Is AI hurting American jobs? A bit, according to Federal Reserve Chair Jay Powell, whose comments Wednesday gave the AI fearmongers a good amount of material to work with.In a press conference, Powell said AI was âpart of the storyâ behind the worsening unemployment that prompted the Fed to lower interest rates for the second time in two months. But he was quick to also say it was ânot a... Read more âș
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Many chief information officers at large companies are hesitant to put critical parts of their business operations in the hands of AI agents. Thatâs because when agents go off the rails, the damage can be potentially catastrophic, as one customer of AI coding startup Replit learned this summer after its service deleted the contents of one of his databases without permission. Now, some software providers are updating tools that help... Read more âș
17
Nvidia stock fell as much as 6% on Tuesday, following The Informationâs reporting that Meta is in talks with Google to spend billions of dollars to put Googleâs TPU chips into its data centers in 2027. Shares were down around 3.5% as of midday Tuesday, representing a $150 billion drop in the ... Read more âș
2
TikTok has hired former Boeing executive Ziad Ojakli to lead its U.S. public policy operations, replacing outgoing policy lead Michael Beckerman, who announced earlier this year that he was stepping down. Ojakli, who previously served as Boeingâs vice president of government operations and ... Read more âș
0
Thereâs been a lot of talk that AI tools have yet to prove their worth. But if revenue is anything to go by, there's one area where AI tools have undoubtedly provided real returns: software engineering.The collective revenue generated from AI coding tools like Anysphereâs Cursor and Anthropicâs Claude Code has surpassed $3.1 billion. This includes nearly $400 million in annualized revenue being generated from Cognitionâs Devin coding agent, a... Read more âș
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Construction lending was a relatively sleepy corner of Wall Street until Oracle stepped up to become one of OpenAIâs biggest cloud providers, leading to a flood of debt to help build new data centers for the database giant. The volume of borrowing is making some lenders leery. Companies building data centers for Oracle have borrowed at least $65Â billion this year to help it fulfill a roughly $300 billion cloud... Read more âș
1
Chinese tech giant Alibaba Group said Tuesday that revenue from its cloud computing business grew 34% in the quarter through September, thanks to increasing adoption of artificial intelligence in the country. Alibabaâs latest results indicate how Alibaba Cloud, Chinaâs largest cloud service ... Read more âș
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Itâs not too often that a controlling shareholder canât get their way at a public company. But an attempt by the two biggest investors in Grindr to take the gay dating and hookup app private went south on Monday. The reason? They didnât come up with the money. Itâs the latest chapter in a long-running corporate finance saga surrounding Grindr, which is hardly the biggest or most important internet company... Read more âș
0
Google is picking up the pace of its efforts to compete directly with Nvidia in the AI chip business. For years, the search giant has rented its own AI chips, known as tensor processing units, to cloud customers who use them in its Google Cloud data centers. Now, though, Google has begun pitching some of those customersâincluding Meta Platforms and big financial institutionsâon the idea of using TPUs in their... Read more âș
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OpenAI launched a new âshopping researchâ feature Monday, as part of its broader strategy of making ChatGPT into a destination for online shopping. The feature, which is available for free to users whoâve signed up for a free or paid account, is powered by a new GPT-5 mini model that the ... Read more âș
0
Grindr, the gay dating and hookup app, said the bid by its two largest shareholders was off the table, due to âcontinued uncertainty as to the financing for the proposal.â A special committee to its board of directors had been considering an $18 a share bid to take the company private ... Read more âș
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The mood is shifting in AI data center circles. The euphoria of record-setting, multi-gigawatt deals has given way to finger pointing as deadlines to get AI servers online slip or get dangerously close to falling behind.For months, data center builders have told me many of the gigawatt-size AI server facilities are running behind schedule because of the complexities of putting together the biggest clusters of servers ever attempted. Read more âș
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Amazon said it plans to spend up to $50 billion to build new AI data centers for its U.S. government cloud customers that will include almost 1.3 gigawatts of new computing capacity. The data center projects, which are slated to begin next year, show how Amazon Web Services is doubling down ... Read more âș
15
Googleâs breakthrough with Gemini 3, its latest AI model, has lit a fire under OpenAI and its CEO Sam Altman, who told thousands of his researchers to buckle down and prepare for ârough vibesâ and âtemporary economic headwinds,â Erin and I reported.What might particularly worry Altman about Googleâs latest model is how the tech company got Gemini 3 to be so good in the first placeâspecifically, through improvements in pretraining.... Read more âș
0
Last month, Elon Muskâs X laid off half of the engineering team tasked with building and running systems to fight spam, influence campaigns and illegal content, among other trust and safety issues, according to two people with direct knowledge of the cuts. The team had already been whittled down to less than 20 people before the layoffs, compared to more than 100 from before Musk acquired the company, then known... Read more âș
0
The Trump administration is considering approving sales of Nvidiaâs H200 artificial intelligence chips to China, according to two people familiar with the discussions. The H200 is roughly twice as powerful as the China-tailored H20 and is designed specifically for training large AI models, for ... Read more âș
0
The Ellison family will have plenty to talk about when they convene for Thanksgiving this week (assuming they do!). The price of Oracle has plummeted in the past six weeks, for one thing, reflecting AI bubble jitters centering on Oracle. In the same period of time, Larry Ellison and his son David have beenâby all accountsâbusy plotting the roughly $90 billion takeover of Warner Bros. Discovery. Their interestâconveyed through the... Read more âș
0
All of the big tech companies have long been cash geysers. But the rate at which Nvidiaâs cash production has exploded in the past couple of years is on a whole different level than other companies have experienced. And thatâs raising questions about how Nvidia will spend its fast-expanding cash pile. Nvidiaâs free cash flow has mushroomed from $3.8 billion in the year to January 2023 to an estimated $96.5... Read more âș
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Waymo cars will soon be able to ferry riders from San Francisco to Los Angeles after the California DMV approved a large new area of the state for the autonomous vehicles. Until this decision, Waymos could operate in Northern California along the San Francisco Peninsula and San Jose and in ... Read more âș
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The White House is pausing plans for an executive order over state AI regulation while it waits to see if Republicans can get a provision included in the National Defense Authorization Act to block state AI regulation, according to a person with knowledge of the situation. A draft copy of the ... Read more âș
0
Welcome, Weekenders! In this newsletter:âą The Big Read: Zach Dellâs Texas-size dream ⹠The Arena: Figure skating launches a comebackâwith AIâą Plus, our Recommendations: âAllison After NXIVM,â âThe Finest Hotel in Kabulâ and âBugoniaâA horrifying thought has lately been immovable from my mind: Am I gonna have to dump ChatGPT for Gemini?Well, Gemini 3 is out, and itâs pretty darn slick: Google has improved the chatbotâs ability to code, search... Read more âș
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Most popular sources
Business Insider
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24% 2 |
Tom's Hardware
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19% 10 |
Gizmodo
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10% 6 |
The Verge
|
6% 1 |
Ars Technica
|
5% |
| View sources » | |
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16.12.2025 01:33
Last update: 01:25 EDT.
News rating updated: 08:21.
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