Welcome, Weekenders! In this newsletter:• 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, Recommendations—our weekly pop culture picks: “Expanse: The Nannup Four,” “The Infinity Machine” and “Beef”Watching the Elon Musk versus OpenAI trial from inside the courtroom gave me a front-row seat to the AI boom’s... Read more ›
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Construction lending was a relatively sleepy corner of Wall Street until Oracle stepped up to become one of OpenAI’s biggest cloud providers, leading to a flood of debt to help build new data centers for the database giant. The volume of borrowing is making some lenders leery. Companies building data centers for Oracle have borrowed at least $65 billion this year to help it fulfill a roughly $300 billion cloud... Read more ›
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Chinese tech giant Alibaba Group said Tuesday that revenue from its cloud computing business grew 34% in the quarter through September, thanks to increasing adoption of artificial intelligence in the country. Alibaba’s latest results indicate how Alibaba Cloud, China’s largest cloud service ... Read more ›
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It’s not too often that a controlling shareholder can’t get their way at a public company. But an attempt by the two biggest investors in Grindr to take the gay dating and hookup app private went south on Monday. The reason? They didn’t come up with the money. It’s the latest chapter in a long-running corporate finance saga surrounding Grindr, which is hardly the biggest or most important internet company... Read more ›
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Google is picking up the pace of its efforts to compete directly with Nvidia in the AI chip business. For years, the search giant has rented its own AI chips, known as tensor processing units, to cloud customers who use them in its Google Cloud data centers. Now, though, Google has begun pitching some of those customers—including Meta Platforms and big financial institutions—on the idea of using TPUs in their... Read more ›
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OpenAI launched a new “shopping research” feature Monday, as part of its broader strategy of making ChatGPT into a destination for online shopping. The feature, which is available for free to users who’ve signed up for a free or paid account, is powered by a new GPT-5 mini model that the ... Read more ›
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Grindr, the gay dating and hookup app, said the bid by its two largest shareholders was off the table, due to “continued uncertainty as to the financing for the proposal.” A special committee to its board of directors had been considering an $18 a share bid to take the company private ... Read more ›
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The mood is shifting in AI data center circles. The euphoria of record-setting, multi-gigawatt deals has given way to finger pointing as deadlines to get AI servers online slip or get dangerously close to falling behind.For months, data center builders have told me many of the gigawatt-size AI server facilities are running behind schedule because of the complexities of putting together the biggest clusters of servers ever attempted. Read more ›
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Amazon said it plans to spend up to $50 billion to build new AI data centers for its U.S. government cloud customers that will include almost 1.3 gigawatts of new computing capacity. The data center projects, which are slated to begin next year, show how Amazon Web Services is doubling down ... Read more ›
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Google’s breakthrough with Gemini 3, its latest AI model, has lit a fire under OpenAI and its CEO Sam Altman, who told thousands of his researchers to buckle down and prepare for “rough vibes” and “temporary economic headwinds,” Erin and I reported.What might particularly worry Altman about Google’s latest model is how the tech company got Gemini 3 to be so good in the first place—specifically, through improvements in pretraining.... Read more ›
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Last month, Elon Musk’s X laid off half of the engineering team tasked with building and running systems to fight spam, influence campaigns and illegal content, among other trust and safety issues, according to two people with direct knowledge of the cuts. The team had already been whittled down to less than 20 people before the layoffs, compared to more than 100 from before Musk acquired the company, then known... Read more ›
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The Trump administration is considering approving sales of Nvidia’s H200 artificial intelligence chips to China, according to two people familiar with the discussions. The H200 is roughly twice as powerful as the China-tailored H20 and is designed specifically for training large AI models, for ... Read more ›
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The Ellison family will have plenty to talk about when they convene for Thanksgiving this week (assuming they do!). The price of Oracle has plummeted in the past six weeks, for one thing, reflecting AI bubble jitters centering on Oracle. In the same period of time, Larry Ellison and his son David have been—by all accounts—busy plotting the roughly $90 billion takeover of Warner Bros. Discovery. Their interest—conveyed through the... Read more ›
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All of the big tech companies have long been cash geysers. But the rate at which Nvidia’s cash production has exploded in the past couple of years is on a whole different level than other companies have experienced. And that’s raising questions about how Nvidia will spend its fast-expanding cash pile. Nvidia’s free cash flow has mushroomed from $3.8 billion in the year to January 2023 to an estimated $96.5... Read more ›
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Waymo cars will soon be able to ferry riders from San Francisco to Los Angeles after the California DMV approved a large new area of the state for the autonomous vehicles. Until this decision, Waymos could operate in Northern California along the San Francisco Peninsula and San Jose and in ... Read more ›
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The White House is pausing plans for an executive order over state AI regulation while it waits to see if Republicans can get a provision included in the National Defense Authorization Act to block state AI regulation, according to a person with knowledge of the situation. A draft copy of the ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Zach Dell’s Texas-size dream • The Arena: Figure skating launches a comeback—with AI• Plus, our Recommendations: “Allison After NXIVM,” “The Finest Hotel in Kabul” and “Bugonia”A horrifying thought has lately been immovable from my mind: Am I gonna have to dump ChatGPT for Gemini?Well, Gemini 3 is out, and it’s pretty darn slick: Google has improved the chatbot’s ability to code, search... Read more ›
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To get inside why Zach Dell believes he will shake up the half-trillion-dollar U.S. power industry and then go global, it helps to take account of who’s inspiring the moves. That would be his father, Michael Dell, who sold computer parts out of his college dorm at 19, took Dell Computer public four years later and by age 26 had entirely disrupted the personal computer business and become one of... Read more ›
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Veza, whose software helps businesses monitor employees’ and AI agents’ access to internal data, has been talking to potential buyers about a sale that could value the startup at more than $1 billion, according to people familiar with the discussions. A sale at that level would be a premium to its price in April, when investors led by New Enterprise Associates valued the five-year-old startup at $808 million including the... Read more ›
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Strategy, Michael Saylor’s bitcoin-holding firm, fell 3.7% Friday amid investor concerns that the stock could get excluded from MSCI indexes. Bitcoin fell 2% and is on track for its worst monthly performance since June 2022. Strategy is down 62% from its peak in July this year while bitcoin has ... Read more ›
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Crowdstrike and Salesforce both said this week that they are investigating incidents where hackers attempted to steal internal data, and a hacking group known as Scattered Lapsus$ Hunters has publicly claimed responsibility for both breaches. Salesforce said in an alert to customers that hackers ... Read more ›
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09.05.2026 09:36
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