It is frequently said that the Federal Reserve steers by looking in the rearview mirror, basing monetary policy decisions on where the economy was in the past, rather than where it is today, or where it is headed. The reason is simple: the Fed relies heavily on measures that summarize the preceding 12 months. Those measures
Amazon is turning to third-party sellers to expand one of its fastest shipping options — and asking them to pay up for it. The e-commerce giant is asking some sellers who use Fulfillment by Amazon, or FBA, to submit bids to make their products eligible for “sub-Same Day” delivery, according to an email sent to
As the U.S. paves the way for a nuclear renaissance to power the AI data center boom, the next frontier is building small nuclear reactors offshore to power coastal facilities and merchant ships. Strangely, the momentum could begin in California, a state that banned building new nuclear plants 50 years ago. This summer, the Port
OpenAI said it’s ending its contract with Cursor, a coding startup recently acquired by SpaceX, because it doesn’t trust an Elon Musk-owned company to comply with its terms of service. The company said in a statement published on Friday night that it plans to shut off Cursor’s access to OpenAI models on November 12. “This
Meta has agreed to pay up to US$17 billion over 10 years to settle claims brought by a bipartisan coalition of state attorneys general. The states argued that the company deliberately designed Facebook and Instagram to hook children into using its apps, misled the public about the harm and improperly collected data from children under
This week brought another warning from tech leaders about the growing threat of AI cyber attacks — and I am once again asking what I, a regular person, am supposed to do about it. OpenAI published an open letter on Thursday, joined by over 100 organizations, warning that the window to shore up cyber defenses
