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Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped.

Snap had a good quarter, and the market treated it like a rescue. The shares jumped after hours, up as much as 13%, once the company beat estimates. The catch is where that rally begins: a stock near its all-time lows, down about 37% this year. The headline numbers were genuinely good. Revenue rose 19% […]

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Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped. Read More »

Someone posted 55 vulnerabilities in days. 54 were AI-invented. One still scored a perfect 10.

The software industry runs on a shared list of known bugs. Someone is now seeding that list with breakage that no one ever found. Security firm JFrog found six critical SQLite flaws that were pure fiction, it reported. The advisories claimed severe memory bugs with scores up to 9.8. But the functions they blamed did […]

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Someone posted 55 vulnerabilities in days. 54 were AI-invented. One still scored a perfect 10. Read More »

TikTok has never let a teen-addiction case reach a jury. It just settled three more.

TikTok has a consistent answer to the lawsuits accusing it of harming children: settle, quietly, before a jury sees the evidence. On Monday it did so again. The company has agreed to settle three cases it was scheduled to fight in October, Reuters reported. The three were bellwethers, test cases drawn from roughly 3,300 suits […]

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TikTok has never let a teen-addiction case reach a jury. It just settled three more. Read More »

PwC is hiring fewer consultants and accountants. Its CEO is still sending his kids into consulting.

The Big Four built its fortune on armies of junior consultants and accountants. PwC has started hiring fewer of them. Its US boss says that is the future, and he is comfortable with it. Paul Griggs, PwC’s US senior partner and chief executive, told Business Insider the firm hired fewer consultants and accountants this year […]

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PwC is hiring fewer consultants and accountants. Its CEO is still sending his kids into consulting. Read More »

Congress hasn’t written AI’s rules yet. It already spends nine of every ten AI dollars with OpenAI.

Before Congress writes a single rule for artificial intelligence, it has already picked a supplier. In the year to the end of March, House offices spent nine of every ten visible AI dollars on one product: OpenAI’s ChatGPT. The figures come from a CNBC analysis of House disbursement records. Of $113,740 spent on named AI […]

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Congress hasn’t written AI’s rules yet. It already spends nine of every ten AI dollars with OpenAI. Read More »

US is drafting a ban on Chinese devices in data centres

The Trump administration wants Chinese hardware out of American data centres. Officials are drafting a ban on Chinese-made devices used in data centres, according to Reuters, the latest move to wall off the infrastructure behind the US AI buildout from Chinese technology. The draft extends a campaign that has been widening fast. It follows a […]

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A DeepMind exec finally said what the trillion-dollar AI spend is for: machines that improve themselves.

Everyone has been asking what the trillion-dollar AI buildout is actually for. A senior Google DeepMind executive has now given an unusually blunt answer. The spending, he says, is a bet on machines that improve themselves. Jasjeet Sekhon, DeepMind’s chief strategy officer, made the case at a summit at UC Berkeley. Recursive self-improvement, or RSI, […]

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A DeepMind exec finally said what the trillion-dollar AI spend is for: machines that improve themselves. Read More »

Anthropic pays AI’s biggest salaries. Its CEO just discovered people might take them for the money.

The most valuable workers in technology cannot be kept, whatever the price. That is the uncomfortable admission running through the AI industry this week, as elite researchers keep hopping between labs that have offered them almost everything money can buy. The trigger was a single line in an Axios report on the talent wars. A […]

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Anthropic pays AI’s biggest salaries. Its CEO just discovered people might take them for the money. Read More »

A startup that lets AI hack your own network just tripled to $2bn, days after AI models hacked networks for real.

A company whose product is an AI that hacks your network has just tripled in value. It did so in the same week that AI hacking stopped being hypothetical. Horizon3 has raised a $250m Series E at a valuation above $2bn, up from $650m a year ago. The timing is the story. Days earlier, OpenAI […]

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A startup that lets AI hack your own network just tripled to $2bn, days after AI models hacked networks for real. Read More »

Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury

American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […]

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Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury Read More »

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