A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, handling ~20% of payments in Russian foreign trade, or $100B+ annually — A7 says it handles nearly 20% of payments in Russian foreign trade, or more than $100 billion annually
Amazon is backing a 7.65 GW gas plant for an off-grid TX AI data center, potentially the largest single US emissions source, at odds with its 2040 net-zero goal — The tech giant is investing in the natural-gas-burning power plant as part of a huge data center in Texas, even as it pledges to honor climate commitments.
South Korea's AI-driven chip industry boom is reordering the country's society, changing expectations around fairness, careers, and even culture and dating — Factory workers with $400,000-plus bonuses are supplanting doctors and lawyers as the new elite, while investors play a casino-like stock market.
How Amazon and Gilroy, California, quietly negotiated a $2B data center project that AWS applied to build in 2020, without any public meetings or votes — Company and Gilroy, Calif., spent years quietly negotiating $2 billion project that few residents knew about until work began
Analysis: Google DeepMind has lost frontier-model momentum amid leadership and RL talent departures, with Google Cloud emerging as a winner with more compute — GCP YoY rev growth >100%, DeepMind's long term failure is Google Cloud's short term gain — On Wednesday, August 5th …
Nintendo reports Q1 revenue down 10% YoY to ~$3.3B, above $2.8B est., net income of ~$933M, above ~$495M est., and Switch 2 sales down 34.4% YoY to 3.82M — Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Uber and Wayve say Wayve received London private hire vehicle licenses for supervised robotaxis ahead of a full rollout; Waymo plans to offer robotaxis in 2026 — Uber Technologies Inc. and UK startup Wayve Technologies Ltd. are preparing to launch their robotaxi service in London with a safety driver …
Sources: Beijing is growing concerned about the cyber capabilities of Mythos and other US-developed frontier AI models and their potential as offensive weapons — China is growing anxious that Anthropic PBC's Mythos could be wielded against the world's second-biggest economy …
YouTuber Hank Green faces online criticism after using ChatGPT to help research a script, and says his LLM usage “is not healthy for me or good for the world” — Hank Green, a novelist, comedian, and YouTuber with 3.2 million subscribers, recently apologized to his audience for his growing reliance on AI chatbots.
London-based AI chip startup Olix raised $312M led by Fundomo, with participation from Arm, at a $3.3B valuation, up from $1B+ after raising $220M in February — British entrepreneur behind Olix raises $312mn from investors including Arm in effort to take on Nvidia
Researchers used AI-assisted code to undetectably tamper with data from computerized scans of physical DNA evidence produced by widely used crime-lab machines — Researchers found that widely used lab machines produced digital DNA files that are vulnerable to tampering
Experts say US law is unprepared for rogue AI agents and models, as recent OpenAI and Anthropic incidents raise questions over legal liability and repercussions — Both major AI labs' models broke containment, escaped onto the internet, and hacked other companies.
Thoughts on Apple Upgrade; sources: MacBook Air is now facing shortages too; Apple wants to turn its future glasses and headsets into health and fitness devices — Also: MacBook Air runs into major shortages. — Apple has finally delivered a hardware subscription program …
As Taiwanese server makers expand in Mexico, the country has become the second-largest supplier of servers to the US, behind Taiwan, with $46.9B in YTD sales — Factories churning out servers for data centres are pushing exports to record levels
A look at the deluge of AI computing power set to come online in the coming years; Epoch AI expects the number of AI chips in use to double every nine months — The milestones for artificial intelligence keep getting grander. — In 2023, an A.I. system passed the bar exam.
Alexander Osipovich / Wall Street Journal : A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, h...
