America’s AI ambitions may be undone not by a lack of capital or computing power, but by a shortage of electricians. That’s the emerging consensus between two disparate titans of the Fortune 500: Ford CEO Jim Farley, who has spent…
SpaceX—valued at $1.75 trillion—has confidentially filed with the SEC to stage an initial public offering of an estimated $75 billion in shares, Bloomberg reports. The previous largest stock offering on the public markets was by Saudi Aramco, at $29.4 billion.…
The global AI boom has bolstered economic fortunes across Asia, lifting Korean chipmakers, Southeast Asian data center operators, Chinese AI startups and Japanese component-makers alike. Even the worst Middle Eastern conflict in decades isn’t slowing things down. This week, Microsoft…
The problem of traders turning a buck on inside information is as old as markets themselves. But in the last year, the scope of insider trading has grown to unprecedented levels thanks to new platforms like Kalshi and Polymarket that…
From the mid-2000s through the late 2010s, San Francisco was a magnet for young graduates driven largely by Web 2.0 and the mobile tech boom. It was a cool city that boasted high-paying jobs and promised a breezy West Coast…
The billionaire exodus from the West Coast to Florida is underway as the ultra-wealthy seek refuge from wealth taxes in states like California and Washington. Google cofounders Larry Page (net worth $244 billion) and Sergey Brin (net worth $226 billion)…
While many Americans shudder at the prospect of AI taking their jobs, business leaders and tech enthusiasts continue praising its potential, an optimism that is echoed across Silicon Valley and Wall Street. But all that hype may actually be injuring…
Everyone remembers the looseness that defined work during the COVID pandemic. While it brought its share of stress, particularly the constant concern about infection, remote work also rebalanced work-life integration. It became easy to fold laundry, run errands, or start…
Big Oil is joining the data center game, with Chevron and Microsoft entering an exclusivity agreement on talks to colocate gas-fired power plants with an AI campus in West Texas’s oil and gas epicenter. If finalized, the deal would represent…
More than 200 child advocacy groups and experts are demanding that YouTube ban AI-generated “slop” from its children’s platform entirely, arguing that the low-quality, algorithmically produced videos are rewiring young brains and raking in millions while parents and regulators look…