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A collection of 287 posts

Anthropic to Publicly File for IPO as Early as Friday, per Yahoo Finance

Anthropic is preparing to publicly file its S-1 as early as Friday, per Yahoo Finance, setting up a potential November listing that could raise up to $100 billion and become the largest IPO in history.

Meta Posts Its First Negative Free Cash Flow in More Than a Decade

The AI bill just outran the cash machine $META has posted its first negative Free Cash Flow in more than a decade. Free cash flow is what is left after a company pays for everything, including capital spending, and Meta has been one of the great cash generators in market

Meta Plans a New Class of Non-Voting Shares to Fund AI Spending Without Diluting Zuckerberg's Control, per FT

Meta wants to sell stock that carries no say Meta, $META, plans to create a new class of non-voting shares, allowing it to sell stock to fund its AI spending without diluting Mark Zuckerberg's control of the company, per the Financial Times. Meta already runs a dual-

AI Found Two Critical Flaws in PHP, Forcing Governments to Take Websites Offline, per BBC

AI just found the internet's soft spot Two critical security flaws in PHP, the programming language behind much of the internet, are forcing governments to take websites offline, per the BBC. The flaws were found by AI. Security firm Wiz called them the "most severe vulnerabilities ever

AI Would Need $3.5 Trillion a Year by 2032 to Justify the Data Center Buildout, per Brookings

The math behind the AI buildout To justify today's data center buildout, AI would need to bring in about $3.5 trillion a year by 2032, per a new Brookings paper. The scale is the story. $3.5 trillion a year equals 8.8% of US GDP, nearly

Microsoft's Next Xbox Could Cost as Much as $1,800 and Is Targeting a 2028 Release, per IGN

The next console generation could cost like a gaming PC Microsoft's next-generation Xbox console, codenamed Project Helix, could cost as much as $1,800 when it launches in 2028, with a new handheld reportedly arriving a year earlier, per IGN. The figure comes from a Fortune profile

Elon Musk Ordered the Slowdown of a Military-Grade Starlink Relied on by Ukraine, per WSJ

The cap that blinded the drones "Elon Musk ordered the slowdown of a military-grade version of Starlink relied on by Ukraine," per WSJ. Last week, Musk capped the speeds at which Ukrainian hardware could stay connected to the satellite-based network, per WSJ, a decision the Journal

OpenAI Bugging Suspect Ordered Held Without Bail After Saudi Consulate Offered to Pay in Full, per CNBC

Held without bail, and the consulate's offer backfired A San Francisco federal judge has ordered the Saudi national accused of planting a recording device in an executive conference room at OpenAI's headquarters held without bail, per CNBC. Magistrate Judge Alex Tse ruled on Monday that there

Elon Musk Says He Will Give Every Child in the US a Share of SpaceX Next Year

One share for each of 73 million kids Elon Musk says he'll give every child in the U.S. a share of SpaceX next year. There are about 73 million Americans under 18, which at SpaceX's current price of around $157 would make the gift worth

Jeff Bezos Says AI Could Let Americans Support a Family Working Just Three Days a Week

Bezos is betting on a labor shortage, not mass unemployment Jeff Bezos says AI could let Americans support a family working just three days a week. He also predicts more single-income households, and even a labor shortage instead of mass job losses. "Some people will also decide, you

Tech Billionaires Added a Record $845 Billion This Year While Every Other Billionaire Lost Money

Every dollar of new billionaire wealth came from tech Tech billionaires are pulling away from the rest of the ultra-rich. The world's roughly 100 tech billionaires added a record $845 billion through September, per Bloomberg, while every other billionaire combined lost $62 billion. The gain was the

Meta, Amazon, Microsoft and Google Are Expected to Pour $750 Billion Into Capital Spending This Year, Mostly on AI Data Centers

Meta, Amazon, Microsoft and Google Are Expected to Pour $750 Billion Into Capital Spending This Year, Mostly on AI Data Centers

A $750 billion year Meta, Amazon, Microsoft and Google are expected to pour $750 billion into capital spending this year, mostly on AI data centers, per Bloomberg. That is enough to write a $5,500 check to every household in America. It is up more than 80% from last year&

Musk Unveils the Tesla Roadster by Launching It Off a Ramp, Flipping in Midair Before Landing Safely

Musk Unveils the Tesla Roadster by Launching It Off a Ramp, Flipping in Midair Before Landing Safely

Nine years later, the Roadster flies Elon Musk has unveiled the Tesla Roadster by launching it off a ramp, where it flipped in midair before landing safely on the ground. The reveal happened Thursday night at SpaceX's test site in McGregor, Texas, nearly nine years after the second

Musk Says SpaceX Probably Gets to Over $100 Trillion in Under 10 Years, Barring a Major World War

Musk Says SpaceX Probably Gets to Over $100 Trillion in Under 10 Years, Barring a Major World War

The claim Elon Musk has said that unless there is a major world war, SpaceX probably gets to more than $100 trillion in value in under 10 years. Treat that number as what it is: Musk's own claim, not an analyst forecast. In the same remarks, he said

