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

futurism.com Unknown 2025-11-13 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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Tech IPOs are roaring after 'years of Prohibition' — it may be too good

cnbc.com Samantha Subin 2025-11-14 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

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

gizmodo.com Lucas Ropek 2025-11-15 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

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

gizmodo.com Matt Novak 2025-11-15 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

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Time to End Roundtripping by Big Pharma

news.ycombinator.com Brad W. Setser 2025-11-16 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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Big Tech's A.I. Data Centers Are Driving Up Electricity Bills for Everyone

news.ycombinator.com Ivan Penn 2025-11-17 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

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We caught companies making it harder to delete your personal data online

news.ycombinator.com Colin Lecher 2025-11-21 16:50:35

Dozens of companies are hiding how you can delete your personal data, The Markup and CalMatters found. After our reporters reached out for comment, multiple companies have stopped the practice. By Colin Lecher and Tomas Apodaca The Markup, now a part of CalMatters, uses investigative reporting, data analysis, and software engineering to challenge technology to serve the public good. Sign up for Klaxon, a newsletter that delivers our stories and tools directly to your inbox. Data brokers are re

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Is the A.I. Boom Turning Into an A.I. Bubble?

news.ycombinator.com John Cassidy 2025-11-23 10:25:43

When Jensen Huang, the chief executive of the chipmaker Nvidia, met with Donald Trump in the White House last week, he had reason to be cheerful. Most of Nvidia’s chips, which are widely used to train generative artificial-intelligence models, are manufactured in Asia. Earlier this year, it pledged to increase production in the United States, and on Wednesday Trump announced that chip companies that promise to build products in the United States would be exempt from some hefty new tariffs on sem

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China warns companies against using Nvidia and AMD chips, report says

cnbc.com Samantha Subin 2025-11-23 21:11:42

Nvidia CEO Jensen Huang and U.S. Secretary of the Interior Doug Burgum attend the "Winning the AI Race" Summit in Washington D.C., U.S., July 23, 2025. China has told companies to refrain from using Nvidia 's H20 chips after the chipmaker recently received approval to resume shipping the less advanced artificial intelligence product, Bloomberg reported, citing sources familiar with the matter. Authorities have recently told companies to avoid using the Nvidia chips, or those from Advanced Micr

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China tells Alibaba, ByteDance to justify purchases of Nvidia AI chips

arstechnica.com Unknown 2025-11-24 11:30:05

Beijing is demanding tech companies including Alibaba and ByteDance justify their orders of Nvidia’s H20 artificial intelligence chips, complicating the US chipmaker’s business in China after striking an export arrangement with the Trump administration. The tech companies have been asked by regulators such as the Ministry of Industry and Information Technology (MIIT) to explain why they need to order Nvidia’s H20 chips instead of using domestic alternatives, said three people familiar with the

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Data Brokers Are Hiding Their Opt-Out Pages From Google Search

wired.com Colin Lecher 2025-11-24 16:30:00

Data brokers are required by California law to provide ways for consumers to request their data be deleted. But good luck finding them. More than 30 of the companies, which collect and sell consumers’ personal information, hid their deletion instructions from Google, according to a review by The Markup and CalMatters of hundreds of broker websites. This creates one more obstacle for consumers who want to delete their data. This story is copublished with The Markup and CalMatters. Many of the

Topics: calmatters code companies consumers data

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AI Is Creating Billionaires at Record Speed

gizmodo.com Luc Olinga 2025-11-26 10:27:34

While the world debates whether AI will take our jobs or save humanity, a small class of insiders already has the answer: for them, it’s a gold rush. The AI boom is creating a new caste of “nouveaux riches” at a speed the tech world has never seen before, turning top engineers into figures chased with the same fervor as star athletes. While the public grapples with the future, these are the people getting extraordinarily rich right now. The New Kings of AI At the top of the list is Jensen Hua

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TechCrunch Mobility: The triple punch headed for automakers

techcrunch.com Kirsten Korosec 2025-11-26 16:06:00

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I took a tour through a few 10Q reports this week to get a sense of how EV makers like Rivian and Lucid (or even legacy automakers that also sell EVs) feel about the one-two punch of tariffs and the end of the federal tax credit. Although these documents are loaded with legalese, it’s clear that both econ

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GitHub CEO to step down

techcrunch.com Aisha Malik 2025-11-26 16:25:01

In Brief GitHub CEO Thomas Dohmke announced on Monday that he’s stepping down from his role. Dohmke will remain at the Microsoft-owned company until the end of the year, after which he will depart to become “a founder again,” he wrote in a blog post. Axios reports that Microsoft will not directly replace the position, and that GitHub leadership will now report to several Microsoft executives. “With more than 1B repos and forks, and over 150 million developers, GitHub has never been stronger t

