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The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

futurism.com Unknown 2025-11-18 17:30:44

Were you to glance at the trajectory of top AI stocks — OpenAI, Microsoft, Nvidia, and the like — you'd be convinced the industry is making money hand over fist. Look a bit deeper, however, and cracks start to show in that facade, betraying one massively inconvenient truth: that the AI industry has not yet figured out how to be profitable, and possibly never will. In interviews with the New York Times, even the most enthusiastic AI proponents were unable to spin the technology (and the industr

Topics: ai billion companies industry year

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Microsoft Probing Whether Israel Used Its Cloud to Build Palestinian Surveillance System

gizmodo.com Lucas Ropek 2025-11-18 18:45:18

For the past two years, Microsoft has been dogged by accusations—both within and outside the company—that its technology is aiding the Israeli war effort. Microsoft’s own employees have protested the firm’s contracts with Israel, and protesters have disrupted the company’s various talks and conferences. Even the company’s 50th anniversary was ruined by shouts from one of its own employees, who reportedly yelled “Shame on you” while calling the company’s head of AI a “war profiteer” who was “usin

Topics: cloud company israel microsoft report

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Gear News of the Week: A New Privacy Phone Arrives, and Samsung Has a $30K 115-Inch Micro RGB TV

wired.com Julian Chokkattu 2025-11-18 21:30:00

There's a new smartphone promising to protect your privacy: the Up Phone, from a company called Unplugged. Except it's not new. Unplugged has been around for a few years—the company was cofounded by Erik Prince, the founder of private military company Blackwater—and it originally announced the Up Phone in 2023. But this week, the company claims it's “relaunching” the phone, under new leadership. Like the original, the Up Phone's UnpluggedOS (formerly LibertOS) is built on the Android Open Sourc

Topics: claims company phone privacy unplugged

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Winklevoss twins’ crypto company Gemini files for IPO

techcrunch.com Kirsten Korosec 2025-11-18 21:16:43

Another crypto company is headed for the public markets. This time, it’s Gemini Space Station Inc., the New York-based crypto exchange and custodian bank founded by billionaire twins Cameron and Tyler Winklevoss. The outfit, which plans to list on the Nasdaq Global Select Market under the symbol GEMI, was founded in 2014 and operates as an exchange and custodian that offers a number of products and services, including a U.S. dollar-backed stablecoin and a credit card that offers rewards in cryp

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As People Ridicule GPT-5, Sam Altman Says OpenAI Will Need ‘Trillions’ in Infrastructure

gizmodo.com Lucas Ropek 2025-11-19 11:15:40

People have ridiculed GPT-5, the newest large language model release from OpenAI, since the second it launched, with many users complaining that it’s dumb, boring, and not as good as the last LLM that the company released. Sam Altman, the company’s CEO, has some comforting words for those who may be concerned about the direction his company is headed: AI is a bubble, and oh, also btw, my company is about to spend the GDP of France to build out our AI infrastructure. That seems to be the gist of

Topics: ai altman company industry really

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Applied Materials sinks 14% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-19 16:01:10

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

Topics: billion china company earnings guidance

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Opendoor CEO resigns following investor pressure campaign

cnbc.com Ari Levy 2025-11-19 16:45:24

Opendoor CEO Carrie Wheeler said Friday that she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price

Topics: company investors opendoor quarter wheeler

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Tech IPOs are roaring after 'years of Prohibition' — it may be too good

cnbc.com Samantha Subin 2025-11-19 16:13:37

Brendan Blumer, Chairman of of Bullish and Tom Farley, CEO of Bullish, Bullish a cryptocurrency exchange operator, pose with staffs during the company's IPO at the New York Stock Exchange in New York City, U.S., August 13, 2025. The Bullish IPO this week took on added significance, perhaps because of the company name. When shares of the Peter Thiel-backed cryptocurrency exchange more than doubled out of the gate on Wednesday before finishing the day up 84%, it was the latest sign that the tech

