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The six largest American banks shed 15,000 employees in the first quarter of 2026 while posting 47 billion dollars in collective profits, up 18 per cent year on year. The chief executives are no longer hedging. Jamie Dimon said artificial intelligence will eliminate jobs and that people should stop sticking their heads in the […]
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The University of Michigan invested 20 million dollars in OpenAI before ChatGPT existed, before Microsoft committed billions, and before the company was worth more than some countries. Court documents from the Musk v. Altman trial revealed this week that the stake carries a target redemption value of two billion dollars. A university endowment made […]
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The Department of War launched a website on Friday called war.gov/ufo. It contains 162 files, including photographs from the Apollo 17 mission that NASA cannot explain, infrared videos of objects the military cannot identify, and internal memos describing sightings in Iraq and Syria that no agency has resolved. Two-thirds of the documents are partially redacted. […]
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Intel’s stock has tripled in twelve months. Its chief executive still has not told most of his employees what the plan is. Lip-Bu Tan, who became CEO in March 2025, has spent the first fourteen months of his tenure building relationships outside the company rather than restructuring the one inside it. He has won […]
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Intel’s stock tripled under Lip-Bu Tan. He still has not told most employees the plan. Read More »
US prosecutors believe a company at the centre of Thailand’s national AI strategy helped move billions of dollars in Nvidia-equipped Supermicro servers into China, with Alibaba among the eventual customers, Bloomberg reported on Friday. The company is OBON Corp., a Bangkok-based AI infrastructure firm that has been a public partner of Thailand’s National AI Strategy […]
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Silicon Valley has spent more than 25 million dollars trying to make one of its own the next governor of California. The candidate is polling at four per cent. The June 2 primary is less than four weeks away. And the most instructive thing about the campaign of Matt Mahan, the 43-year-old mayor of San […]
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The building at 1001 Third Avenue South in downtown Minneapolis used to be an office. Now it is a data centre, and its anchor tenant is not a Silicon Valley hyperscaler but Core42, the cloud and AI infrastructure subsidiary of Abu Dhabi’s G42 Group. The lease, reported by Bloomberg on Wednesday, covers 20 megawatts of […]
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A state investigator in Pennsylvania created an account on Character.AI, opened a conversation with a chatbot called Emilie, and told it he was feeling depressed. Emilie responded that she was a psychiatrist, that she had attended Imperial College London’s medical school, that she was licensed to practise in Pennsylvania and the United Kingdom, and that […]
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Daniel Moreno-Gama, the 20-year-old accused of throwing a Molotov cocktail at the San Francisco home of OpenAI CEO Sam Altman and then walking three miles to OpenAI’s headquarters to threaten to burn the building down, pleaded not guilty on Tuesday to two counts of attempted murder and nine other state charges. Moreno-Gama, wearing an orange […]
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The European Union treats data as a privacy right. The United States treats it as a corporate asset. China treats it as a factor of production, a national economic resource on par with land, labour, capital, and technology. That distinction, which sounds like an abstraction, is producing a data governance framework that is structurally different […]
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