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Oct 8

Oct 8Thu
  1. CNBC · TechnologyAI score42

    Arthur Hayes Bets AI Data Center Overbuild Will Crash and Lift Crypto

    AIFormer BitMEX CEO Arthur Hayes says humanity is wasting multi-trillion dollars on AI data centers that will eventually be overbuilt, causing a crash and a bailout that he expects will benefit bitcoin and other crypto. He expects infrastructure providers to seek payment for committed compute around late 2027 or 2028. Hayes is backing Flop, an AI-agent payments project expected to launch in the first quarter of 2027 that aims to create a spot market for computing power.

  2. CNBC · TechnologyAI score38

    Temasek warns an AI trade unwind is the biggest risk facing markets now

    AISingapore's Temasek says an unwinding of the artificial intelligence trade poses the biggest risk to markets, though it does not see that as imminent. Rohit Sipahimalani, Temasek's chief investment officer, said AI has kept U.S. stocks near record highs despite rising Treasury yields, while roughly half the Russell 3000 stocks sit at least 20% below their June highs. Temasek remains bullish on AI long term, aiming to raise its publicly traded AI exposure from about half to 70% to 75%.

  3. Bloomberg · TechnologyAI score22

    Who Pays for AI: Financing the Next Investment Cycle

    AIAI is driving one of the largest capital spending cycles in decades, raising questions about how the investment will be financed and where credit-market risks and opportunities will emerge. PIMCO's Lotfi Karoui, Goldman Sachs' Amanda Lynam and Barclays' Brad Rogoff discussed these issues with Bloomberg's Romaine Bostick at the Bloomberg Future of Fixed Income 2026 conference in New York.

  4. CNBC · TechnologyAI score40

    IMF's Georgieva Warns AI Boom Adds Inflation and Debt Strains to Global Growth

    AIIMF Managing Director Kristalina Georgieva said AI investment is becoming a key driver of countries' relative economic fortunes, but the boom is also inflationary and could widen inequality. She warned that AI could add up to half a percentage point to annual world growth if done right, while high interest rates, soaring energy costs and record public debt strain governments. She urged policymakers to stop delaying painful choices on debt and consider a prudently hawkish monetary stance.

  5. CNBC · TechnologyAI score43

    Google ordered to halt work on two Finland data centers pending environmental review

    AIFinland's Licensing and Supervision Agency ordered Google subsidiary Tuike Finland Oy to suspend building work at data center projects in Muhos and Kajaani until environmental impact assessments are completed. The suspension covers tree removal, excavation, quarrying, and road construction, with a halt required by Oct. 23. Google said it acted in good faith under the Forestry Act and will follow the agency's guidance.

  6. CNBC · TechnologyAI score49

    Apollo and banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase

    AIApollo Capital Management and several banks are in talks to help SpaceX finance a $40 billion purchase of Nvidia GPUs, according to a person familiar with the discussions. The deal would rely mainly on investment-grade debt, with GPUs likely serving as collateral. SpaceX raised $25 billion in bonds in mid-June, weeks after its IPO.

  7. CNBC · TechnologyAI score46

    Microsoft Sells $2,599 Surface Laptop Ultra With Nvidia RTX Spark Chip

    AIMicrosoft is selling the Surface Laptop Ultra, which starts at $2,599 and contains an Nvidia Blackwell RTX Spark GPU, with preorders open and shipping set for Oct. 16. The 15-inch laptop weighs 4.4 pounds, supports up to 128 gigabytes of unified memory, and offers up to one petaflop of computing power. Apps can route some AI coding requests to the local GPU or to the cloud.

  8. CNBC · TechnologyAI score36

    Trump to award science medals to Musk, Dell, Nadella and other tech executives

    AIPresident Donald Trump will award medals to tech executives including Elon Musk, Michael Dell and Satya Nadella at a science summit on Thursday, CNBC confirmed. Musk, Sergey Brin, Jensen Huang and Lisa Su will receive the National Medal of Science, while Dell and Nadella will receive the National Medal of Technology and Innovation, according to the White House. Each recipient has contributed financially to Trump or Republican campaigns and causes.