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SoftBank founder Son makes his biggest bet by staking the Japanese giant's future on AI

cnbc.com Arjun Kharpal 2025-11-27 16:29:35

Masayoshi Son is making his biggest bet yet: that his brainchild SoftBank will be the center of a revolution driven by artificial intelligence. Son says artificial superintelligence (ASI) — AI that is 10,000 times smarter than humans — will be here in 10 years. It's a bold call — but perhaps not surprising. He's made a career out of big plays; notably, one was a $20 million investment into Chinese e-commerce company Alibaba in 2000 that has made billions for SoftBank. Now, the billionaire is hop

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It’s getting harder to skirt RTO policies without employers noticing

arstechnica.com Unknown 2025-11-28 06:11:56

Companies are monitoring whether employees adhere to corporate return-to-office (RTO) policies and are enforcing the requirements more than they have in the past five years, according to a report that commercial real estate firm CBRE will release next week and that Ars Technica reviewed. CBRE surveyed 184 companies for its report. Among companies surveyed, 69 percent are monitoring whether employees come into the office as frequently as policy mandates. That’s an increase from 45 percent last y

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How AI conquered the US economy: A visual FAQ

news.ycombinator.com Derek Thompson 2025-11-30 14:12:54

The American economy has split in two. There’s a rip-roaring AI economy. And there’s a lackluster consumer economy. You see it in the economic statistics. Last quarter, spending on artificial intelligence outpaced the growth in consumer spending. Without AI, US economic growth would be meager. You see it in stocks. In the last two years, about 60 percent of the stock market’s growth has come from AI-related companies, such as Microsoft, Nvidia, and Meta. Without the AI boom, stock market retur

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NASA Rewrites the Rules for Developers of Private Space Stations

wired.com Eric Berger 2025-12-01 22:30:00

About five years from now, a modified Dragon spacecraft will begin to fire its Draco thrusters, pushing the International Space Station out of its orbit and sending the largest object humans have built in space inexorably to the bottom of the Pacific Ocean. And then what? China’s Tiangong Space Station will still be going strong. NASA, however, faces a serious risk of losing its foothold in low-Earth orbit. Space agency leaders have long recognized this and nearly half a decade ago awarded abo

Topics: commercial companies nasa space stations

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President Trump says Intel’s new CEO “must resign immediately”

arstechnica.com Unknown 2025-12-02 11:53:08

Donald Trump has called for the newly appointed chief executive of Intel, Lip-Bu Tan, to resign, alleging that the semiconductor industry veteran is “highly conflicted.” “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump said in his post on his Truth Social website on Thursday. “There is no other solution to this problem.” The US president’s post did not provide details of Tan’s alleged conflicts of interest. Trump’s broadside follows a letter from Republican Senator T

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What the world's biggest chipmakers are doing to stave off Trump's tariffs

cnbc.com Arjun Kharpal 2025-12-02 15:52:21

U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. U.S. President Donald Trump's proposed 100% tariffs on the import of semiconductors has brought major chip names into the spotlight. Questions linger about how these duties will be implemented: will they apply to the raw chip itself that is imported, or the end product, like a smartphone or laptop? And how much manufacturing needs to actually be

Topics: chip companies donald major trump

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GoGoGrandparent (YC S16) Is Hiring Back End and Full-Stack Engineers

news.ycombinator.com Unknown 2025-12-02 16:01:09

About Us We're a digital caregiving platform dedicated to helping older and disabled adults live independently and thrive in their own homes—avoiding the need for retirement communities. We adapt on-demand APIs from companies like Uber, Lyft, DoorDash, and Instacart to meet the unique needs of individuals with cognitive, visual, mobility, and dexterity challenges. We're a highly profitable and fast-growing startup. Our team is fully remote, with a total engineering headcount of 12 (including thi

Topics: adults com companies gogograndparent js

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How AI Conquered the US Economy: A Visual FAQ

news.ycombinator.com Derek Thompson 2025-12-02 14:12:54

The American economy has split in two. There’s a rip-roaring AI economy. And there’s a lackluster consumer economy. You see it in the economic statistics. Last quarter, spending on artificial intelligence outpaced the growth in consumer spending. Without AI, US economic growth would be meager. You see it in stocks. In the last two years, about 60 percent of the stock market’s growth has come from AI-related companies, such as Microsoft, Nvidia, and Meta. Without the AI boom, stock market retur

Topics: ai boom companies economy growth

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Universal Adds ‘No AI Training’ Warning to Movies

gizmodo.com Aj Dellinger 2025-12-03 16:40:39

AI is not invited to movie night. According to The Hollywood Reporter, Universal Pictures has started including a message in the credits of its films that indicates the movie “may not be used to train AI” in part of an ongoing effort by major intellectual property holders to keep their content from getting fed into the machines (at least without being paid for it). The warning, which reportedly first appeared at the end of the live-action How to Train Your Dragon when it hit theaters in June, h

Topics: ai companies openai train used

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The Militarization of Silicon Valley

news.ycombinator.com Sheera Frenkel 2025-12-05 02:13:39

But some tech executives and engineers are wrestling with the potential harms of the shift. Once they build autonomous drones and A.I. weapons for the military, they will have little control over how the technology is deployed. That has led to debates over whether more people will be killed by these advanced weapons than traditional ones, three engineers at Google and Meta said. “These Silicon Valley companies are hyper competitive, and in their drive to get into these defense sectors, there is

