Shares of Jack Dorsey’s Block fell nearly 20% on Thursday, after short seller Hindenburg Research claimed that the company’s Cash App business inflated its number of monthly active users and took a lax approach to identifying and regulating fraudulent activity on the platform. The report, which cited interviews with former employees, screenshots and public information requests, alleged that...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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