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News
Uber tightens work-from-home rules, asks remote employees to relocate or leave
1+ day, 20+ hour ago (548+ words) Uber is scaling back work-from-home flexibility, capping fully remote roles at 1% and asking employees away from office hubs to relocate or leave. Uber is sharply scaling back work-from-home flexibility, with fully remote roles set to account for only around 1% of…...
OpenAI's Altman won't do IPO this year, calls AI extinction risk 'unacceptable"
8+ min ago (524+ words) LOS ANGELES: OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end. The…...
Marvell CEO reveals decade-long gem behind its explosive 239% surge
1+ day, 3+ hour ago (542+ words) Marvell has outperformed every major chip stock, from NVDA and AMD to Broadcom, over the past year....
Dallas-based Perry Weather, a weather monitoring software provider, raised a $110M Series C led by Silversmith Capital Partners, taking total funding to ~$131M
19+ min ago (12+ words) Top news and commentary for technology's leaders, from all around the web....
Anthropic Modeled the 2030 Economy Three Ways. The Richer the Country Gets, the Worse It Gets for Knowledge Workers
48+ min ago (906+ words) Anthropic just published a model of what AI could do to the US economy by 2030, and the headline is uncomfortable: in the scenarios where the economy grows the fastest, knowledge workers are the ones who pay for it. Full disclosure:…...
Forum puts power, talent at center of southwest chip push
1+ hour, 9+ min ago (669+ words) South Korea’s plan to establish a major semiconductor production base in the southwest is taking shape, with government officials and industry experts saying it...
Forget NVDA: Peter Thiel's New $419 Million Portfolio Bets Big on the Power Behind AI
1+ day, 4+ hour ago (41+ words) Peter Thiel‘s investment firm, Thiel Macro LLC, disclosed a $418.67 million equity portfolio across eight companies in the second quarter, bypassing semiconductor manufacturers to allocate capital toward electrical grid operators, nuclear developers, tech infrastructure, and conventional energy. Rebuilding Capital in......
Goldman Sachs came to own 680,000 acres of Tierra del Fuego when a timber company's debt went bad — and instead of selling, the bank gave all of it away to a wildlife society, and forests once marked for clear-cutting became one of Chile's largest private nature reserves
1+ hour, 20+ min ago (26+ words) Investment banks acquire strange things when loans go bad. In 2002, Goldman Sachs bought a portfolio of distressed debt — the kind of bulk purchase of soured...
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 4+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
AI Startup Discovery Loop, founded by former Google Chief Scientist Jeff Dean, seeks to raise funds at $50 bn valuation
2+ hour ago (303+ words) Discovery Loop, an artificial intelligence (AI) startup founded by Jeff Dean, a former chief scientist at Google, is seeking to raise funds again at a valuation of $50 billion. According to the report, the terms of the deal remain subject to…...