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A residual value guarantee is a promise about an object, not about a tenant. Someone builds a thing. Someone else rents it. A third party promises the thing itself will still be worth a set amount. If the renter walks, the owner relets or sells. The guarantor covers only the shortfall. It is the structure […]
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Nvidia is not backing OpenAI’s rent. It is backing the buildings Read More »
A crypto venture backed by Donald Trump and his family is helping to bankroll a platform that resells artificial intelligence from Chinese companies the US government has blacklisted, an arrangement that sits awkwardly beside the administration’s own campaign to choke off China’s AI industry. Reuters reported on Monday that World Liberty Financial, the Trump-linked crypto […]
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Washington is preparing to hand its partners an ultimatum, and it is not a subtle one. According to a draft State Department letter reported by Reuters, the US is about to tell friendly nations they must choose between the American and Chinese artificial intelligence ecosystems, because belonging to both is no longer an option. The […]
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The US is about to make its allies pick a side in the AI cold war Read More »
Michael Martina reported the draft for Reuters on 14 August, citing a US official and an internal document. The letter goes to the 35 signatories of an American “AI Opportunity Statement” from June. Its message is that countries must choose. The wording is blunt for a diplomatic text. “To be part of everything is to […]
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The US is about to tell 35 countries to choose between it and China on AI Read More »
Anthropic published the Risk Report on 14 August, covering the period to 15 July. Axios got the company on the record and led on the misalignment rating, as did most of the coverage. Anthropic raised its estimate of catastrophic harm from misalignment in high-stakes settings. It now calls that risk low, up from very low […]
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Anthropic ran 133 million contractor chats with its bioweapon filters off Read More »
Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weekend. The Journal says Nvidia made the change to address […]
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Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns Read More »
Robert Ferris put the question to forecasters and executives for CNBC on 15 August. The average American car is now 12.8 years old, on Mobility Global’s figures. A new one costs close to $50,000, and nobody selling software-defined vehicles will say they last that long. Sam Fiorani forecasts vehicles for AutoForecastSolutions, and he gave the […]
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Your phone gets five years of updates by law. Your car gets nothing Read More »
Have I Been Pwned logged the leaked records, and The Register reported the dump on 14 August. Jessica Lyons, its cybersecurity editor, wrote it. A ShinyHunters spokesperson told her the group broke in by voice-phishing a member of staff. There was no exploit and no unpatched flaw. Someone picked up the phone. The detail that […]
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A phone company just lost 1.6 million records to a phone call Read More »
The commerce secretary made the comments to The Wall Street Journal on 14 August, in a piece by Rolfe Winkler, Raffaele Huang and Amrith Ramkumar. “The Trump administration is not in favor of that,” Lutnick said. There have to be “other solutions to the memory issue, but it’s not great American companies using Chinese memory”. […]
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The US told Apple not to buy Chinese memory chips. It has no rule that stops it Read More »
The Wall Street Journal reported the talks on 14 August. Cara Lombardo, Gina Heeb and Lauren Thomas wrote it. The framing is what changed. PayPal is in talks to sell itself, rather than fielding an offer it has rejected. Stripe and Advent International proposed $60.50 a share in July, which PayPal considered insufficient. The two […]
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PayPal is no longer refusing to sell. Now the question is whether regulators allow it Read More »