Jury selection begins Monday in Oakland federal court for the trial that will determine whether OpenAI’s conversion from a nonprofit to one of the most valuable companies in the world was a breach of charitable trust. Elon Musk, who co-founded OpenA…
Lees meerChina’s Ministry of Commerce issued a formal condemnation on Saturday after the European Union included approximately 27 Chinese and Hong Kong entities in its 20th sanctions package against Russia, the largest round of listings in two years. Beijing…
Lees meerChina’s most powerful governing bodies, the Chinese Communist Party Central Committee and the State Council, issued comprehensive labour rules for gig workers on Sunday, the first time the party’s highest authority has formalised protections for the…
Lees meerThe Shiller cyclically adjusted price-to-earnings ratio for the S&P 500 stands at approximately 38 to 40, depending on the day you check. In 155 years of recorded data, the CAPE has been higher exactly once: March 2000, when it reached 44.19, one mo…
Lees meerIn short: Oracle closed a $16.3 billion financing for a single data centre campus in Saline Township, Michigan, the largest single-facility technology debt package ever assembled. PIMCO anchored roughly $10 billion of the bond tranche because US ban…
Lees meerSummary: Porsche unveiled the Cayenne Coupe Electric at Auto China in Beijing, a 1,139 hp electric SUV that does 0-60 in 2.4 seconds with up to 669 km WLTP range and 16-minute fast charging, starting at $113,800. It launches during the worst financi…
Lees meerSummary: Stanford professor James Zou is reportedly raising approximately $100 million at a valuation targeting $1 billion for a startup called Human Intelligence that applies AI to research on the human body, according to Bloomberg. Zou’s research …
Lees meerSummary: Meta signed a multibillion-dollar, multi-year deal to deploy tens of millions of Amazon’s Graviton5 ARM CPU cores in AWS data centres for agentic AI workloads. The chips are general-purpose processors, not AI accelerators, handling the CPU-…
Lees meerSummary: Meta and Microsoft announced workforce reductions on the same day, April 23, affecting up to 23,000 positions combined. Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles effective May 20, while Microsoft launched its…
Lees meerAs artificial intelligence systems scale rapidly across enterprise environments, a critical gap is becoming harder to ignore: security is not evolving at the same pace as deployment. Organizatio…
Lees meerThe gap between finishing a course and actually being useful on a team, Denis Brovarnyy has seen it from both sides. And in an era where AI is reshaping every technical role, that gap is getting more expensive to ignore. Companies are no longer expe…
Lees meerIn short: X-Energy raised $1.02 billion in the largest nuclear IPO on record, pricing at $23 (21% above range) on the Nasdaq, with shares surging 31% on opening to imply a $12 billion market cap. The offering was 15x oversubscribed. The same company…
Lees meerIn short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximately $36 billion after Intel’s stock surged 20%+ on a…
Lees meerSummary: Google is investing up to $40 billion in Anthropic ($10B cash now at $350B valuation, $30B conditional on performance targets) plus five gigawatts of compute over five years, bringing its total commitment to ~$43B. The deal arrives as Anthr…
Lees meerErdŏgan has 15 days to sign the bill into law. The legislation enters into force six months after publication in the Official Gazette. The main opposition CHP criticised it as a political censorship tool rather than child protection. Turkey has prev…
Lees meerQ1 revenue of $13.6 billion beat the $12.4 billion consensus by 9.4%. Data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP EPS of $0.29 beat the 1-cent consensus by a factor of 29. The stock is up more than 80% this year. Intel is working w…
Lees meerThe Hangzhou startup released preview versions of both models on Hugging Face on Friday. V4-Pro claims top performance on coding and maths among open models, trails only Gemini 3.1-Pro for world knowledge, and falls “marginally short” of GPT-5.4 and…
Lees meerSummary: Meta is cutting approximately 8,000 employees (10% of its workforce) beginning 20 May, cancelling 6,000 open roles, and planning additional cuts for H2 2026. The layoffs, announced via an internal memo from HR head Janelle Gale, are structu…
Lees meerThe McLean, Virginia startup’s Caspian platform sits as a command layer above existing security stacks, deploying pre-trained AI agents into air-gapped and compliance-restricted environments. One of its co-founders is Nick Pompeo, son of former US S…
Lees meerSummary: The White House OSTP released a policy memo accusing China of “industrial-scale” distillation of US AI models, committing to share intelligence with US AI companies and explore accountability measures. OpenAI accused DeepSeek of distilling …
Lees meerThe oversubscribed financing, led by Triatomic Capital, caps a restructuring that addressed $18.7 million in debt, converted $10 million of that to equity, and preserved 60-plus patents. The company had been days away from liquidation in late 2024. …
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