Category Archives: Business

The Great Crypto Re-Banking Has Begun

For years, crypto firms complained about being “debanked” in the US. Under the Trump administration, a group of fintechs is rolling out the red carpet.

Posted in Business | Tagged | Comments Off on The Great Crypto Re-Banking Has Begun

It Looks Like the Tesla Model Y Refresh Has Bombed

The high-selling Model Y is crucial for both Elon Musk and Tesla, but a half-hearted reskin of the car hasn’t reversed the company’s sales woes. Would a complete overhaul have been a better bet?

Posted in Business | Tagged | Comments Off on It Looks Like the Tesla Model Y Refresh Has Bombed

Silicon Valley AI Startups Are Embracing China’s Controversial ‘996’ Work Schedule

In an industry once known for cushy perks, some founders are now asking staff to commit to a 72-hour weekly schedule. You’re either in or you’re out.

Posted in Business | Tagged | Comments Off on Silicon Valley AI Startups Are Embracing China’s Controversial ‘996’ Work Schedule

OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round

OpenAI, which recently announced a $40 billion round of financing, is seeking funding from new and existing investors to fulfill the deal.

Posted in Business | Tagged | Comments Off on OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round

X Data Center Fire in Oregon Started Inside Power Cabinet, Authorities Say

Generative AI has put data centers under the spotlight, and surging electricity needs could increase risk of fires.

Posted in Business | Tagged | Comments Off on X Data Center Fire in Oregon Started Inside Power Cabinet, Authorities Say

Leaked Memo: Anthropic CEO Says the Company Will Pursue Gulf State Investments After All

“Unfortunately, I think ‘No bad person should ever benefit from our success’ is a pretty difficult principle to run a business on,” wrote Anthropic CEO Dario Amodei in a note to staff obtained by WIRED.

Posted in Business | Tagged | Comments Off on Leaked Memo: Anthropic CEO Says the Company Will Pursue Gulf State Investments After All

Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

A subsidiary of Cantor Fitzgerald, which is run by the sons of US Commerce Secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court.

Posted in Business | Tagged | Comments Off on Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

OpenAI’s New CEO of Applications Strikes Hyper-Optimistic Tone in First Memo to Staff

Ex-Instacart CEO Fidji Simo sent a memo to staff Monday laying out her vision for how AI will change the world.

Posted in Business | Tagged | Comments Off on OpenAI’s New CEO of Applications Strikes Hyper-Optimistic Tone in First Memo to Staff

How WIRED Analyzed the Epstein Video

On this episode of Uncanny Valley, we dive into the differences between what the US government said about a Jeffrey Epstein video it released and the story told by its metadata.

Posted in Business | Tagged | Comments Off on How WIRED Analyzed the Epstein Video

Mark Zuckerberg Is Expanding His Secretive Hawaii Compound. Part of It Sits Atop a Burial Ground

Meta’s CEO has become one of the biggest landowners in Hawaii, growing his property’s footprint and erecting new mysterious buildings.

Posted in Business | Tagged | Comments Off on Mark Zuckerberg Is Expanding His Secretive Hawaii Compound. Part of It Sits Atop a Burial Ground