Bloomberg : In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost ...
In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure — OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure …
Posted from: this blog via Microsoft Power Automate.
Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier — The Baumol Effect and Jevons paradox are related — If you live in the United States today, and you accidentally knock a hole in your wall …
Posted from: this blog via Microsoft Power Automate.
Unit 42: “commercial grade” spyware called Landfall, likely zero-click, was used in a hacking campaign aimed at Samsung Galaxy phones in the Middle East — Security researchers on Friday revealed the discovery of “commercial grade” spyware used in a 9-month-long hacking campaign aimed …
Posted from: this blog via Microsoft Power Automate.
Sources: Roelof Botha was ousted by senior Sequoia partners amid concerns about his “imperial style” leadership, AI investment strategy, and internal clashes — Partners called vote to oust chief after controversial incidents rocked Silicon Valley venture capital firm
Posted from: this blog via Microsoft Power Automate.
A Delaware federal jury rules that GoDaddy owes patent owner Express Mobile $170M for violating its rights in website-building technology; GoDaddy will appeal — Internet domain registrar GoDaddy (GDDY.N) owes a patent owner $170 million for violating its rights in website-building technology …
Posted from: this blog via Microsoft Power Automate.
Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years — Mercury's Immad Akhund. — MERCURY — The fintech roller coaster—after a few years of barrel rolls and corkscrews …
Posted from: this blog via Microsoft Power Automate.
You.com CEO Richard Socher is working on a new AI lab to automate AI research, and, sources say, hopes to raise $1B for it; Socher will remain at You.com — Richard Socher, CEO of AI search startup You.com and a former chief scientist at Salesforce, hopes to raise around $1 billion …
Posted from: this blog via Microsoft Power Automate.
Meta says it will invest $600B in the US infrastructure and jobs by 2028; Zuckerberg told Trump at a September dinner that Meta will spend “at least $600B” — Meta Platforms (META.O) on Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years …
Posted from: this blog via Microsoft Power Automate.
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high — Less than one year into Donald Trump's second term and the post-election ebullience has evaporated from shares of his social media company …
Posted from: this blog via Microsoft Power Automate.
Denmark's government has reached a political agreement to ban social media access for anyone under 15, with a possible parental consent exception from age 13 — The proposal would be one of the most sweeping steps yet by a European country to curb social media use among young people.
Posted from: this blog via Microsoft Power Automate.