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News
Physical AI Follows ChatGPT Playbook: Data Hurdles Ahead
5+ hour, 16+ min ago (470+ words) Everyone knows AI is getting smart. The harder question is whether it can learn to work with its hands. That question is driving billions into "physical AI" - software that lets machines move, grab, and build things in the real world....
Boston Scientific Cyberattack Sends Shares Down
6+ hour, 41+ min ago (632+ words) Boston Scientific, the medical device maker, got hit with a cyberattack, and the market did not like it. Shares dropped 4.5% after the company filed a notice with regulators explaining that the attack is messing with some key systems. The ones…...
Gates Warns AI Job Losses and Economic Upheaval
8+ hour, 39+ min ago (531+ words) Bill Gates has been talking about AI for years, but his latest warning lands harder than the rest. Gates called the shift "one of the most turbulent times in human history," even under the best circumstances, and added that "the…...
Bank Earnings Climb 12% in Q2, Lending Expands
13+ hour, 29+ min ago (422+ words) The latest FDIC report shows a healthy banking sector. Net income rose 12% from the first quarter to $90.1 billion, helped by a one-basis-point widening of net interest margins to 3.32%. Loan growth also remained solid, with total loans and leases rising 1.8% quarter-over-quarter…...
OpenAI's Jalapeno Chip Beats Nvidia in New Benchmarks
13+ hour, 29+ min ago (317+ words) The testing results are important because they show how the chip could affect OpenAI's business. AI models depend on large amounts of computing power, and the cost of that power is directly related to how much OpenAI can expand. A…...
Evercore Hires Two Baird Defense Bankers to Boost Advisory
23+ hour, 53+ min ago (484+ words) Evercore is making a quiet bet on the defense industry. It is bringing in two senior bankers from Baird to build a stronger practice in aerospace and government services. The two hires are Jean Stack and John Song. They are…...
Senate Vote Looms as Crypto Bill Faces Long Odds
23+ hour, 52+ min ago (552+ words) The biggest crypto bill in years cleared the House this summer with support from both parties. That was the easy part. A bigger test lands in the Senate later this month, and the people who bet on politics for a…...
SpaceX's $100B Louisiana Starbase: More Than Rockets
23+ hour, 52+ min ago (541+ words) SpaceX announced Tuesday that it plans to build a massive new launch facility in Louisiana/), with a price tag that sounds more like a small country's budget than a construction project. The company says it will invest up to $100 billion…...
Kraken Freezes Accounts Over Dust Attack
23+ hour, 53+ min ago (609+ words) Imagine someone slipping a few pennies into your coat pocket without you noticing. Now imagine those pennies are radioactive. That is basically what happened to some Kraken customers this month. The crypto exchange temporarily locked accounts after users received tiny,…...
Northrop CEO Expects Big Share of Golden Dome Program
23+ hour, 51+ min ago (325+ words) The Golden Dome missile-defense program has been a concept for a long time. Now Northrop CEO Kathy Warden says it's becoming something the company can actually build and bill for. Warden is still confident the company can handle it. "It…...