Welcome, Weekenders! In this newsletter:• The Big Read: Cheap goods, sales gimmicks fuel WhatNot’s $11.5 billion live-shopping empire• Shopping and Style: A tech mogul’s guide to black tie • Plus, our weekly pop culture Recommendations: “Wisecrack,” “Threads of Empire” and “Jay Kelly”The FDA said at a panel this week that it is open to making changes on the black-box warnings for testosterone products. That’s good news for men with low... Read more ›
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Lately, the rich and restless of Silicon Valley have been appearing more often at the sort of formal events that call for black tie. It has not been going well. At the Breakthrough Prize ceremony in April, for instance, Sam Altman wore a shrunken dinner jacket with low-rise trousers, which exposed a bit of shirt beneath his coat’s buttoning point, spoiling the line that should define this type of elegant... Read more ›
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SpaceX chief financial officer Bret Johnsen confirmed to the company’s staff that it was preparing for an IPO next year, the Wall Street Journal reported. His statement follows The Information’s report on Dec. 5 that SpaceX, part of Elon Musk’s empire, was planning an IPO in the second half ... Read more ›
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A spike of investor interest in the data center sector has prompted one major data center developer, Rowan Digital Infrastructure, to consider whether this is a good time to raise fresh capital or possibly even sell, say people familiar with the company’s thinking. If it were to raise money or sell, it would likely be valued at more than $10 billion, including its debt, the people said. Potential buyers include... Read more ›
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Stablecoin issuer Tether said Friday it has submitted an all-cash offer to buy Italian soccer juggernaut Juventus from the Agnelli family, a novel bid by a cryptocurrency company to acquire a blue-chip global soccer club from one of Europe’s most storied dynasties. Tether is the largest ... Read more ›
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OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources, is raising $250 million in equity financing that will value the three-year-old startup at $12 billion after the investment, doubling its last private valuation from a financing announced just two months ago, according to a person involved in the deal. If the deal closes, the Cambridge, Mass.-based company will become one... Read more ›
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Fermi, a young data center developer cofounded by former Texas Governor Rick Perry, said a tenant for its artificial intelligence server campus in West Texas had ended an agreement to lease the site, according to a regulatory filing. The firm’s shares fell more than 40% on the disclosure, ... Read more ›
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Revenue at Elon Musk’s social media service X jumped 17% to $752 million during the third quarter, though the site is still bringing in significantly less cash than when Musk acquired it, Bloomberg reported on Friday. Despite the surge in revenue, X reported a $577 million net loss for the ... Read more ›
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Oracle has delayed the completion of some of the data centers it is developing for OpenAI to 2028 from 2027, according to a Bloomberg report. Oracle shares fell 5% Friday morning after already dipping earlier in the week, after the firm reported that it burned roughly $10 billion in the November ... Read more ›
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Livestream shopping app Whatnot is targeting close to $1 billion in revenue for 2025, according to a person with knowledge of the company’s finances. The six-year-old company has quietly grown into one of e-commerce’s hottest companies, raising more than $500 million in new funding this year and ... Read more ›
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In the weird, wild world of Whatnot, the startup defying Silicon Valley’s dismal track record with live shopping, the merchants speak a unique lingo. Whatnot is a resale market, where sellers auction off items like sports cards, last season’s suede sneakers and off-brand cologne through video livestreams: It’s eBay crossed with TikTok. So if sellers mention the phrase “sudden death” in a live video stream hawking an item, it means... Read more ›
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President Donald Trump has signed an executive order seeking to block states from regulating artificial intelligence, an effort that has been championed by the AI industry and criticised by a broad cohort of Republicans and Democrats. The order, which The Information first reported on in ... Read more ›
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Over the past week, a handful of accounts on Polymarket, the predictions site, bet OpenAI would release a new large language model by December 13. On Thursday December 11, OpenAI released GPT-5.2, and four of these accounts together made over $13,000, according to the trades displayed on their accounts. The payout is adding fuel to suspicions that a handful of accounts on prediction sites such as Polymarket and Kalshi aren’t... Read more ›
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Beijing is considering pouring as much as $70 billion into its semiconductor industry in what would be the world’s largest state-backed chip support program, Bloomberg reported, citing people familiar with the matter. The move elevates China’s push for semiconductor self-sufficiency as the ... Read more ›
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When you’re on your back foot, as OpenAI has lately been, what better way is there to take the offense than to announce a Mickey Mouse deal? Take OpenAI’s partnership with Walt Disney Co., unveiled on Thursday morning. Disney will make a $1 billion equity investment in the ChatGPT creator and will license 200 characters from its film and TV library to OpenAI's Sora video-generation app, including Mickey Mouse, Darth... Read more ›
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Wealthfront, an automated investment adviser, expects to price its initial public offering at up to $14 per share, at the top of the marketed range, according to a securities filing. At that price it would raise $485 million, valuing the company at over $2 billion, a premium to the ... Read more ›
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The Securities and Exchange Commission gave the greenlight to DTCC, the main clearinghouse for U.S. financial markets, to record stocks on blockchain. DTCC said it received a no-action letter from the regulator, allowing it to launch the feature in the second half of 2026. DTCC will allow its ... Read more ›
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Apple won back its right to charge for all transactions on the iPhone in the U.S., even in cases where the app developer uses an external payment system. In the decision from the 9th U.S. Circuit Court of Appeals—part of Apple’s prolonged legal battle with Epic Games—Apple also lost its attempt ... Read more ›
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Michael Hsu, the former Acting Comptroller of the Currency under President Biden, has joined early-stage VC firm Core Innovation Capital as a venture partner. Hsu will work with founders to “anticipate regulatory hurdles” and engage with policymakers, supporting companies in fintech, embedded ... Read more ›
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It’s not every day we write about debt in this newsletter, but tech investors are increasingly paying attention to credit as a growing source of funding for AI. One big question going into next year is whether lenders will have the stomach to continue backing massive data center projects.A recent debt offering from Blackstone-owned QTS, one of the largest U.S.-based data center developers, points to a potential solution: private credit. Read more ›
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09.05.2026 00:34
Last update: 00:26 EDT.
News rating updated: 07:21.
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