Finance (Page 2)

Latest in Finance

A young man with curly hair and a mustache is sitting on a wooden bench outdoors, smiling broadly and raising his fist in celebration while looking at a red smartphone in his hand. A light blue bicycle is parked next to the bench, and there are green bushes and a fence in the background.

Professional Gamblers Move Into Prediction Markets to Bleed You Dry

A man in a white shirt and tie sits in a chair with his hands covering his face, appearing stressed or frustrated. In the background, a computer monitor displays blurred financial data, highlighted by a yellow circle against a red backdrop.

An Analysis Just Found Something Extremely Unflattering About What Happens to Users of Prediction Markets

By Frank Landymore

Black office chair with a box of office supplies on the seat, including scissors, folders, a Rolodex, and a small plant, set against a red background with a subtle grid pattern.

As AI Surges, Layoffs Hit Worst Moment Since 2009 During Throes of Financial Crisis

Bitcoin's plunge has made it far less economical to mine the digital token. Some companies are starting to unplug their equipment.

Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment

By Victor Tangermann

Elon Musk is shown in a black and white photo. He is wearing a dark sweater over a striped collared shirt and looking to the right. The background is bright yellow with a large red circle featuring a grid pattern behind his head.

Elon Laments That in Spite of His Obscene Wealth, He Still Can’t Find Happiness

Financial experts and tech CEOs are deeply anxious about what happens if AI takes everyones jobs, a question without an obvious answer.

Universal Basic Income

Experts Growing Worried About World in Which AI Takes Your Job and You Have No Way to Provide for Yourself

AI companies working on foundation models have yet to even break even, let alone turn record-breaking investments into profit.

Major AI Companies Aren’t Even Pretending to Make Money

A former analyst at the UK central bank warned of apocalyptic financial scenarios if we ever confirm alien life.

Former Banking Insider Makes Strange Warning About Discovery of Alien Life

The financial situation behind Donald Trump's Stargate AI project could soon become unsustainable, analysts warn.

Trump’s Huge AI Project Is Running Into a Major Financial Problem

Major financial leaders are expressing concern about worker's anger over AI as negative sentiment on the shop floor grows.

Business Leaders Suddenly Fearful as Anger Surges Over AI Replacing Human Jobs

While the world's elite gather at Davos for the World Economic Forum, hundreds of their ultra-rich peers demand to be taxed.

The Ultra-Wealthy Are Demanding to Pay Higher Taxes

AYouTuber who goes by the handle RJCmedia discovered a pre-owned game promotion at GameStop that turned out to be too good to be true.

Man Discovers Infinite Money Glitch at GameStop

By Victor Tangermann

Speaking at the World Economic Forum, Alex Karp said the majority of humanity will be working in manufacturing and vocational jobs.

CEO of Palantir Says AI Means You’ll Have to Work With Your Hands Like a Peasant

The moguls behind the biggest AI corporations have no unified idea about the world after AI takes everybody's jobs.

Tech Billionaires Have No Answer for What’ll Happen If AI Takes All Jobs

Bettors are in a rage after the prediction market platform, Polymarket, refused to honor bets related to the US invasion of Venezuela.

War Profiteers Furious After Polymarket Refuses to Pay Out on Venezuelan Invasion Bets

Elon Musk's xAI has reported a staggering net loss over the last three months, bringing the year's total losses to $7.8 billion.

Elon’s xAI Is Losing Staggering Amounts of Money

New details show the lucky bettor who made over $400,000 betting for Maduro's downfall on Polymarket doubled down hours before the attack.

The Venezuela Polymarket Scandal Is Looking Really Bad

A new bill introduced by Ritchie Torres would ban government officials from trading on prediction markets like Kalshi and Polymarket.

New Law Would Prevent Trump Officials From Invading a Country and Profiting by Placing Bets on Polymarket

Donald Trump's trade restrictions on AI chips have given Chinese tech firms the environment they need to court global investors.

Trump’s Chip Embargo Against China Is Backfiring Spectacularly

New anecdotes suggest software engineering students at elite universities are struggling to find jobs, though explanations vary.

Top Software Engineering Students Can’t Get a Job Because of AI

A venture capitalist is warning investors that the AI robots sector could be experiencing the start of a financial bubble.