Topics: bullish companies exchange ipo tech

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How your solar rooftop became a national security issue

techcrunch.com Connie Loizos 2025-11-19 16:58:45

James Showalter describes a pretty specific if not entirely implausible nightmare scenario. Someone drives up to your house, cracks your Wi-Fi password, and then starts messing with the solar inverter mounted beside your garage. This unassuming gray box converts the direct current from your rooftop panels into the alternating current that powers your home. “You’ve got to have a solar stalker” for this scenario to play out, says Showalter, describing the kind of person who would need to physical

Topics: cisa company eg4 inverters solar

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Applied Materials sinks nearly 14% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-19 21:27:12

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing uncertainty and lower

Topics: billion china company earnings guidance

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Sen. Hawley to probe Meta AI bot policies for children following damning report

cnbc.com Jonathan Vanian 2025-11-20 02:23:51

Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Sen. Josh Hawley, R-Mo., said Friday that he will investigate Meta following a report that the company approved rules allowing artificial intelligence chatbots to have certain "romantic" and "sensual" conversations with c

Topics: company hawley meta reuters said

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Trump Admin Has Dropped a Third of All Investigations Into Big Tech, Advocates Say

gizmodo.com Lucas Ropek 2025-11-20 02:15:41

Trump talked a big game during the election about taking the fight to Silicon Valley. But, since taking office, the former reality star seems to have done little to make good on that promise. In fact, a recent survey of his actions claims that Trump, whose political victory was partially propelled by gargantuan gobs of cash from tech firms and their executives, has dropped a third of all investigations and enforcement actions against tech companies since taking power. The report, published by t

Topics: actions companies enforcement report trump

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Decoding Palantir, the Most Mysterious Company in Silicon Valley

wired.com Lauren Goode 2025-11-20 02:46:13

And this is something that appeals to, I mean, if you are a high up person at the company and you know that you need to get some sort of product, let's say you're not super technical, this is exactly the kind of rhetoric, visuals, et cetera, that might appeal to someone. Lauren Goode: It seems like secrecy is also embedded in the origins of the company. One of its early investors was in QTEL, which is the CIA's venture capital arm. And two of Palantir's cofounders are pretty well-known. Peter T

Topics: company like palantir ve world

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Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down

techcrunch.com Sean O'Kane 2025-11-20 02:29:06

Rental car startup Kyte has shut down nearly one year after slashing staff and exiting most of its cities in the United States. The company sold its customer list to Turo in July, and then turned right around and entered into a form of receivership in California, according to a notice that went out to Kyte creditors. Kyte fell behind on some of its loans earlier this year, according to the notice. That caused the company’s top lender to repossess and liquidate Kyte’s vehicle fleet. Kyte’s boar

Topics: business company disrupt kyte techcrunch

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EasyPost (YC S13) Is Hiring

news.ycombinator.com Unknown 2025-11-20 06:01:23

We want to ensure your safety and protect you from potential scams. Recently, there have been fraudulent recruitment initiatives online that impersonate our company. These scams aim to deceive unsuspecting applicants by offering nonexistent positions and requesting personal information or upfront fees. Remember that our company does not endorse any job postings outside our official channels. If you encounter a suspicious offer, report it through the job platform on which you found it or report

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Opendoor stock pops 10% as CEO resigns following investor pressure campaign

cnbc.com Ari Levy 2025-11-20 11:22:18

Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk

Topics: company investors opendoor quarter wheeler

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The White House Keeps a ‘Loyalty’ Scorecard for Companies: Report

gizmodo.com Matt Novak 2025-11-20 11:45:24

The White House has created a spreadsheet that rates hundreds of companies for their loyalty, according to a new report from Axios. And while that may not be entirely shocking news, given Donald Trump’s way of doing business, it’s worth stepping back and asking how news of a loyalty scorecard by a sitting president would’ve been received in the pre-Trump era. The rankings on the loyalty spreadsheet are currently determined by a given company’s perceived support of the so-called Big Beautiful Bi

Topics: axios companies loyalty trump white

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Ultrahuman acquires viO HealthTech to launch enhanced cycle and ovulation tracking

techcrunch.com Aisha Malik 2025-11-20 11:00:00

Smart ring maker Ultrahuman is acquiring women’s health technology company viO HealthTech to launch advanced cycle and ovulation tracking, the company announced on Friday. The financial terms of the deal were not disclosed. Thanks to the acquisition, the company is launching a new plug-in for the Ultrahuman Ring AIR called “Cycle and Ovulation Pro.” The plug-in will allow users to accurately track their cycles, get fertility planning support with ovulation confirmation, and detect patterns like

