AI
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Banks lay groundwork for mass workforce cuts as AI takes hold
In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact — following advice he’s gotten from recruiters. But Bonnick, a student at Warwick University, isn’t preparing to talk to a human hiring manager. He’s tackling initial…
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AI’s mega stock deals raise specter of more shares than buyers
A flood of new shares from companies looking to fund their artificial intelligence ambitions is raising questions on Wall Street about whether there will be enough buyers to soak them all up and what this pile of fresh equity will mean for stock prices more broadly. Initial public offerings from SpaceX, Anthropic and OpenAI in…
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Anthropic CEO Dario Amodei spends 40% of his time on culture, not AI—including a biweekly ‘vision quest’ where he ditches ‘corpo speak’
Anthropic CEO Dario Amodei says the most important thing he does each day has nothing to do with training AI models or shipping products. Instead, he spends almost half his time working on company culture, he said. “I probably spend a third, maybe 40%, of my time making sure the culture of Anthropic is good,”…
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Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
The Trump administration’s former AI czar sounded the alarm on giving the federal government equity stakes in top AI companies, while his former boss hinted favorably at the idea. In an X post on Friday, David Sacks said he’s not a fan of Sen. Bernie Sanders’ bill that would establish 50% government ownership in AI…
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Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
It was perhaps a surprising private overture from OpenAI CEO Sam Altman to Sen. Bernie Sanders. The meeting between the two had come just after the Vermont senator announced a plan for the public to take a 50% ownership stake in artificial intelligence companies such as OpenAI, using their stock to create a public wealth…
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Anthropic warns AI could soon build itself without human involvement—and urges a global pause on development
Anthropic has published a new account of how quickly its AI models are advancing, warning that the technology may soon be capable of improving itself without meaningful human involvement. Just as the AI lab, valued at almost $1 trillion, prepares to go public, it’s also urging an industrywide pause in AI development. In the now-viral…
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Google forced to allow news sites to opt out of AI scraping in ‘world first,’ UK watchdog says
Google must allow news sites to opt out of having their online content scraped to feed AI overviews and other artificial intelligence services and features for British users, regulators said Wednesday. The Competition and Markets Authority said it was ordering Google to give online publishers the option, in what it called a “world first.” The…
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‘At some point you’ve got to make money’: Goldman’s top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs
For two years, Jim Covello has been asking the same uncomfortable question: when does Wall Street’s AI bet actually pay off? The head of global equity research at Goldman Sachs raised the alarm in a widely read 2024 report, questioning whether the torrent of capital flooding into artificial intelligence would ever generate returns commensurate with the spending.…
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OpenAI CFO: Not knowing AI tools like Codex is now a dealbreaker for finance hires
Good morning. OpenAI CFO Sarah Friar says AI tools like Codex are now becoming a baseline expectation in finance hiring, as the company works to secure enough computing power to meet rapidly rising demand. Speaking at the Liquidity Summit 2026 this week, Friar said the way OpenAI evaluates talent is changing alongside the technology it…
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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
The CEOs of some of the biggest AI companies in the world have set aside their cutthroat competition to co-sign an open letter to Congress asking for more safeguards against a threat that their own technology has helped create. Dario Amodei, Sam Altman, and Mustafa Suleyman—the CEOs of Anthropic, OpenAI, and Microsoft AI, respectively—signed their…