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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At our Women in Tech, Media and Finance conference Wednesday, AI leaders from Microsoft, PagerDuty and Index Ventures got into the nitty gritty of what it’s like to invest in, develop, buy and use AI products. Our top takeaways.1. Not everyone’s a fan of vibe coding. Lucy Guo, the CEO of creator startup Passes and a cofounder of data labeling firm Scale AI, said that she’s met companies that claim... Read more ›
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Chinese tech giant Tencent Holdings is investing in artificial intelligence agent Genspark in a funding round that values the startup at more than $1 billion, according to two people with knowledge of the matter. Genspark, based in Singapore and Palo Alto, is the latest addition to Tencent’s ... Read more ›
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Elon Musk has already dampened expectations for when Tesla will widely roll out its robotaxi service, which the CEO says is critical to the automaker’s future. But it’s questionable whether Tesla will even be able to hit the lowball expansion figures Musk disclosed to Tesla shareholders last week. Tesla has yet to complete all the paperwork necessary to start offering Robotaxi rides in Arizona and Nevada, two of the three... Read more ›
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A major staff reorganization at YouTube on Wednesday in part reflects the growing importance of subscriptions to the streaming service’s business, a top executive from the video juggernaut said on Wednesday. Subscriptions are “a major monetization driver, so that deserves the attention of a senior leader reporting into [YouTube CEO] Neal [Mohan],” said Mary Ellen Coe, YouTube’s chief business officer, at The Information’s Women in Tech, Media and Finance conference. Read more ›
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Mark Zuckerberg is doubling down on AI—again. And the cost is mounting. Meta Platforms reported Wednesday that its increased investment in AI, both for hiring star AI researchers and for investing billions in data centers, hurt its operating profit margins and squeezed its free cash flow by one-third in the third quarter. Since the end of last year, Meta’s cash balance has fallen 43%. And yet Zuckerberg said Wednesday evening... Read more ›
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YouTube announced a “voluntary exit program” allowing eligible employees in the U.S. to choose to leave the company with severance, Neal Mohan said in a memo to employees on Wednesday. Mohan also announced a reorganization that combines YouTube’s product teams into three umbrella organizations ... Read more ›
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Meta Platforms reported a 26% increase in its third-quarter revenue that exceeded its own forecasts for the period. But the company also saw a 32% increase in its costs as it spent heavily to recruit superstar artificial intelligence researchers and operate its growing fleet of data centers. The ... Read more ›
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Microsoft revenue grew 18% to $77.7 billion in the three months ending in September, the same rate of growth as the June quarter, the company said Wednesday. Revenue growth stayed flat despite Azure cloud-server rental revenue rising 40% during the September quarter—3 percentage points higher ... Read more ›
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Google’s revenue from renting out cloud servers rose 34% in the September quarter compared to the same period last year, powering faster revenue growth at its holding company, Alphabet. The result, in part due to its cloud sales to artificial intelligence developers, gives the company more cover ... Read more ›
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Sophie Boulanger, the CEO of SRTX, the Canadian manufacturer of Sheertex tights, has stepped down after less than two months on the job, according to a company spokesperson. SRTX has begun a formal strategic review of its business that could lead to a sale or recapitalization, the spokesperson ... Read more ›
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Morgan Stanley has agreed to acquire EquityZen, a trading platform for buying and selling stakes in private companies. Terms of this transaction weren’t disclosed. The deal, the bank’s first acquisition under CEO Ted Pick, reflects the increasing appetite of Wall Street to invest in privately ... Read more ›
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Nvidia’s market capitalization passed $5 trillion on Wednesday, about $1 trillion more than the next-most valuable company, the latest testament to Nvidia’s strong position in the AI sector. Nvidia shares were up 3% to slightly above $207, giving the company a market capitalization of $5.04 ... Read more ›
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Italian tech conglomerate Bending Spoons struck a deal to buy once-powerful internet powerhouse AOL from Apollo-owned Yahoo for an undisclosed price, adding to a recent spate of purchases by the company of faded U.S. tech firms. Reuters had reported at the start of October that Bending Spoons ... Read more ›
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The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public in hopes of increasing investment in the tech sector. In recent months, securities regulators in China approved the public listings of two chip designers, MetaX and Moore Threads, in less than three months. Chinese regulators typically take a year to approve the public listing of a company.... Read more ›
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A Washington D.C-based startup developing software for artificial intelligence data centers to connect to the power grid said it raised $18 million in new capital in a deal led by Lowercarbon Capital, with participation from Nvidia, Radical Ventures, and National Grid Partners. The startup, ... Read more ›
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Payments tech giant Fiserv’s stock collapsed 45% on Wednesday morning after the company slashed its revenue growth outlook for 2025 and announced a management shakeup. Fiserv, whose Clover payments service competes with companies such as Square, reported 1% revenue growth for the third quarter ... Read more ›
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OpenAI flooded the zone yesterday with a long-awaited announcement regarding its revised agreement with Microsoft and corporate restructuring, and an hour-long livestream in which CEO Sam Altman and Chief Scientist Jakub Pachocki answered questions from the public. (For more on the restructuring, check out this story from my colleagues.)On the livestream, the two men covered a range of topics, from OpenAI’s decision to allow more NSFW content like erotica on... Read more ›
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Paris Hilton said she has spent years training an artificial intelligence chatbot based on her interviews, writing and songs that knows her “sometimes even better than I know myself.” “It’s studied every single thing I’ve done, everywhere I’ve been, every interview I’ve done,” she said onstage at The Information’s Women in Tech, Media and Finance conference in Yountville, Calif., on Tuesday night. “It’s like having, not a clone, but a... Read more ›
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Etsy said Wednesday that CEO Josh Silverman will step down and become the executive chairman of the online marketplace’s board, as the company tries to revamp itself amid continually declining sales. He will be replaced by Kruti Patel Goyal, a longtime Etsy executive who was previously its ... Read more ›
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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 ›
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09.05.2026 18:37
Last update: 18:30 EDT.
News rating updated: 01:31.
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