Archive for the 'Economy' Category
American AI Is Locked Down and Proprietary. It’s Losing.
July 20th, 2026Via: Ben Werdmuller: China’s open-weights AI strategy is winning: its companies are taking the lead. America’s closed-first, locked-down strategy is doomed to failure – and it could take the US economy down with it. … Open technologies can be used permissionlessly and therefore can be at the center of more innovation. You can host them […]
How Texas Police Spent $4.5 Million on Four Chevy Tahoes
July 19th, 2026Via: The Drive: It’s hard to make a 2026 Chevy Tahoe cost more than a million dollars. Until you start packing it with military-grade public surveillance technology. Ominous Israeli surveillance tech is now being deployed on American roads. FalcoNet, brought to you by a company called Cognyte (Israel’s Palantir rival), secretly tracks people by intercepting […]
People Recording Themselves Doing Housework to Train AI for Robots
July 18th, 2026Via: Joanna Stern:
Kimi K3
July 18th, 2026Trillion dollar valuations on U.S. AI companies… while Chinese companies are running knowledge distillation operations and then releasing competitive models for free… Hmm. While nobody is claiming that Kimi K3 is better, overall, than top proprietary systems, companies can potentially run it in their own data centers. If companies are spending tens or hundreds of […]
Prepare for the Oil Crisis
July 17th, 2026Via: Upper Echelon: Research Credit: OF
Truth Social to Sell Trading Firms ‘Fastest’ Access to Trump’s Posts
July 16th, 2026It’s not enough that Trump’s inner circle is able to front load cupcakes based on his posts. He now wants to monetize slightly faster access to that information so others can front load—you know, after his inner circle has front loaded. Keep in mind that, “A significantly faster pace than a regular push notification” might […]
IBM Stock Loses 25%, Worst Day on Record
July 15th, 2026Via: CNBC: International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations. The stock logged its worst day on record, sinking further than its previous worst day of Oct. 19, 1987, when shares fell 23.7%. Records track trading activity back to […]
Data Centers Have Already Hiked Electricity Prices on the Public by $23 Billion
July 14th, 2026Via: Fortune: Many major tech companies have pledged to pay their fair share of the costs associated with generating and transmitting more electricity to serve large data centers. But ratepayers across the United States are worried about the potential costs they might have to bear. That’s because it’s not immediately clear how the cost of […]
2024 Cocaine Bust in Spain Leads All the Way to Wall Street, Dubai
July 14th, 2026Via: ThePrint: It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine. The drug bust in the fall of 2024 became the biggest in Spain’s history at the time. The ensuing investigation has now […]
Millions of Americans Take on Debt and Drain Savings to Afford Food
July 13th, 2026Via: CBS News: Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found. More than a quarter of working-age adults who relied on credit cards to buy groceries were either unable to pay their balance […]
