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The Weekend
Tech's Proudest Workforce No Longer
July 15, 2023
Pro Weekly
Pro Weekly: Google's Influence on Generative AI
July 14, 2023
The Briefing
Court Ruling Will Create Ripples for Individual Crypto Investors
July 13, 2023
Dealmaker
Who Could Lead OpenAI’s VC Fund?
July 13, 2023
Creator Economy
Lucy Guo’s Passes to Buy Fanhouse
July 13, 2023
The Electric
The Electric: A New Way to Save Water, and Money, in Making Cathodes
July 13, 2023
Crypto Global
Dapper Labs Exit Marks Latest NFT Policy Shakeup
July 12, 2023

Briefings

Tesla Builds First Cybertruck After Years of Delays
July 16, 2023
Twitter Still Cash Flow Negative, Musk Says
July 15, 2023
Coinbase to Halt Some Staking Services in California, 3 Other States
July 14, 2023
Binance Fires More Than 1,000 Employees
July 14, 2023
Goldman’s PE Arm Taking Educational Gaming Company Kahoot Private
July 14, 2023
CAA in Talks to Sell Majority Stake
July 14, 2023
Jasper, Mutiny AI Startups Cut Workers As Chatbot Rivalry Grows
July 14, 2023
Appeals Court Denies FTC Emergency Motion to Block Microsoft-Activision Deal
July 14, 2023
Tucker Carlson Is Reportedly Raising Money for New Media Company
July 14, 2023
Amazon Lays Off Around 80 Pharmacy Employees
July 14, 2023
JPMorgan, Wells Fargo Second-Quarter Profits Rise; Citi Sags
July 14, 2023
SpaceX Nears $150 Billion Valuation
July 13, 2023
Hollywood Actors Join Writers in Labor Strike Against Studios
July 13, 2023
E-Commerce Sales Hit $12.7 Billion During Amazon’s Prime Day
July 13, 2023
Disney CEO Bob Iger Floats Selling Its Cable TV Channels
July 13, 2023
Ex-Celsius CEO Alex Mashinsky Arrested, Sued by SEC and CFTC
July 13, 2023

Subscriber comments

Jud Valeski

on OpenAI Considers Creating an App Store for AI Software

Reckoning is coming for OpenAI… they’d be smart to get the marketplace going in earnest. Playing with what mostly amounts to a hallucinating NLP engine is losing steam quickly. Time for thousands of adjacent flowers to bloom.

Brad Templeton

on SoftBank’s Onetime Pizza-Robot Darling Shuts Down

It was a silly investment for the time. One obvious flaw is that the pizza tasted terrible. Which is odd because we should start seeing foods that robots make flawlessly -- if given a great formula and training from a great chef, allowing that food to scale in a way it could not before. But pizza already scales.

Yutaka Okura

on Google Invests in AI Startup Runway to Wrest Cloud Business From AWS

Google used to always aim high - like B-HUG (Big Hairy Audacious Goal) as they call it internally. But their recent investment looks like just following social technical trend, rather than setting the trend. I would like them to regain dynamism of leading the society, further investing in moonshot type of activities such as they used to do it at GoogleX.

Carsten Schmidt

Carsten Schmidt

on TikTok Is Not the Enemy

While TikTok is certainly shady, there hasn’t been any clear evidence that shows they are guilty. I think the government owes it to the people to provide clear evidence of this being a clear security threat before banning a service.

Ivan Bou

on Musk Tells Tesla Staff He Must Approve All Hiring—Again

Carly Fiorina and Mark Hurd did the same at HP for many years. It kept creating a situation where sales people would love and territories would stay open for months and months because approvals took forever. When you don't trust people to manage to a budget and then use use blunt instruments to massage numbers to quarterly targets, this is what you do.

Andrew Hopkins

on Scared of Leaking Data to ChatGPT? Microsoft Tests a Private Alternative

Controlling the data feeding "private models" is part of the problem though. The more data you can feed a "private model", the more likely you are to derive value from it... but, how do you control access to data that could be sensitive or regulated? You have to control the output as well.

Jason Geater

on Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month

Shows just how much free money has artificially inflated assets prices (into the stratosphere) in the most highly-levered asset class. Exacerbate the issue by making said loans against fantasy VC valuations sounds like a recipe for success: ‘This founder has liquidity issues, but they have a billion in founder stock.…We’re going to ascribe value to that and give them a loan. We’re not like the boring banks who need a salary" This will certainly end well when all of the "unicorn" founder borrowers start defaulting on their mega-mansions.

