Welcome, Weekenders! In this newsletter:âą 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, Recommendationsâour weekly pop culture picks: âExpanse: The Nannup Four,â âThe Infinity Machineâ and âBeefâWatching the Elon Musk versus OpenAI trial from inside the courtroom gave me a front-row seat to the AI boomâs... Read more âș
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Italian tech conglomerate Bending Spoons is acquiring ticketing firm Eventbrite for about $500 million in cash, ending Eventbriteâs eight year sojourn on the public market. The acquisition also follows a spate of other purchases by Bending Spoons, which appears to be specializing in snapping up ... Read more âș
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Prediction market Kalshi said it raised $1 billion in a fundraising round led by existing investor Paradigm at a $11 billion valuation, more than doubled from its $5 billion valuation in October. Kalshi, which dominates the U.S. prediction market, is facing competition from rival Polymarket, ... Read more âș
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Amazon Web Services and Google Cloud are arch-rivals in the cloud computing market, so it was surprising to hear them announce Monday that theyâre working to make it easier for their joint customers to move data and develop applications that run on both clouds. Tech companies are constantly issuing announcements about working together, but this one is different. For years, AWS executives dismissed the trend of companies using multiple cloud... Read more âș
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Amazon Web Services, at its annual re:Invent customer conference, unveiled a new Amazon AI model that can process text, speech, images and video, confirming our report from yesterday. Called Amazon Nova 2 Omni and currently available as a preview, itâs designed to save customers the work of ... Read more âș
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Shopify said Tuesday its merchants generated $14.6 billion in worldwide sales during the Black Friday and Cyber Monday holiday shopping weekend, a 27% increase from last year. The average cart price was $114.70, a 5% increase from last year. That increase is likely affected by tariffs, which ... Read more âș
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Anthropic is in advanced discussions to buy Bun, a maker of software used to run and manage code more efficiently, according to a person with knowledge of the deal. The artificial intelligence company is in talks to pay in the low hundreds of millions of dollars for the startup, which would be Anthropicâs first acquisition, according to the person. The acquisition would give Anthropic, which already has been using Bun... Read more âș
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Fintech Wealthfront is planning to be one of the only tech firms to try to go public before the end of the year. It started its investors roadshow and published an updated prospectus Tuesday that set a pricing range for its initial public offering at $12 to $14 a share, implying a ... Read more âș
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Four out of five readers of The Information say they use new AI tools daily, mostly as a search and information tool, according to our latest subscriber survey. The next most common use cited by subscribers is handling small, routine tasks at work such as drafting messages and summarizing content. A smaller but notable share is taking advantage of AIâs most generative abilitiesâcreating code, images and videoâat home and work.... Read more âș
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OpenAI, which in recent weeks has appeared to fall behind Google in AI development, is fighting back with a new large language model codenamed Garlic.Last week, OpenAIâs chief research officer Mark Chen told some colleagues about the new model, which was performing well on the companyâs evaluations, at least when compared to Gemini 3 and Anthropicâs Opus 4.5 in tasks involving coding and reasoning, according to a person with knowledge... Read more âș
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Torben Severson, the chief of staff to Amazonâs retail chief Doug Herrington, is leaving the ecommerce giant for OpenAI, where he will be head of global business development, Severson said on LinkedIn. Severson spent more than 17 years at Amazon. Until taking the role working for Herrington in ... Read more âș
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Googleâs efforts to sell or lease its artificial intelligence server chips so they can run in any companyâs data centerâand not just in Google Cloudâhave generated headlines, stock moves and a noteworthy response from AI chip leader Nvidia. Itâs not lost on Nvidia that two of the worldâs best AI models, from Google and Anthropic, were developed fully or partly using AI server chips made by Google rather than with... Read more âș
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Chinese short-video company Kuaishou Technology on Tuesday launched a new artificial intelligence model that seeks to integrate different stages of video generation. Kuaishou said that its new model, Kling Video O1, not only creates videos but also offers various editing capabilities, such as ... Read more âș
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Marvell is in advanced talks to buy Santa Clara-based chip startup Celestial AI in a cash-and-stock deal worth multiple billions of dollars, according to people with knowledge of the deal. Under the deal theyâre discussing, Marvell would pay several billion dollars upfront for the startup, which has yet to generate any revenue, according to one of the people. Celestial has the potential to receive performance earnouts if it hits certain... Read more âș
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Nvidia bought $2 billion worth of stock in Synopsys, which provides software for designing semiconductors and is a Nvidia customer, the companies announced Monday. The investment is the latest in a slew of deals inked by Nvidia in software and AI firms that use its chips. Synopsys shares rose ... Read more âș
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OpenAI CEO Sam Altman on Monday told employees he was declaring a âcode redâ to marshall more resources to improve ChatGPT as threats rise from Google and other artificial intelligence competitors, according to an internal memo. As a result, OpenAI plans to delay other initiatives, such as advertising, Altman said. Read more âș
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You can always rely on Michael Saylor and the folks at Strategy to blaze new trails in corporate finance. Take Strategyâs announcement today that it had raised $1.44 billion by selling shares toâget thisâestablish a âUSD reserveâ to pay the $689 million it owes annually in dividends on its stock and interest on its debt. Usually companies try to pay both out of cash they generate from their businesses. But... Read more âș
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Amazon said Monday it has started testing a new ultrafast delivery service aimed at getting groceries and other staple items to shoppers in as little as 30 minutes, confirming an earlier report from The Information. The service is now live in Seattle and Philadelphia, Amazon said, and deliveries ... Read more âș
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Strategy, the largest bitcoin-holding stock, said it established a $1.4 billion dollar reserve by selling shares to pay dividends and interest, seeking to alleviate investorsâ fear that it may be forced to sell its bitcoin to pay obligations in a market downturn. Michael Saylorâs Strategy, which ... Read more âș
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John Giannandrea, who was Appleâs artificial intelligence chief since 2018, is stepping down, Apple announced on Monday. Amar Subramanya, a former Google and Microsoft AI executive, will be joining Apple to take over some areas of the AI team, including AI research and internal foundation model ... Read more âș
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Amazon is planning a new ultrafast delivery offering for groceries and other daily essentials in major urban areas in the U.S., a critical test of the e-commerce giantâs ambitions to sell more daily staples to consumers and supercharge its grocery business. In recent months, Amazon has approached large consumer packaged goods brands to ask them for lists of products it could sell through the service, according to a person with... Read more âș
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09.05.2026 08:20
Last update: 08:10 EDT.
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