Topics: companies defense silicon tech valley

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The Extravagant Rise of the Corporate Incentive Trip

wired.com Anna Silman 2025-12-05 02:40:00

Business travel doesn’t typically conjure up the most glamorous images: working group sessions in overlit conference rooms, awkward dinners with coworkers at unmemorable chain restaurants. But for some lucky employees, there’s a special subset of work travel that isn’t just something to look forward to but something to fight for: the corporate incentive trip. Mark, a former sales director at LinkedIn who asked to not use his real name, is a frequent flyer in the world of corporate incentive tra

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Pandora confirms data breach amid ongoing Salesforce data theft attacks

bleepingcomputer.com Unknown 2025-12-06 06:16:39

Danish jewelry giant Pandora has disclosed a data breach after its customer information was stolen in the ongoing Salesforce data theft attacks. Pandora is one of the largest jewellery brands in the world, with 2,700 locations and over 37,000 employees. "We are writing to inform you that your contact information was accessed by an unauthorized party through a third-party platform we use," reads a Pandora data breach notification sent to customers. "We stopped the access and have further stren

Topics: attacks companies data pandora salesforce

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If the AI Bubble Pops, It Could Now Take the Entire Economy With It

futurism.com Unknown 2025-12-07 11:09:39

AI companies are pouring so much money into AI, experts are starting to warn that it may be propping up the entire US economy. As investor Paul Kedrosky told the Wall Street Journal, spending on AI infrastructure has already eclipsed spending on telecom and internet infrastructure during the dot-com crisis over two decades ago, raising the specter of a massive bubble. Kedrosky also floated the possibility that we haven't really felt the effects of president Donald Trump's tariffs due to the sc

Topics: ai companies economy infrastructure spending

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US adds OpenAI, Google, and Anthropic to list of approved AI vendors for federal agencies

techcrunch.com Dominic-Madori Davis 2025-12-08 02:43:12

In Brief The U.S. government has added Google, OpenAI, and Anthropic to a list of approved vendors that can offer artificial intelligence services to civilian federal agencies, Bloomberg reports. The companies will see their AI tools offered via a new federal contracting platform, the Multiple Awards Schedule (MSA), which would let government agencies access AI tool vendors with pre-negotiated contracts, rather than negotiating with vendors individually. Bloomberg reports that the General Ser

Topics: agencies ai companies federal vendors

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Palantir is extending its reach even further into government

news.ycombinator.com Makena Kelly 2025-12-08 18:44:49

President Donald Trump’s administration has dramatically expanded its work with Palantir, elevating the company cofounded by Trump ally Peter Thiel as the government’s go-to software developer. Following massive contract terminations for consulting giants and government contractors like Accenture, Booz Allen, and Deloitte, Palantir has emerged ahead. Now the data analytics firm is partnering with those companies—offering them a lifeline while consolidating its own power. Palantir has become one

Topics: accenture companies government palantir trump

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Figma's stock sinks more than 20% after last week's IPO pop

cnbc.com Jordan Novet 2025-12-10 02:51:02

Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Figma shares dropped 23% on Monday, cutting into the gains the design software company posted after hitting the market last week. The stock dropped $27.50 to $94.50 as of midday. That's down from a close of $122 on Friday. Figma and top stockholders sold about 37 million shares at $33 per share late Wednesday, yielding around $412 million in proceeds flowing to the company. On Thurs

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Latest Tech News

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

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

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

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

Time to End Roundtripping by Big Pharma

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

We caught companies making it harder to delete your personal data online

Is the A.I. Boom Turning Into an A.I. Bubble?

China warns companies against using Nvidia and AMD chips, report says

China tells Alibaba, ByteDance to justify purchases of Nvidia AI chips

Data Brokers Are Hiding Their Opt-Out Pages From Google Search

AI Is Creating Billionaires at Record Speed

TechCrunch Mobility: The triple punch headed for automakers

GitHub CEO to step down

SoftBank founder Son makes his biggest bet by staking the Japanese giant's future on AI

It’s getting harder to skirt RTO policies without employers noticing

How AI conquered the US economy: A visual FAQ

NASA Rewrites the Rules for Developers of Private Space Stations

President Trump says Intel’s new CEO “must resign immediately”

What the world's biggest chipmakers are doing to stave off Trump's tariffs

GoGoGrandparent (YC S16) Is Hiring Back End and Full-Stack Engineers

How AI Conquered the US Economy: A Visual FAQ

Universal Adds ‘No AI Training’ Warning to Movies

The Militarization of Silicon Valley

The Extravagant Rise of the Corporate Incentive Trip

Pandora confirms data breach amid ongoing Salesforce data theft attacks

If the AI Bubble Pops, It Could Now Take the Entire Economy With It

US adds OpenAI, Google, and Anthropic to list of approved AI vendors for federal agencies

Palantir is extending its reach even further into government

Figma's stock sinks more than 20% after last week's IPO pop

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