Latest Articles

Character.AI's cofounders Noam Shazeer and Daniel de Freitas. Photos by Getty. Art by Shane Burke.

Deals

Character.AI in Talks to Raise Funding as Meta Platforms Tests Rival

By Jon Victor and Kate Clark · July 15, 2023 7:00 AM PDT

Character.AI, which lets users create artificial intelligence–powered chatbots modeled after figures like TV character Tony Soprano and Tesla CEO Elon Musk, is in talks with investors about raising an...

Image: 幸运飞行艇官网开奖记录 168飞艇开奖官网直播、幸运168飞艇官方开奖查询记录 Character.AI's cofounders Noam Shazeer and Daniel de Freitas. Photos by Getty. Art by Shane Burke.

Animation by Clark Miller

The New Mavericks: 168飞艇官网直播结果、幸运168飞艇官方开奖查询记录+视频直播结果 Mark Zuckerberg Joins Pilot–CEOs Elon Musk, Sam Altman in Pursuing Flying License

By Andrew Zucker · July 15, 2023 6:01 AM PDT · 6 comments

When tech’s biggest names head home from the Allen and Co. mogul fest in Sun Valley, Idaho, this week, most will walk up the airstairs of their private jet and turn right toward their cream-colored cabin seats. But an increasing number could take a left and sit in the cockpit. Every top gun in tech, it seems, wants to become a pilot. The... When tech’s biggest names head home from the Allen and Co. mogul fest in Sun Valley, Idaho,...

Nvidia CEO Jensen Huang

With Nvidia’s Help, Revenue Surges at Smaller Cloud Providers

By Aaron Holmes, Anissa Gardizy and Amir Efrati · July 14, 2023 2:22 PM PDT · 4 comments

The demand for artificial intelligence chips is turning into a boom for several upstart cloud-server providers, thanks to the complicated politics of the tech industry. Consider the case of one young cloud provider, CoreWeave. The company has received a generous allotment of the latest AI server chips from Nvidia, the dominant force behind... The demand for artificial intelligence chips is turning into a boom for several upstart...

Art by Mike Sullivan

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Why Meta Finally Went for Twitter’s Throat

By Sylvia Varnham O'Regan and Kaya Yurieff · July 14, 2023 11:42 AM PDT · 5 comments

Meta Platforms’ successful launch of its Twitter-like app, Threads, came together in just six months of furious work by a tiny team of engineers. But the desire within Meta’s top ranks to take on Twitter goes back years. The company’s Instagram unit even began building a text-based prototype similar to Twitter, which they... Meta Platforms’ successful launch of its Twitter-like app, Threads, came together in just...

Art by Mike Sullivan

American Cricket, Anyone? Behind a New Pro Sports League, a Lineup of Elite Tech CEOs

By Daniel Kaplan · July 14, 2023 10:00 AM PDT · 2 comments

Art by Mike Sullivan

The New Ballgame

American Cricket, Anyone? Behind a New Pro Sports League, a Lineup of Elite Tech CEOs

By Daniel Kaplan · July 14, 2023 10:00 AM PDT · 2 comments

Ordinarily, a new joint venture backed by executives from Microsoft, Adobe, Meta Platforms, Akamai and Accenture would grab major headlines in the U.S. tech press. But when that venture is a pro cricket league, well…it’s crickets. Still, this week’s launch of Major League Cricket marks a seminal moment for American cricket... Ordinarily, a new joint venture backed by executives from Microsoft, Adobe, Meta Platforms,...

Art by Clark Miller

Google’s Darkest Days: After Three Deaths, a Workforce Reckons with a Changed Company

By Becky Peterson · July 14, 2023 8:21 AM PDT · 14 comments

For Google employees, the news was a devastating turn in an already disorienting year. In May, a 31-year-old senior engineer at the company, later identified by police as Kevin Rawlings, died at Google’s New York office late at night in an apparent suicide. Rawlings’ death followed that of another Google employee in New York, a... For Google employees, the news was a devastating turn in an already disorienting year. In...

enterprise Finance

Deal Activity on the Rise as Bankers Say Merger Conversations Are Picking Up

By Rachel Graf · July 14, 2023 6:00 AM PDT · 4 comments

After more than a year of stalled merger and acquisition activity, the deals market is showing signs of life. Bankers, lawyers and private equity dealmakers say they’ve had more discussions about potential acquisitions in the past several weeks than in the past year. And “it’s not just kicking tires,” said Brian McPeake,... After more than a year of stalled merger and acquisition activity, the deals market is showing...

The Ripple Labs Inc. booth at the Blockchain Week Summit in Paris on March 22. Photo by Getty.

