A startling report shows one in three people in the UK are now using AI devices like ChatGPT for emotional support. This growing digital dependency is creating real-world consequences, from user withdrawal symptoms to critical safety risks.
Imprint, a fintech that builds co-branded credit card programs, has raised $150 million at a $1.2 billion valuation. The round was led by Khosla Ventures, with participation from several top-tier VC firms.
Despite China’s broader economic woes, its AI chip sector is minting billionaires overnight. A wave of successful IPOs, driven by US export controls and domestic demand, is creating a new tech elite.
Visa’s group president notes that $11 trillion in global cash won’t vanish overnight but will fuel digital payments growth for years. PYMNTS data shows mobile wallets now account for 35% of online and 21% of in-store transactions in major economies, signaling a major shift in how we pay.
Google is launching a major internal initiative called “TorchTPU” to make its AI chips fully compatible with the PyTorch software framework. The move, developed with Meta’s help, is a direct attempt to erode Nvidia’s software moat and make Google’s TPUs a viable alternative for developers.
A U.S. federal judge has halted a new Arkansas law that aimed to penalize social media platforms for designs that could harm minors. The judge ruled the law is “likely unconstitutional” and too vague. This is a major win for the tech industry’s pushback against state-level regulations.
Power management giant Eaton is expanding its U.S. manufacturing footprint to capitalize on the AI-driven data center boom. The company will open a new 350,000-square-foot campus in Virginia, creating 200 jobs and focusing on critical power distribution gear. This move is a direct response to unprec
TemperPack is significantly expanding its sustainable packaging operations in Michigan. The company is moving its Green Cell Foam manufacturing to a new, upgraded 135,000-square-foot facility in Lansing to meet rising customer demand.
A report from the Institute for Corporate Productivity signals a major shift. Companies are poised to use AI not just for productivity, but as a strategic lever for workforce restructuring, with significant layoffs already underway.
Demis Hassabis, CEO of Google DeepMind, says the current frenzy around AI startup funding is creating unsustainable “bubbles.” He points to companies raising at “tens of billions” valuations with little to show, predicting a market correction is on the way.
