Welcome, Weekenders! In this newsletter:âą Shopping: Introducing the Summer Fun Listâgear, gadgets and toys that all come highly recommendedâą AI: Where is China ahead of America? In cracking down on AI romances ⹠Plus, Recommendationsâour weekly pop culture picks: âThe Last Twelve Weeks,â âThe Nord Stream Conspiracyâand âThe Dark WizardâJust after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Franciscoâs Financial District... Read more âș
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Microsoft, the largest cybersecurity software seller in the world, is overhauling that business to cash in on corporate anxieties about AI-powered hacks. Hayete Gallot, who took over Microsoftâs security business in February, has directed more teams to develop AI security products such as those that find bugs in IT systems. At the same time, she is making cuts to some more traditional security products as well as consolidating engineering teams.... Read more âș
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Shares of SpaceX fell below their June initial public offering price of $135 on Wednesday, and are now trading around 40% below their peak hit last month. Shares of the rocket ship company rose during its first few days of trading but have steadily declined since then. The stock was last trading ... Read more âș
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Longtime Amazon Web Services executive Dave Brown is leaving the cloud provider, AWS chief Matt Garman told staff Wednesday. Brown is going to a ânew role outside the company,â Garman said. Brown had been running AWSâ compute and machine learning services, and he also ran the companyâs ... Read more âș
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To survive a zombie apocalypse, youâd probably want to team up with people who are skilled at medicine, engineering, farmingâand your prepper uncle who stockpiles beans. To survive a SaaSpocalpyse, who should you team up with?Suppose for a second that the most extreme version of software disruption comes to pass: a couple years from now, AI coding agents have gotten so good that anyone with a computer has high quality... Read more âș
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Stripe and private equity firm Advent International made an unsolicited joint offer to buy PayPal at $60.50 per share, valuing the company at more than $53 billion, Reuters reported late Tuesday. Stripe and Advent havenât received a response from PayPal, and thereâs no certainty the offer will ... Read more âș
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Chip toolmaker ASML, which makes equipment that plays a central role in chip production around the world, plans to raise prices, according to four people with knowledge of the discussions. Thatâs likely to bring ASML into conflict with Taiwan Semiconductor Manufacturing Co., the worldâs biggest chipmaker and ASMLâs largest customer, which recently complained about ASMLâs high prices. TSMC has already begun to push back against ASMLâs pricing plans, said two... Read more âș
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Last summer, JPMorgan Chase and Coinbase announced a major partnership to tie crypto into the bankâs banking and credit card offerings. The move marked a key endorsement of the top U.S. crypto firm from the biggest bank in the country.  Nearly a year later, none of those features has gone live and the companies havenât publicly explained the delay. Meanwhile, though the companies have maintained their various partnerships, the backdrop... Read more âș
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Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the companyâs efforts. In recent months, the iPhone maker has talked with bankers about possible deals. It has also approached semiconductor startups to gauge their interest in selling themselves, the people said. Appleâs hunt for chip acquisitions comes as the company struggles with the performance... Read more âș
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Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been mapping out a major transformation. Michael Truell, Cursorâs CEO, told staff in a companywide meeting in May that the company aims to become a top-tier AI model developer, according to three people who heard the comments, a shift from its roots of specializing in coding. Cursor has also accelerated hiring in sales... Read more âș
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Apple has received key approval in China that paves the way for the release of its Apple Intelligence on-device AI service in the country, as the Chinese internet regulator permitted the Apple AI service, along with six other services, under generative AI rules. Apple worked with Chinese ... Read more âș
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DeepSeekâs annualized revenue reached between $400 million and $500 million recently, in a potential boost for the Chinese AI developerâs effort to raise its second funding round, The information reported. DeepSeekâs revenue growth, driven by sales of cloud-based access to its AI models, comes ... Read more âș
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Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its second-funding round of 50 billion yuan ($7.4 billion) and plot a potential public offering in Shanghai next year, according to three people with knowledge of the matter. The three-year-old startupâs annualized revenue reached between $400 million and $500 million recently thanks to sales of cloud-based access to its AI models through an application programming interface,... Read more âș
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Way to go, Demis Hassabis! The Google DeepMind co-founder and CEO won plaudits from much of the AI industryâincluding rivals OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Block co-founder Jack Dorsey and investors Ashton Kutcher and Chamath Palihapitiyaâfor proposing the creation of a new AI standards group funded by industry but working with government. Hassabisâ idea is that this new group could review frontier AI models to ensure they... Read more âș
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Startups that make chips and related hardware smell cash in the air. Venture capitalists are more eager than theyâve been in years to fund these capital-intensive businesses, excited by Nvidiaâs $20 billion Groq deal and signs other strategic buyers are circling. Founders are seizing the moment. Nuvacore, a startup focused on designing new central processing units that was founded by former Apple chip engineers, came out of stealth mode just... Read more âș
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On Tuesday, the White House announced the launch of the first program to come out of its early June executive order on AI cybersecurity. The initiative, dubbed Gold Eagle, is a clearinghouse composed of government agencies and companies that allows them to coordinate on cyber vulnerabilities and ... Read more âș
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IBM stock shed 25% on Tuesday, as the firm reported a shortfall in purchases of its mainframe computers resulting from customers shifting spending towards other hardware affected by AI-driven price increases. IBM said infrastructure revenue tied to sales of its mainframes, or supersized ... Read more âș
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Should businesses worry about whether leading AI providers are using their corporate data to develop competing products? The AI providersâ rivals, including the CEOs of Microsoft, Salesforce and Palantir, seem to think soThe real threat is far more subtle, having more to do with the high-level usage data AI providers can collect and a loophole that involves customers voluntarily sharing their chats with chatbot creators. Read more âș
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Arcee, an open-source AI developer, in 2024 committed to spend $8 million over three years with Amazon Web Services to store data and run AI models. But the startup hasnât been able to get access to enough Nvidia-powered servers on AWS to handle its work. So Arcee has ended up running most of its models on cloud upstarts including Hugging Face, Together and others, according to Arcee CEO Mark McQuade. Read more âș
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Google DeepMind co-founder and CEO Demis Hassabis called for a new standards body led by the U.S. that would perform testing on frontier models. In a lengthy post on X, Hassabis wrote that the government could establish a group modeled on self-regulatory organizations or public-private ... Read more âș
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On Tuesday, New York Gov. Kathy Hochul signed an executive order that enacted the first statewide moratorium on data centers in the United States, part of a mounting backlash against the technology at the state and local level. The policy will pause state environmental permits for up to one year ... Read more âș
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27.07.2026 05:32
Last update: 05:25 EDT.
News rating updated: 12:20.
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