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The Latest Breaking News on AI

SanDisk's Plunge Has Produced One of July's Hottest ETF Trades

The Tradr 2X Short SNDK Daily ETF (BATS:SNDQ) has emerged as one of July’s biggest ETF winners, soaring more than 175% as an aggressive selloff in SanDisk Corp (NASDAQ:SNDK) shares fueled demand for leveraged bearish exposure.

Benzinga

Dow Drops 1,153 Points as Oil Pops on Fed Day: Stock Market Today

Fed Chair Kevin Warsh reassured markets about a resilient economy, but geopolitical uncertainty remains the major factor for most interested parties right now.

Kiplinger

Steve Eisman Says He'd Be 'Petrified' Running OpenAI or Anthropic as Cheap Chinese Models Threaten Price War

Steve Eisman says he wouldn’t want to run OpenAI or Anthropic right now, and with both labs preparing to go public, the timing stings.

Benzinga

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The Fed Did What Investors Anticipated. Stocks Plunged Anyway And Nasdaq Entered Correction Territory

Stocks plummeted on Wednesday after the Federal Reserve left rates unchanged.

International Business Times

Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears

The Nasdaq-100 nears correction territory as investors question whether massive spending on AI by the world's biggest companies will yield returns.

International Business Times

Wall Street Is Valuing Oracle's $630B AI Backlog at 'Zero' — A Mistake, Analyst Says

Oracle Corp. (NYSE:ORCL) has become one of Wall Street’s biggest artificial intelligence winners, landing massive cloud infrastructure contracts as enterprises race to secure AI computing capacity. But according to Gil Luria, managing director and head of Technology Research at DA Davidson, investors have repeatedly misjudged the company’s AI opportunity.

Benzinga

Tech boom driving corporate C-suite expansion

Australian firms are adding a relatively new role to their top executive line-ups as they adapt to one of the biggest technological disruptions in history.

AAP

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Set the tempo: Google's Lyria 3.5 debuts with updates to AI musicality in Flow Music

Google launched Lyria 3.5 in Flow Music, with detailed upgraded tempo, vocal, and musical control for users.

Android Central

Elon Musk's xAI sues Minnesota over its first-in-the-nation law banning 'nudification' technology

Elon Musk’s company xAI is suing Minnesota over the state’s first-in-the-nation law that bans “nudification” technology on websites and apps

The Independent UK

Nvidia And Meta Think Chinese AI Shouldn't Be Banned—Here's Why

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang and Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg are converging on a message that runs counter to growing calls in Washington to restrict Chinese artificial intelligence models: don’t ban them—beat them.

Benzinga

Seagate to start qualifying record-setting 50TB HDDs in 2027 — most drives are sold out through 2028

Seagate expects to begin customer qualification of its 50TB-class HAMR hard drives in late 2027 with shipments in 2028 as AI-driven storage demand keeps production largely sold out through 2028.

Tom’s Hardware

“Cover music has been analog AI for a long time”: Fender CEO Bud Cole under fire from online guitar community for AI comments

Cole's comments on AI's place in the guitar world from earlier this year have resurfaced – and not been well-received

Guitar World

Atlassian tightens tracking of staff AI use as other technology firms encourage ‘tokenmaxxing’

Some companies reportedly using leaderboards for employees who used the most AI in their work

The Guardian - AU

An inside tour of Lenovo’s North Carolina AI server manufacturing line expansion — Chinese firm expanding US-native production to meet exploding demand

Lenovo is fulfilling demand for homemade servers to fuel the AI boom.

Tom’s Hardware

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The Independent UK

Elon Musk sues Minnesota to stop law that bans companies for allowing ‘nudification’ online

Elon Musk’s AI company is asking the court to declare a new Minnesota law unconstitutional and bar the state from enacting it

Benzinga

Meta Earnings Prediction Market Preview: Kalshi Traders Bet on the Cloud, Not the Llama

Meta Platforms (NASDAQ:META) reports second-quarter earnings after the bell today, with analysts expecting $7.23 per share on revenue of around $60.3 billion.

Benzinga

Fed Meeting Prediction Market Preview: What Will Kevin Warsh Say?

Two weeks ago, a Federal Reserve rate hold on Wednesday looked like a lock.

Tom’s Hardware

Teacher arrested for clapping in support of opposition at an AI data center meeting — gigawatt-scale project gets approved anyway despite community resistance

A Physics teacher was arrested for clapping multiple times during a public hearing to rezone land for a proposed gigawatt-scale data center near Emporia, Kansas. The man refused to cooperate when the police asked him to leave and was subsequently dragged out of the venue by four officers.

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The Guardian - UK

Rogue OpenAI agent that hacked startup tried to attack other firms

ChatGPT developer says activity by autonomous tool was not at severity or scale of what occurred at Hugging Face

International Business Times UK

Mark Zuckerberg Rejects AI Job Apocalypse: Says 'Personal Superintelligence' Will Create More Jobs

Mark Zuckerberg argues that AI should empower individuals and fuel innovation instead of eliminating jobs, while advocating for widespread access.

AI appliances are making you lazy – why you do (and don’t) need AI in your kitchen

Do we need AI appliances? Here’s how they can benefit and hinder your home

The Times of India

'I'm an AI engineer, but got laid off': Indian H-1B holder shares job loss story

An Indian AI engineer on an H-1B visa, who spent around six years in the United States, has said he lost his job after his employer moved the entire project to India, leaving him to decide whether to return home or continue pursuing opportunities abroad.

Medical Daily

Four Men Admit Using ChatGPT to Fake Records in a $2.2 Million Minnesota Medicaid Scheme

Four Minnesota men pleaded guilty to a $2.2 million Medicaid fraud, using ChatGPT to fabricate records when insurers requested documentation.

Android Central

Google Photos fixes a stupidly annoying step for AI edits

Google Photos now lets you snap pictures directly inside its AI creation tools, saving you the hassle of app-switching and gallery search just to make a quick edit.

The Independent UK

AI workers call for an urgent slowdown in development amid fears artificial intelligence could go out of control

Letter signed by almost 1,200 employees of AI companies including OpenAI, Anthropic and Google Deepmind suggests that we might soon be able to ‘understand or control’ powerful tools

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