Category: Uncategorized
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How one tweet wreaked havoc on the stock market
Amid a morning of pandemonium on Wall Street, a popular news aggregator on X, known as Walter Bloomberg, posted a false report declaring that President Trump was considering a 90-day pause on his controversial tariff proposal. This news was not true, and yet, index funds like the Dow Jones whipsawed, rapidly rising for a brief… Read more
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Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets
Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell… Read more
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Flexport CEO Ryan Petersen’s high-stakes test amid tariff turmoil: ‘You can’t be freaking out’
At 11 a.m. in California last Thursday, the day after President Donald Trump declared sweeping new tariffs under what he dubbed “Liberation Day,” Ryan Petersen was live on camera, fielding questions from a virtual room packed with more than 2,300 anxious customers. The founder and CEO of Flexport, a now 12-year-old global logistics and customs… Read more
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Meta exec denies the company artificially boosted Llama 4’s benchmark scores
A Meta exec on Monday denied a rumor that the company trained its new AI models to present well on specific benchmarks while concealing the models’ weaknesses. The executive, Ahmad Al-Dahle, VP of generative AI at Meta, said in a post on X that it’s “simply not true” that Meta trained its Llama 4 Maverick… Read more
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Analyst says Apple, Tesla have biggest exposure to Trump’s tariffs
Wedbush Securities analyst Dan Ives slashed his price targets for Apple and Tesla over the weekend as President Trump’s tariffs threaten to disrupt both businesses. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,” Ives said in a warning note over the weekend. “In our… Read more
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Former Tesla exec Drew Baglino’s new startup is rethinking the electrical transformer
Heron Power is raising between $30 million to $50 million for a Series A, according to a report. Read more
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Waymo may use interior camera data to train generative AI models, sell ads
Waymo is preparing to use data from its robotaxis, including video from interior cameras tied to rider identities, to train generative AI models, according to an unreleased version of its privacy policy found by researcher Jane Manchun Wong. The draft language reveals Waymo may also share this data to personalize ads, raising fresh questions about… Read more
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Google’s AI Mode now lets users ask complex questions about images
Google is bringing multimodal search to AI Mode, its Google Search experiment that lets users ask complex, multi-part questions and follow-ups to dig deeper on a topic. Users who have access to AI Mode can now tap the feature to ask questions about photos they’ve uploaded or taken with their camera. The new image-analyzing functionality… Read more
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Shopify CEO tells teams to consider using AI before growing headcount
In a recent memo to employees, Shopify CEO Tobi Lütke made a bold policy change: teams must demonstrate why AI can’t perform a job before they’re permitted to ask for more headcount and resources. “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke… Read more
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Nintendo says it is ‘actively assessing’ the impact of U.S. tariffs
Nintendo of America president Doug Bowser said that the company did not factor in possible tariffs from the U.S. when deciding on the pricing for its Nintendo Switch 2 console, according to Wired. Nintendo unveiled its highly anticipated Switch 2 last week and announced that the console would be released on June 5, priced at… Read more