Overnight brought the biggest heist in crypto history, as hackers drained $6.3 billion from Binance. Amazon’s AI spending soared while retail growth stalled, Spotify eyed a $5-a-month AI remix tool, and longreads covered El Niño forecasting and old-time fiddlers. Binance says ini ...Show more
A Chinese Spy Inside Nvidia?
I covered the NYT report that US officials think Megaspeed’s Alice Huang is a Chinese asset who cozied up to Jensen Huang, the leak of 41,000 DHS workers’ data, DoorDash’s $17B Instacart grab, and Alphabet’s ugly free cash flow. US officials believe Megaspeed executive Alice Huan ...Show more
“Circularity” is the latest buzzword in AI, as tech companies strike megadeals with each other. WSJ Heard on the Street columnist Jonathan Weil breaks down why these deals might be a win-win—and how they could go wrong. Plus, WSJ reporter Katherine Bindley explains what brought S ...Show more
The AI startup scene is bonkers. Investors are pouring so much money into AI startup companies that some of those businesses are making unsubstantiated AI claims. We explore stories of a few companies that weren't as AI-focused as they initially claimed to be.See omnystudio.com/l ...Show more
'There's an AI bubble' - but what happens when it bursts?
Nvidia's the first company to be worth more than $4trilllion, developers are being offered salaries in the billions, and companies that don’t even have a product are securing investments beyond their wildest dreams. Yet there were reports this week that Meta could downsize its AI ...Show more