Category: Business

Business
Oil prices surge as US-Iran strikes intensify in Strait of Hormuz

Oil prices surge as US-Iran strikes intensify in Strait of Hormuz

Global oil prices have surged toward a six week high as military tensions escalate between the United States and Iran in the Strait of Hormuz. This critical maritime corridor handles roughly one fifth of the

Business
OpenAI’s chief scientist says AI labs may need to slow down: ‘No one is prepared for the consequences’

OpenAI’s chief scientist says AI labs may need to slow down: ‘No one is prepared for the consequences’

Jakub Pachocki, the chief scientist at OpenAI, has issued a stark warning that artificial intelligence laboratories may need to decelerate their current pace of development. In a candid blog post shared over the weekend, Pachocki

Business
Tesla’s Cybercab has been deployed, and it’s already under investigation

Tesla’s Cybercab has been deployed, and it’s already under investigation

Tesla's ambitious leap into the world of fully autonomous ride hailing has hit a regulatory wall almost immediately upon arrival. The company recently deployed its highly anticipated Cybercab fleet, but the National Highway Traffic Safety

Business
No little kids allowed, and other new info about Tesla’s Cybercab

No little kids allowed, and other new info about Tesla’s Cybercab

Tesla's latest foray into the world of autonomous transport arrived with a surprisingly quiet entrance. Unlike the loud, spectacle driven events typical of Elon Musk, the reveal of the Cybercab was understated, featuring a brief

Business
OpenAI unveils GPT-6 Astra with major advances in AI capabilities: ‘Now in the AGI era’

OpenAI unveils GPT-6 Astra with major advances in AI capabilities: ‘Now in the AGI era’

OpenAI officially entered what its leadership calls the AGI era on Thursday with the unveiling of GPT-6 Astra. This latest model represents a massive leap forward in artificial intelligence, specifically targeting high level professional work,

Business
Snowflake Earnings, Revenue, Guidance Top Estimates. AI Software Stock Jumps.

Snowflake Earnings, Revenue, Guidance Top Estimates. AI Software Stock Jumps.

Snowflake shares surged on Wednesday evening following a strong second quarter performance that comfortably exceeded expectations across the board. The cloud data giant managed to beat both top and bottom line estimates, reporting adjusted earnings

Business
John Ternus hypes ‘huge launch next week’ in first memo as Apple CEO

John Ternus hypes ‘huge launch next week’ in first memo as Apple CEO

John Ternus has officially stepped into the role of Apple CEO, marking the end of Tim Cook's fifteen year tenure at the helm of the tech giant. The transition comes at a pivotal moment for

Business
Highest Mortgage Rates in Over a Year, But Just Barely

Highest Mortgage Rates in Over a Year, But Just Barely

Homebuyers woke up Monday afternoon to news that mortgage rates have hit their highest point in over a year, though experts say the milestone is more of a technicality than a crisis. The average top

Business
‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets

‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets

The neon lights of the Las Vegas Strip have weathered many storms, but the current climate feels particularly hostile for the city's casino moguls. Beyond a grueling summer of record heat and a noticeable dip

Business
DRAM Prices Explode 401% as One Kilogram Now Costs as Much as 620 Grams of 24K Gold

DRAM Prices Explode 401% as One Kilogram Now Costs as Much as 620 Grams of 24K Gold

The global appetite for artificial intelligence has pushed the cost of memory chips to an almost surreal level, creating a market where silicon is rivaling precious metals. According to recent data from South Korea's Trade