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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.
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?
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.
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.
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.
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.
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.
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.
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.
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.