Why the Crypto World Is Celebrating Ripple’s Partial Win Over the SEC

By Aidan Ryan · July 13, 2023 1:32 PM PDT · 1 comment

The crypto world is celebrating after a federal judge issued a long-awaited ruling in the Securities and Exchange Commission’s case against Ripple Labs, saying some sales of Ripple’s xrp token did not constitute illegal securities sales. Shares in top U.S. crypto exchange Coinbase soared 25% after the ruling dropped, and xrp tokens... The crypto world is celebrating after a federal judge issued a long-awaited ruling in the...

Art by Clark Miller.

If Gig Workers Are Truly Independent Contractors, Treat Them That Way

By David Pickerell · July 13, 2023 9:00 AM PDT · 3 comments

Art by Clark Miller.

If Gig Workers Are Truly Independent Contractors, Treat Them That Way

By David Pickerell · July 13, 2023 9:00 AM PDT · 3 comments

The California Supreme Court recently agreed to hear a challenge from labor unions to Proposition 22, which classified gig workers as independent contractors rather than as employees. Many gig workers want to be independent contractors, but Prop 22 doesn’t honor the spirit of what this means. I run a company that works frequently with gig... The California Supreme Court recently agreed to hear a challenge from labor unions to Proposition...

Foreground: Source Code Capital founder Charlie Cao. Background: Zhang Yiming, founder of ByteDance. Photos via Source Code Capital and Getty.

asia venture capital

For Early ByteDance Investor and China Venture Star, the Results Are a Paper Tiger

By Juro Osawa · July 13, 2023 6:00 AM PDT

In some ways, Source Code Capital is China’s version of Andreessen Horowitz—it’s a relative newbie to venture investing that has surged to the top echelons of the Chinese venture capital industry and raised billions of dollars—in large part thanks to founder Cao Yi’s early bet on ByteDance. In fact, some of the... In some ways, Source Code Capital is China’s version of Andreessen...

Naveen Rao, CEO of MosaicML, and Jake Heller, CEO of Casetext. Photos via Getty and YouTube/Casetext; Art by Shane Burke.

VCs’ Latest Foe in Race for AI Startup Deals: Buyout Offers

By Kate Clark and Erin Woo · July 12, 2023 3:25 PM PDT · 2 comments

Venture capital investors face stiff competition in artificial intelligence startup deals from Google and Nvidia, which are increasingly winning stakes in the startups by offering founders price breaks on cloud computing or chips. But VC investors face competition from another quarter: corporations that are willing to pay top dollar to buy... Venture capital investors face stiff competition in artificial intelligence startup deals from...

Photo by Getty.

startups Finance

Liquid Death Hires Goldman Sachs, Aiming for 2024 IPO

By Cory Weinberg, Maria Heeter and Erin Woo · July 12, 2023 2:58 PM PDT · 13 comments

The parched market for initial public offerings is likely to see a new entrant soon: a canned water company. Liquid Death, the irreverent water brand backed by venture capitalists, has hired Goldman Sachs to lead a potential IPO as soon as next spring, according to a person familiar with the matter. The decision follows one of the few IPO... The parched market for initial public offerings is likely to see a new entrant soon: a canned...

OpenAI CEO Sam Altman. Photo by Getty. Art by Mike Sullivan

Sam Altman’s Tangle of Investments

By Natasha Mascarenhas · July 12, 2023 11:11 AM PDT · 3 comments

OpenAI CEO Sam Altman. Photo by Getty. Art by Mike Sullivan

microsoft startups

Sam Altman’s Tangle of Investments

By Natasha Mascarenhas · July 12, 2023 11:11 AM PDT · 3 comments

Among the many unusual facts about OpenAI, the buzzy startup behind the hugely popular chatbot ChatGPT, the most extraordinary may be that Sam Altman, its CEO and co-founder, doesn’t have any equity in it. He gave up the opportunity for a huge potential payday, he says, simply because he doesn’t need the money. But Altman, 38, has a... Among the many unusual facts about OpenAI, the buzzy startup behind the hugely popular chatbot...

Wiz CEO, Assaf Rappaport. Photo by Getty.

startups enterprise

Cloud Security Startup Orca Sues Biggest Competitor, Wiz, for Patent Infringement

By Aaron Holmes and Kate Clark · July 12, 2023 9:53 AM PDT · 1 comment

Fierce competition between two of the hottest and most highly valued security startups has turned into a legal battle. Orca Security, which became known for spotting glaring security flaws in Microsoft software, on Wednesday sued its biggest competitor, Wiz, alleging it illegally copied patented software that monitors data stored on cloud... Fierce competition between two of the hottest and most highly valued security startups has turned...

