Author: Editor-In-Chief

Less than two weeks after Meta agreed to a massive deal $18 billion settlement in multiple states over social media consumer harm, company announces biggest bet yet on consumer AI – And it requires much more trust than traditional social media. The company on Tuesday announced Muse, a new personal AI agent that helps consumers with their daily tasks and projects for U.S. users. To use Muse, consumers must trust Meta with more personal information than ever before. AI agents work by connecting to the users’ apps and services that are part of their daily workflow, such as email, calendar,…

File photo: The logo of Swiss pharmaceutical company Novartis is seen at the company’s new cell and gene therapy factory in Stein, Switzerland, November 28, 2019.Arndt Wiegmann | ReutersNovartis Shares plunged on Tuesday after the pharmaceutical giant announced that its drug deldesiran, a drug for the muscle-wasting disease, had failed in late-stage trials. The company’s shares fell about 10.5% in late afternoon trading as investors reacted to the trial’s third setback in a week. That put stocks on track for their worst trading day since March 2020. Stock chart iconStock chart iconNovartis stockDeldesiran’s results came days after Novartis announced that…

Hedge fund manager Brian Kelly keeps his staff working 24/7, but his labor costs are a fraction of what they used to be. That’s because Kelly, who previously ran a cryptocurrency hedge fund, has founded a new trading company called Bracket22, which is fully powered by agent-based artificial intelligence.”I used to have seven or eight employees all over the world, many of them based in New York,” Kelly told CNBC. “If you subtract their salaries, computing, medical expenses, etc., my salary is in the millions of dollars a year.” Factoring in things like office space and bonuses, Kelly estimated that…

Cognition, the startup behind coding assistant Devin, announced it has raised $2 billion at a valuation of $48 billion. The round comes just four months after Cognition last raised funding at a $26 billion valuation and was led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. The startup’s soaring valuation shows that VC still sees room for several large companies to capture meaningful market share in one of the technology’s most important applications: AI coding. Cognition said annual run-rate revenue has increased from $492 million to $900 million since announcing its last funding in May. The startup did…

The yield on the 10-year Treasury rose above 4.8% at one point as oil prices rose ahead of key inflation data due later this week. key 10 year Treasury bill Benchmark yields for mortgages, auto loans and credit rose and fell above that threshold throughout the session. The highest price reached 4.812% and the close price was 4.786%. It reached a high of 4.818% on September 2, the highest level since November 2023. longer date 30 year bond The yield, which often fluctuates in response to geopolitical events, was flat at 5.239%. yield of 2 year Treasury billThe rate, which…

corning and Qualcomm Stocks rose on Tuesday, and many AI stocks also rose as two infrastructure deals boosted Wall Street’s confidence that data center spending remains strong. chip manufacturer intel and advanced micro device increased by 9% and 6%, respectively. hewlett packard enterprise Photonics companies up 8% reasonable Added 7%. All of these companies have been big wins for investors this year, with HPE and AMD more than doubling in value and Intel nearly tripling as artificial infrastructure construction expands to other companies. Nvidia. Corning, the glass maker whose fiber-optic technology is becoming a key part of AI data centers,…

U.S. officials have criticized Ford’s partnerships with Chinese companies CATL, Geely and BYD over security risks.Published September 8, 2026September 8, 2026The U.S. Department of Transportation has sent a letter to Ford Motor Co., Ltd. expressing concern about Ford Motor Co.’s partnership with a Chinese company amid ongoing trade tensions between Washington and China.U.S. Transportation Secretary Sean Duffy said in a letter to Ford CEO Jim Farley that Ford’s partnerships with Chinese battery maker CATL and automakers Geely and BYD raise national security concerns. The letter was made public on Tuesday, but was only sent late last week.Recommended stories list of…

On August 4th, Grant de Swardt, an independent AI consultant from East Sussex, UK, noticed something strange going on with the Claude Max 20x account. Although he was not working that day, his token usage was increasing. The next day, he disabled everything that was connected to Claude, making it unusable. Token consumption has increased again. “In the most clearly controlled intervals, this value increased from 45% to 55% when I was not doing any work, scheduled Cowork tasks were paused or completed, dispatch/cloud execution was disabled, and there was no corresponding active local load code task,” de Swardt told…

In this illustrated photo taken on May 13, 2017, a man holds a laptop computer with a cyber code projected onto it.Kacpar Pempel | ReutersCryptocurrency market data site CoinGecko said in a report dated August 27 that security audits alone are not enough to protect many crypto platforms from money-losing hacks.According to the report, between January 2025 and July 2026, crypto platforms lost more than $3.63 billion due to various cyberattacks and passkey thefts.Approximately 88% of stolen funds and 60% of affected platforms “have completed independent security audits,” the report said. The report noted that most attacks target areas that…

The Trump administration is trying to build up the U.S. battery supply chain and reduce dependence on China. But analysts and executives who spoke to CNBC said the funding set aside for this effort is small compared to what would be needed to significantly loosen China’s grip on the industry. In August, the Department of Energy awarded $500 million to seven companies involved in battery minerals, materials, manufacturing and recycling. This is part of a larger push by the government to secure critical minerals and other materials. It also follows the cancellation of a number of Biden-era policies that supported…