Things have never been better for Shopify. The e-commerce firm’s stock is trading near all-time highs. And a recent deal with OpenAI has put Shopify in a position to capitalize on AI-fueled shopping by easily allowing its merchants to sell products through ChatGPT. And yet Shopify is seeing the kind of executive turnover normally associated with companies that are struggling. Read more ›
71
Banking app Chime plans to sell shares in an initial public offering at a price that would value it $10.3 billion and $11.1 billion, on a fully-diluted basis, the company said in a new securities filing Monday. The company set the price range ahead of a roadshow to meet investors over the ... Read more ›
2
It’s become one of the most popular private investing strategies of the last year: Firms including General Catalyst, Thrive Capital and 8VC have been investing in startups that buy services businesses such as call center operators, merge them with similar companies, and use artificial intelligence to boost sales and keep costs low. In the latest example, Chris Young, who led Microsoft’s ventures and acquisitions team for five years, has told... Read more ›
3
President Donald Trump intends to withdraw the nomination of Jared Isaacman to lead NASA, an agency that is the source of some of the most lucrative contracts for SpaceX, Elon Musk’s rocket company, The New York Times reported. The decision—which came after Trump learned that Isaacman had given ... Read more ›
8
Welcome, Weekenders! In this newsletter:• The Big Read: Jensen Huang’s precarious balancing act between Trump and China• The Top 5: The fanciest fitness memberships• Plus, our Recommendations: A forgotten horror; the mighty Sahara; and an internet star’s subtle-enough sitcomAnthropic has a shiny new addition I can’t stop thinking about: Reed Hastings, who is joining the AI startup’s board. I wonder if his arrival might hold greater significance than we might... Read more ›
2
What do thousands of dollars at a fitness center get a person? Amenities like AI-powered weightlifting machines, in-house physicians, meditative sound baths and color-coded, know-it-all orbs. Earning a clean bill of health has never inspired such extravagance. Here are five of the most luxe fitness memberships popular among the technorati and their ilk. Read more ›
3
Nvidia is developing a new chip for China that for the first time will allow customers to connect multiple chips together to create higher-performance computing clusters, The Information reported. The move comes as the U.S. tightens restrictions on sales of advanced chips to China, though the ... Read more ›
0
Nvidia CEO Jensen Huang has been meeting with President Donald Trump more than what’s publicly known in an effort to persuade the administration to roll back restrictions on its sales to China, The Information reported. The move comes as Trump’s second term has upended the dynamics of ... Read more ›
0
The Trump administration, along with Elon Musk’s Department of Government Efficiency, have apparently chosen Palantir to be the main provider of data analytics technology to the federal government, as the firm in recent months has landed more than $113 million in software contracts ... Read more ›
0
A Nokia pension plan has told some U.S. VC funds that it was selling its stakes in those funds, The Information reported on Thursday. Lexington Partners, a New York investment firm that specializes in buying VC funds and startup shares from other investors, bought some of those stakes, worth ... Read more ›
0
Elon Musk has left the building—the White House, that is. President Donald Trump gave Musk a farewell press conference today, complete with a golden key (literally), marking the end of Musk’s formal time overseeing the Department of Government Efficiency. While both Trump and Musk said the Tesla CEO would visit Washington from time to time, Musk has made it clear his focus is now firmly back on his companies.As polarizing... Read more ›
0
A federal judge questioned whether he should impose restrictions on Google’s actions in AI in order to address its illegal monopoly in search, as both the government and Google made their closing arguments in the remedies phase of the Google search monopoly trial on Friday, Bloomberg reported. ... Read more ›
0
Mary Meeker says artificial intelligence is growing faster than anything that came before it. The technology has spread rapidly across the globe and “AI leadership could beget geopolitical leadership.” The most famous internet analyst of the dot-com boom era says that and a lot more in a 340 ... Read more ›
7
The tightening of U.S. chip export controls on China has forced Chinese artificial intelligence developers such as DeepSeek to get creative, finding more efficient ways to train AI models on limited computing resources. And that creativity is likely to continue, according to two Chinese investors and startup founders who spoke at a subscriber call for The Information this week. “When we witnessed DeepSeek’s V3, we started to see that we... Read more ›
0
President Donald Trump said that “almost all” the employees with Elon Musk’s Department of Government Efficiency are staying behind in the administration after Musk leaves this week. Trump made the comments at a joint press conference with Musk in the Oval Office Friday, during which Musk said ... Read more ›
0
Banking app Chime has discussed about an $11 billion valuation with investors ahead of its initial public offering this month, The Information reported. That would rise from the about $8 billion its bankers were discussing earlier this month, but down from the $25 billion mark at which it ... Read more ›
0
Microsoft has hired a former Biden administration official—and promoted a former Trump official—to serve in two senior legal roles as the company aims to maintain friendly relationships with both Democrats and Republicans in Washington. Microsoft hired former Biden administration lawyer Lisa ... Read more ›
0
When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds. Chime, for instance, was valued at $25 billion in 2021, but its bankers have been discussing pricing its shares at roughly an $11 billion valuation, a person familiar with the matter said. It expects to... Read more ›
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Artificial intelligence really does make mistakes—sometimes big ones. Last weekend, I put half a dozen emails with details of airplane and hotel bookings for an upcoming vacation into Google’s NotebookLM and asked it to write me an itinerary. The resulting document read great—until I realized it listed a departure date 24 hours later than the actual one, which could have been disastrous. Similarly, my colleague Jon Victor today wrote about... Read more ›
0
A few months ago, I wrote about a number of early-stage startup founders who chose not to raise venture capital after an initial seed round, instead running their startups on the sales their businesses were generating. Dan Shipper, founder of media and artificial intelligence software startup Every, is taking this “seed-strapping” approach a step further.His 14-person startup said last week it had raised $2 million in seed funding from LinkedIn... Read more ›
0
Less than 24 hours after Elon Musk announced he was leaving the Trump administration, several other prominent figures involved in the Department of Government Efficiency have made plans to leave as well. A White House official confirmed Thursday that Steve Davis, a longtime Musk lieutenant and ... Read more ›
0
Most popular sources
Business Insider
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36% 34 |
Wired
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21% 18 |
Gizmodo
|
8% 3 |
MacRumors
|
6% 5 |
Eurogamer.net
|
5% 4 |
| View sources » | |
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05.11.2025 12:21
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