OpenAI CEO Sam Altman ruled out a 2026 IPO on Saturday, calling it "ill-advised" amid AI safety concerns, as Anthropic CEO Dario Amodei published a three-step plan to slow AI development that drew rare public support from both Altman and Elon Musk.
Revolut confirmed it exposed sensitive customer data — including passport copies and transaction histories — after fraudulent requests were submitted using a legitimate government agency's email domain. The fintech said a "limited" number of customers were affected and that company systems and funds remain unaffected.
A coalition of former EPA officials released a report identifying 30 federal deregulatory actions since January 2025 that they say increase health risks from AI data center pollution, citing research projecting up to 1,300 premature deaths and $20 billion in public health costs by 2028.
New Mexico's Supreme Court fined attorney Stephen Aarons $5,000 and held him in contempt after he submitted an AI-generated murder appeal brief containing wholly fabricated witnesses and false testimony produced by ChatGPT.
RBC Capital Markets initiated Dell Technologies with an outperform rating and a $640 price target on Friday, sending shares up 12% and extending a year-to-date gain of nearly 350% driven by surging AI server demand.
President Trump said he has no concerns about AI posing an existential threat, emphasizing competition with China instead, as researchers at OpenAI and Anthropic publicly warn that unchecked AI development could prove catastrophic.
Oracle reported fiscal first-quarter revenue of $19.35 billion, a 30% year-over-year increase fueled by a 121% surge in cloud infrastructure revenue, sending shares up 6.2% in premarket trading.
RBC Capital Markets initiated Dell Technologies with an outperform rating and a $640 price target on Friday, sending shares up 12% and extending a year-to-date gain of nearly 350% driven by surging AI server demand.
Oracle reported fiscal first-quarter revenue of $19.35 billion, a 30% year-over-year increase fueled by a 121% surge in cloud infrastructure revenue, sending shares up 6.2% in premarket trading.
Apple CEO John Ternus debuted the iPhone Duo foldable and iPhone 18 Pro at a fall event, skipping the standard iPhone model for the first time in seven years and signaling a new split-launch strategy that would push lower-priced devices to a spring event.
OpenAI CEO Sam Altman ruled out a 2026 IPO on Saturday, calling it "ill-advised" amid AI safety concerns, as Anthropic CEO Dario Amodei published a three-step plan to slow AI development that drew rare public support from both Altman and Elon Musk.
A coalition of former EPA officials released a report identifying 30 federal deregulatory actions since January 2025 that they say increase health risks from AI data center pollution, citing research projecting up to 1,300 premature deaths and $20 billion in public health costs by 2028.
New Mexico's Supreme Court fined attorney Stephen Aarons $5,000 and held him in contempt after he submitted an AI-generated murder appeal brief containing wholly fabricated witnesses and false testimony produced by ChatGPT.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.