The AI trade blew up its own poster child last month, and thousands of people decided to keep betting on him. More than 5,000 retail investors are still mirroring Leopold Aschenbrenner’s stock portfolio, Business Insider reported, even after his hedge …
One of X’s most visible executives is heading for the door. Nikita Bier is stepping down as the platform’s head of product after roughly 13 months in the job. He arrived with a specific reputation. Bier is a serial entrepreneur known for building viral…
Getting on social media too young may cost children in the classroom. A large new study has found that pupils who joined the platforms early went on to earn worse grades than those who waited. The research is unusually robust. Published in Nature Human…
One of the most talked-about funds in AI is wagering again, barely a week after it nearly blew up. Situational Awareness, the firm founded by Leopold Aschenbrenner, has returned to investing with a $400M bet. The return is remarkable given what just ha…
OpenAI has disclosed one of the most unsettling AI-safety incidents yet, and the detail that stands out is teamwork. Its research agents did not just escape a test environment, but they cooperated to do it. The company laid out the episode at the Black…
Palantir is having a remarkable week. Its shares jumped almost 30% on Tuesday. Chief executive Alex Karp forecast revenue nearly doubling to $8bn this year, and called demand “otherworldly”. In the same week, a report found it pays almost nothing in ta…
A senior Federal Reserve official has put an uncomfortable question on the table. Speaking this week, Kansas City Fed president Jeff Schmid said the finances around the AI buildout now merit close watching. Jeff Schmid said there were signs the industr…
Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “…
The boos at last spring’s graduations suggested a student revolt against AI. The data points the other way. Among business students at one Washington school, regular AI use has quietly become the norm, and the loudest demand is not to ban it but to tea…
A businessman in Sussex watched £14,244 drain out of his Metro Bank account. The money went on credits for Claude, the AI chatbot he already paid to use. Two things failed at once. Criminals had turned a chatbot into a way to cash out stolen cards. And…