On Monday, New York Gov. Kathy Hochul and Mayor Zohran Mamdani stood in Central Park to…
Category: Finance News
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China leads the power race
China is building new power generation at an unprecedented pace to power the AI boom as…
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
America’s electric grid is buckling under extreme weather, aging infrastructure, and an AI build-out that is…
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45.
An “infinite bowl-making machine” can make 500 salads, Tex-Mex, and poke bowls with the exact ingredients…
Texas ICE facility spent $11.5 million, GAO finds
Mismanagement at a massive Immigration and Customs Enforcement facility in Texas created unsafe conditions that contributed to detainee…
Sam Bankman-Fried formally files for pardon—but White House reiterates FTX cofounder’s odds are slim
Convicted crypto fraudster Sam Bankman-Fried formally submitted a pardon request with the Department of Justice, but…
Wall Street dumped nearly $1 trillion in tech stocks by midday—then bought peanut butter and paint
Today, the Nasdaq Composite looked like a V: down more than 4% by lunchtime, closing off…
Hyatt says AI isn’t replacing workers—it’s giving them more time to focus on guests
Hyatt says its AI-powered sales tools are helping employees save roughly one day per week while…
Adaption CEO Sara Hooker says AI models must learn continuously to reduce soaring AI costs
After spending years racing to build ever-larger AI models, researchers and infrastructure providers are increasingly focused…
Should Americans get an equity stake in AI?
Hello and welcome to Eye on AI. Beatrice Nolan here, filling in for AI editor Jeremy…
Millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer
The boomer–millennial war was supposed to stay online. It was meant to be a safe, stupid…
Anthropic releases its first Mythos-class model to the public
Anthropic is making its first Mythos-tier model available to the general public. On Tuesday, the AI…
Trump on getting loudly booed by hometown New York: ‘It was, I think, mostly cheers’
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on…
A Biden-era study told Americans to drink less alcohol. The Trump admin ‘sidelined’ the research
A study commissioned by President Joe Biden’s administration to investigate alcohol-related health harms was released independently on Tuesday,…
China builds cheap humanoids at scale, but finding buyers might be the hardest part
Chinese-made humanoid robots are making waves with their ability to do backflips, direct traffic, and even make coffee…
Merlin CTO: autonomy can rebuild the foundation of aviation — and national security
Merlin CTO: autonomy can rebuild the foundation of aviation — and national security | Fortune …
Morpho raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
Paul Frambot has a message for the “suits” at traditional financial institutions. “I think TradFi is…
The man behind Claude Code says you’re comparing AI costs to the wrong thing
Good morning. Five years after its founding, Anthropic is preparing for what could be one of…
How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy
By late last week, the sudden drop in Bitcoin’s price was crushing shares of Strategy, controlled…
OpenAI files confidential SEC S-1 paperwork for IPO
ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company,…
Gen Z interviewer slams her generation’s ‘attitude’ after candidate dialled in from their phone
It’s no secret that Gen Z often gets slammed for, in the words of Sister Act…
Chinese beauty brands flock to Southeast Asia as their first step in going global
Following the immense popularity of Japanese and Korean beauty products, many Chinese cosmetic brands are now…