Business / Finance
Applied Materials’ $5 billion AI lab aims to cut chip development time in half—and restore Silicon Valley’s edge
Applied Materials, the leading maker of chipmaking equipment, officially unveiled its EPIC chip R&D center with partner companies including Intel, Micron, SK Hynix, and Samsung El…
How long will humans be needed for translation?
AI dominates the translation business, but for high-stakes work, humans are still needed.
Royal Mail losing 400 postal workers a week, says union
The CWU says more posties are leaving since a new delivery system was brought in, that it claims is not working in hundreds of offices.
Cryptocurrency exchange founded by Reform donor Ben Delo sued for £20m
Former investor alleges BitMEX sold products in UK despite not being regulated by Financial Conduct AuthorityA cryptocurrency exchange founded by the billionaire Reform UK donor B…
Rules, London’s oldest restaurant, donated to National Trust
Historic eatery in capital’s theatreland given to heritage charity after changing hands only three times in 228 yearsWhen Thomas Rule served his first oyster to diners on Maiden L…
Tech companies are overhauling company structures to justify AI spending, and it means AI agents could start appearing on org charts, Block CFO says
"I do think we're headed into a new frontier as to what the organization looks like," said Amrita Ahuja, Block's chief financial officer and chief operating officer.
Jennifer Siebel Newsom on her legacy as California’s First Partner: Equal pay ‘wasn’t enough,’ so she turned to women’s wealth
At Fortune’s Most Powerful Women Summit, Jennifer Siebel Newsom pointed to financial literacy, savings programs, and capital for female founders as part of her push to close the w…
Sam’s Club CEO Latriece Watkins says she feels most powerful watching the people she’s invested in succeed
Latriece Watkins says helping others succeed has been mutually beneficial, and advises business leaders to set aside time to get leadership clarity.
BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing
The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.
OpenAI Engineer Arrested for Bugging Office, Company Says AI Caught Him
A Saudi national working at OpenAI allegedly hid an encrypted audio recorder behind a TV in an executive meeting room. OpenAI says its own models helped trace it back to him.
Saudi man charged with planting 'sophisticated' recording device in OpenAI office
Prosecutors say the device, wrapped in toilet paper, was found inserted in a USB port on the back of a TV in an executive conference room.
‘We talk ourselves out of it’: Entrepreneur Emma Grede never second-guesses herself
Grede is the cofounder of $5 billion shapewear brand Skims alongside Kim Kardashian and husband Jens Grede.
Character.AI Files for Bankruptcy as Disney Bids $20 Million—And Users Get Grief Resources
The chatbot app once valued at $1 billion is up for sale in a Delaware court, two weeks after launching new models. If nobody buys it, it shuts down.
Why Asia’s AI moment depends on leaders, not tools
Accenture's Ryoji Sekido argues the deference that slows change elsewhere can speed up AI adoption—if leaders learn in public and go looking for bad news.
Centene CEO sees health care’s biggest AI opportunity beyond automation
Sarah London argues that AI’s greatest potential lies not in streamlining billing and paperwork.
AI in your oven? Anthropic warns models ‘months away’ from self-replication on smart devices
Researchers say ‘AI worms’ could soon infiltrate internet-connected devices amid calls for increased guardrailsAnthropic is warning that some of its artificial intelligence models…
BBC asks judge to force Trump to sit for deposition as part of his $10bn lawsuit
BBC asks US federal judge to compel Trump’s lawyers to schedule deposition after his team canceled initial sessionThe BBC is asking a federal judge in Florida to force Donald Trum…
Am I Moneymaxxing? Plus, More October Money Questions
The Nerds explore how to stop living paycheck to paycheck, moneymaxxing and high utility bills.
The GOP billionaire behind the biggest political gift in U.S. history could be sued for allegedly fueling a Chicago rat infestation
A city document says Barre Seid has paid workers for three years to scatter nuts in Lincoln Park, but officials say it draws rats.
More than a third of Americans earning over $500,000 say they’re living paycheck to paycheck, Goldman Sachs finds
Nearly half of $500K-plus households pay only the minimum on their credit cards, and 80% have put off a major financial goal—more than middle earners on both counts.
How tech icon Meg Whitman is already leaving her mark on grocery giant Albertsons
The grocer is losing out to Walmart, Costco and Kroger.
Binance Is Shutting Down Its Bitcoin Mining Pool After Six Years
Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, and other related services in a retreat from mining infrastructure.
Meta’s Muse models reach the AI frontier—and kill any hopes to ‘pace’ it
In game theory, coordinated efforts are doomed to fail if one party doesn't comply, and Zuckerberg is an AI accelerationist. But was the idea to 'pace the frontier' ever realistic?
Strict liability is gaining traction as a solution to force AI companies to institute better safety controls. But it has some big downsides too
Strict liability might not work, could curtail open source AI development, and might even push AI companies to move into their customers' turf.