Welcome, Weekenders! In this newsletter:• The Big Read: Inside ZaiNar, the secretive startup hoping to power the physical AI era • Policy: Meet the Trump official who wants to deliver a win to prediction markets • Plus, Recommendations—our weekly pop culture picks: “Expanse: The Nannup Four,” “The Infinity Machine” and “Beef”Watching the Elon Musk versus OpenAI trial from inside the courtroom gave me a front-row seat to the AI boom’s... Read more ›
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PayPal Holdings applied to set up a Utah-based bank, a move that would allow it to directly provide loans to customers instead of relying on third-party banks for much of the process. The 27-year old online payments company filed applications with the Utah Department of Financial Institutions ... Read more ›
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Talk about a jittery market. Shares of ServiceNow dropped 11.5% on Monday after a weekend report that the enterprise software firm was in “advanced talks” to buy cybersecurity firm Armis for $7 billion. The stock sell-off wiped $21 billion off ServiceNow’s market capitalization—reducing it to $159 billion—which seems something of an overreaction. But it’s a demonstration that nowadays investors are selling first and asking questions later. Investors have turned particularly... Read more ›
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IRobot, the company that makes the Roomba vacuum, is filing for bankruptcy, it announced Sunday. Shenzhen Picea Robotics Co., iRobot’s main contract manufacturer, will buy iRobot’s assets out of bankruptcy. Roombas were first released in 2002 and became the most popular home robots of the past ... Read more ›
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Ford on Monday will halt production of its electric F-150 Lightning pickup after poor sales of the vehicle, and will re-introduce it as a plug-in hybrid that uses an unusual technology to deliver more than 700 miles of range. The company also sharply cut plans to make batteries in the U.S. and, in a move likely to spark controversy in Washington, will expand its use of Chinese technology in the... Read more ›
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Tesla shares were trading up 4% on Monday after CEO Elon Musk confirmed that the company has started testing its Robotaxi vehicles in Austin without human backups inside the cars. “Testing is underway with no occupants in the car,” Musk said in an X post on Sunday in response to a video of a ... Read more ›
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Former Shopify executive Glen Coates has joined OpenAI as the company’s head of app platform, he said in a LinkedIn post Monday. OpenAI didn’t immediately respond to a request for comment. OpenAI has taken early steps to make ChatGPT the default way its users interact with other apps, and has ... Read more ›
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The Trump administration has launched a new program, dubbed “Tech Force,” to recruit engineers to work on artificial intelligence inside federal agencies. People who sign up for the two-year program will “work in teams reporting directly to agency leadership” and will collaborate with partner ... Read more ›
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Welcome to AI Infrastructure, a new newsletter focused on how the data center boom is reshaping the energy sector and turning Silicon Valley into a rising industrial power.Ann Davis Vaughan has covered the intersection of energy and technology as both an investment analyst and journalist for two decades, including 14 years at The Wall Street Journal. Based in Houston, she has researched electrification and previously evaluated dozens of companies that... Read more ›
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OpenAI is hiring Albert Lee, a long-time corporate development executive at Google, as head of corporate development, according to people with knowledge of his move. His hire signals OpenAI’s interest in pursuing acquisitions and strategic investments as a key component of future growth, ... Read more ›
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Elon Musk’s xAI wants companies around the world to buy its Grok AI models as it tries to build a moneymaking business. To get there, xAI has created an enterprise AI sales group over the past half-year that has expanded to more than a dozen people. But xAI’s lack of experience in selling to big businesses is holding many potential customers back. While xAI has signed up some big clients—including... Read more ›
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Shares of ServiceNow dropped around 10% on Monday morning, following a weekend report on Bloomberg that the enterprise software firm was in advanced talks to buy cybersecurity startup Armis for $7 billion. A potential deal with Armis would be ServiceNow’s second cybersecurity acquisition this ... Read more ›
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On Friday, I wrote about how companies are scrambling to prevent employees from using confidential company information to bet on prediction markets, sites like Polymarket and Kalshi that offer derivatives to wager on events. Opportunities to bet on AI outcomes, say a model release, have exploded in popularity—bets for the latest OpenAI model reached nearly $10 million last week, for instance.The bets may hold clues into what people who are—in... Read more ›
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For years, Apple was known for having very little turnover in its top ranks. Not anymore. In recent weeks, the company has seen a stream of high-profile executives head for the exits, at a moment when Apple is scrambling to build the AI features consumers increasingly expect from the iPhone. Today, we’re publishing a major update to our Apple org chart, adding more than 200 names to provide a fresher,... Read more ›
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China’s tech giant Huawei Technologies and its manufacturing partner Semiconductor Manufacturing International Corp. have made some progress in chip production, but their products still lag far behind industry leaders, according to a teardown by research firm TechInsights last Thursday. The ... Read more ›
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We’re heading into our last full working week of the year, so the news flow is likely to start quieting down. (Be on the lookout for ServiceNow’s next big acquisition, however). One story that’s likely to chug along through the holidays is the battle between Netflix and the Ellison family’s Paramount Skydance for Warner Bros. Discovery. There’s sure to be fireworks this week, if for no other reason than the... Read more ›
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Oracle struck about $150 billion worth of lease commitments on data centers in the three months ending November, it revealed in securities filing late last week, a sign it is preparing for the cloud deals that customers such as OpenAI have struck with Oracle. The filing showed that as of ... Read more ›
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Exor, the Agnelli family’s holding company, rejected an offer from stablecoin issuer Tether for its 65% stake in Italian soccer team Juventus, saying it had “no intention of selling any of its shares in Juventus.” In a statement, Exor said the Agnelli family was “fully committed to the Club, ... Read more ›
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Every so often, prominent figures in tech begin amplifying the same topic so energetically that it makes you wonder if they’re all on the same group chat (or if the hive mind from “Pluribus,” the Apple TV+ sci-fi show, is a real thing). One such moment occurred this past week, when it became hard to escape the deafening online chatter about data centers in space. That was in large part... Read more ›
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OpenAI ended a policy that required new hires to work for six months before their equity compensation vested, the Wall Street Journal reported, an effort to make the AI firm a more appealing place to work. The Journal said OpenAI had previously shortened the minimum period that new hires have to ... Read more ›
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ServiceNow is in advanced talks to buy cybersecurity firm Armis in a deal worth around $7 billion, Bloomberg reported late Saturday. Such an acquisition would be the second multi billion dollar deal done by ServiceNow, an enterprise software firm, this year. In March ServiceNow announced the ... Read more ›
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09.05.2026 02:51
Last update: 02:35 EDT.
News rating updated: 09:40.
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