Tech
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Your shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away
If you ever catch us using the following phrasing, trust that it was written by a human who was just tired that day: Experts say the sentence structure “it’s not X, it’s Y” is a classic indicator of AI-generated writing, and its usage in corporate communications has spiked, Barron’s recently reported. For example, “Our ship…
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Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots
Intel has spent the last few years trying to reinvent itself and prove it’s still relevant in an AI-centric world dominated by Nvidia’s chips. On Thursday, as Intel crushed Wall Street financial targets, the company had a new message: There’s nothing wrong with being a 58-year-old maker of PC and server microprocessors. “We are embracing…
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Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway
Tesla’s earning calls in the last few quarters have always been a study in extremes: The EV-maker’s profits from making and selling cars and batteries keeps shrinking, while CEO Elon Musk’s promises of wonders to come for the likes of robotaxis and humanoid robots keep ballooning. The Q1 edition, held after the market close on…
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‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
Billionaires are becoming an even rarer species in California. A proposed one-time 5% tax on their wealth has led several of the state’s wealthiest residents, including Meta CEO Mark Zuckerberg and Google co-founders, Larry Page and Sergey Brin, to flee to Nevada and Florida. But Nvidia CEO Jensen Huang is doubling down on his commitment…
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Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
Spotify turned 20 on Thursday only months after Daniel Ek, who founded the $100 billion music juggernaut stepped down as CEO. Ek, who cofounded Spotify in 2006 in Stockholm, in January stepped into a new role as executive chairman role with a focus on big-picture moves and capital-allocation decisions. The company has elevated co-presidents Alex…
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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…