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News
OpenAI, independent firms publish reports into rogue AI agent attack on Hugging Face. Here's what they say???and what they don't
10+ hour, 58+ min ago (514+ words) OpenAI today published the findings of its internal investigation into the July incident in which several AI models it was testing hacked their way out of their test environment and launched a cyberattack against the AI company Hugging Face. Although…...
U.S. economy grows at sluggish 1.5% pace in second quarter
10+ hour, 53+ min ago (328+ words) The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong. Growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.1% pace from January through March, the Commerce Department…...
???It???s very objective???: Billionaire Marc Lore's Wonder uses an AI algorithm to determine who gets promoted
13+ hour, 50+ min ago (431+ words) Marc Lore has built companies by trusting the numbers. At his latest startup Wonder, that philosophy now extends to deciding who gets promoted, with the help of AI. The billionaire entrepreneur told Fortune’s Allie Garfinkle in a recent Term Sheet…...
Anthropic???s $30 trillion market size estimate shows how far AI???s funny numbers game has gone
11+ hour, 57+ min ago (527+ words) If there’s one thing that AI companies are known for, it’s their fondness for seemingly incomprehensible numbers. Over the last few years, the industry has seen eye-watering salaries, unprecedented adoption figures, and never-before-recorded capital expenditure. Now come total addressable market…...
How David Tisch's BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules
12+ hour, 9+ min ago (1017+ words) Decades before David Tisch began investing in startups, he was wheeling and dealing sports cards as an 11-year-old kid in the suburbs of New York. The returns are staggering: BoxGroup first wrote a $750,000 check to Cursor CEO Michael Truell, plus…...
A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time???but there's a catch
13+ hour, 12+ min ago (617+ words) Watch out, investors—the AI boom is making its way to you. Scalable Capital is opening its investment platform to AI assistants including ChatGPT, Claude and Grok—giving European investors the ability to analyze portfolios, set up savings plans and…...
ChatGPT can now search years of your texts???but the privacy risk isn???t just yours
13+ hour, 8+ min ago (1111+ words) ChatGPT no longer has to wait for people to copy and paste their texts into the chatbot. Now it can search for them itself. A new Apple Messages plugin lets ChatGPT search old texts, summarize group chats, draft replies, and…...
The $40 trillion national debt and the bond market's revolt: top Wall Street strategists explain how we got into this mess
14+ hour, 59+ min ago (720+ words) Fortune The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess Total U.S. debt crossed $40 trillion for the first time this month. In the week since, two of Wall Street’s…...
Saudi brothers mint billion-dollar fortune from AI boom
16+ hour, 35+ min ago (369+ words) Two Saudi brothers have amassed a fortune of about $1.4 billion as the technology company they control rides the kingdom’s multibillion-dollar push to build artificial intelligence infrastructure. Al Moammar Information Systems Co. hit a record high Wednesday after it said a…...
Goldman Sachs Global Institute co-head: remaking our world for machine intelligence
16+ hour, 28+ min ago (390+ words) George C. Lee II is the co-head of the Goldman Sachs Global Institute. The emergence of new technology has long inspired humans to shape our environments. The invention of steel permitted the rise of skyscrapers, the automobile inspired highway systems and…...