Barclays Says a Tesla-SpaceX Merger Could Be Announced Before Tesla's Annual Meeting in Early December

Barclays Says a Tesla-SpaceX Merger Could Be Announced Before Tesla's Annual Meeting in Early December

An announcement could come within weeks Barclays says a merger of Tesla and SpaceX could be announced before Tesla's annual meeting in early December, which the bank notes must be held by December 6. To be clear, this is analyst speculation, not an announced deal. Neither company has

Musk Floats a Competitor to Amazon After Grok Bots Are Blocked From Ordering

Musk Floats a Competitor to Amazon After Grok Bots Are Blocked From Ordering

Musk pokes Amazon where it lives Elon Musk has mused about taking on Amazon in its home market. "Maybe we should start a competitor to Amazon," Musk wrote on X on Thursday, replying to a user who had suggested an "X Shop" as an alternative marketplace.

Global Smartphone Market Has Its Worst Quarter Ever, per Bloomberg

Global Smartphone Market Has Its Worst Quarter Ever, per Bloomberg

The worst quarter on record The global smartphone market has had its worst quarter ever, per Bloomberg. Global smartphone shipments fell 22 percent year over year in the September quarter to 255.3 million units, the worst decline of any quarter on record, per IDC. The researcher says the market

AI Agent Reportedly Deleted the Entire Upcoming Season of Swedish Reality Show "The Challenge Sverige" Weeks Before Its Premiere, per Futurism

AI Agent Reportedly Deleted the Entire Upcoming Season of Swedish Reality Show "The Challenge Sverige" Weeks Before Its Premiere, per Futurism

A finished season, gone An AI agent deleted the entire upcoming season of the Swedish reality competition show "The Challenge Sverige," just weeks before the premiere, per Futurism. The show, Sweden's version of the long-running Challenge format, was set to return to broadcaster TV4 on

OpenAI Is Warning Employees to Watch Out for Spies, Including Romantic "Honeypots," per WSJ

OpenAI Is Warning Employees to Watch Out for Spies, Including Romantic "Honeypots," per WSJ

The friendliest stranger may be the threat OpenAI is warning its employees to watch out for spies, especially romantic ones, per the Wall Street Journal. The company has cautioned staff in internal trainings that someone trying to seduce them may likely be a "honeypot," an agent who uses

Google, $GOOGL, Announces Quantum Breakthrough as Willow Chip Produces "Magic States" at a Record 99.99% Accuracy, per Science

Google, $GOOGL, Announces Quantum Breakthrough as Willow Chip Produces "Magic States" at a Record 99.99% Accuracy, per Science

A 20-year bottleneck cracks Google has announced a major quantum computing breakthrough, and it targets one of the field's oldest bottlenecks. In work published in Science, Google's Quantum AI team demonstrated a technique called magic state cultivation on the company's 105-qubit Willow

Microsoft Xbox Embraces Fan-Made Game Ports, Launches Xbox Labs Under CTO Scott Van Vliet

Microsoft Xbox Embraces Fan-Made Game Ports, Launches Xbox Labs Under CTO Scott Van Vliet

Xbox CEO Asha Sharma responded to a wave of fan-made ports and mods, including Halo running in a browser, by launching Xbox Labs under CTO Scott Van Vliet to give old games new life.

Robots Can Already Do About 3/4 of US Physical Job Tasks, per Anthropic, but Beat Human Wages on Just 0.3% of Them

Robots Can Already Do About 3/4 of US Physical Job Tasks, per Anthropic, but Beat Human Wages on Just 0.3% of Them

Anthropic's robot exposure index finds today's robots can perform about three-quarters of US physical tasks but are cost-competitive on only 0.3% of them, and at historical price declines would need about 40 years to reach 10%.

Arrested OpenAI Engineer Had a One-Way Ticket to Saudi Arabia Booked for October 12, per Bloomberg

Arrested OpenAI Engineer Had a One-Way Ticket to Saudi Arabia Booked for October 12, per Bloomberg

The OpenAI engineer charged over a hidden recording device in an executive conference room had one-way tickets to Saudi Arabia booked for October 12 for himself and family, per Bloomberg and court filings.

A Developer Used Claude to Build Free Open-Source Clones of Word, Excel and PowerPoint

A Developer Used Claude to Build Free Open-Source Clones of Word, Excel and PowerPoint

Brandon Thomas of ArtCraft used Anthropic's Claude to build WordCraft, GridCraft and DeckCraft, free open-source takes on Word, Excel and PowerPoint, per Tom's Hardware.

Netflix Is Laying Off 6% of Its Workforce, About 1,000 Jobs, in Its Biggest Cuts Since 2022

Netflix Is Laying Off 6% of Its Workforce, About 1,000 Jobs, in Its Biggest Cuts Since 2022

Netflix is cutting about 6% of its workforce, roughly 1,000 roles across product, tech, legal and HR, its biggest layoff since 2022, days ahead of third-quarter earnings on October 20.