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GameStop’s Ryan Cohen gives up a pay package worth up to $35bn to chase eBay

Ryan Cohen has asked GameStop’s board to remove the performance-based stock award it proposed for him in January scrapping a package that analysts had valued at as much as $35bn if every milestone were hit. Cohen, who is both chairman and chief executive and draws no salary, said he wanted the company’s leadership focused on […]

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SoftBank’s Son says calling AI a bubble is ‘an insult’

At SoftBank Group’s annual shareholders’ meeting in Tokyo on Wednesday, the founder and chief executive was asked, as he is asked at almost every public appearance now, whether the artificial intelligence boom that has driven his fortune to record highs is a bubble waiting to deflate. He treated the question itself as the problem. To […]

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Anthropic’s Mythos found flaws in classified US systems during a government test

One of Anthropic’s AI models identified vulnerabilities in highly sensitive, classified US government computer systems during a testing exercise, a US official has told the Associated Press. The model in question was Mythos, Anthropic’s most capable system, and it surfaced the flaws within hours. Crucially, finding a weakness within hours is not the same as […]

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South Korea is in talks with Samsung and SK Hynix over a second chip cluster

A presidential adviser says AI demand could pull forward the next phase of fab construction by more than a decade, and that the country needs somewhere to put it. South Korea’s government is in talks with Samsung Electronics and SK Hynix about the next phase of large-scale investment in chip manufacturing, a presidential adviser said […]

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ByteDance unveils Seedance 2.5, a 30-second native 4K AI video model that accepts 50 reference inputs

ByteDance unveiled Seedance 2.5 on Tuesday at its Volcano Engine FORCE conference in Beijing, a video generation model that produces 30-second clips at native 4K resolution from a single prompt. The company skipped four intermediate versions entirely, jumping straight from its predecessor to signal what it described as a generational leap. An enterprise beta is […]

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Anthropic launches Claude Tag, an always-on AI teammate that lives in your Slack channels

Anthropic is launching Claude Tag in research preview, an “always-on Claude” that lives inside Slack and acts as a persistent AI teammate. The feature lets users tag @Claude to get insights in conversations and assign tasks. It is available to Claude Enterprise and Claude Team customers starting today. Claude Tag is an evolution of Anthropic’s […]

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A fake AI agent skill passed every security scanner and reportedly reached 26,000 agents

Security firm AIR built a fake AI agent skill, pushed it through a popular skill marketplace and promoted it with an Instagram ad, and says it reached roughly 26,000 agents, including some on corporate accounts. Every skill security scanner the firm tested it against marked it safe. The payload was harmless by design, collecting only […]

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SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year

SpaceX has drawn roughly $89 billion in investor demand for its debut US bond sale, Bloomberg reported on Tuesday, setting the stage for one of the largest investment-grade offerings this year. The company is seeking to raise between $20 billion and $25 billion from a five-tranche deal expected to price on Tuesday. At the lower […]

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Oracle cut 21,000 jobs this year and its SEC filing explicitly blames AI

Oracle’s global workforce fell to 141,000 full-time employees as of 31 May 2026, down from 162,000 a year earlier, a net reduction of roughly 21,000 people. The company’s annual regulatory filing stated plainly that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.” It […]

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Google is simultaneously the most dominant and most vulnerable it has ever been

Google’s financial performance has never been stronger. Alphabet posted $109.9 billion in revenue in the first quarter of 2026, up 22 per cent year on year, the fastest growth rate in any quarter since 2022, with search advertising revenue climbing 19.1 per cent and queries hitting an all-time high. And yet the week before these numbers […]

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