Tech
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Stocks retreat from record highs as Tesla weighs on Wall Street and oil jumps on Iran uncertainty
The U.S. stock market is falling below its all-time high Thursday following mixed profit reports from Tesla and other big companies. Oil prices, meanwhile, are rising on continued uncertainty about what will happen next in the war with Iran. The S&P 500 fell 0.7%. The Dow Jones Industrial Average was down 377 points, or 0.8%,
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Meta, Microsoft look to trim workforces amid heavy AI spending
Meta Platforms Inc. and Microsoft Corp. have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy spending on artificial intelligence. Meta told personnel in an internal memo on Thursday that it planned to cut 10% of workers, or roughly 8,000 employees, starting on May 20. The
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OpenAI releases GPT-5.5 amid a shift to rapid-fire AI updates
OpenAI on Thursday released its newest AI model, GPT-5.5, to its paid subscribers. The release, coming just six weeks after the company debuted GPT-5.4, is an extremely fast turnaround that underscores how fiercely frontier AI labs are competing for enterprise customers, and how their models are increasingly evolving through continuous, incremental updates. The company also
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A group of users leaked Anthropic’s AI model Mythos by reportedly guessing where it was located
The AI model that Anthropic billed as too dangerous to release has reportedly been accessed by an unauthorized third party, and the incident raises concerns about the future of cybersecurity. The Mythos model was reportedly accessed by a handful of users in a private Discord chat on the day it was announced publicly, Bloomberg reported.
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A 19-year-old Thiel fellow just raised $7.3 million to build an African ‘super app’
If he hadn’t dropped out, Aubrey Niederhoffer would be nearing the end of his sophomore year at UC Berkeley. Instead, the 19 year-old from the New York area is living in Lagos, Nigeria, where he just launched his food delivery app, Swoop. The 28 person company just booked $7.3 million in seed funding, and the
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Goldman tackles AI’s missing link: the ‘world model’ that every AI godfather is racing to figure out
They are the people who made artificial intelligence what it is. They built the datasets, designed the architectures, and trained the systems that now write our emails, generate our code, and pass the bar exam. And increasingly, quietly, they are all working on the same problem—a problem that implies today’s most powerful AI, for all
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Big Tech is spending $226,000 a day on lobbying Congress, advocacy group finds
From presidential inaugurations to high-profile dinners to documentary screenings, Big Tech leaders have become a fixture in the White House. And it looks like it’s spreading to Capitol Hill as well—their representatives are expanding their influence in Washington by spending millions in Congress. Big Tech companies, and especially emerging AI giants, are now spending more
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Meet ‘Ace,’ the paddle-wielding robot who just beat humans at ping pong in AI breakthrough
A paddle-wielding robot is so adept at playing table tennis that it is posing a tough challenge to elite human players and sometimes defeating them, according to a new study that shows how advances in artificial intelligence are making robots more agile. Japanese electronics giant Sony built the robotic arm it calls Ace and pitted
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Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
Cursor’s 25-year-old CEO Michael Truell helped take the AI coding company from a college passion project to a potential $60 billion acquisition by Elon Musk’s SpaceX. On Tuesday, SpaceX announced in a post on X that Cursor gave SpaceX the right to acquire the company later this year for $60 billion. If SpaceX doesn’t buy
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The AI boom is singlehandedly carrying the U.S. import market—and adding $200 billion to the trade deficit, Fed study finds
When President Donald Trump returned to office last year, he framed his tariff policy as a bid to bring manufacturing of strategic materials and equipment back to U.S. More than a year later, his sweeping trade agenda has indeed forced a crackdown on imports, so much so that a single technological force has grown into