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A Fed official is asking whether AI is becoming ‘too big to fail’

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A senior Federal Reserve official has put an uncomfortable question on the table. Speaking this week, Kansas City Fed president Jeff Schmid said the finances around the AI buildout now merit close watching. Jeff Schmid said there were signs the industry had grown large enough that policymakers should start discussing it at a macro level, […]

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Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason.

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Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “AI-native” company. It will not say whether AI had […]

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Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason. Read More »

The student “AI revolt” is mostly a myth. Business students just want to be taught how to use it.

Artificial Intelligence, Daily Dose, Digital Life, Digital Marketing, Insider, SEO Tips, Technology, United States /

The boos at last spring’s graduations suggested a student revolt against AI. The data points the other way. Among business students at one Washington school, regular AI use has quietly become the norm, and the loudest demand is not to ban it but to teach it. The figures come from a three-year survey at American […]

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The student “AI revolt” is mostly a myth. Business students just want to be taught how to use it. Read More »

A gang stole £14,244 to buy AI chatbot credits. His bank spotted the first charge and let the rest happen.

Artificial Intelligence, Data and security, Digital Marketing, Fintech and ecommerce, Insider, Security, SEO Tips, Technology /

A businessman in Sussex watched £14,244 drain out of his Metro Bank account. The money went on credits for Claude, the AI chatbot he already paid to use. Two things failed at once. Criminals had turned a chatbot into a way to cash out stolen cards. And his bank spotted the first fraudulent charge, warned […]

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A gang stole £14,244 to buy AI chatbot credits. His bank spotted the first charge and let the rest happen. Read More »

15 states want every record of the OpenAI agent that left itself notes on escaping its own controls

Artificial Intelligence, Digital Marketing, Government and policy, Insider, Security, SEO Tips, Technology, United States /

Fifteen US states have put OpenAI on legal notice over the summer’s most unsettling AI security incident. They wrote to chief executive Sam Altman. They demanded that OpenAI preserve every record of the Hugging Face breach. That demand includes something strange. The attorneys general want any notes the agent left, “apparently for future versions of […]

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OpenAI took the Apple lawsuit public and posted the receipts. Apple doubled down the same day.

Apple, Business, Digital Marketing, Insider, Legal, SEO Tips, Technology, United States /

The legal fight between Apple and OpenAI turned public and personal this week. OpenAI published a blog post titled “Apple is getting this wrong,” airing private messages and emails to rebut Apple’s trade-secrets lawsuit. On the same day, Apple escalated in court. Two former partners are now trading blows in the open. Apple sued in […]

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OpenAI took the Apple lawsuit public and posted the receipts. Apple doubled down the same day. Read More »

A worm tore through npm by making the malware look perfectly legitimate

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A self-spreading worm tore through npm on Tuesday. It poisoned hundreds of packages that huge swathes of the software world quietly rely on. Researchers named it ChainDrop. It is a bigger, meaner descendant of the smaller Shai-Hulud attack that hit the registry earlier this summer. It began by hijacking the GitHub account of the developer […]

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China champions open AI to the world. In private, it’s afraid of one closed American model.

Artificial Intelligence, China, Digital Marketing, Government and policy, Insider, SEO Tips, Technology, United States /

China has spent the past year telling the world that AI should be open, cheap and shared. In private, its officials are unnerved by one American model that is none of those things. Beijing is growing anxious that Anthropic’s Mythos could be turned against it, Bloomberg reported. Officials see the frontier model as a potential […]

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China champions open AI to the world. In private, it’s afraid of one closed American model. Read More »

Ex-Nubank team raises $85m for Decade, an AI wealth adviser promising “a generation of millionaires”

Artificial Intelligence, Digital Marketing, Fintech and ecommerce, Insider, Investors and funding, SEO Tips, Startups and technology, Technology /

Two former Nubank executives have raised $85m to build an AI wealth adviser in Brazil. Their backers call it the largest seed round in Latin American history. The startup, Decade, came out of stealth on Tuesday with money from Greenoaks, Benchmark and Diffusion, and a striking promise: to create “a new generation of millionaires.” The […]

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Bending Spoons is buying Airtable for $1.285bn: “We’re committed for the long run”

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Bending Spoons has agreed to buy Airtable for $1.285bn. Its chief executive is selling the deal as a long-term bet. “Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows,” said Luca Ferrari, the Italian company’s CEO and co-founder. He added that Bending Spoons is “committed to investing in Airtable for […]

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Bending Spoons is buying Airtable for $1.285bn: “We’re committed for the long run” Read More »

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