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The AI Industry Just Got Some Horrible News

futurism.com Unknown 2025-11-21 21:48:50

For years now, big tech and its financial backers have been blowing past the warning signs that human-level AI — the theoretical technology with hundreds of billions of dollars riding on it — could turn out to be a pipe-dream, at best. Now, however, Wall Street appears to be yanking its money out of one of the largest datacenter providers in the game, possibly an early indicator that reality could be finally catching up to the massively hype-dependent AI industry. On Tuesday, datacenter and te

Topics: ai company coreweave industry nearly
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What’s Going On at Tesla? A Wave of Executives Is Heading for the Exits

gizmodo.com Luc Olinga 2025-11-28 17:25:49

What’s going on at Tesla? The electric vehicle manufacturer, navigating a challenging business landscape marked by increased competition and evolving consumer sentiment, also appears to be facing a significant internal crisis: a rapid exodus of top talent. Elon Musk’s group has now lost its 10th executive this year. The latest departure is Piero Landolfi, who announced his exit on LinkedIn after nearly nine years with the company. “After 8 3/4 years I have made the difficult decision to leave

Topics: company dojo landolfi nearly tesla
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Trump admin squanders nearly 800,000 vaccines meant for Africa: Report

arstechnica.com Unknown 2026-01-11 22:03:05

Nearly 800,000 doses of mpox vaccine pledged to African countries working to stamp out devastating outbreaks are headed for the waste bin because they weren't shipped in time, according to reporting by Politico. The nearly 800,000 doses were part of a donation promised under the Biden administration, which was meant to deliver more than 1 million doses. Overall, the US, the European Union, and Japan pledged to collectively provide 5 million doses to nearly a dozen African countries. The US has

Topics: 000 doses nearly politico vaccine
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Bitcoin is nearly double where it was a year ago. This is what's behind the run

cnbc.com Mackenzie Sigalos 2026-01-20 17:39:57

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world's largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn't being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that's playing out in r

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Rocket Lab stock jumps nearly 11%, building on strong rally

cnbc.com Samantha Subin 2026-01-22 12:07:48

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab stock soared nearly 11% Monday, building on a strong run fueled by space innovation. Shares of the space infrastructure company have nearly doubled over the past two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024. Shares have skyrocketed nearly 70% over the last month. Last month, Rocket

Topics: european lab nearly rocket space
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