk’s marketing pitch for the SpaceX IPO just got a bit more complicated. SpaceX’s revelation Tuesday afternoon that it was working closely with Cursor, the once-dominant coding firm, and might buy it for $60 billion, raises new questions about the health of xAI, Musk’s AI startup that SpaceX acquired for $250 billion in stock in early February. What did SpaceX—and indirectly its shareholders—pay for?The main reason Musk would consider... Read more ›
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The weeks leading up to SpaceX’s initial public offering will test big ideas about the space industry and the future of artificial intelligence. It will also answer a more basic question: how well Morgan Stanley and Goldman Sachs can work together.The Wall Street rivals’ top bankers have been holed up at SpaceX’s Hawthorne, Calif., headquarters in recent weeks alongside the rocketship company’s finance executives, people familiar with the matter said.... Read more ›
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SpaceX, which owns artificial intelligence lab xAI, said Tuesday it has agreed to a potential acquisition of AI coding startup Cursor for $60 billion. The Elon Musk-founded rocket company, which is preparing for what could be the world’s biggest IPO in June, said in a post on X that Cursor had ... Read more ›
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28.07.2026 16:21
Last update: 16:15 EDT.
News rating updated: 23:10.
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