7 place 324 fresh
JPMorgan Chase’s $917 million investment in a Greek fintech company has gone so wrong that the bank last year offered to sell back half of its stake at a valuation of $175 million.
The fintech, Viva Wallet, didn’t take the offer. JPMorgan responded with a lawsuit that accused Viva’s founder of bullying and threatening its representatives. It demanded its full investment back, plus interest. Whoever wins this fight, the deal is another example of the giant bank’s sometimes flawed efforts to grow even bigger
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The Information
In his frenetic efforts to increase government “efficiency,” Elon Musk has usurped Congress’s rightful authority over spending while almost certainly breaking a wide variety of federal laws. Donald Trump’s top donor — who has not been elected to any office, or confirmed to any Cabinet position — has shuttered the US Agency for International Development […] Read more ›
3,855 fresh
Litigation efforts are finally starting to catch up to Musk's blitzkrieg against the government. Read more ›
3,098 fresh
Experts question whether Edward Coristine, a DOGE staffer who has gone by “Big Balls” online, would pass the background check typically required for access to sensitive US government systems. Read more ›
2,625
The giant jet flips the script on the origins of these structures, which were once thought to be linked only to extremely large black holes. Read more ›
1,989 fresh
On today’s episode of Decoder, we’re discussing a very big problem with extremely far-reaching consequences: how dysfunctional has the federal government in the United States become, and how much of it has been handed to Elon Musk? If you’ve even glanced at the news over the past week, you’ve likely come across some alarming headlines […] Read more ›
1,575 fresh
Apple is internally testing iOS 18.3.1 for iPhones, according to our website's analytics logs, which have been a consistently reliable indicator of upcoming iOS versions. The software update should be released within the next few weeks. iOS 18.3.1 should be a minor update that addresses software bugs and/or security vulnerabilities. Apple Intelligence notification summaries for news and entertainment apps are temporarily disabled on iOS 18.3 due to issues with inaccurate... Read more ›
1,569 fresh
The "No DeepSeek on Government Devices Act" comes after the Chinese AI lab shook Wall Street with its chatbot, a direct challenge to Western tech. Read more ›
1,441 fresh
The Galaxy S25 Plus brings the best of the Galaxy S25 series in the perfect size. It's built to last but with several catches that may not appeal to you. Read more ›
1,350 fresh
Roblox shares have dropped by 20 percent after the platform's reported daily active users fell short of analysts' estimates. Read more Read more ›
1,194 fresh
ReevesMedia is using a Raspberry Pi to power this gorgeous portable cyberdeck rig that works as a functional portable ethical hacking. Read more ›
1,185 fresh
With Ray-Ban Meta’s popularity, Meta execs claim they will finally fulfill the promise of Horizon Worlds with more AI wearables. Read more ›
1,120 fresh
The tech company turned Bitcoin repository is changing its name. Read more ›
961 fresh
A mixup at Nvidia resulted in someone receiving an RTX 5080 graphics card with the words ‘RTX 5090’ etched on the cooler. Read more ›
961 fresh
Plus, meet the cast of the new Anaconda, through... song? Read more ›
956 fresh
Remember when 16GB felt like an ocean of storage on the original iPhone? Those were simpler times. Apple initially offered the OG device in storage capacities of 4GB and 8GB, but just months after launching, Apple nixed the 4GB model, eventually replacing it with a 16GB option. Fast forward to 2025, and Apple offers 128GB as the base storage tier for most iPhone 16 models. That might sound like a... Read more ›
919 fresh
The release date for Metal Gear Solid Delta: Snake Eater has leaked early, along with a new trailer. Read more Read more ›
883 fresh
You have just a few hours left to buy a Galaxy S25 Series for almost nothing. Read more ›
817 fresh
Assassin's Creed Shadows will get an official prequel story, fittingly told by a tie-in manga series. Read more Read more ›
758 fresh
The Information
Texas Republican Gov. Greg Abbott has banned the use of the Chinese AI software Deepseek on government-owned devices to protect the state’s critical data, intellectual property, and other assets from being accessed by the Chinese government, his office said in a statement. The Texas ... Read more ›
53
The tech industry’s project to build out artificial intelligence is proving even more capital intensive than the peak of the last investment supercycle by oil and gas firms in the mid-2010s. Microsoft, Meta Platforms, Amazon and Alphabet spent an estimated average of 17.2% of their revenues on capital expenditures in 2024, up from 12.7% in 2021, with the figure expected to rise further in 2025. Read more ›
22
Hi - Before we get into today’s column, some breaking news: OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led round. OpenAI will use some of the money to fund its commitment to Stargate, which I reported last week would be... Read more ›
20
When selecting the venue for next weekend’s Super Bowl between the Kansas City Chiefs and Philadelphia Eagles, the NFL went with a traditional choice: New Orleans. It’ll be the 11th time the Big Easy has hosted the Big Game, tying it with Miami for hosting the most Super Bowls ever. Recently, however, the world’s richest professional sports league has hinted it may be ready to dispense with tradition: A Super... Read more ›
16
Republican Senator Bill Hagerty on Tuesday introduced a bill to create a regulatory framework on stablecoins, representing the first push in Congress to pass a crypto legislation under the new Trump administration. Stablecoins—crypto tokens pegged to dollars and backed by U.S. treasuries and ... Read more ›
14
Is Mark Zuckerberg auditioning for the role of Elon Musk’s Mini-Me? We’re kidding, but it is uncanny how much Zuckerberg seems to be following Musk’s lead lately. In the latest example, The Wall Street Journal reported on Friday that Meta Platforms is considering moving its legal incorporation to Texas, out of Delaware, just as Tesla did last year. This follows Zuckerberg’s recent decision to adopt a “community notes” feature for... Read more ›
14
Paid subscribers to ChatGPT nearly tripled to 15.5 million last year from 5.8 million a year earlier, OpenAI recently told some shareholders, despite competition from chatbots made by Google, Anthropic and Meta Platforms. Based on what OpenAI charges for the chatbot subscriptions, the increase means ChatGPT was likely generating at least $4 billion in annualized revenue around the end of last year, or $333 million per month, just two years... Read more ›
12
SoftBank said on Monday it would spend $3 billion per year on technology from OpenAI for itself and its affiliates, including electronic payment service PayPay and chip designer Arm, of which it is the majority owner. The Japanese telecom conglomerate and OpenAI said they will also ... Read more ›
9
As Meta Platforms sets about turning its massive investment in artificial intelligence into ways to make money, it’s asking ad agencies for help. Meta has been sending its engineers to work with ad agencies on developing AI tools designed to do everything from tweaking videos and static images in ads to evaluating the effectiveness of such images in ads, ad agency executives said. Read more ›
6
How fast is DeepSeek open source artificial intelligence taking over the business world? Look no further than Meta Platforms, which is evaluating whether to use the Chinese-made AI in its advertising products despite spending the past two years developing its own Llama open-source models, my colleague Kalley reported Wednesday. Also this week, Goldman Sachs Chief Information Officer Marco Argenti told me his team is also interested in using DeepSeek, but... Read more ›
5
Most popular sources
Gizmodo
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25% 1 |
Business Insider
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19% 6 |
Wired
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17% 12 |
MacRumors
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7% 6 |
Eurogamer.net
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7% 3 |
| View sources » | |
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06.02.2025 12:58
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