Welcome, Weekenders! In this newsletter:âąÂ The Big Read: A lawyer who thinks social media and asbestos have a lot in common âąÂ The Top 5: New water toys that tech moguls loveâąÂ Power and Influence: Kamala Harrisâ Silicon Valley hive is fired upâąÂ Revisiting: The Parker ConradâDavid Sacks feud âąÂ Plus: What eels say about planet Earth; a voyeurâs (nearly real-time) bacchanal; and a chance to stop and snap the... Read more âș
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Look past Crissy Field on the Presidio shoreline, and you might spot Ariel Poler, co-founder of Reveri Health, and some of his friendsâ10 to 20 small sails dotting the San Francisco Bay, riding a cargo shipâs wake. Theyâre not kitesurfing or windsurfing: Theyâre wing foiling. Itâs a new water sport thatâs made a real splash over the past couple of years, with wing foilers like Poler eagerly scrambling atop what... Read more âș
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This week on More or Less, we took a deep dive into Mark Zuckerberg's latest open source AI crusade and what's missing from the strategy. Plus, the Morins school the Lessins on Brat and all the latest in pop culture. Hope you enjoy! Apple Spotify YouTube Read more âș
0
David Zaslav may be persona non grata the next time he shows up to an NBA game. Warner Bros. Discovery, which Zaslav runs, filed suit Friday against the league over its rejection of WBDâs offer to renew its longstanding deal to air NBA games. Whatever the merits of WBDâs argument, this doesnât seem likely to end well for Zaslav.The fundamental issue he faces is that sports leagues have all the... Read more âș
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Logistics startup Stord is acquiring the e-commerce fulfillment services operations of publicly traded shipping services company Pitney Bowes, according to an internal memo sent to Pitney Bowes staff. Itâs the second acquisition so far this year by the Kleiner Perkinsâ and Founders Fundâbacked startup, which aims to help merchants better compete with Amazon on speedy shipping and has been trying to scale up faster by buying up established fulfillment operations. Read more âș
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Warner Bros. Discovery has filed a lawsuit against the NBA, arguing that the league violated its existing media rights contract with WBD by rejecting the companyâs proposal to match the rights that were awarded to Amazon in the leagueâs new deals that begin in 2025. The NBA signed 11-year deals ... Read more âș
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In January, after members of the Senate Judiciary Committee had spent hours grilling tech CEOs about their platformsâ effects on children, Missouri Sen. Josh Hawley pounced on Meta Platforms CEO Mark Zuckerberg. Hawley, a Republican firebrand and a vocal tech critic, accused Zuckerberg of ignoring internal company data that suggested Metaâs Instagram made life worse for some teenage girls and exposed them to unwanted sexual advances and nudity. He then... Read more âș
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In the world of online lenders, Enova International stands out. It has been growing rapidly, lending more money last year than ever before even as rising interest rates caused competitors to cut back. Meanwhile, Enova executives have repeatedly argued the companyâs stock was âundervalued,â and the company has spent heavily on buying back its stock. Enovaâs growth continued into the second quarter, it reported on Tuesday, when new loans grew... Read more âș
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DoorDash is doubling down on its push to deliver more than just takeout noodles and late-night fast food. The company has hired an Amazon veteran and current Flexport executive, Parisa Sadrzadeh, as vice president of strategy and operations, a spokesperson confirmed. Her hire will help boost DoorDashâs efforts to deliver more types of goods through its app and to provide logistics and other services for retailers that sell on their... Read more âș
0
Quick quiz: Which part of Googleâs business has declined for eight straight quarters? If you guessed the Google network businessâwhich sells advertising on other companiesâ websitesâyou deserve an A in Google-nomics.In the second quarter, reported on Tuesday, Google reported that revenue from the network operation shrank 5% even as ad sales on its own properties (search and YouTube, primarily) rose 13.7%. This continues a steady trend: Over the past 18... Read more âș
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While weâre more than three months away from the election, there is no shortage of political squabbles, monologuing and grandstanding in every corner of Silicon Valley. I checked in with one of techâs most outspoken Democrats, Reid Hoffman, who plans to co-host or host a fundraiser for Vice President Kamala Harris as soon as September, according to a person close to him. Hoffman declined to discuss that event but said... Read more âș
0
Crypto exchange Coinbase is adding three members to its board, expanding its size to ten directors, as it brings in legal and political heavyweights. They are Chris Lehane, vice president of public works at OpenAI and operating partner at Haun Ventures who was a former Bill Clinton ... Read more âș
1
Reddit has a new content and ad revenue-sharing program that it launched with sports leagues including the NFL, the NBA and NASCAR, as we reported earlier this week. The way it works is straightforward: Leagues post videos and other content on Reddit. Advertisers can buy ads against that content and the leagues and Reddit share the ad revenue. YouTube has long had a similar program, extending beyond sports leagues to... Read more âș
0
Tesla CEO Elon Musk said he will ask the companyâs board of directors to consider investing $5 billion in xAI, his artificial intelligence company. Musk posted a note on X, the social network formerly known as Twitter that he controls, after more than two-thirds of ... Read more âș
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OpenAI announced the prototype of its AI-powered search engine, dubbed âSearchGPT,â the company said in a blog post on Thursday. SearchGPT will provide answers in natural language in response to user queries, taking into account real-time information from the internet. Its responses will ... Read more âș
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Democrats with power and money in California are in a Kamala mood. Reid Hoffman, billionaire venture capitalist, has already shifted his attention as a top Joe Biden fundraiser to bringing in cash for the person who has replaced Biden as the Democratic presidential candidate: Vice President Kamala Harris, a Golden State native who was previously a California senator, state attorney general and San Franciscoâs district attorney. âShe combines Californiaâunderstanding the... Read more âș
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Silicon Valleyâs success has spawned some pernicious myths, most notably the glorification of the lone entrepreneur working in a garage, unfettered by government oversight. A closely related myth holds that regulation always jeopardizes innovation and technological progress, because government canât wisely oversee technological change. Itâs an attractive story, but itâs not true. From the earliest days of the semiconductor industry to the rise of the internet, public sector support for... Read more âș
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Summer Fridays, a makeup and skincare brand founded by social media influencers Marianna Hewitt and Lauren Ireland, has received an investment from private equity firm TSG Consumer Partners, the companies said Thursday. Terms of the deal werenât disclosed. One of the companyâs main backers, ... Read more âș
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A group of lawmakers has called on Meta Platforms CEO Mark Zuckerberg to delay until after the election the planned closure of CrowdTangle, a company-owned tool used by researchers and journalists to track what is trending on Metaâs apps. Meta had previously said it planed to shutter ... Read more âș
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In April this year, OpenAI CEO Sam Altman was asked during a talk at Stanford University about our report that his company had lost more than $500 million in 2022, just as it was releasing ChatGPT, and whether he was generally concerned about losses. His answer: "Whether we burn $500 million a year or $5 billion or $50 billion, I don't care. I genuinely don't. As long as we stay... Read more âș
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Most popular sources
Business Insider
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27% 2 |
Tech Wire Asia
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15% |
CNET
|
9% 3 |
The Verge
|
6% 3 |
Gizmodo
|
5% 1 |
| View sources » | |
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26.11.2024 07:37
Last update: 07:31 EDT.
News rating updated: 14:31.
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