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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When the world’s most powerful people jet off to the annual summit hosted by Allen & Co. in Sun Valley, Idaho, to brainstorm and talk deals, they adopt a sartorial style we might call mogul casual. The latest confab, which has become popularly known as the Billionaire Summer Camp as it has garnered increasing media attention in recent years, happened this week, attracting the likes of OpenAI’s Sam Altman, Meta... Read more ›
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Apple sued OpenAI on Friday, accusing the AI startup of stealing Apple trade secrets as part of a “systematic effort” to develop its own AI-powered devices for consumers. The lawsuit says that OpenAI has recruited more than 400 former Apple employees to work at the company and names two of those Apple alumni as defendants: Tang Tan, OpenAI’s chief hardware officer, and Chang Liu, a member of OpenAI’s technical staff.... Read more ›
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Tesla CEO Elon Musk told staff at the carmaker to move to using Grok, the AI model from SpaceXAI, according to a memo sent to staff on Friday. Musk told staff that they should make the change when possible given Grok 4.5’s lower token costs as compared to competitors, the memo said. Musk also ... Read more ›
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Among the many private group chats circulating through Silicon Valley these days, one of the more unusual ones is a thread called “To Make an Omelette.” The chat, which was started last year, numbers more than 80 women, including tech founders and other white-collar professionals. (It was originally assembled by Aella, a figure within the Bay Area’s AI rationalist scene, who is also a pseudonymous sex worker.) I spoke with... Read more ›
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Cursor is building a general purpose AI agent designed to compete directly with Anthropic’s Claude Cowork, The Information reported. Cursor began working on the product after it started leasing compute from SpaceX’s AI unit in April, two people familiar with the project said. Last month, SpaceX ... Read more ›
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U.S. investment firm Susquehanna International Group, one of ByteDance’s biggest shareholders, is winding down its China-based venture investment team, another sign of the challenges facing U.S. venture investors operating in China. SIG China’s managing director, Tim Gong, who ran the team, is expected to leave the firm, according to four people with knowledge of the situation. Other venture employees are expected to leave as well. Gong is expected to launch... Read more ›
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Decisions about when, where, and how to expand a business are always fraught with uncertainty. The prospect of growing the business and reaching new customers with novel offerings is enticing, but a false step can be extremely costly. A well-researched competitive analysis can reduce this risk by surfacing potential stumbling blocks at the very beginning of the brainstorming process. Historically, these analyses have been extremely time-consuming, as they have required... Read more ›
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South Korean memory chipmaker SK Hynix raised $26.5 billion in the largest initial public offering by a foreign company in the U.S., surpassing the record set by Alibaba’s 2014 IPO that raised $25 billion. The company, already listed in Seoul, said it intends to use the proceeds for the ... Read more ›
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Junjie Yan, founder and CEO of Chinese AI developer MiniMax told employees in an internal memo that he will forgo his salary until the company achieves artificial general intelligence, while also promising to allocate some of his personal shares toward employee incentives. In the memo, which was ... Read more ›
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The AI laggards are going on the offensive! Meta Platforms on Thursday unveiled its latest AI model, Muse Spark 1.1, a day after SpaceX’s AI unit introduced a new model of its own. Like SpaceX, Meta claimed its new model delivers performance comparable to that of established models from AI labs such as OpenAI, Anthropic and Google. We’ll have to wait a few days to see whether developers agree. (Meanwhile,... Read more ›
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Fidji Simo is stepping down from her role as CEO of AGI deployment for OpenAI amid her battle with a chronic illness, the longtime tech executive said on Thursday. Simo said in a post on X that she will transition to being a part-time advisor to OpenAI. Her announcement extends a vacancy in the ... Read more ›
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Data labelling startup Mercor said Thursday it had bought Deeptune, which designs reinforcement learning environments, or simulated spaces that helps teach AI models how to operate and act. Mercor pays contractors, often with domain expertise in fields such as physics and finance, on an hourly ... Read more ›
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A $26 billion U.S. stock offering by South Korean memory chip giant SK Hynix looks likely to benefit from colossal investor interest in the hardware companies powering the AI boom. At least one smaller tech manufacturer is angling to take advantage of the investor frenzy. ScaleFlux, a 12-year-old startup that designs memory controllers and storage drives used in AI data centers, wants to go public as soon as this fall,... Read more ›
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Lancium, a power infrastructure developer behind OpenAI and Oracle’s data center campus in Texas, is in talks with major tech companies to sell a minority stake, according to people familiar with the matter. Lancium’s portfolio of gigawatt-scale Texas campuses has drawn interest from several tech companies, including Nvidia, some of the people said. Anthropic spent some time with Lancium’s team, though its discussions were exploratory and it didn’t ultimately engage... Read more ›
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Coinbase said Chief Legal Officer Paul Grewal will step down after nearly six years at the firm. The company will name Molly Abraham, vice president of legal, as its general counsel and secretary. “Now is my time for new adventures,” Grewal said in a tweet Thursday. At Coinbase, he fought ... Read more ›
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Cursor is developing a general-purpose AI agent meant to compete with popular tools like Anthropic’s Claude Cowork, two people familiar with the project said, part of a broader push by the company to diversify beyond coding-focused tools. Work on the new agent began after Cursor started leasing compute capacity in April from SpaceX’s AI unit, known as SpaceXAI, the people said, and comes ahead of SpaceX’s planned $60 billion acquisition... Read more ›
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OpenAI, as part of its effort to attract more business customers, announced a new agent—called ChatGPT Work—which taps into corporate data to automate the creation of spreadsheets and presentations, and can also handle more complex tasks like updating financial forecasts and conducting ... Read more ›
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Anthropic’s Long-Term Benefit Trust, the group charged with appointing new board members for the company, named former chair of the Federal Reserve Ben Bernanke as its fourth member on Thursday. Bernanke’s naming fills a key opening on the trust, which still has one of five seats ... Read more ›
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Meta Platforms said it is making its newest AI model available to developers through an application programming interface, looking to sell access to its AI for the first time after pivoting away from open source AI. Meta on Thursday said the new model, Muse Spark 1.1, improves on the previous ... Read more ›
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As businesses spend more on AI from Anthropic and other new providers, traditional enterprise apps and IT services providers are sometimes fighting for a smaller piece of the pie.In one example, French biopharmaceutical giant Sanofi told me it’s using its own in-house AI agent developed with Claude Code and software from an AI startup, Elementum, to reduce usage of ServiceNow IT management software. Read more ›
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27.07.2026 06:54
Last update: 06:45 EDT.
News rating updated: 13:40.
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