AI-aligned super PACs have spent more than $20 million in New York's 12th congressional district primary, pitting Anthropic-backed supporters of AI safety advocate Alex Bores against a PAC backed by Andreessen Horowitz and OpenAI co-founder Greg Brockman.
AI memory startup Engram raised $98 million from General Catalyst, Kleiner Perkins, and Sequoia, claiming its models can match frontier AI labs using up to 100 times fewer tokens, as enterprises look to cut soaring AI costs.
AI companies have poured more than $20 million into New York's 12th congressional district primary, turning a Manhattan House race into the defining early battleground over federal AI regulation.
Oracle cut 21,000 jobs — nearly 13% of its workforce — over the past year, citing AI deployment, while spending $1.8 billion on restructuring costs as it races to build out AI infrastructure.
The NHTSA has opened a special crash investigation after a Tesla Model 3 struck a home in Katy, Texas, killing 76-year-old Martha Avila. The driver told authorities he was using Tesla's partially automated driving systems at the time.
Amazon's four-day Prime Day sale begins June 23, with Emarketer projecting U.S. sales of $15.6 billion — a 7.1% year-over-year gain — as inflation shifts shoppers' focus from electronics to groceries and everyday essentials.
Alphabet shares fell nearly 6% on Monday after senior Google DeepMind researcher John Jumper and Google engineering VP Noam Shazeer announced departures for rivals, highlighting mounting AI talent competition.
Amazon's four-day Prime Day sale begins June 23, with Emarketer projecting U.S. sales of $15.6 billion — a 7.1% year-over-year gain — as inflation shifts shoppers' focus from electronics to groceries and everyday essentials.
Silicon Data has partnered with CME Group to develop the first futures contracts tied to AI computing power costs, giving companies a potential tool to hedge against GPU rental-rate volatility. The contracts are still awaiting CFTC approval.
Apple CEO Tim Cook told the Wall Street Journal that price increases on the company's products are "unavoidable" due to a worsening global memory shortage driven by AI chip demand, signaling the supply crunch has reached even the most insulated players in consumer hardware.
AI memory startup Engram raised $98 million from General Catalyst, Kleiner Perkins, and Sequoia, claiming its models can match frontier AI labs using up to 100 times fewer tokens, as enterprises look to cut soaring AI costs.
Oracle cut 21,000 jobs — nearly 13% of its workforce — over the past year, citing AI deployment, while spending $1.8 billion on restructuring costs as it races to build out AI infrastructure.
The NHTSA has opened a special crash investigation after a Tesla Model 3 struck a home in Katy, Texas, killing 76-year-old Martha Avila. The driver told authorities he was using Tesla's partially automated driving systems at the time.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.