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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Intel CEO Lip-Bu Tan said Wednesday in an internal memo to staff that he fully supports the executive whoâs been sued by Taiwan Semiconductor Manufacturing Co. over alleged breach of trade secrets, and that thereâs no merit to the allegations. The U.S. company only began hiring discussions with ... Read more âș
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ServiceNow, an IT and HR software provider, is in advanced talks to buy five-year-old security startup Veza for more than $1 billion, according to people with knowledge of the deal. Vezaâs subscription software helps businesses see which of their employees, as well as AI agents that automate software tasks, have access to certain customer or corporate data and what theyâre able to do with the data. ServiceNow has been bolstering... Read more âș
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Robinhood shares jumped 11% Wednesday after the brokerage said late Tuesday that it is launching a new exchange with trading firm Susquehanna International Group to support its prediction market product. To do so, Robinhood is acquiring MIAXdx, which has the licenses to clear and execute ... Read more âș
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Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, told shareholders it removed its CEOâthe second time its top executive has changed since an August tie-up with the Trump-backed crypto firm World Liberty Financial. Itâs the latest sign ... Read more âș
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The recent bitcoin sell-off wasnât the only cause for alarm among crypto investors this week. Many were rattled by news that a tech investor was robbed of $11 million worth of crypto at his home. Doorbell camera footage shows someone posing as a delivery worker approaching the home, accessible on street level in Mission Dolores, and asking for âJoshua,â who opened the door. They then asked to borrow a pen... Read more âș
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A group of people concerned about safety issues around artificial intelligence are forming a network of super PACs to back candidates from both parties in the midterm elections, The New York Times reports. The effort, led by Democratic former Congressman Brad Carson, is a response to the work of ... Read more âș
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Elon Musk said Tesla plans to double the number of Robotaxis itâs operating in Austin after users of the service said they werenât able to hail rides or experienced very long wait times. In response to one such complaint, Musk said on X that the Robotaxi fleet in Austin âshould roughly double ... Read more âș
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Winter is coming, not just in the seasons but in the crypto market. If the current downturn turns into another crypto winter, it will have a bigger impact on the mainstream financial system than it has in the past. Bitcoin has fallen 30% in less than two months and is down for the year, while other cryptocurrencies have crashed by much more. This has occurred despite the most crypto-friendly regulatory... Read more âș
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On Monday, the President signed an executive order laying out his vision for a âManhattan Projectâ for AI. The plan calls for the national labsâthe Department of Energy-funded research centersâto work together with AI companies to train AI models based on government science data. For instance, it tasks the Secretary of Energy with assessing the computing resources that âindustry partnersâ could provide to the effort.That collaboration, along with others in... Read more âș
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Eric Trump and Donald Trump Jr. rang the bell at Nasdaqâs New York headquarters in August to celebrate the announcement of a deal that could have netted the family a windfall of hundreds of millions of dollars. The presidentâs oldest sons were combining their crypto startup, World Liberty Financial, with a publicly traded Canadian company, Alt5 Sigma. âWeâre going to change finance forever,â Eric Trump said at the ceremony. Read more âș
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ByteDance bought more Nvidia chips than any other Chinese company in 2025, according to three people with direct knowledge of its purchases. Racing to secure computing power for its billion-plus users and fearing Washington might suddenly cut off supply, the TikTok parent hoarded its stock of the chips. ByteDanceâs fears about a supply crunch were well placedâbut when the clampdown came, it wasnât from Washington. In recent months, Chinese regulators... Read more âș
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Taiwan Semiconductor Manufacturing Co. filed a lawsuit on Tuesday against a former 75-year-old senior vice president who left the company in July for Intel, alleging he likely leaked trade secrets to his current employer. The worldâs largest chipmaker said that Lo Wei-jen violated a ... Read more âș
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Weâre getting close to the yearâs end, when reportersâ minds turn to predictions for the new year. So hereâs one: I predict sometime soon Nvidia will announce it is investing billions of dollars into Meta Platforms, in exchange for Meta committing to continue using Nvidiaâs AI chips. This is just a wild guess, to be clear, but itâs based on how Nvidia has responded to past competitive threatsâby throwing money... Read more âș
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To boost ChatGPT revenue, OpenAI is following a playbook enterprise apps Zoom and Slack have used to increase paid users. Itâs hooking up most of its usersâwhich now number more than 800 millionâwith the free version of the chatbot and then trying to convince their employers to sign enterprisewide subscriptions, said a person with knowledge of the strategy. As of July, about 35 million people paid for Plus or Pro... Read more âș
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The holidays are coming up, which means itâs time for another surge in SpaceX share prices. The Elon Musk-founded company is planning to keep up its tradition of a twice-annual tender offer, with the new price expected to be set in December, according to multiple people familiar with the space giantâs plans. It was last valued at $400 billion this summer in a sale of existing shares. At the time,... Read more âș
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Klarna, the Swedish buy-now-pay-later provider, said it will launch a U.S. dollar-backed stablecoin, KlarnaUSD, in 2026, as a way to reduce costs for consumers and merchants. Klarna, which went public in September and has 114 million customers, will use Stripe-owned Bridge to issue the ... Read more âș
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Many chief information officers at large companies are hesitant to put critical parts of their business operations in the hands of AI agents. Thatâs because when agents go off the rails, the damage can be potentially catastrophic, as one customer of AI coding startup Replit learned this summer after its service deleted the contents of one of his databases without permission. Now, some software providers are updating tools that help... Read more âș
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Nvidia stock fell as much as 6% on Tuesday, following The Informationâs reporting that Meta is in talks with Google to spend billions of dollars to put Googleâs TPU chips into its data centers in 2027. Shares were down around 3.5% as of midday Tuesday, representing a $150 billion drop in the ... Read more âș
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TikTok has hired former Boeing executive Ziad Ojakli to lead its U.S. public policy operations, replacing outgoing policy lead Michael Beckerman, who announced earlier this year that he was stepping down. Ojakli, who previously served as Boeingâs vice president of government operations and ... Read more âș
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Thereâs been a lot of talk that AI tools have yet to prove their worth. But if revenue is anything to go by, there's one area where AI tools have undoubtedly provided real returns: software engineering.The collective revenue generated from AI coding tools like Anysphereâs Cursor and Anthropicâs Claude Code has surpassed $3.1 billion. This includes nearly $400 million in annualized revenue being generated from Cognitionâs Devin coding agent, a... Read more âș
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09.05.2026 09:36
Last update: 09:25 EDT.
News rating updated: 16:30.
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