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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