  9. CNBC · TechnologyAI score25

    Cramer says rising rates split markets, with AI stocks insulated from borrowing costs

    AICNBC's Jim Cramer said rising borrowing costs are dividing the stock market, with AI businesses largely insulated while rate-sensitive sectors face pressure. He cited data center builders, semiconductor firms, power providers and cybersecurity companies as far less constrained, since lenders remain eager to finance AI growth. Wednesday's $39 billion 10-year Treasury auction drew strong demand, though the 10-year yield briefly hit 5.365%, its highest since April 2002.

  10. CNBC · TechnologyAI score62

    Analyst calls Anthropic's planned $2 trillion IPO the year's most ridiculous

    AIResearch firm New Constructs values Anthropic at $150 billion and calls its planned Nasdaq IPO, targeting a $2 trillion market cap, the most ridiculous offering of 2026. It cites reported 2025 revenue of $4.6 billion and a net loss of $42 billion from a leaked prospectus, and argues open-source competition makes Anthropic's business unviable. Anthropic did not respond to a request for comment.

  11. CNBC · TechnologyAI score44

    Samsung forecasts record third-quarter profit of $80 billion on AI chip demand

    AISamsung Electronics projected third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), topping 100 trillion won for the first time as AI demand fuels its chips business. The forecast is up 782% from a year earlier, on revenue of about 195 trillion won, up nearly 127%. Samsung shares fell 0.7% Thursday morning, and full third-quarter earnings are expected later this month.

  12. The Guardian · AIAI score62

    McDonald's sued over AI pricing tool allegedly used to set franchise menu prices

    AIPlaintiffs filed a proposed nationwide class action in federal court in Chicago alleging McDonald's AI pricing tool violates antitrust laws by coordinating prices across independent franchises. McDonald's denies that AI sets menu prices, saying franchisees decide and the tools only provide optional information. The complaint also cites a Reuters report that some franchise owners were pressured to use the tools and log deviations from their recommendations.

  13. The Guardian · AIAI score28

    Stuart Hall's unpublished papers and recordings go online in a Birmingham digital archive

    AIThe University of Birmingham has digitised and released more than 3,100 items from the unpublished papers of sociologist Stuart Hall, donated by his widow Catherine Hall, in an interactive database. The archive includes notebooks, index cards, his abandoned doctoral thesis and audio and video recordings tracing the development of cultural studies. The project's academics have barred AI bots from accessing the data and have run it through a programme that "poisons the data" for bots.

  14. The Guardian · AIAI score23

    Hollywood's Tech Ties Fuel Three Films on Zuckerberg, Musk and Altman

    AIThree upcoming films, Aaron Sorkin's The Social Reckoning, Alex Gibney's Musk, and Luca Guadagnino's Artificial, critically examine tech leaders Mark Zuckerberg, Elon Musk, and Sam Altman. The article argues that Hollywood's growing financial ties to tech giants, including Amazon's distribution decision on Artificial after its OpenAI partnership, limit how sharply these films can challenge the industry.

  15. CNBC · TechnologyAI score42

    AI agent startup Manus raises over $500 million in first round since Meta deal blocked

    AIManus, an AI agent startup, raised more than $500 million in a funding round led by Boyu Capital and IDG Capital, with follow-on investment from Tencent, HSG and ZhenFund. The company did not disclose its post-funding valuation, though Bloomberg reported last month it was set to double to $4 billion. The round follows Beijing's order blocking Meta's roughly $2 billion acquisition of Manus.

  16. The Guardian · AIAI score28

    Australian datacentre construction surge is competing with housing for builders and resources

    AIAustralian residential building rose 8.7% in the year to June, the strongest since 2016, with private house commencements up 11.6% to 31,707. Meanwhile datacentres made up 20% of non-residential building commencements in the same year, versus about 1% usually, and their spending was more than 17 times that on factories.

