Employees are increasingly using AI to interpret messages from bosses and draft responses, a phenomenon called 'social offloading' that risks undermining human relationships and interpersonal skill de…
Former MIT AI Lab researcher Richard Stallman convinced the author that open source software accelerates progress, a lesson now threatened as AI companies close their most advanced models. The author …
SpaceX's IPO last month raised $86 billion, but 95% of shares are locked in an unusually complex schedule with 15 release dates, designed to prevent a market flood. Experts call it one of the most com…
China's quantitative fund industry ended 2025 managing 3.22 trillion yuan ($474 billion), rebounding from a 2024 low after regulators cracked down on high-frequency trading. Over 60% of quant funds no…
Weekly code commits to crypto and blockchain projects have collapsed 75% since early 2025 as developers defect to AI work, with Solana co-founder Anatoly Yakovenko warning that AI could break post-qua…
Microsoft announced a $2.5 billion investment in a new business unit, Microsoft Frontier, to help enterprise customers adopt AI tools and demonstrate return on investment. The unit will employ 6,000 f…
Together AI raised $800 million in Series C funding at an $8.3 billion valuation, led by Aramco Ventures with participation from Nvidia and others. The company, which provides infrastructure for runni…
Venice AI, founded by Erik Voorhees, raised $65 million in Series A funding led by Dragonfly, with Coinbase Ventures and North Island Ventures participating, achieving a $1 billion valuation. The star…
Palo Alto Networks CEO Nikesh Arora warns that 90% of employees at large companies lack AI skills, creating a 'Darwinian moment' where workers must evolve or face career obsolescence. Arora is hiring …
Cisco is rolling out an internal AI assistant called Circuit that handles HR tasks like vacation requests and 401k queries, routing work across four AI models including Azure OpenAI, Anthropic's Claud…
Meta is developing a cloud infrastructure business called Meta Compute to rent out unused AI computing power, potentially competing with AWS, CoreWeave, and Lambda. The initiative, still in early stag…
Cisco Systems is deploying AI agents to all 90,000 employees starting in its new fiscal year, providing personalized assistants that handle tasks and route requests to the most efficient AI model. The…
Twelve Labs Inc., a video AI startup backed by Nvidia, raised $100 million in Series B funding co-led by New Enterprise Associates and Naver, with Amazon.com participating. AWS signed a multiyear cont…
Oracle spent $55.7 billion building AI data centers this fiscal year, with plans to spend even more by 2027, but the widening gap between capital expenditures and cash flow has become Wall Street's cl…
A rare bipartisan AI bill, the CREATE AI Act, is advancing through Congress to permanently establish the National Artificial Intelligence Research Resource (NAIRR) at the National Science Foundation. …
Jeremy Fiance, founder of AI company Cognitiv, argues that Gen Z can survive AI-driven job displacement by developing adaptable, cross-disciplinary skills rather than hyper-specializing. He cites his …
Singapore's OCBC Bank launched an AI-enabled 'avatar banking' app with virtual financial advisors Wendy and Wayne, offering round-the-clock wealth management advice. CEO Tan Teck Long said the AI will…
The Department of Commerce lifted export controls on Anthropic's Claude Fable 5 and Mythos 5 models on June 30, ending an 18-day standoff triggered by a jailbreak discovered by Amazon researchers. The…
Tech and finance firms are cutting thousands of jobs monthly while increasing AI spending, with Oracle cutting 21,000 jobs and AI cited as the top reason for layoffs for three straight months. Goldman…
Goldman Sachs warns that leveraged stock bets are heavily concentrated in the AI ecosystem, with net margin borrowing reaching $1.4 trillion, equivalent to 1.8% of all U.S. stocks. The concentration o…