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An Applied Digital subsidiary raised $1.59 billion in the high-yield bond market on Tuesday to fund a fourth building at its Polaris Forge 1 campus in North Dakota, which will provide 150 megawatts of computing capacity for CoreWeave under a 15-year contract. The bonds were priced to yield 7%, a steep drop from the 10% investors demanded […]
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Oracle reported fiscal fourth-quarter revenue of $19.2 billion, up 21% year on year, and adjusted earnings of $2.11 per share, beating analyst estimates of $19.1 billion and $1.97 respectively. The numbers were overshadowed by capital expenditure that came in well above the company’s own projections. The company spent approximately $55.7 billion on capital expenditure in […]
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Elon Musk has called the ability to fall asleep in a Tesla and wake up at your destination the “acid test” for true autonomy. He first described that vision in 2014 and repeated it on Tesla’s Q1 2025 earnings call, saying he was confident it would be available in many US cities by the end of that […]
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Palantir CEO Alex Karp says full nationalization of AI companies is coming, and that Senator Bernie Sanders’ proposal for 50% public ownership will soon look moderate. “In two years, they’re not going to think Bernie Sanders is progressive,” Karp told CNBC on Wednesday. “They’re going to be like, ‘Bernie Sanders, you only want 50%? What […]
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Chaotic Eclipse, the security researcher Microsoft threatened with criminal prosecution, has published a seventh Windows zero-day exploit. Called RoguePlanet, it grants attackers SYSTEM privileges on fully patched Windows 10 and 11 machines. The researcher released the proof-of-concept hours after Microsoft shipped its June Patch Tuesday update, which fixed a record 200 vulnerabilities. RoguePlanet exploits a […]
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Paramount is unifying the tech stacks behind Paramount+, Pluto TV, and BET+ onto a single backend infrastructure by mid-2026. CEO David Ellison announced the consolidation earlier this year. It is designed to eliminate duplicate systems, improve the app experience, and build the playbook for absorbing HBO Max after the $110 billion Warner Bros. Discovery merger […]
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Anthropic has published two policy frameworks calling for governments to have the legal authority to block dangerous AI deployments and for economic safeguards to protect workers as AI reshapes the labour market. The Advanced AI Framework covers safety regulation. The Economic Policy Framework addresses displacement, capital distribution, and the social safety net. The safety framework […]
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Anthropic wants governments to have the power to block dangerous AI deployments Read More »
Stockton, California, has approved a $3.15 million investment in police drones that can respond to 911 calls in as little as 30 seconds. The city council voted 7-0 to expand its contract with Flock Safety, adding a drone-as-first-responder platform to the automatic licence plate readers the company already supplies. The total contract value now exceeds […]
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Microsoft President Brad Smith has responded to the wave of graduating students booing AI at commencement ceremonies with a 3,000-word essay that acknowledges their concerns and offers no concrete changes. Published on Microsoft’s official blog on Tuesday, the essay called the backlash a “powerful wake-up call for the tech sector.” His prescription: the graduates should […]
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The White House is negotiating with key senators to bundle federal preemption of state AI laws with three online safety bills, Axios reported. Senator Marsha Blackburn is leading the effort to finalise legislative text. The package would block state AI regulation for three years in exchange for passing the Kids Online Safety Act (KOSA), the […]
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