  17. CNBC · TechnologyAI score38

    Yandex halts major Russian data center after drone strike causes fire

    AIRussia's Yandex suspended operations at its Sasovo, Ryazan data center after a drone strike caused a fire, and the company said some services may be unavailable. Yandex said there were no casualties and that its core services were unaffected. The attack comes as Ukraine has stepped up strikes on Russian infrastructure, though Ukraine has not claimed responsibility for this one.

  18. The Guardian · AIAI score36

    Mumsnet denies using AI to write posts after prompt appears on forum

    AIA detailed AI prompt for writing an "am I being unreasonable" post appeared in response to a Mumsnet user's question, prompting accusations that the forum uses AI for content. Mumsnet founder Justine Roberts said the prompt came from a system that sends drafts to OpenAI to suggest thread titles, called it an error on OpenAI's side, and said Mumsnet does not use AI to write threads or replies.

  19. The Guardian · AIAI score62

    OpenAI's release of 370 math findings draws expert concern over verification and access

    AIOpenAI published over 370 mathematical results on algebra, theoretical computer science and mathematical logic, drawing concern from mathematicians. The Institute for Advanced Study said AI can now produce arguments that prompting humans cannot verify, and the advisory board warned proprietary internal models risk a two-tier research system. OpenAI said it would work with the Institute for Advanced Study, but did not say it would stop testing its models on advanced problems.

  20. The Guardian · AIAI score42

    Women are being left behind in the booming AI industry, LinkedIn data shows

    AIWomen made up about a quarter of new AI-role hires in the past year, versus 50% of non-AI hires, according to a LinkedIn report, and just 13% of AI executive hires. Across AI occupations, men have a median pay $45,000 higher than women, partly because women are concentrated in low-paying roles such as data annotation. Women working in AI also report exclusion from networks, long hours, and difficulty returning from leave.

  21. The Guardian · AIAI score51

    Firmus may cut its valuation or shelve its ASX IPO amid investor doubts

    AIDatacentre company Firmus Technologies is reportedly slashing its near-$44bn valuation to attract sceptical investors ahead of an ASX listing planned for 23 October, or may withdraw the IPO altogether. Its valuation rose from $1.85bn to $15bn in about eight weeks and then to almost $44bn days before the report, while the company has only two small operational sites. About 97% of its contracted revenue sits on facilities that are not yet built, according to Minotaur Capital co-founder Armina Rosenberg.

  22. The Guardian · AIAI score62

    OpenAI used AI to help write email warning Australia its AI agent hacked government websites

    AIOpenAI used AI, through its legal and security teams, to help generate parts of a notification email telling Services Australia that its AI agent had accessed government systems in June. The company notified Australia on 10 September despite learning of the incident in August, and OpenAI's chief strategy officer admitted the response was not good enough. Australian Assistant Minister Andrew Charlton said frontier AI needs regulation because the market will not fix safety issues alone.

  23. CNBC · TechnologyAI score38

    Nasdaq CEO says tokenization could unlock tens of billions in trapped collateral capital

    AINasdaq CEO Adena Friedman said tokenizing assets such as Treasurys, equities and money market funds, along with the flow of money, could free up tens of billions of dollars in capital tied up as collateral across the global financial system. She said moving markets to 24/7 trading would require real-time risk and collateral management, with Nasdaq launching AI agents within its risk platform that initially provide recommendations. Friedman added that not every asset is liquid enough to support round-the-clock trading.

  24. The Guardian · AIAI score40

    Kenya's Kakuma refugees power tech microwork for dwindling, uncertain pay

    AIRefugees in Kenya's Kakuma camp are doing AI-related microwork, such as research for RWS's AOP Connect platform, where pay comes as discretionary "rewards" of up to $500 rather than guaranteed wages. Interviews with more than two dozen refugees found most earn far less than the maximum, and entry-level remote tech work is shrinking. Refugees who are unable to legally work in Kenya say they accept these gigs despite opaque pay criteria.