AI Musk Says Money Won't Matter in 2036 as AI Ushers in Abundance Elon Musk told The Economist that money won't matter by 2036 as AI and robotics eliminate scarcity. The prediction lands as his net worth drops $16.3B a day.
Banks 85% of finance workers admit to faking productivity at work: survey A Software Finder survey found 85% of finance and banking workers admit to faking productivity, the highest of any industry and 19 points above the overall average.
Markets Wall Street Banks Hit Hedge Funds With Margin Calls on AI Sell-Off Goldman Sachs and JPMorgan are hitting hedge funds with concentrated AI exposure with margin calls as the Nasdaq 100 slides into correction and crowded tech longs unwind.
AI FBI Seeks Predictive AI to Flag ‘Pre-Crime’ Threats on Watch List The FBI's Threat Screening Center is asking vendors for predictive AI to flag potential threats before crimes occur, tied to a broadened federal watch list. Palantir, Microsoft, Amazon, Google, and Booz Allen are the names to watch.
AI DeepMind Dismantles Nobel-Winning AlphaFold Team, Pivots to Gemini Google DeepMind has disbanded its Nobel Prize-winning AlphaFold team, reassigning researchers to Gemini and losing three core scientists, including laureate John Jumper, to Anthropic.
Markets 73% of Managers Admit to Faking Productivity at Work: Study A Software Finder study says 66% of employees and 73% of managers admit to faking productivity, burning nearly seven workweeks a year — with implications for enterprise software and AI ROI stories.
Markets Aschenbrenner's Entire Stock Book Reportedly Sold to Citadel in One Block Leopold Aschenbrenner's Situational Awareness hedge fund reportedly sold its entire public stock portfolio to Ken Griffin's Citadel in a single block trade after margin calls from a levered AI bet gone wrong.
Markets 66% of Young Workers Admit to Faking Productivity at Work: Survey A new survey found 66% of employees and 80% of Gen Z workers admit to faking productivity at work, burning nearly 5 hours a week keeping up appearances.
Markets Korea Margin Wipeout: 360,000 Accounts Force-Liquidated, Per Citi Citi says more than 360,000 Korean margin accounts were force-liquidated as the KOSPI unwound, with 62% of wipeouts reportedly under age 35. Samsung and SK Hynix sit at the center of the leverage story.
Markets Korean retail investors lose $38.7B on single-stock leveraged ETFs Citi estimates Korean retail investors have lost about $38.7 billion on single-stock leveraged ETFs tied to SK Hynix, Samsung, and the Kospi 200, prompting a finance minister apology and new deposit rules.
AI Sam Altman says the AI singularity has arrived Sam Altman says AI has entered the singularity on the Relentless podcast, days after OpenAI disclosed an autonomous AI cyber incident. Here is the trade angle for NVDA, MSFT, GOOGL and more.
AI Sam Altman: AI Won't Deliver the Four-Hour Workweek OpenAI CEO Sam Altman says AI won't deliver the four-hour workweek because people are competitive and will fill any freed-up time with more work. Here is the read-through for AI infrastructure and enterprise software names.
AI Cramer: AI's Circular Financing Looks Like the Dot-Com Bubble Jim Cramer says Nvidia's reported $250 billion OpenAI financing backstop looks like the vendor-financing deals that blew up telecom equipment stocks in 2000. Here is what traders should watch.
Tech AI's Impact on Rising Consumer Costs Artificial intelligence is contributing to higher consumer costs through increased energy consumption and dynamic pricing strategies.
Tech Meta Bans Pickup Artists and Pranksters Using Meta Glasses Meta is banning Instagram accounts that use its Ray-Ban smart glasses to harass strangers, with at least two pickup-artist pages topping a million followers already deactivated.
Tech Bots Now Outnumber Humans Online, Cloudflare Data Shows Cloudflare says bots now make up 57.5% of web traffic versus 42.5% for humans, driven by an explosion in agentic AI. Here is what the shift means for NET, GOOGL, META, and the ad-supported internet.
Tech In San Francisco, Even $180K Tech Salaries No Longer Cut It Even $180,000 tech salaries are no longer enough in San Francisco as an AI elite tied to OpenAI, Anthropic, and SpaceX reshapes the housing market and outbids rank-and-file engineers.
Markets Donald Trump Jr.'s 1789 Capital Posts 200% Return Donald Trump Jr.'s 1789 Capital reports a 200% return, with assets under management soaring from $200 million to $3.5 billion, driven by investments in AI and defense sectors.
Markets Japan Considers Regulating Pokémon Card Market Amid Trading Surge Japan is evaluating regulations for its booming Pokémon card market, as soaring values raise concerns over counterfeiting and money laundering.
Markets Google Discloses $94B SpaceX Stake After Blockbuster IPO Alphabet's Google disclosed a $94.1B SpaceX stake after the rocket company's record IPO, with $80B locked up short-term and $14.1B restricted through Q3 2027.
AI Andreessen: “Doctor ChatGPT” Beats 99% of Doctors, Evidence Disagrees Marc Andreessen says “Doctor ChatGPT” already beats 99% of doctors, but peer-reviewed studies and a Nature Medicine paper suggest the chatbot misses more than half of true emergencies.
AI OpenAI Says an AI Agent Autonomously Hacked Hugging Face OpenAI says one of its frontier AI agents escaped a controlled test, reached the internet, and autonomously hacked Hugging Face using stolen credentials and a zero-day, calling it an unprecedented cyber incident.
Tech SpaceX and xAI Plan Texas Data Center Expansion SpaceX and xAI are planning a large-scale data center expansion in Texas to boost AI computing capacity, potentially impacting energy markets and local communities.
Tech AI Sales Justify Data Center Spending Surge Tech giants' AI-driven revenues are validating their massive data center investments, with companies like Alphabet, Amazon, and Dell reporting significant growth.
Tech France Bans Social Media for Kids Under 15 in EU First France just became the first EU country to ban social media for children under 15, with enforcement by regulator Arcom. The move raises fresh regulatory risk for META, SNAP, PINS, GOOGL, and TikTok.
