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Cloudflare said it is cutting about a fifth of its workforce, joining a growing list of tech companies that have cited AI as a reason to slash jobs. The company, whose content delivery network is used by many of the world’s websites, announced the plans on Thursday as it reported quarterly ...
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Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound. Read more ›
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The Information
When Nasdaq CEO Adena Friedman took the stage at the Economic Club of Washington, D.C, in March, she wasn’t shy about how the company wields its stock indexes to woo business. In an interview with Carlyle Group Chair David Rubenstein, Friedman highlighted Nasdaq’s key distinction from rival exchanges: It also manages the influential Nasdaq-100 index, the benchmark whose rules dictate how roughly $800 billion worth of funds invest. That means... Read more ›
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App developers finally got their first real look at Anthropic’s Mythos Tuesday when Anthropic released a somewhat neutered version of the model, Claude Fable 5, following weeks of breathless chatter about it.Developers who tried the new model said the AI largely deserved the hype. They said it thoroughly outperformed earlier Anthropic models in coding, general knowledge work and spatial reasoning, although questions touching on cybersecurity are routed to the weaker... Read more ›
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A German court ruled that Google was responsible for the accuracy of content in AI Overviews, the AI-generated answers that appear in Google search’s AI Overviews, in a potentially far-reaching ruling. The ruling, reported by the German publication The Decoder which linked to the judgement, ... Read more ›
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OpenAI CEO Sam Altman told staff in a Slack message on Monday that he expects OpenAI to go public “within the next year” and that “many things could cause it to be sooner or later in that range, but filing now gives us optionality if we want to go sooner.” Another OpenAI leader also teased an ... Read more ›
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Good morning! When Elon Musk tweeted details about SpaceX’s agreement with Anthropic late last month, saying the business deal was less durable than advertised, many investors and commentators seized on the fact that the details weren’t in the company’s initial public offering prospectus filed with regulators.They were right to point that out, of course. Details of that nature—for instance, that SpaceX was guaranteed 180 days of revenue—should have been in... Read more ›
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Advertisers can now create ads for specific products on ChatGPT by sharing feeds of product information with OpenAI, according to communications sent to advertisers reviewed by The Information. For now, information from the product feeds will only be used to create ads and will not inform or ... Read more ›
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Anthropic CEO Dario Amodei released a policy framework on Wednesday that proposed a mechanism for Americans to acquire a financial stake in the gains from the AI industry. The paper argued for the establishment of capital accounts for newborn Americans, similar to the new Trump Account program, ... Read more ›
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Microsoft’s Xbox gaming unit plans to cut staff in the coming months as its financial picture worsens, according to someone with knowledge of the plans. In a note to staff Wednesday, CEO Asha Sharma said that Xbox’s “accountability margins”—a term Microsoft uses internally to refer to profit ... Read more ›
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Oracle reported 21% higher revenue of $19.2 billion in the three months to May, its final quarter for its fiscal year. The growth rate was slightly slower than the previous quarter although on a constant currency basis—adjusting for foreign exchange changes, Oracle’s growth rate ... Read more ›
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We got big news in the past couple of days concerning a European court ruling against Google. But bear with me, this is not one of those knee-jerk anti-U.S. tech decisions we often see coming out of Europe. This ruling makes some sense—and could have broader implications for the AI sector. A court in Germany found that Google is responsible for what its AI models say in AI-written answers to... Read more ›
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17.06.2026 01:13
Last update: 01:05 EDT.
News rating updated: 08:09.
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