Trump’s crypto partner Alt5 Sigma may have violated SEC rules by not properly disclosing executive changes. The company faces multiple crises including a Rwanda money laundering conviction and internal investigations.
Markets plunged despite Nvidia’s impressive earnings, with the S&P 500 dropping 1.5% and Nasdaq falling 2.15%. The selloff wiped out $2.4 trillion from AI-related stocks globally as questions mount about profitability and costs. Meanwhile, Bitcoin crashed 35% from highs and Fed rate cut odds swung w
Verizon has announced it’s cutting 13,000 jobs in a major restructuring effort. The company claims this has nothing to do with AI automation, but the scale suggests deeper problems. CEO Dan Schulman promises more organizational changes in coming weeks.
Small businesses face dramatically increased cyberattack risks during the holiday season. New research shows 69% of business leaders reported being targeted, up from 47% just a year ago.
Meta has been ordered to pay $552 million to 87 Spanish digital media agencies for GDPR violations. The court ruled Meta gained unfair competitive advantage by using improper legal justification for behavioral advertising. Meta plans to appeal the decision.
Corporate AI adoption is a mess despite massive investment. The real issue isn’t the technology itself but how companies are implementing it without clear problems to solve. Most organizations are stuck in pilot purgatory while missing huge productivity opportunities.
A Rothschild & Co analyst just downgraded Amazon and Microsoft despite the AI hype. He warns that AI infrastructure costs are dramatically higher than investors realize, with GPU capex reaching $40 billion per gigawatt while generating only $10 billion in revenue.
Meta has been ordered to pay €479 million to 87 Spanish media outlets after losing a major GDPR lawsuit. The case centered on the company’s data processing practices for targeted advertising. Meta says it will appeal the decision.
Donald Trump is backing a proposal to stop states from regulating AI companies, sparking outrage within his own party. The plan would create one federal standard instead of letting states set their own rules, drawing criticism from prominent Republicans.
The James Webb Space Telescope has revealed a stunning four-shell dust structure around the Apep binary star system. Located 8,000 light-years away, this system contains two rare Wolf-Rayet stars and a massive supergiant companion. The discovery provides new insights into how massive stars interact