Topics: company cycle disrupt ovulation ultrahuman

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Applied Materials sinks 13% on weak guidance due to China demand

cnbc.com Samantha Subin 2025-11-20 16:07:03

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled "increasing un

Topics: billion china company earnings guidance

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Wild Video Shows Humanoid Robot Effortlessly Folding Laundry

futurism.com Unknown 2025-11-20 15:49:01

Earlier this month, AI robotics firm Figure released a video showing Figure 02, the company's autonomous humanoid robot powered by a visual language system called Helix, loading clothes into a laundry machine to be washed. Now, the company says that the robot has a new skill: folding laundry. Figure announced the capability in a blog post yesterday, celebrating the news as a landmark event for the company and autonomous laundry frontiers writ large. The robot's folding prowess, the company de

Topics: company figure humanoid laundry robot

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Colt Telecom attack claimed by WarLock ransomware, data up for sale

bleepingcomputer.com Unknown 2025-11-20 16:25:34

UK-based telecommunications company Colt Technology Services is dealing with a cyberattack that has caused a multi-day outage of some of the company's operations, including hosting and porting services, Colt Online, and Voice API platforms. The British telecommunications and network services provider disclosed that the attack started on August 12 and the disruption continues as its IT staff works around the clock to mitigate its effects. Founded in 1992 as City of London Telecommunications (CO

Topics: attack colt company services telecommunications

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BlackBerry Classic is being revived with Android, and it can be yours for $400

androidauthority.com Unknown 2025-11-21 02:48:05

Zinwa Technologies TL;DR A Chinese company is reviving old BlackBerry Classic phones with Android. The main board has been replaced, and so are the cameras, battery, and USB port. The revived BlackBerry is up for pre-ordering, and the company plans to start mass production by September. BlackBerry was more than a phone brand. It was a long-running phenomenon that would instantly shape your impression of the person using it as someone important. And so, it isn’t surprising to see so many peop

Topics: android blackberry company support zinwa

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The Morning After: Insta360’s first drone is unlike anything else

engadget.com Unknown 2025-11-21 17:15:55

The Insta360 Antigravity A1 is a new 360-degree FPV drone from a spin-off brand called Antigravity. The A1 includes a drone, OLED Vision goggles and a Grip motion controller — it’s more of a set. The drone has two ultrawide cameras that can capture 8K video, and it uses stitching algorithms to make the drone invisible in the final footage. When I tested out the preproduction model in Germany, the flying experience is different but surprisingly intuitive, even for new pilots, and the goggles str

Topics: advertisement apple company computer drone

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Intel shares jump after report of possible US stake in chipmaker

feeds.bbci.co.uk Unknown 2025-11-21 18:29:36

Intel shares jump after report of possible US stake in chipmaker The article comes days after a meeting between Intel boss Lip-Bu Tan and US President Donald Trump, who had earlier accused Mr Tan of being "highly conflicted" due to his earlier ties to China. White House spokesman Kush Desai said "discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration." The reported deal would support the technology firm's plans to build a manufa

Topics: company intel mr said stake

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Time to End Roundtripping by Big Pharma

news.ycombinator.com Brad W. Setser 2025-11-21 17:08:42

Sometimes a news story makes your case for you. That happened this past week, when the Wall Street Journal published a remarkable story on surging U.S. imports of peptides and protein-based hormones from Ireland. Chelsey Dulaney and Jared Hopkins wrote: “Planes have been jetting from Ireland to the U.S. this year carrying something more valuable than gold: $36 billion worth of hormones for popular obesity and diabetes drugs … The peptide- and protein-based hormones feed into a category of drug

Topics: billion companies pharmaceutical tax trade

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Fortnite login is down

theverge.com Jay Peters 2025-11-21 21:22:09

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Epic Games is looking into a Fortnite login issue that’s “preventing players from getting in reliably,” according to a 6:39PM ET post on the company’s status website. I currently can’t get into the game on my Nintendo Switch 2; when I try, the game shows a message that says “unable to sig

