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After killer quarter, Palantir CEO Alex Karp calls AI industry ‘Marxist’ | TechCrunch 0
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- August 3, 2026
Palantir CEO Alex Karp on Monday once again warned that AI frontier labs are too untrustworthy for enterprises. The CEO, who famously studied philosophy and earned a PhD in social theory, implied in Palantir’s quarterly shareholder letter that these were the kinds of capitalists who gave rise to Marxist socialism. “There are Marxist overtones and
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US economic growth sees surprise slowdown in second quarter 0
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- August 3, 2026
There was a surprise slowdown in US economic growth in the three months to June despite an increase in consumer spending, according to official figures. The Commerce Department said the US economy grew at an annual rate of 1.5% in the second quarter, down from 2.1% seen in the first three months of the year.
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TelevisaUnivision registers losses in the second quarter despite the boost in Mexico World Cup broadcasts 0
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- July 23, 2026
Spanish-language media giant TelevisaUnivision said it posted a loss in the second quarter despite an increase in revenue from its rights to broadcast the World Cup in Mexico, a sign of the challenges continued to face the company, formed from the combination of Univision in the United States and Grupo Televisa in Mexico. The company
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Even Google couldn’t beat its AI spending this quarter 0
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- July 23, 2026
The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
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After a shocking quarter, IBM insists that AI is not killing the mainframe | TechCrunch 0
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- July 22, 2026
On Wednesday, IBM officially reported its earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates large amounts of cash ($17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins and $2.2 billion in net profit for the quarter), its results fell well short
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Tesla activates robotaxi pilots in Orlando and Tampa ahead of second quarter earnings | TechCrunch 0
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- July 22, 2026
Tesla has brought an unspecified number of its unattended Model Y SUVs to Orlando and Tampa, just one day before the company’s scheduled second-quarter earnings call. This is the third Florida city where Tesla is testing its fledgling robotaxi service, following a small launch in Miami a few weeks ago. The two new cities appear
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