GoKawiil
Tech News
A series of Wall Street Journal investigative articles examined blood-testing company Theranos and its founder Elizabeth Holmes, raising questions about the company's technology and practices. The reporting is credited with setting in motion the events that led to Holmes' eventual downfall.
A draft IPO prospectus reviewed by the Wall Street Journal shows Anthropic posted an $80 billion net loss for the first six months of 2026, up sharply from $13 billion in the same period a year earlier. Revenue over that span rose only modestly, from roughly $15.2 billion to $16.3 billion, while the company has also committed to about $450 billion in cloud computing infrastructure spending over the next seven to ten years.
Anthropic and OpenAI have begun drafting plans to distribute some of their financial gains to the public as they move toward major stock market listings. Both companies frame the commitment as necessary to offset workforce disruptions they expect AI to cause. The proposals have drawn skepticism from some critics.
Elizabeth Holmes reportedly approached studio A24 proposing a documentary about herself. Comedian Nathan Fielder learned of the pitch and asked to get involved, resulting in the release of a film called You Can See Everything that references the Theranos scandal without detailing its specifics. The film assumes audiences already know the background of Holmes' 2021 fraud conviction.
Owners who bought laundromats after seeing TikTok videos promising easy passive income are describing a harsher reality to the Wall Street Journal, including costly repairs, long hours, drug activity and endless cleaning. Industry group CEO Brian Wallace notes a small laundromat costs about $300,000 with an average 24% profit margin, and says it is not a business you can run by just collecting quarters weekly.
Elice, a South Korean AI data center firm, listed on the country's secondary market and saw its shares crash more than 30% on their first day of trading. The slump came as Asian and European tech stocks broadly declined, reversing Monday's brief rebound in AI-related shares on Wall Street, with CoreWeave closing lower despite a Goldman Sachs upgrade.
A former WIRED editor recounts how Elizabeth Holmes and Theranos secured favorable coverage across major outlets, starting with a 2013 Wall Street Journal opinion piece and followed by WIRED's own 2014 Q&A profile, plus features in Fortune, The New Yorker, and Inc. The piece traces how Holmes was repeatedly framed as the 'next Steve Jobs' before Theranos was later exposed as fraudulent.
Anthropic told private investors its revenue grew 45 percent to nearly $17 billion, according to the Wall Street Journal. Critics and some investors say that figure falls far short of what's needed to justify the company's anticipated $2 trillion valuation, with Reuters reporting some investors are now considering a lower valuation of roughly $1.5 trillion.
According to the Wall Street Journal, YouTube is negotiating with publishers and could launch an audiobooks feature as early as next year. The report says YouTube has discussed bundling the feature into its $16-a-month ad-free Premium subscription, though pricing and whether individual books would be sold remain unsettled. YouTube has not confirmed the plans.
Wall Street firms, led by Blackstone, are marketing AI data centers as a real estate investment category, including a new publicly traded REIT called Blackstone Digital Infrastructure Trust launched this year. Blackstone CEO Nick Pell said the fund focuses on 'stabilized' data centers in established markets like Northern Virginia and Dallas, aiming to tap what the company estimates is a $300 billion market, even as community opposition and state-level moratoriums on new data center projects grow.
Richard Bronson, once a partner at Jordan Belfort's Stratton Oakmont who served federal prison time for securities fraud, has launched Commissary Club, an AI-powered social platform aimed at helping formerly incarcerated people find jobs and housing. The startup also includes a social networking component for its users.
On April 7, 2025, U.S. stocks experienced a sharp decline before a false report about a tariff pause circulated on X, suggesting that AI agents involved in market interpretation may propagate misinformation if sources are unreliable or lack context. This incident highlights the increasing reliance on AI for financial decision-making and the risks of errors spreading rapidly.