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‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic
Top economist Nouriel Roubini, who was among the first to predict the 2008 financial crash, earned the nickname “Dr. Doom” for his stark warnings, though he has…
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The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports o…
Islamabad to Install AI-Powered Traffic Signals Under Safe City Project
Islamabad is set to introduce AI-powered traffic signals under the Safe City Expansion Project in a move aimed at improving traffic flow, reducing congestion, a…
TSMC’s Record Quarter Fails to Calm AI Bubble Fears
TSMC reported a record second quarter, but investors focused less on the earnings beat and more on the rising cost of the AI boom.
The world’s largest contra…
Meta May Rent Computing Power to Anthropic in $10 Billion Deal
Meta is reportedly in talks to lease AI computing power from its data centers to Anthropic in a deal that could be worth up to $10 billion over two years.
Acco…
New ChatGPT Work Can Run Your Entire Business Alone
OpenAI’s new ChatGPT Work is being positioned as a tool for users who want AI to complete business tasks instead of only answering questions.
Unlike a normal…
China’s Kimi K3 Calls Itself Claude, Exposing Illegal Distillation
Moonshot AI’s new Kimi K3 model has quickly become one of the most talked-about AI releases of the week after topping a major front-end coding benchmark.
The…