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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Meta Platforms paid Broadcom $2.3 billion in 2025, Meta disclosed in a securities filing, a rare disclosure of how much tech firms pay Broadcom for help designing their AI chips. Meta, like Google, uses Broadcom to help design special AI chips. Earlier this week, Meta and Broadcom announced an ... Read more ›
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Kraken, a top three crypto exchange in the U.S., said it agreed to buy Bitnomial, a U.S. crypto derivatives exchange, for up to $550 million, which will allow it to offer crypto perpetuals, a type of risky crypto product popular on offshore platforms like Binance and Hyperliquid, in the U.S. ... Read more ›
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Anthropic on Friday launched a new AI tool called “Claude Design” which will use AI to help users generate designs, product prototypes, presentations and one-pagers, according to a blog post. The announcement confirmed The Information’s earlier report on the new tool. Claude Design will be ... Read more ›
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For Dylan Patel, founder of SemiAnalysis, an influential AI industry newsletter and research firm, Nvidia deserves the kind of dogged observation and study the tabloid press once devoted to Princess Diana. He scrutinizes the chip giant’s new products, documents its delays and scoops details about its inner workings. His information mongering is so relentless that he sometimes irritates the company, which he said once blacklisted him from its events for... Read more ›
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DeepSeek is in talks to raise outside capital for the first time, seeking to beef up its financial war chest so it can better compete in the costly battle to develop leading AI models, according to four people familiar with the matter. DeepSeek is owned by Chinese hedge fund High-Flyer Capital Management, which has financed the startup so far. DeepSeek, whose AI model R1 took both Silicon Valley and Wall... Read more ›
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Flock Safety, which sells cameras, drones and AI software to police departments, was valued at $8.4 billion in a new round of funding completed in recent weeks, a modest bump from its financing last year, according to a publicly filed corporate charter and people familiar with the round. The company raised the new funds amid the largest political and public relations crisis it has faced in its nine-year history. In... Read more ›
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China’s regulator said Friday that it had imposed fines totaling 3.52 billion yuan ($515 million) on seven e-commerce businesses including those operated by PDD Holdings, Meituan, JD.com, Alibaba Group and ByteDance, citing their lack of oversight of problematic food delivery merchants. The ... Read more ›
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Alibaba Group has open sourced a smaller size version of its latest Qwen3.6 large language models. The new release shows how Alibaba is becoming more selective with which models to open source, as it shifts its focus toward proprietary AI models that could generate more revenue. The Chinese tech ... Read more ›
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Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday. It aims to raise more than $3 billion and seeks a valuation of at least $35 billion, which represents a 60% premium to its last private valuation of $22 billion in February. ... Read more ›
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OpenAI recently struck an unusual deal to lessen its dependence on Nvidia’s AI chips and potentially lower its computing expenses in the coming years. OpenAI has agreed to pay Cerebras more than $20 billion to use servers powered by the firm’s chips over the next three years, double the figure that was previously associated with the deal, according to multiple people with knowledge of the deal. As part of the... Read more ›
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Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan Semiconductor Manufacturing Co.’s first-quarter report on Thursday, showing revenue growth of 40.6%, above the top end of its projected range. The company raised its full-year growth rate to above 30%. According to TSMC CEO C.C. Wei, “AI-related demand continues to be extremely robust.” Wei said he based that assessment both on comments from TSMC’s customers—it makes... Read more ›
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E-commerce veteran Marc Lore hasn’t been shy about his food delivery startup’s IPO aspirations. In recent months, he has written on the whiteboards in Wonder’s Midtown Manhattan office the date when it should be IPO-ready: March 31, 2027, according to a person close to the company.First, however, the company will try to tap private investors once more. The eight-year-old owner of restaurant delivery service Grubhub and meal kit service Blue... Read more ›
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Netflix reported 16% higher revenue of $12.25 billion in the first quarter, slightly above its projections, and revealed that founder and former CEO Reed Hastings would leave the board this spring. Hastings had stepped down as CEO three years ago, becoming executive chairman, although ... Read more ›
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Microsoft has so far seen mixed results in its efforts to sell AI-powered products to businesses, with only around 3% of its Office 365 users paying to use 365 Copilot as of the end of last year. But a seemingly niche AI product released last fall by its subsidiary LinkedIn has taken off as a surprise hit. And I’m told that leaders elsewhere at Microsoft are now taking note. Read more ›
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Meta Platforms is raising prices for its virtual reality headsets by $50 to $100 each, citing rising global memory chip costs. The company said Thursday in a blog post that its Meta Quest 3S, first released in 2024, will now cost $349.99 for the 128GB model and $449.99 for the 256GB model—both ... Read more ›
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SpaceX subsidiary xAI will rent computing power from its data centers to the coding startup Cursor, Business Insider reported. Cursor plans to use tens of thousands of xAI’s chips to train its latest AI coding model, according to the report. The arrangement could help SpaceX, which acquired xAI ... Read more ›
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Earlier this week, Google DeepMind released Gemini Robotics-ER-1.6, a new vision and language model to help robots make sense of their surroundings. To show off its capabilities, Boston Dynamics—which has an agreement to use Gemini in its humanoid robots—published a video of its robot dogs using the model to read a thermometer during an inspection of an industrial facility.Despite the eye-catching demos, Google’s new robotics model only notched incremental gains... Read more ›
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Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy Google’s Gemini AI models in classified settings, according to two people with direct knowledge of the discussions. If the two parties come to an agreement, it would expand Google’s connection to the Pentagon as a tech contractor and represent a significant reversal from the company’s past stance on working with the military. The... Read more ›
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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Taiwan Semiconductor Manufacturing Company on Thursday expects revenue to grow by more than 30% this year, raising its outlook from the forecast it gave in January, as demand for AI chips continues to surge and outruns supply. TSMC, which manufactures the majority of the world’s most advanced ... Read more ›
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28.07.2026 17:44
Last update: 17:35 EDT.
News rating updated: 00:30.
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