Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Benchmark’s high-stakes pressure test • Artificial Intelligence: The VCs who turned vibe code into whimsical passion projects• Artificial Intelligence: Venerable Casio’s surprise hit? An AI robopet • WTF: Behind the scenes at our summit for the most powerful and influential women in tech, media and finance • The Arena: WNBA owner Clara Wu Tsai has a $1 billion plan• Plus, our... Read more ›
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In less than a year, AI-assisted coding has become a fixation within Silicon Valley, which sees the companies building such products as some of the most lucrative startups in tech. While tools like Cursor and Anthropic’s Claude Code can’t transform techno novices into app-building wizards overnight, they do make coding faster—and easier for people who have some knowledge of coding but don’t have the same skill as a veteran engineer.... Read more ›
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When Clara Wu Tsai and her husband, Alibaba co-founder Joe Tsai, bought the WNBA’s New York Liberty in 2019, one of her first priorities was convincing her fellow team owners they needed to spend money to see real growth in the sport. “For so long, we felt that the owners in the league have been operating from this scarcity mindset and just trying to save money,” Wu Tsai said earlier... Read more ›
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One August morning, Kaarage woke up and took the train from the Japanese countryside into the city. She went to a restaurant and enjoyed a lunch of vegetables and soup, as well as an iced coffee. Afterward, she studied a musical score on her iPad, then went home to relax. Kaarage is not a person: She’s an internet-beloved Moflin, an AI-powered robopet made by Casio—yes, Casio—who shares a charming, bucolic... Read more ›
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Executives from Netflix, Palantir and YouTube along with dozens more of the most powerful and influential women in technology, media and finance gathered earlier this week for The Information’s annual WTF Summit. The conversations ranged from how AI is reshaping the financing markets to sponsorship pricing power in the WNBA—while attendees still had plenty of time to mingle under the bright Yountville, Calif., sunshine. Below, some scenes from one of... Read more ›
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Anthropic initially expressed “excitement” about a possible merger with OpenAI two years ago, after OpenAI’s board fired CEO Sam Altman, OpenAI co-founder and former chief scientist Ilya Sutskever told attorneys in a deposition made public this week. Such a deal would have potentially placed Anthropic CEO Dario Amodei at the helm of OpenAI. He and his sister, Daniela Amodei, both left senior roles at OpenAI in 2020 over differences on... Read more ›
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Netflix is exploring a bid for Warner Bros. Discovery’s studio and streaming business, Reuters reported on Thursday, and has hired Moelis & Co. as an advisor. WBD last week said it had initiated a strategic review, weighing whether to sell, either in part or whole. The entertainment company, ... Read more ›
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Tether, the largest stablecoin issuer, said its profit has surpassed $10 billion in the first nine months of this year, making it one of the most profitable crypto companies in the world. It has also launched a share buyback initiative. Tether, a private company based in El Salvador, is owned by ... Read more ›
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Tesla might unveil a flying car before the end of this year, CEO Elon Musk hinted on a podcast episode released Friday, without giving details. Asked by Joe Rogan for updates on the years-delayed new version of Tesla’s Roadster sports car, Musk said Tesla was close to demonstrating a prototype. ... Read more ›
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Last year, Benchmark, the storied venture capital firm, embarked on a lavish courtship of Brendan Foody, founder and CEO of Mercor, a startup that fills a lucrative niche in AI by hiring workers to train AI programs. First, General Partner Victor Lazarte chatted with Foody over Zoom. Then Peter Fenton, the firm’s longest-tenured active GP, took Foody out on his helicopter for a tour around San Francisco. And finally, Benchmark’s... Read more ›
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Elon Musk’s SpaceX will receive $2 billion to build satellites for the U.S. government as part of President Donald Trump’s “Golden Dome” defense project, the Wall Street Journal reported on Friday. The satellites being developed by SpaceX will be used to track missiles and aircraft, according to ... Read more ›
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Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto exchanges, is raising money at a $20 billion valuation, according to a person familiar with the matter, after getting $500 million in new... Read more ›
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Nvidia said Thursday it signed a deal to sell 50,000 graphics processing units to Samsung Electronics to help the South Korean company with its chip design and manufacturing. The deal, estimated to be worth hundreds of millions of dollars in sales, was announced during a visit by Nvidia CEO ... Read more ›
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Travel software firm Navan, which weathered a pandemic, name change and government shutdown on its path to an initial public offering, had a disappointing start as a public company. Shares fell 20% on the first day. Its earliest investors still made big gains on paper though. Investor Oren Zeev and his affiliated funds, which invested $150 million starting with Navan’s seed round in 2015, had about a $1 billion stake... Read more ›
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Globalstar has talked to Elon Musk’s SpaceX and other potential suitors about buying the satellite company, Bloomberg reported. The news of the sale talks follows a report from The Information saying that Globalstar’s chairman James Monroe had discussed the possibility of selling the company for ... Read more ›
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The cloud over Amazon is lifting. The e-commerce and cloud giant reported Thursday that its cloud unit, Amazon Web Services, accelerated revenue growth by nearly 3 percentage points to 20% in the third quarter, its fastest rate of expansion since the end of 2022. That means AWS, by far the biggest of the major cloud firms, has joined its nearest rivals, Microsoft Azure and Google Cloud, in showing accelerating growth.... Read more ›
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OpenAI this week restructured itself into a company with traditional equity, and it wasn’t long before rumblings about an initial public offering followed. There are plenty of reasons why an IPO listing may not happen until 2027 at the earliest, according to a person who has been involved in the discussion. Among them: It’s likely to be one of the biggest in history in terms of the capital OpenAI will... Read more ›
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Apple reported an 8% jump in revenue for its fiscal fourth quarter and forecast even stronger growth during the holidays, due to demand for its latest iPhones. The results were another sign of life for the company’s iPhone business, sales of which have stagnated in recent years. Apple’s new ... Read more ›
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Nvidia is planning to invest up to $1 billion in Poolside as part of the artificial intelligence startup’s ongoing funding round, Bloomberg reported Thursday. Poolside previously developed AI-powered coding assistants, but is pivoting to training foundation models. The startup has been seeking ... Read more ›
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Coinbase said its third-quarter revenue was $1.87 billion, up 55% from a year ago, driven by rising trading volume and growth in the number of tokens available for its customers to trade. Stock jumped 2.6% in post-market trading. Net income was $433 million, up from $76 million a year ago. ... Read more ›
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15.03.2026 22:48
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