Finance (Page 3)

Latest in Finance

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

A new study links private equity ownership to horrifying outcomes in hospital emergency rooms and ICUs compared to public facilities.

Something Grisly Happens When Hospitals Become For-Profit

Roger McNamee has an ominous warning for the huge tech companies shredding billions in the AI race: it's winner take all.

Longtime Investor Warns the AI Industry Is Set to Collapse for a Basic Financial Reason

Deutsche Bank is warning that AI spending won't "remain parabolic," or continue to increase exponentially, a dire warning for the future.

Deutsche Bank Issues Grim Warning for AI Industry

By Victor Tangermann

In an interview, Julie Zhuo explained that AI companies putting the pedal to the metal can't even see over the steering wheel.

Former Facebook Exec Warns AI Industry Is Entirely Built on “Vibes”

Stan Lee Resuscitated for AI-Powered Hologram at Comic Con

By Sharon Adarlo

A woman from Virginia using OpenAI's ChatGPT won $150,000 and is now donating the entire check to charity.

Woman Asks ChatGPT for Powerball Numbers, Wins $150,000

By Sharon Adarlo

Called the "first fully autonomous humanoid-operate store," the kiosk chain is said to be rapidly expanding to 100 locations.

China Opens Bodega Entirely Run by Robot

US Federal Reserve chair Jerome Powell recently claimed that AI is effecting the labor force, potentially impacting future rate cuts.

Fed Boss Concerned About AI’s Effect on Job Market

OpenAI researchers tried to train the company's AI to stop "scheming," but their efforts backfired in an ominous way.

OpenAI Tries to Train AI Not to Deceive Users, Realizes It’s Instead Teaching It How to Deceive Them While Covering Its Tracks

By Victor Tangermann

The possibility of Microsoft being made obsolete as it races to keep up is something that keeps CEO Satya Nadella up at night.

Microsoft CEO Concerned AI Will Destroy the Entire Company

By Victor Tangermann

Klarna CEO Sebastian Siemiatkowski said he's been vibe coding and showing the results to his company's engineers.

CEO Says He’s Showing His Engineers How to Get Things Done by Sending Them Stuff He Vibe Coded

By Victor Tangermann

The ads which cannot be disabled will "strengthen" the "value" of your Family Hub fridges, according to Samsung.

Samsung Announces Plans to Plaster Your Smart Fridge With Digital Advertisements

By Frank Landymore

Tech business leaders at a Wall Street Journal conference declared that businesses must restructure in order to accommodate AI tech.

If You’re Looking for a Job Right Now, AI Is Extremely Bad News

By Sharon Adarlo

One economist says that if the AI bubble bursts, it might be just what the economy needs to get back on track.

The AI Bubble Bursting Would Actually Be Incredible for the Economy, Economist Says

After less than a year a the company, a recent high school graduate is now in charge of vetting the training data for Elon Musk's Grok.

Elon Musk Fires 500 Staff at xAI, Puts College Kid in Charge of Training Grok

By Frank Landymore

The Anthropic report reveals how businesses are actually using its Claude AI model — and its bad news for human workers.

Anthropic Report Finds Dire News About AI’s Effects on Job Market

By Frank Landymore

The newest class of young tech founders are eschewing frivolities in favor of what appears to be a minimalist, monkish existence.

There’s Something Psychologically Bizarre About AI Executives

Users of AI chatbots are being driven into spirals of delusion, a wave of "AI psychosis." Financial experts are increasingly concerned.

Financial Experts Concerned That Driving Users Into Psychosis Will Be Bad for AI Investments

By Victor Tangermann

A new AI wearable that continuously records everything you do isn't just an enormous privacy violation in the making — it's also a jerk.

New AI Necklace Listens Constantly and Uses All That Data to Complain About You

By Victor Tangermann

If current trends continue, corporate leaders could drag the economy into a self-imposed productivity slowdown to make AI look good.

If the AI Industry Fails, It Could Take the Rest of Us Down With It

New data shows Tesla's EV sales have fallen below 2017 levels, when it was struggling to sell even 30,000 vehicles.

Tesla’s Market Share Has Fallen So Badly That It’s Back to 2017 Levels

Geoffrey Hinton, considered the "Godfather of AI," is once again offering scary predictions about what AI has in store for us.

Godfather of AI Says His Creation Is About to Unleash Massive Unemployment

By Noor Al-Sibai

Good news, writers: if your book was used to train Anthropic's AI, you could stand to get paid thousands of dollars in a new settlement.

Attention Writers: Anthropic Might Owe You $3000 (or More!) If It Was Trained Using Your Work

By Foster Kamer

A recent paper uncovered some of the first comprehensive evidence that the AI industry is throwing the job market into flux.

New Paper Finds Evidence That AI Is Already Killing the Job Market

Microsoft is one of the biggest and most well-known tech companies in the world — but you wouldn't know that by its salary ranges.

You’ll Squint and Wipe Your Glasses When You See This Leaked Data on How Much Microsoft Engineers Are Getting Paid

By Noor Al-Sibai

OpenAI CEO Sam Altman made a stunning admission: he believes that the AI industry is currently a huge bubble.

Sam Altman Says the Quiet Part Out Loud, Believes We’re in an AI Bubble

By Frank Landymore

Google's parent company Alphabet failed to hit sales targets, falling a 0.1 percent short of Wall Street's revenue expectations.

Google’s Finances Are in Chaos as the Company Flails at Unpopular AI

By Victor Tangermann

A Chinese AI chatbot called DeepSeek has rocketed to the top of the charts on Apple's App Store, sending ripples across Silicon Valley.

Silicon Valley in Shambles as Chinese Startup Creates Top-Tier AI Without Billions of Investment

By Victor Tangermann

Despite losing most of its value, the stock price for Donald Trump's free-falling Truth Social platform may still be overblown.

As Truth Social Collapse Continues, Finance Professor Says Its Stock Is Still 1,000 Percent Overvalued

By Noor Al-Sibai

Elon Musk seems to have had second thoughts about platforming Holocaust denial on his own X-formerly-Twitter account.

Universal Basic Income

Elon Musk Deletes Nazi Apologist Tweet After Near-Universal Backlash

By Noor Al-Sibai

The banks have been unable to sell off their debt, leaving them with some of the worst "hung" loans of all time.

The Banks That Financed Elon Musk’s Acquisition of Twitter Are Now Absolutely Screwed

By Frank Landymore

OpenAI CEO Sam Altman has for years now been quietly giving folks a universal basic income to see if it works.

Universal Basic Income

Sam Altman Has Been Quietly Giving Out Money for Basic Income

By Noor Al-Sibai

A multinational company was scammed out of $25.6 million by a hacker, who was using a deepfake version of their CFO on a video call.

Hackers Steal $25 Million by Deepfaking Finance Boss

By Victor Tangermann

One of the highest-trafficking investing sites in the US appears to be plagiarizing other websites' content using AI.

Investing.com Accused of Using AI to Plagiarize Other Websites

By Noor Al-Sibai

Elon Musk is finally getting the "everything app" of his dreams — or is at least ordering Twitter employees to build out his vision for one.

Elon Musk Desperately Wants Control Over Your Personal Finances

By Noor Al-Sibai

According to finance professor Alejandro Lopez-Lira, large language models like ChatGPT could be used to forecast stock prices.

Finance Professor Claims ChatGPT Can Predict Stock Performance

By Victor Tangermann

Twitter Finances Reportedly Tank Under Elon Musk’s Brilliant Leadership

Twitter Finances Reportedly Tank Under Elon Musk’s Brilliant Leadership

By Frank Landymore