The AI Industry Is Losing
The Bank of International Settlements warned that the AI investment boom poses systemic risks, with hyperscalers set to spend over a trillion dollars on AI capex from 2025-2026, outpacing earnings and free cash flow. Dis…
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The Bank of International Settlements warned that the AI investment boom poses systemic risks, with hyperscalers set to spend over a trillion dollars on AI capex from 2025-2026, outpacing earnings and free cash flow. Dis…
The Presidential Physical Fitness Test has been revived with only three tests, down from seven, after President Donald Trump signed an order in May restoring the program. Children exercised alongside Robert F. Kennedy Jr…
Meta CEO Mark Zuckerberg dismissed fears about AI-related job displacement, arguing that a focus on empowering individuals rather than automating knowledge work could lead to more jobs. He contrasted Meta's vision with t…
The Pentagon is fast-tracking civilians with AI expertise into officer ranks to address concerns about slow adoption of frontier AI technology. The U.S. Army has commissioned Silicon Valley executives as lieutenant colon…
Europe's AI opportunity lies not in competing for the largest frontier models but in building enterprise architectures that turn models into corporate intelligence, a race where Europe's strengths in formalization, gover…
The City of London Corporation launched a digital identity framework to combat AI-enabled fraud, estimating it could unlock over £5bn for the UK economy. The system, developed with EY and Hogan Lovells, allows consumers …
X launched a hosted Model Context Protocol server that lets AI tools like Claude and Cursor connect directly to its API using user account permissions, eliminating the need for developers to build custom integrations. Th…
Libby, the ebook-lending app from OverDrive, will introduce AI content filters that rely on self-labeling by publishers, allowing readers to opt out of AI-generated books, audiobooks, and translations. CEO Marc DeBevoise…
A federal lawsuit filed June 25 in California accuses Samsung, SK Hynix, and Micron Technology of colluding to fix DRAM prices, causing a 700% price surge since 2022. The complaint alleges the companies coordinated a shi…
Deep Purple drummer Ian Paice said he would allow artificial intelligence to replicate his drumming with his explicit consent, but stressed that any AI use must be transparent and not hidden from the public or artists. H…
Apple forced X to remove iPhone 18 Pro leak videos and suspended the accounts that posted them after a cyberattack on Tata Electronics. The takedowns, which also prompted 9to5Mac to pull its coverage, highlight Apple's p…
Helix Digital Infrastructure launched on June 11 with over $10 billion in committed capital from KKR, NVIDIA, the Kuwait Investment Authority, and Vistra, led by former AWS CEO Adam Selipsky, to acquire US data centers f…
Apify partnered with Coinbase to enable autonomous AI agents to pay for and run its web automation Actors via the x402 payment protocol, eliminating the need for human intervention in service payments. The integration ma…
Warriors rookie Yaxel Lendeborg addressed rumors of LeBron James and Anthony Davis potentially joining Golden State, expressing excitement about learning from veteran stars while hoping to avoid being traded. The 23-year…
San Francisco's AI boom is driving up housing costs so rapidly that even couples earning $365,000 annually struggle to find apartments under $5,000 rent. With median rent at $3,827 and average home prices at $1.7 million…
UK Prime Minister Keir Starmer announced a £15 billion Defence Investment Plan, including £5 billion for drones and autonomous systems, to modernize the British armed forces by 2030 and counter threats from Russia. The p…
AWS announced a $1 billion cloud credit program for U.S. intelligence agencies and a new classified cloud for defense contractors, alongside a $1 billion investment to embed AI engineers with public sector customers. The…
Tidal announced a new policy that AI-generated music will not be eligible for royalties, while Apple Music and Spotify have implemented disclosure and impersonation rules. The policy aims to prevent fraudulent activity a…
Lloyds Banking Group has been accused of debanking left-wing news website The Canary, leaving the media outlet with 'barely any funds' and in a 'financially precarious situation'. The Canary claims Lloyds has not explain…
The Trump administration designated Anthropic a national security supply-chain risk, banned federal agencies from using its products, and forced it to pull its newest AI model after the company refused to allow unrestric…