Investors Warn That Humanoid Robots Are the Next Financial Bubble

By Sharon Adarlo

A Fox Business host railed against a humble little tree farm that's standing in the way of more AI data center construction.

Fox News Instructs Viewers to Buy Plastic Christmas Trees So the Real Ones Can Be Sacrificed to Feed the Insatiable Hunger of AI Data Centers

By Frank Landymore

McDonald's and its marketing contractors have had some bizarre responses to the backlash from their AI commercial.

McDonald’s Issues Extremely Weird Response to Its Disastrous AI Ad

Sundar Pichai recently claimed that no job is safe, not even his own, fretting that we'll have to suffer through AI whether we like it or not.

Google CEO Says We’re All Going to Have to Suffer Through It as AI Puts Society Through the Woodchipper

Parting Stones is reshaping the way we cremate our dead relatives, turning them into a luscious pile of clattering stones.

You Will Never Guess What This Startup Is Turning Human Remains Into

Recent data from the US Census Bureau shows that the amount of workers using AI on the job is falling to a dismal rate.

The Number of People Using AI at Work Is Suddenly Falling

An inquiry led by Republican senator Ted Cruz is blaming life-saving car safety regulations for the rising cost of cars.

Republicans Complain That Cars Have Become Too Safe, Say It Must Be Reversed

Millionaire AI startup founder Maor Shlomo admits that it's incredibly easy to copy other companies thanks to vibe coding.

Startups Using AI Have a Problem: Anyone Can Copy Their Awesome Idea

Consider ditching your old phone and buying a new one to boost the economy run by trillion dollar monoliths.

The Economy Is Sputtering as People Keep Using Their Old Phones That Work Fine

By Frank Landymore

The South Korean government's billion-dollar AI textbook initiative has been a complete failure from start to finish.

South Korea’s Experiment in AI Textbooks Ends in Disaster

Three major insurance companies have requested permission to exclude AI from their policies as anxiety grows throughout the industry.

Insurance Companies Are Terrified to Cover AI, Which Should Probably Tell You Something

After dazzling Wall Street with a "blowout" earnings report which saw its stock rise, Nvidia's stock is already declining.

Oops! Nvidia’s Stock Is Falling Again After Its “Blowout” Earnings Report

By Frank Landymore

AI chipmaker Nvidia's Wednesday earnings call is putting investors on edge, results that could send ripples through already rattled markets.

The Whole Financial World Is Terrified of Nvidia’s Earnings Call

By Victor Tangermann

Valve cofounder Gabe Newell is indulging himself with some light retail therapy — in the form of a $500 million superyacht.

Gabe Newell Buys Obscene Yacht

By Victor Tangermann

AI companies like Mercor are scrapping thousands of worker contracts in order restart operations while paying much lower rates.

AI Companies Are Treating Their Workers Like Human Garbage, Which May Be a Sign of Things to Come for the Rest of Us

An economist argues that President Donald Trump's investments in Big Tech will ruin the country's economy and its technological edge.

Economist Warns That Trump’s Investments in the Tech Industry Could Crash the Whole Economy

By Sharon Adarlo

A major tech selloff is shaking up Wall Street as the gulf between AI company valuations and their lagging revenues continues to grow.

Dark Clouds Suddenly Gathering Over AI Industry

By Victor Tangermann

The tech giant's stocks tumbled after SoftBank pulled nearly $6 billion in funding, though the AI bubble isn't bursting yet.

Nvidia Stock Lurches Down as SoftBank Pulls Entire Investment

Publishing magnate Keith Riegert recently told a crowded room that there are only two possible AI futures, and neither of them are good.

Genius Exec Says There Are Only Two Possibilities for AI: It’ll Collapse the Economy, or Make Everyone’s Job Obsolete

A new report found that tech worker layoffs are rising astronomically thanks to AI narratives, over hiring, and a dismal economy.

Tech Workers Are in Deep, Deep Trouble

Jensen Huang just admitted the People's Republic is outmaneuvering the "cynical" US on electrical costs and regulation.

Nvidia CEO Says China Is “Going to Win” the AI Race

Geoffrey Hinton is warning that the AI industry is fundamentally built on the total destruction of human labor.

