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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Adobe announced a new $25 billion stock buyback, the latest such move by an enterprise software firm whose stock has been hit by anxieties about the impact of AI on the industry. Adobe shares have fallen 29% so far this year. The company has been a regular buyer of its own stock, spending ... Read more ›
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SpaceX increased its debt load by nearly two-thirds last year, to about $23 billion at the end of 2025 from $14 billion the year prior. That surge illustrated how much its acquisition of xAI added new financial obligations to the company, according to a confidential initial public offering prospectus reviewed by The Information. Much of the debt was tied to a lease deal with Valor Equity Partners for AI infrastructure... Read more ›
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Microsoft on Tuesday cut the price of its Xbox Game Pass subscription, which gives people access to hundreds of video games, to boost demand for the service, whose growth has slowed for years. The flagship Game Pass subscription price will drop 23% to $23, while the lower-priced version that ... Read more ›
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A wave of AI pricing changes is keeping customers on their toes. Anthropic, Salesforce, ServiceNow and Workday have shifted to charging for AI based on how much customers use, rather than a flat subscription fee, for instance.Now Adobe is taking steps to join AI startup Sierra and other firms that want to go a step further, charging customers based on how well their AI tools work, such as when they... Read more ›
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Prediction market Kalshi plans to offer crypto trading in the U.S., according to people familiar with the matter, putting it in direct competition with crypto exchanges such as Coinbase. Kalshi will enter the crypto market by offering perpetual futures, the most popular type of trading products, ... Read more ›
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OpenAI has started to offer ChatGPT ad campaigns that charge advertisers based on how many people click on the ads, screenshots of the company’s ad manager show, confirming The Information’s report last week about the plans. The new ads are in addition to ads that OpenAI first launched in ... Read more ›
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Snap’s Chief Financial Officer Derek Andersen is leaving the company early next month, Snap said late Monday, for a “new professional opportunity.” Andersen has been CFO since 2019. He will be succeeded by Doug Hott, who is vice president of finance, strategy and corporate development, Snap ... Read more ›
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Anthropic has quietly flourished in China thanks to businesses—including big tech firms and startups—circumventing Anthropic’s official restrictions on usage. That may soon change.Anthropic last week started requiring some customers to provide a government-issued photo ID and an image of themselves taken from their phone or webcam. It’s the latest in a series of steps taken by Anthropic over the past year to prevent people in countries viewed as American adversaries,... Read more ›
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Latin America’s largest tech firm, e-commerce and fintech juggernaut Mercado Libre, is on sale. The company’s share price has dropped 9% over the past 12 months even as its business has continued to rocket along at a 30%-plus revenue growth rate. Investors are skittish about growing competition posed by Singapore’s Sea Ltd. in Mercado Libre’s largest market, Brazil. But investors may be overreacting: There is plenty of room for multiple... Read more ›
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DoorDash said it plans to offer stablecoin payments for merchants and delivery workers globally using Tempo, a new blockchain started by Stripe and venture firm Paradigm. The feature will allow faster and cheaper payouts by DoorDash, which processes payments between consumers, merchants and ... Read more ›
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SpaceX’s confidential IPO filing includes new plans to award Elon Musk with tens of millions of shares if the company’s market cap increases to $6.6 trillion, The Information reported. The IPO prospectus, reviewed by The Information, also revealed that Musk had increased his stake in SpaceX last ... Read more ›
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Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion of stock from current and former employees, part of a series of moves leading up to the company’s initial public offering that increased his sway over the company. The large secondary stock purchase was made through the mega-billonaire’s trust. It was disclosed in a draft of SpaceX’s confidential IPO prospectus. The document also revealed a new plan... Read more ›
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Victory Giant Technology, one of Nvidia’s Chinese hardware suppliers, jumped as much as 60% on its debut on the Hong Kong Stock Exchange, as investors sought to capitalize on the global AI infrastructure boom. Shares of Victory Giant, which manufactures printed circuit boards used in AI servers, ... Read more ›
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Chinese startup Moonshot AI released a new model that it says demonstrates significant advancements in coding, ahead of DeepSeek’s highly anticipated launch of its new V4 model, which also focuses on coding. Beijing-based Moonshot said its new Kimi K2.6 model is particularly strong in “ ... Read more ›
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Happy talk. That’s what you get when CEOs pass the baton, and so it was with Apple’s long-anticipated announcement that Tim Cook would give up the top job, effective in September. “I love Apple with all of my being,” Cook said in the announcement (he’s sticking around as executive chair). “I am filled with optimism about what we can achieve in the years to come,” said Cook’s successor as CEO,... Read more ›
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The unrelenting demand for AI data centers is spilling over into lesser-known companies that supply components for essential tasks such as cooling chip servers. Phononic, a 17-year-old company whose semiconductor components prevent overheating in AI data centers, is hoping to cash in on that demand. The Durham, N.C., company is talking to potential buyers and has discussed a valuation of at least $1.5 billion, according to people familiar with the... Read more ›
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The most anticipated CEO transition in Silicon Valley is finally official. Apple on Monday announced that Tim Cook will pass the CEO baton to John Ternus, the company’s senior vice president of hardware engineering. The changeover will happen September 1, when Cook will become executive chair, continuing his responsibilities for Apple’s relations with policymakers around the world. In some respects, this leadership transition seems like a less treacherous one than... Read more ›
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Microsoft-owned GitHub said Monday it is restricting how much customers can use its Copilot AI coding tool and pausing new sign-ups for individual accounts as it struggles to handle an influx of traffic, triggering outages. The company is lowering the usage cap for all but the most expensive ... Read more ›
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Amazon is investing $5 billion into Anthropic now and will invest up to an additional $20 billion tied to commercial milestones, the companies said on Monday. The deal is on top of $8 billion Amazon previously invested in the artificial intelligence company. While the companies did not say what ... Read more ›
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Andreessen Horowitz said it had backed a new media company, MTS—an abbreviation of Monitoring the Situation—which will publish on Elon Musk’s X, “interviewing the main characters of the moment all day long.” The new company “aims to be the best place in the world to make sense of what’s ... 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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