Explore our new Generative AI Database, featuring 35+ companies leading the sector.Read more

Jeff Bezos, center, after his space flight in July. Photo by AP

The Best and Worst of the Summer's Tech Stories

Photo: Jeff Bezos, center, after his space flight in July. Photo by AP

With Labor Day upon us, summer is effectively over. And with news today thin on the ground, this seems an appropriate moment to review the highs and lows of the summer in tech business. So without further ado, here are The Briefing’s awards for the most distinctive tech business stories of the past three months:

Worst Boys-and-Their-Toys Moment: This is a tie between Richard Branson and Jeff Bezos for their rocket ship rides, days apart in July. The competition between the two was so intense that Branson’s ship was reportedly in danger during its flight but the pilots didn’t abort, possibly to avoiddispleasing the boss. As for Bezos, his comments afterwards thanking Amazon customers “because you paid for all this” came across as just a touch clueless.

Worst Planned IPO: Didi Global. No contest here. What Chinese company goes public after warnings by the Chinese government not to go ahead? Didi stock almost immediately lost nearly half its value. 

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller.
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Nvidia CEO Jensen Huang. Photo by Bloomberg
semiconductors ai
Why Nvidia Aids Cloud Rivals of AWS, Google and Microsoft
Nvidia’s business of selling chips for artificial intelligence is going gangbusters, but the company faces a looming problem.
Tim Cook. Photo by Bloomberg
Exclusive apple ar/vr
Apple’s Learning Curve: How Headset’s Design Caused Production Challenges
If Apple unveils its long-awaited mixed-reality headset next week as expected, it will represent the company’s riskiest gamble on a new product since the iPhone.