AI
Jane Street, a Trading Firm With No AI Product, Now Holds $19 Billion in GPU Contracts
Crusoe closed more than $3 billion at roughly a $30 billion valuation, nearly tripling…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
When OpenAI Hit Its Own Critical Cyber Threshold, the Framework Logged It Rather Than Stopping It
OpenAI said on September 1 that GPT-6 Astra is the first model to cross…
Analysis
Amgen Fell 5% on a Trial It Did Not Run. Nobody Yet Knows if the Target Failed or the Dose Did.
Novartis shed close to 4% in Zurich on Monday after pelacarsen, its lipoprotein(a) lowering…
AI
Snowflake’s 23% Pop Bought Faster Growth, Not Better Growth
Snowflake shares jumped roughly 23% after hours on Wednesday, to about $374 and through…
Business
Uber Cut 3,300 Jobs to Bankroll an Autonomous Future It Does Not Build
Uber told staff on Wednesday it is eliminating about 3,300 roles, roughly 10% of…
AI
Broadcom Guided AI Revenue to $230 Billion. Wall Street Read the Software Line Instead.
Broadcom told investors on Tuesday evening that its AI semiconductor business will roughly double…
Advertising & Marketing
When Amazon’s Ad Auction Quietly Became a First-Price Auction, 1.2 Million Advertisers Were Not Told
Almost every account of the Federal Trade Commission’s new lawsuit against Amazon leads with…
AI Policy
Europe Regulated ChatGPT as a Search Engine, Not as an AI Model
The European Commission brought ChatGPT under the strictest tier of the Digital Services Act…
Economy
The Fed’s Two Inflation Gauges Disagree by 80 Basis Points. Warsh Is Hiking on the Higher One.
Futures markets now put the odds of a quarter-point Federal Reserve hike this month…
Enterprise Technology
Apple Put Its First 2nm Chip in an $899 Desktop. The iPhone Has to Wait.
Most of the coverage of Apple’s surprise Mac refresh has treated it as a…