OpenAI Delays First Consumer Device to 2027
OpenAI’s highly anticipated push into consumer hardware has been delayed until 2027, according to 9to5Mac. The shift represents a meaningful reset for a project that has drawn intense industry atten...
AI Worries Erase $1 Trillion From Big Tech Firms
Is artificial intelligence going to disrupt broad swaths of the economy? Or are tech giants like Amazon, Google and Meta funneling hundreds of billions into the sector with no sign of results?
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Amazon Spends $200 Billion on AI Amid Cloud Competition
Amazon is undertaking its largest-ever capital spending program, set to reach $200 billion this year.
This effort is being launched as part of a strategic reset due to fears that Amazon’s...
Prediction Markets Chip Away at Sports Betting’s Territory
Sports-related bets on Kalshi are now generating estimated annualized revenues of roughly $1.3 billion.
As the Financial Times (FT) reported Saturday (Feb. 14), that figure is nearly a quar...
Gen Z Investments Soar as Housing Costs Move Out of Reach
Cut off from the housing market, Generation Z is reportedly turning to the stock market.
The number of people between 25 and 39 making yearly transfers to investment accounts more than trip...
Uber Brings Food Delivery to 7 New EU Markets
Uber is reportedly bringing its delivery business to seven new European markets.
The expansion, slated for this year, involves Austria, Denmark, Norway, the Czech Republic, Greece, Romania ...
X Preps Crypto Trading Launch With Payments System Being Tested
X is reportedly set to allow users to trade socks and cryptocurrencies on their timelines.
That’s according to a report Sunday (Feb. 15) from Coindesk, which characterizes this developmen...
Food Companies Say AI Plays Only Limited Role in Products
Food companies like Unilever and McCormick have long used artificial intelligence in product development.
But according to a report Saturday (Feb. 14) by CNBC, these companies say that AI p...
Bessent Says Crypto Firms Are Sabotaging Best Chance for Rules
Treasury Secretary Scott Bessent said Friday (Feb. 13) that the crypto industry should support the CLARITY Act and help get it passed as soon as possible.
During an interview on CNBC, B...