The AI Industry Can’t Profit Unless It Replaces Human Jobs, Warns Man Who Helped Create It

The President announced a deal to cap the prices of weight-loss drugs like Wegovy and Zepbound for some Medicare recipients.

Trump Strikes Deal to Offer Americans GLP-1 Drugs for Much Cheaper

The federal reserve chair is watching AI's effect on job growth "very carefully" as he decides on tax rates.

Jerome Powell Deeply Concerned About AI’s Effects on Job Market

At the end of Coinbase's earnings call, CEO Brian Armstrong pulled one over those using prediction markets to bet on what he would say.

Coinbase CEO Pulls Up Predictions Market During Earnings Call and Rattles Off Words People Were Betting He’d Say

By Victor Tangermann

Out of the 80 analysts covering Nvidia stock for Bloomberg's enterprise terminals, only one of them is saying "sell."

Wall Street Analyst Warns That Nvidia Is Facing Serious Trouble

OpenAI's outstanding debts now exceed $1 trillion, which could lead to drastic consequences for the rest of the US economy if it fails.

Sam Altman Now Has the Power to “Crash the Global Economy,” Financial Analyst Warns

The world's leading Non-government organizations are weaponizing AI to produce heavily racialized misery porn.

Charities Using AI-Generated Photos of Starving Children to Raise Money

Third-party app intelligence firm Apptopia found that ChatGPT mobile app growth and time spent on the app slowed down significantly.

ChatGPT Usage Has Peaked and Is Now Declining, New Data Finds

By Victor Tangermann

For just a couple dollars, Endless Summer will generate images in your likeness of a fantasy vacation that never has to end.

Meta Employee Creates AI App That Deepfakes the Dream Vacation You Couldn’t Afford

Ads are no longer merely interrupting games; they're delaying live broadcasts that consumers pay to watch.

Live Sports Are No Longer Live Thanks to Extremely Long Ads

In an analysis of recent economic trends, economists wrote that "jobless growth" is pretty much the new normal.

Goldman Sachs Says Gen Z Is Pretty Much Permanently Screwed

Billionaires are (still) doomsday prepping. AI — the tech many of them are building — has them more paranoid than ever.

Numerous Billionaires Preparing for End of Society

By Maggie Harrison Dupré

An investment manager realized he made a crucial mistake — and that his grim prediction about AI investments may not have been cynical enough.

AI Data Centers Are an Even Bigger Disaster Than Previously Thought

In a new report, Sanders asserts that AI and automation has the potential to put some 100 million US workers out of the job.

Universal Basic Income

Bernie Sanders Has a Fascinating Idea About How to Prevent AI From Wiping Out the Economy

The investment bubble created by AI hype is already magnitudes bigger than the dot-com and subprime mortgage bubbles, one analyst warns.

AI Investment Is Already So Much Larger Than the Subprime Mortgage Bubble That You’ll Physically Flinch

Without AI spending, the US economy would lose one of the last industries actually bringing in any healthy revenue.

The Entire Economy Now Depends on the AI Industry Not Fumbling

A new study from Yale University shows that AI hasn't had much of an impact on jobs as many have predicted or feared.

New Yale Study Finds AI Has Had Essentially Zero Impact on Jobs

By Sharon Adarlo

AI data centers in the US are spiking nearby customers electricity bills and bringing other unexpected costs.

AI Data Centers Are Skyrocketing Regular People’s Energy Bills

Famed sci-fi author and tech journalist Cory Doctorow has a spectacularly grim warning about the coming AI-fueled economic disaster.

Cory Doctorow Says the AI Industry Is About to Collapse

The AI spending bubble could have an ominous effect on 401(k)s, given the massive concentration of tech stocks in the S&P500.

AI Poised to Gut Your Retirement Fund, Analysts Warn

A sociology scholar is cautioning that we are hurtling toward a "systemic digital crisis" caused by the digital economy.

Professor Warns Society Is Veering Toward a Digital Apocalypse

In a recent podcast appearance, Nvidia CEO Jensen Huang agonized that China is now "nanoseconds behind" US chipmakers.

Nvidia Is Quaking in Its Boots

Social media video shows a toilet in China demanding a user watch an ad in order to receive a handful of bathroom tissue.

New Public Toilets Make You Watch Ads to Get Toilet Paper