Uncategorized
California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth
Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.
Uncategorized
Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation. Its founder says he wants to give CFOs back their weekends
“Our message is not that we’re coming after jobs,” Rillet CEO Nicolas Kopp told Fortune. “That’s just not correct.”
Uncategorized
OpenAI says it paused AI training for two weeks and announces new security protocols following Hugging Face hack
The AI company says its unreleased Astra model presents a “critical” cybersecurity risk and it has put its largest training runs on hold while it tests new safety procedures.
Uncategorized
With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
Bank of America strategist Michael Hartnett warns against investing in bonds as the U.S. continues to run large deficits.
Uncategorized
AI gets its own “boiler room” scandal
The SEC accuses a Long Island firm of running a $74 million boiler room that sold retirees marked-up shares in Anduril, Anthropic, Perplexity, and SpaceX.
Uncategorized
Airlines in ‘stand-off’ over price cuts as jet fuel costs ease
Carriers are keen to protect the fare increases they brought in after start of Iran conflict
Uncategorized
AI phobia is America’s new consensus
Trump is uncharacteristically deaf to voter fears over the technology
Uncategorized
UAE suspends trade with Iran after saying it fired missiles at Gulf state
Defence ministry says weapons were targeting maritime traffic but fell into the sea