Topics: company epic game games login

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Trump's administration may look to buy a stake in Intel

engadget.com Unknown 2025-11-22 06:32:34

Intel has had some recent struggles in delivering results for its shareholders, but the company could soon be answering to an additional boss. The current administration is reportedly in talks to have the US government acquire a stake in the chipmaker. No specifics about the size or value of the potential share in the company have been disclosed, but the focus appears to be on increasing Intel's manufacturing footprint in the US. Bloomberg first reported the news, but at least one source caution

Topics: administration company intel ohio trump

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Big Tech's A.I. Data Centers Are Driving Up Electricity Bills for Everyone

news.ycombinator.com Ivan Penn 2025-11-22 05:54:57

But even with their expressed good will, getting the companies to make consumers whole will not be easy because determining how much large users like data centers should pay is not straightforward. The business of keeping America’s lights on is mostly about two things: supplying reliable electricity and figuring out what to charge to deliver it. In recent years, big tech companies have inserted themselves into debates over both. They lobby lawmakers and regulators, and they are pitching their o

Topics: centers companies data pay utilities

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Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated

gizmodo.com Lucas Ropek 2025-11-22 06:05:19

Fears have swirled that Kodak, one of the last large film companies in the world, may soon be shutting its doors. Those fears were spurred by a regulatory filing released Monday, in which the company spoke of its debt load and a lack of liquidity to pay it off. However, the company has since emerged to deny that it will be shutting down anytime soon. “Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunder

Topics: company debt kodak million pension

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What does Palantir actually do?

news.ycombinator.com Caroline Haskins 2025-11-21 16:03:16

Palantir is arguably one of the most notorious corporations in contemporary America. Cofounded by libertarian tech billionaire Peter Thiel, the software firm's work with Immigration and Customs Enforcement, the US Department of Defense, and the Israeli military has sparked numerous protests in multiple countries. Palantir has been so infamous for so long that, for some people, its name has become a cultural shorthand for dystopian surveillance. But a number of former Palantir employees tell WIR

Topics: company data employees palantir software

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Latest Tech News

The AI Industry Is Still Light-Years From Making a Profit, Experts Warn

Microsoft Probing Whether Israel Used Its Cloud to Build Palestinian Surveillance System

Gear News of the Week: A New Privacy Phone Arrives, and Samsung Has a $30K 115-Inch Micro RGB TV

Winklevoss twins’ crypto company Gemini files for IPO

As People Ridicule GPT-5, Sam Altman Says OpenAI Will Need ‘Trillions’ in Infrastructure

Applied Materials sinks 14% on weak guidance due to China demand

Opendoor CEO resigns following investor pressure campaign

Tech IPOs are roaring after 'years of Prohibition' — it may be too good

How your solar rooftop became a national security issue

Applied Materials sinks nearly 14% on weak guidance due to China demand

Sen. Hawley to probe Meta AI bot policies for children following damning report

Trump Admin Has Dropped a Third of All Investigations Into Big Tech, Advocates Say

Decoding Palantir, the Most Mysterious Company in Silicon Valley

Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down

EasyPost (YC S13) Is Hiring

Opendoor stock pops 10% as CEO resigns following investor pressure campaign

The White House Keeps a ‘Loyalty’ Scorecard for Companies: Report

Ultrahuman acquires viO HealthTech to launch enhanced cycle and ovulation tracking

Applied Materials sinks 13% on weak guidance due to China demand

Wild Video Shows Humanoid Robot Effortlessly Folding Laundry

Colt Telecom attack claimed by WarLock ransomware, data up for sale

BlackBerry Classic is being revived with Android, and it can be yours for $400

The Morning After: Insta360’s first drone is unlike anything else

Intel shares jump after report of possible US stake in chipmaker

Time to End Roundtripping by Big Pharma

Fortnite login is down

Trump's administration may look to buy a stake in Intel

Big Tech's A.I. Data Centers Are Driving Up Electricity Bills for Everyone

Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated

What does Palantir actually do?

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