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Luckey’s Erebor Bank Plots Syria Expansion

Erebor Bank, fresh from becoming a vital new financial bridge between the U.S. and Venezuela, is eyeing a new foreign foray: expanding into Syria. The bank, founded by Anduril Industries co-founder Palmer Luckey, has told staff and some investors it could help the war-torn Middle Eastern country reconnect to the global financial system, potentially attracting billions in deposits from businesses and consumers, according to people familiar with the strategy. Doing so would make Erebor a...

Z.ai Open-Sources ZCode After Data Uploading Scandal

The Chinese AI firm faced intense backlash from developers after its ZCode coding tool was found to have silently uploaded user data to cloud servers.

Alibaba Unveils New AI Chip And Data Center Expansion Plan

The Chinese tech giant also announced its roadmap for future generations of AI models.

Exclusive: Xbox to Cut Hundreds of Jobs, Consolidate Game Studios

Xbox CEO Asha Sharma in July told staff she would eliminate 1,600 roles by the end of the year on top of 1,600 roles the company cut that month.

SB Energy Faces Investor Skepticism in IPO, Report Says

The offering will test public investor appetite for the developer of a huge OpenAI complex.

Smart-ring Maker Oura Files to Sell $2.2 Billion in IPO

Existing shareholders like Forerunner are selling most of the listed shares.

Paramount Settles State Antitrust Lawsuit, Clearing Way for Warner Deal to Close

Under the settlement, Paramount agreed to release at least 30 films into movie theaters a year, and to not put those movies onto streaming services for at least 90 days.

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OpenAI Releases Proposal for International AI Safety Coordination

The blog calls for global safety institutes to work together and to create standards around evaluation.

Amazon Blocks Meta’s Muse Agent

Amazon's move reflects a longstanding philosophy. The tech giant blocked shopping bots from Google and OpenAI scraping its site.

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Alibaba Appoints New Head of Qwen LLM Team

Dayiheng Liu’s appointment brings clarity to Alibaba’s LLM leadership after its Qwen model team went through multiple rounds of reorganization.

U.S. and China Discussed AI Safety System, Bessent Says

Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese counterparts on Sunday in New York.

President Trump Announces ‘AI Force,’ Will Appoint New Czar

The president lashed out at AI critics while announcing his idea for a new body to maintain the country's competitiveness with China.

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Google’s Gemini Model Hacks Companies During Test

The tech giant confirmed three unauthorized intrusions during evaluation.
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CoreWeave Prices $3.7 Billion Convertible Bond Offering

The debt carries a 2.875% coupon, more than a percentage point higher than CoreWeave’s April convertible offering.
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