TSMC's chief executive officer, C. C. Wei. Photo by Getty. Art by Mike Sullivan

semiconductors asia

World’s Largest Chip Maker Rethinks Security, Responding to Pressures on Hiring

By Wayne Ma · July 12, 2023 6:00 AM PDT · 1 comment

HSINCHU, Taiwan—For decades, Taiwan Semiconductor Manufacturing Co., the world’s largest chip manufacturer, has been notorious for its extreme culture of secrecy and security, designed to both prevent cyberattacks and to ensure that employees and outsiders don’t steal information about the company’s sophisticated... HSINCHU, Taiwan—For decades, Taiwan Semiconductor Manufacturing Co., the world’s...

ByteDance founder Zhang Yiming. Photo by Getty

ByteDance Plans Share Buyback for TikTok Employees Later This Year

By Kaya Yurieff and Cory Weinberg · July 11, 2023 2:00 PM PDT

TikTok’s parent company, ByteDance, plans a share buyback for U.S. employees later this year, according to an email sent to current and former employees. The share sale could indicate that the company isn’t planning to go public anytime soon. Word of the buyback came the same day that ByteDance told employees it was... TikTok’s parent company, ByteDance, plans a share buyback for U.S. employees later this...

Photo by Getty.

SVB Tries to Heal Its Branding Black Eye

By Michael Roddan · July 11, 2023 6:00 AM PDT · 2 comments

Photo by Getty.

startups Finance

SVB Tries to Heal Its Branding Black Eye

By Michael Roddan · July 11, 2023 6:00 AM PDT · 2 comments

When Abhi Yadav, co-founder of the Cambridge-based AI Innovators Community forum, was preparing a June summit for artificial intelligence startups, he reached out to Silicon Valley Bank to see if the lender would support the conference. “They jumped on it,” Yadav said. The event wound up drawing 150 executives. SVB’s director... When Abhi Yadav, co-founder of the Cambridge-based AI Innovators Community forum, was preparing a...

Andrew Bosworth, chief technology officer of Meta Platforms, speaks during an online event last October. Photo by Getty Images

Meta Tech Chief’s Power Grows, Despite Missteps

By Sylvia Varnham O'Regan · July 10, 2023 6:00 AM PDT · 12 comments

Mark Zuckerberg and his longtime lieutenant, Andrew Bosworth, were at odds. It was mid-2019 and the two men held a series of discussions about Meta Platforms’ plans to build futuristic eyeglasses, part of Zuckerberg’s ambitions to control the hardware underpinnings of the next wave of technology. Bosworth—the imposing 6-foot,... Mark Zuckerberg and his longtime lieutenant, Andrew Bosworth, were at odds. It was mid-2019 and...

Art by Clark Miller

The Next Platform for AI-Generated Art: Your Bicep

By Chris Stokel-Walker · July 8, 2023 6:00 AM PDT

Twelve days before last Christmas, Marina Rosa, an artificial intelligence engineer in São Paulo, Brazil, walked into a neighborhood tattoo parlor and laid her left arm on the table. Rosa then asked artist Nadine Guerra to give her a tattoo made up of various elements, including a 1950s-style female cyborg, an abstract squiggle, and four... Twelve days before last Christmas, Marina Rosa, an artificial intelligence engineer in São...

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‘More or Less’: Twitter Won’t Die! Long Live Threads!

By Jessica E. Lessin · July 7, 2023 11:52 AM PDT · 1 comment

I knew that this week's conversation on Threads was going to be fun! For better or worse, the Morins and the Lessins have a lot of social media DNA. Dave built a social network Path and helped create the Facebook platform. Sam spent years working on Facebook's social network, wrestling with the balance of public and private content.... I knew that this week's conversation on Threads was going to be fun! For better or...

Art by Mike Sullivan.

A New VC-Beloved Startup Rips a Page From Meta’s Playbook

By Annie Goldsmith · July 7, 2023 11:00 AM PDT · 2 comments

Art by Mike Sullivan.

A New VC-Beloved Startup Rips a Page From Meta’s Playbook

By Annie Goldsmith · July 7, 2023 11:00 AM PDT · 2 comments

It’s a return to a simpler version of a popular social network. An app without fancy bells and whistles. A new iteration of a famously walled garden, one less commercialized, uncluttered (so far) by advertising, and with more palatable ownership. No, I’m not talking about Instagram’s Threads. This week, as Meta Platforms... It’s a return to a simpler version of a popular social network. An app without fancy bells...

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