The AI investment bubble is showing serious cracks. Microsoft’s market value cratered by over $440 billion after revealing its huge spending and deep financial entanglement with OpenAI, sparking a broader tech selloff.
A personal journey from using Windows 10 and Microsoft Word in 2021 to running Fedora and open-source apps today. The shift in trust came less from open-source changing and more from frustration with the direction of closed-source software, including forced AI features and operating system drama.
The New York Stock Exchange announced a plan to put thousands of stocks on the blockchain. But one academic calls it “smoke and mirrors,” pointing to a lack of specifics and a conflict with its existing business model.
Moltbot, the viral open-source AI assistant, is exploding in popularity but comes with massive security red flags. Researchers warn it’s leaking credentials and is a prime target for prompt injection attacks. The convenience of an AI that “actually does things” might not be worth the risk.
According to Fortune, the SEC is threatening to roll back Regulation S-K and blocking shareholder resolutions. This strips investors of their fundamental rights to information and oversight. The result is a market built on opacity, not transparency.
German Larrea’s fortune hit $71.6 billion while Iris Fontbona’s wealth jumped 91% to $55.6 billion in the past 12 months. Their pure-play copper companies have massively outperformed diversified mining giants as investors chase direct exposure to the red metal.
The tech boom in Seattle is turning to gloom with a new wave of major layoffs. Amazon is cutting another 16,000 corporate roles, while Meta and Expedia slash hundreds more. Local leaders call it the scariest economic time since 2009.
The energy industry’s push into remote areas is fueling a new space race for connectivity. Low Earth Orbit (LEO) satellite networks are providing the high-bandwidth, low-latency links needed for modern operations, moving data from offshore platforms to boardrooms in near real-time.
NASA has fully brought its new Athena supercomputer online, making it the agency’s most powerful and efficient system yet. Built by Hewlett Packard, it uses AMD EPYC processors to deliver over 20 petaflops of peak performance.
Apple is set to report fiscal first-quarter earnings after the bell on Thursday. Wall Street expects strong iPhone 17 holiday sales but is worried about rising memory costs and the path to AI monetization.
