Author: Editor-In-Chief

Sam Altman and Elon Musk exchanged barbed posts on social media over the weekend, drawing new attention to the gap between vision and reality in the space computing business. After Musk accused him of being a fraud, Altman said, “Homeboy, you’re selling public market investors on short-term space data centers.” “Homeboy” aside, Altman is saying what many experts have concluded but public market investors seem to be ignoring: Space data centers won’t become a serious business anytime soon. SpaceX’s plans to launch a fleet of orbiting data centers to perform AI inference tasks are a major driver of the company’s…

In a scathing order Monday, a federal judge in Florida said President Donald Trump filed a $10 billion lawsuit against the Internal Revenue Service for “improper purposes” and a show of “judicial vindication” for his controversial settlement with the Justice Department.The May settlement temporarily led the Justice Department to create a since-abandoned $1.8 billion “legal” fund to compensate alleged victims of the department’s prosecutorial overreach. It also effectively provided Mr. Trump, his family, and related entities with immunity from IRS audits, prosecutions, and regulatory enforcement actions on tax returns filed through the May settlement date. In a new order in…

Apple’s trade secrets lawsuit against OpenAI is packed with a number of unusual allegations that paint a picture of a systematic effort to extract sensitive information from Apple’s current and former employees. But perhaps what’s most striking is how casually the alleged cheating is described, including the message, “Lol, I see you have access to (network storage), that’s pretty funny.” The 41-page complaint filed Friday lays out these and other allegations in unusual detail. Here are some of the ones that impressed us the most. “Normalized and modeled by leadership.” With this description of OpenAI, Apple is making clear that…

Check out the companies that made the biggest pre-market moves. SK Hynix — The South Korean semiconductor maker’s U.S.-listed shares fell 8% after listing on the Nasdaq on Friday — after soaring nearly 13%. The company’s Seoul-listed shares fell more than 15%, marking its worst day ever. Memory and chip stocks — Many stocks are under pressure as investors reconsider the viability of the artificial intelligence industry. The Round Hill Memory ETF (DRAM) had SanDisk down 5.5%, Western Digital and Micron Technology were down 5%. Meanwhile, the iShares Semiconductor ETF (SOXX) fell 2%, Intel fell more than 2.5% and Advanced…

President Donald Trump said the United States would reinstate a naval blockade against Iran and “become the guardian” of the Strait of Hormuz, as tensions with Iran continue to threaten to derail efforts toward a more lasting peace.President Trump made the comments in an interview with Fox News and a post on Truth social on Monday, shortly after the United States and Iran exchanged the latest attacks. Iran announced another attack on US military facilities in Bahrain, Kuwait, Oman and Jordan, with US forces primarily targeting port cities on Iran’s coast.Recommended stories list of 3 itemsend of list”We are reinstating…

A black Labrador has been rescued from Britain’s highest mountain after becoming seriously ill after eating cannabis, his owner has announced. Five-year-old Tokyo became unwell and even lost consciousness hours after hiking on Ben Nevis in Scotland last Sunday, according to his owner Christina Blume. “She was very happy eating and drinking treats and being her normal, very active self,” Blume, a professional dog trainer, told CNN on Monday. The two were trekking with Blume’s 17-year-old son, Magnus, and their 2-year-old golden Labrador, Blaze. Things then changed dramatically as they approached the 1,345-meter (4,413-foot) summit. “We were about an hour…

Karshi logo illustration.Dado Ruvik | ReutersPrediction market platform Kalsi is launching a product for highly active traders on Monday, the company told CNBC.Kalshi Pro, which is currently available to the public, is designed for speculators who trade multiple markets simultaneously or trade at high speeds during live events, according to a memo provided to CNBC. The platform is also designed to support those executing dormant orders, which are trades that are not executed until a certain price is reached, the memo said.CNBC reported in early June that Kalsi was working on developing a terminal for high-end traders. Kalsi confirmed the…

shares of space x Shares fell for the second trading day on Monday, with Elon Musk’s company nearing its initial public offering price of $135, just days after listing on the Nasdaq 100. Now, after its first month as a public company, the company’s stock has remained volatile since going public on June 12, and is down about 7% from its initial trading price of $150.The blockbuster debut, which briefly made Mr. Musk the world’s first trillionaire, was expected to be the first of several other highly anticipated IPOs in the artificial intelligence field. OpenAI and human.The companies said they…

Darling Graham Nordon, R.S.C., sister of Sen. Lindsey Graham, takes the stage before her presidential inauguration announcement on Monday, June 1, 2015 in Central, South Carolina.Rainier Ehrhardt | APPresident Donald Trump on Monday asked South Carolina’s governor to appoint Darling Graham Nordone, the sister of the late Sen. Lindsey Graham, to the Senate seat until the end of the year.Graham, 71, passed away suddenly on Saturday, leaving his seat vacant until the end of his term. His death was the result of aortic dissection due to atherosclerotic cardiovascular disease, according to preliminary findings from the District of Columbia coroner and…

SAN FRANCISCO (AP) – Hundreds of economists said in an open letter that financial institutions “must act now” to address any problems. artificial intelligence It could completely change the economy and put many people out of work.The statement released Monday was signed by top economists, as well as computer scientists and business executives. high tech companies Anthropic, Google, OpenAI, and more.”AI has the potential to become dramatically more powerful over the next decade,” says the letter, organized by Stanford University’s Digital Economy Lab. “This could trigger an unprecedented transformation of our economy, larger in scale than the Industrial Revolution but…