Technology
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Tech stocks set to lose $1 trillion in value as skepticism of AI investment returns grows
Big tech companies have raised and spent hundreds of billions of dollars to build massive AI data centers and develop AI models. Investors are becoming increasingly concerned as they search for clear signals that investments are producing returns.
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North Korean unit likely behind $6.3 billion hack on Binance, blockchain intelligence firm says
TRM Labs attributed the attack "with high confidence" to TraderTraitor, which it described as an elite hacking unit operating out of North Korea.
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Microsoft offers voluntary buyouts to more than 25% of its global workforce
The company has 223,000 full-time employees globally as of June 30, 2026, according to its annual filing.
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Artificial Intelligence firm Anthropic files papers to sell shares to public for first time
Anthropic, which developed the chatbot Claude, reported a net loss of $80.7 billion in the first half of 2026.
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Musk says Ukraine military 'violated Starlink terms of service,' leading to speed limits
"Starlink remains critical to the defense of Ukraine, as it is the only system that cannot be jammed or blown up, at least for now. Were Starlink to be turned off, the Ukrainian front line would collapse immediately," Musk wrote.
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American Express is cutting 5% of its global workforce to 'prepare for AI,' CFO says
The cuts at Amex are part of a broader trend in the financial services sector, and many firms are looking to replace repetitive roles with AI automation.
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Iconic video game studio BioWare announces closure as industry struggles
Among the top titles from BioWare were Star Wars: Knights of the Old Republic, the Baldur's Gate series, and Mass Effect.
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Trump urges data centers to pay 'dividends' to locals to foster good will
Data centers often use their own energy sources, including gas-powered generators, to produce the large amounts of electricity needed to keep them running.
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Elon Musk confirms Tesla, SpaceX are exploring possible merger
Musk said a merge of the two companies was not guaranteed, but that he supported the idea. Because the billionaire runs both companies, he is not allowed in the discussions regarding the possible merger.
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Meta’s new terms could allow it to scrape news websites for AI training, legal experts warn
The changes, which take effect October 30, apply to businesses using Meta’s platforms, including Facebook, Instagram, Messenger, and WhatsApp.
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Tesla unveils flying roadster in viral stunt debut
The roadster features thrusters that allow the vehicle to go airborne or stabilize from a fall. The event saw the vehicle perform stunts such as the classic kickflip over other vehicles.
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Ex-Trump security official backs Starlink, explains why it shouldn’t be used for Ukraine attacks
Who controls U.S. technology used in foreign conflicts? The satellite network – a subsidiary of Elon Musk's SpaceX – has become critical infrastructure in an active war, so any single restriction made by an unclear decision-maker, could change battlefield outcomes.