Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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xAI co-founder Toby Pohlen has left the company just weeks after CEO Elon Musk said he’d expanded his responsibilities as part of a broad reorganization of the company. Pohlen, who announced his departure in a post on X, is the latest high level staffer to leave xAI in recent weeks, coinciding ... Read more ›
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Amazon confirmed it would invest up to $50 billion in OpenAI, in two stages, as part of a broad agreement with the ChatGPT maker that will also make OpenAI’s AI models available through Amazon’s cloud service AWS and will involve OpenAI using 2 gigawatts of Amazon’s Trainium AI chips ... Read more ›
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Anthropic CEO Dario Amodei on Thursday said the company would refuse to allow Anthropic’s AI models to be used for mass domestic surveillance or fully autonomous weapons in violation of the company’s policies, one day before his company faces a deadline to agree to the Pentagon’s demands or ... Read more ›
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Jack Dorsey has been many things in his career, including social media pioneer and crypto advocate. Now he’s the grim reaper of AI. Dorsey on Thursday revealed he will lay off 40% of the employees, or about 4,000 people, at his fintech firm, Block. The reason? AI. “The core thesis is simple,” he explained in a shareholder letter. “Intelligence tools have changed what it means to build and run a... Read more ›
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Will OpenAI make more acquisitions? The ChatGPT maker is in the process of raising $100 billion in additional cash. I wouldn’t be surprised if it uses some of that money or its richly valued shares to buy startups or lure even more talent. After all, it’s done this before. It used its stock to buy hardware guru Jony Ive’s startup, Io Products, in a $6.5 billion deal, when OpenAI was... Read more ›
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Anthropic is best known for selling its Claude AI models to app developers, but the company says it has seen a spike in usage of its consumer Claude chatbot, which competes with OpenAI’s ChatGPT. Daily signups to Anthropic’s Claude chatbot have tripled since November, the company told The ... Read more ›
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Meta Platforms has signed a deal to rent Google’s AI chips, known as tensor processing units, to develop new AI models, according to a person involved in the talks. The multi-year deal is worth billions of dollars, said a person who was briefed about it. Meta has also been talking to Google about buying TPUs for its data centers as soon as next year, though the status of that discussion... Read more ›
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CoreWeave doubled sales in the fourth quarter but reported bigger than expected losses, sending shares more than 8% lower in after-hours trading. The AI cloud company made $1.6 billion in revenue during the quarter, an increase of 110% from the same period the previous year. It reported a net ... Read more ›
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Intuit shares fell nearly 7% in after-hours trading Thursday despite the software company’s quarterly report showing revenue grew two percentage points faster than its prior projection for the quarter. The maker of TurboTax and Quickbooks said revenue grew 17% to $4.7 billion in the quarter ... Read more ›
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Block co-founder Jack Dorsey said his payments company plans to lay off 40% of its staff as it believes artificial intelligence tools can help a smaller workforce “do more and do it better.” In a letter to investors published Wednesday, Dorsey said Block plans to cut its 10,000-strong workforce ... Read more ›
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As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally, according to six people with direct knowledge of the matter. Meta last week scrapped the most advanced chip it was developing for training AI models, after struggling with the chip’s design, and shifted its focus to a less complicated version, the people said. The company... Read more ›
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Leaders from Salesforce, Workday and Snowflake tried different tactics this week to show they’re benefiting from AI and will emerge as winners—even though their fast-growing AI products aren’t boosting overall revenue growth, fueling concerns known as the SaaSpocalpyse. (See details of their financial results here, here and here.) Some leaders signaled that AI was prompting layoffs at their firms or among customers, previously a taboo subject. Some also used unusually... Read more ›
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The Office of the Comptroller of the Currency, which is set to regulate stablecoin issuers such as Circle, Paxos and Stripe’s Bridge, proposed rules that would ban crypto platforms from passing along interest from stablecoin issuers to users who hold stablecoins. If the proposal holds up, it ... Read more ›
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Thrive Capital, which last week announced that it had raised $10 billion in new funds, has returned cash at an above average rate to investors in later funds, while its earlier funds underperformed. As of June, Thrive’s $40 million fund raised in 2011 returned investors 1.3 times their money, ... Read more ›
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Warner Bros. Discovery, the subject of a bidding war between Netflix and Paramount Discovery, reported Thursday that its revenue fell 7% in the fourth quarter, while its earnings before interest, taxes, depreciation and amortization dropped 20%. The quarterly result showed that revenue from WBD’ ... Read more ›
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Companies developing AI models to power humanoid and other robots have been hard at work collecting videos and other data for training their models, even paying people to record themselves completing tasks in homes and workplaces. As these data-collection efforts start to pay off, and robots take on some of those tasks, the robot developers could start prioritizing quality of data over quantity. That’s a scenario that Encord, a five-year-old... Read more ›
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Amazon, Alphabet and Meta Platforms in recent months have each turned to the bond markets to raise tens of billions of dollars for their massive investments in AI data centers. And all three are likely to borrow much more in the next couple of years, with their projected capital expenditures now likely to come close to or surpass the cash they generate. How much more can they borrow, without suffering... Read more ›
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DeepSeek didn’t give Nvidia or Advanced Micro Devices early access to its upcoming flagship AI model for performance optimization, Reuters reported, citing two people familiar with the matter. DeepSeek, meanwhile, granted domestic chip companies, including Huawei Technologies, a head start of ... Read more ›
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As Amazon weighs a major equity investment in OpenAI, the ultimate size of its commitment could hinge on whether OpenAI goes public or achieves a loosely defined milestone known as artificial general intelligence, The Information reported Wednesday. The proposed Amazon investment is part of ... Read more ›
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OpenAI has hired a high-profile AI researcher at Meta Platforms who had joined the company from Apple about seven months ago, a spokesperson from OpenAI confirmed. Ruoming Pang, who led AI infrastructure for Meta Superintelligence Labs, which is developing new AI models, left the company last ... Read more ›
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29.07.2026 14:34
Last update: 14:25 EDT.
News rating updated: 21:20.
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