Author: Editor-In-Chief

This morning, OpenAI CEO Sam Altman finally took the stand in his defense against former co-founder Elon Musk’s lawsuit challenging OpenAI’s corporate structure. Altman was first asked what he thought about Musk’s claim that OpenAI’s other founders “stole philanthropy” when they launched a for-profit subsidiary to sell products based on the company’s AI models. After a few seconds of silence, Altman said, “I find it difficult to even wrap my head around that framework.” “We have created one of the world’s largest charities. This foundation is doing great work and will do even more.” Musk’s lawyers have been at pains…

A customer shops for produce at a HEB grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty ImagesTraders on Tuesday moved away from expectations that the Federal Reserve would cut interest rates, and actually began betting that its next move would be more likely to be a rate hike.CME Group’s FedWatch 30-day federal funds futures trading tracker says market prices have accounted for virtually all possible declines between now and the end of 2027, following better-than-expected inflation reports.In fact, there are growing expectations that concerns about the cost of living are greater than concerns about the…

Stock chart iconStock chart iconBoston Scientific’s year-to-date stock price performance.boston scientific: “I think we have to hold it. I don’t understand why this has fallen so quickly. I know there’s a lot of competition. I don’t want to throw it away here, but I can’t expect to buy more with this.”Stock chart iconStock chart iconNokia’s stock price performance year-to-date.nokia: “This is in the data center. It’s considered part of the cloud part of the wedding layer cake I gave you. We also have a great defense contract. So we have cloud and defense capabilities. What can I say? This is…

Altman says he was ‘completely caught off guard’ by his ouster in 2023Altman is answering questions about the tumultuous few days when he was briefly ousted as CEO of OpenAI in 2023. He said he was “completely caught off guard” and “quite shocked” by the board’s decision to remove him, and that he did not get much of an explanation as to why, other than that he had not been consistently candid in his communications. Altman said he was very angry and hurt as these events unfolded. He said he had poured years of his life into OpenAI, and he…

US diplomat Mike Huckabee has revealed that Israel deployed Iron Dome batteries and “personnel to help operate them” to the United Arab Emirates (UAE) to help fend off Iranian attacks.The United States ambassador to Israel heaped praise on the UAE during an event in Tel Aviv on Tuesday, saying that Abu Dhabi serves as an “example” of strong ties between Israel and Gulf states.Recommended Stories list of 3 itemsend of list“They were the first Abraham Accord member,” he said, referring to the agreements that established formal relations between Israel and several Arab countries in 2020.“But look at the benefits that…

Hello, I’m Evelyn. I am writing to you from Beijing. Welcome to the latest edition of The China Connection. This is a concise summary of what I have seen and heard from local companies.In China, students and businesses alike have embraced AI, but the US is more concerned about the negative effects. Will U.S. President Donald Trump and Chinese President Xi Jinping’s meeting foster cooperation on AI safety? big storyAt an intersection in Hangzhou, a robotic voice warned me (and others) that a scooter driver wasn’t wearing a helmet, even though I saw him wearing one.Despite this, cities and other…

Qualcomm is one of the biggest semiconductor companies making chipsets.Nurphoto | Nurphoto | Getty ImagesChip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs. Qualcomm plummeted 13% and headed for its worst session since 2020. Intel dropped 8%, while On Semiconductor and Skyworks Solutions declined more than 6% each. The iShares Semiconductor ETF tracking the sector sank 5%. Tuesday’s declines followed a hotter-than-expected reading of a key consumer inflation measure as the war in Iran lifts oil prices, sending investors into risk-off mode. The…

Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors.The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President Donald Trump’s pick.Next up for the nominee, who sat on the board from 2006 to 2011, is the vote to be chair, which is expected Wednesday.Terms for governors last 14 years, while the chair’s term goes for four years.Warsh’s vote also means the end of Stephen…

Threads is testing a Meta AI integration that works similarly to Grok in X. Users with public accounts can mention Meta AI in posts or replies to learn more. This feature is currently in beta testing in Malaysia, Saudi Arabia, Mexico, Argentina, and Singapore. Meta told TechCrunch via email that the feature is designed to allow people to get real-time context on trends and breaking news, as well as receive recommendations, in conversations. Users can ask questions like “Why are we talking about the World Cup this month?” and “Whose Met Gala fashion is trending right now?” referring to Meta…

CNBC’s Jim Cramer said Monday that even historically winning stocks are being crushed as fears over the Iran war begin to drive consumers away.”If consumers are really weak because of $4 and change gas, they should be buying stocks in TJX, Dollar General, Dollar Tree, Ross Stores and Five Below,” the “Mad Money” host said.But that hasn’t happened.Investors are increasingly selling consumer stocks on concerns that soaring oil prices will weigh on household spending, amid concerns that the Iran war could drag on after President Donald Trump’s rejection of Tehran’s latest offer to end the conflict. of SPDR S&P Retail…