News
IT sector rises to 38% of MSCI USA Index and 44% of MSCI EM Index as tech concentration hits historic levels
1+ hour, 44+ min ago (329+ words) The information technology sector now dominates global equity benchmarks at levels never seen before, raising serious questions about portfolio diversification and concentration risk. If you're invested in a broad market index fund and think you're diversified, here's a reality check....
Open AI partners with Open Network Lab for Kyoto startup pitch contest offering $1 M in API credits
2+ hour, 12+ min ago (317+ words) The contest targets early-stage founders building for a post-AGI future, with $100 K cash and up to $1 M in API credits on the line Open AI is teaming up with Japan's pioneering seed accelerator to host a pitch competition where the…...
Jack Dorsey calls for elimination of middle managers at Block Inc, replacing them with AI
3+ hour, 47+ min ago (477+ words) Block's CEO co-authored an essay arguing that artificial intelligence makes traditional management layers obsolete, as the company slashes 40% of its workforce Jack Dorsey wants to fire your boss. And your boss's boss. And probably the person who manages the conference…...
Manus investors plan to buy back AI startup from Meta for $2 B
4+ hour, 28+ min ago (389+ words) Chinese backers seek to reacquire the Singapore-based AI agent company at its original price after Beijing forced the deal to unwind on national security grounds Meta's biggest AI acquisition is getting reversed. The original Chinese investors behind Manus, the AI…...
China's AI models compete on cost efficiency for training and inference
5+ hour, 39+ min ago (303+ words) Chinese developers are slashing compute costs by up to 97% through architectural innovation, reshaping the global AI pricing landscape under the pressure of US export controls. Deep Seek trained its V3 model for roughly $5. 58 million. For context, US competitors routinely spend tens…...
Shift4 Payments enhances Pay with Crypto solution, accepts Tether payments
6+ hour, 25+ min ago (379+ words) The payment processor partnered with Lydian to integrate USDT into its merchant platform, automatically converting stablecoin payments to fiat at the point of sale. Shift4 Payments just made it easier for hundreds of thousands of US merchants to accept the world's…...
Grok plans to produce full-length movies by end of 2026
7+ hour, 10+ min ago (473+ words) Elon Musk's x AI is betting it can go from short clips to feature films in under 18 months, starting with an Alice in Wonderland demo Elon Musk wants x AI's Grok to make a full-length movie before 2027. Not a sizzle…...
Anthropic develops scheduled triggers for upcoming Conway agent
7+ hour, 35+ min ago (389+ words) A leaked codebase reveals Anthropic's plans for an always-on autonomous agent that can monitor webhooks, run on schedules, and browse the web independently Anthropic is quietly building something that looks a lot like the AI agent everyone keeps promising but…...
FAA partners with Palantir to enhance runway safety using AI
8+ hour, 30+ min ago (272+ words) The federal aviation agency is deploying Palantir's AI platform to predict runway incidents after a string of deadly accidents, with funding backed by recent congressional legislation. The Federal Aviation Administration is betting that artificial intelligence can prevent the next runway…...
Google, Microsoft, and Salesforce back new AI software standard to counter Open AI and Anthropic
9+ hour, 28+ min ago (478+ words) The Agentic Resource Discovery specification aims to standardize how AI agents find and use enterprise tools, with notable absences from the supporter list The biggest names in enterprise software just drew a line in the sand. Google, Microsoft, and Salesforce…...