The battle for AI supremacy has gotten political. President Trump is defending Palantir Technologies (PTLR) after “Big Short” investor Michael Burry blasted the company for losing its software edge earlier this week. In a Truth Social post, the president claims Palantir has “great war fighting capabilities and equipment.” He even dared critics to “just ask…
The bold and sensual fashion house has been struggling with debt amidst a slowdown in global luxury spending. Source link
Amazon (AMZN) CEO Andy Jassy released his annual shareholder newsletter on Thursday, outlining the company’s approach to AI and indicating that Amazon is thinking about selling its own AI processors to third parties, increasing competition with Nvidia (NVDA) and AMD (AMD). Jassy said he doesn’t believe the technology is either overhyped or a bubble, but…
Stefano Gabbana resigned as chairman of Dolce & Gabbana and is considering options for his stake in the Italian fashion company ahead of negotiations with its bank lenders. Source link
People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022. Octavio Jones | Reuters Disney is planning to begin its next phase of cost cutting, which will include as many as 1,000 layoffs, according to a person familiar with the…
The rise in energy prices has hit Asia particularly hard as many nations are heavily reliant on Gulf oil. Source link
The platforms have grown in popularity, with some users making bets on global events. Source link
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank executives on Tuesday to warn them about the cyber risks raised by Anthropic’s latest AI model, Bloomberg News reported, citing sources. Source link
Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop more advanced AI systems. Source link
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