Economy
US Trade Deficit Blows Past $105 Billion as Businesses Front-Load Imports
The May goods trade gap came in 27% wider than April and $20 billion…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
GitHub Copilot’s First Metered Billing Cycle Closes Today with Developer Revolt
June 30 marks the end of GitHub Copilot’s first full 30-day token billing cycle,…
AI & Machine Learning
South Korea Commits $576 Billion to Semiconductor and AI Supremacy
President Lee Jae Myung just bet the country’s industrial future on a single thesis:…
AI
Alphabet’s Dow Debut Lifts Blue-Chip Index Past 52,000 for the First Time
Google’s parent company replaced Verizon in the 130-year-old index on Monday, and the timing…
Economy
Supreme Court Shields Fed Independence in 5-4 Ruling, Blocks Trump From Firing Governor Lisa Cook
The Supreme Court ruled Monday that President Trump cannot fire Federal Reserve Governor Lisa…
Business
Rocket Lab Acquires Iridium for $8 Billion, Building the First Fully Vertically Integrated Space Company
Rocket Lab just made the deal Peter Beck has been building toward for a…
Business
Anthropic Accuses Alibaba of Running 25,000 Fake Accounts to Steal Claude AI Capabilities
Anthropic has accused Alibaba’s Qwen AI team of operating the largest model distillation attack…
Business
OpenAI Unveils Jalapeno, Its First Custom AI Chip Built With Broadcom to Cut Inference Costs by 50%
OpenAI is no longer content to rent its compute from Nvidia. The company unveiled…
Business
Comcast Stock Surges 23% as NBCUniversal and Sky Spinoff Completes a Three-Way Corporate Breakup
Comcast just told Wall Street what Wall Street has been telling media conglomerates for…
Business
Enterprise AI Spending Hits a Wall as Companies Shift From Tokenmaxxing to Efficiency
The era of unlimited AI budgets is over. Enterprises that spent the past two…