AGGREGATED External reporting by Bloomberg. This page summarizes the publisher's feed entry; the full article is on www.bloomberg.com.
Circle Internet Group Inc. said it laid off approximately 5% of its workforce as part of a broader push to incorporate AI, while posting third-quarter revenue and earnings that exceeded analyst expectations.
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Peter Tchir, head of macro strategy at Academy Securities, explains the market factors he sees deepening the selloff on the AI trade as he expects the US economy to slow without increased compute spend. (Source: Bloomberg)
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US lawmakers are looking to impeach embattled Defense Secretary Pete Hegseth as soon as next week, an effort that’s gained momentum after the Iran war he championed partly led to Republicans losing control of Congress in the midterms.
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But it’s not clear whether they’re any better than conventional polling.
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Earlier this year, scenes of retirees and young people waiting in long lines to install the AI agent OpenClaw went viral in China. Even as the government warned of cybersecurity risks, consumers rushed to try the long-hyped Next Big Thing…
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Anthropic PBC is tapping the fintech Plaid and its vast network of consumer finance information to bring more tailored financial guidance to users of its Claude artificial intelligence model.
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Even before the backlash against data centers took shape at the ballot box, the rotation out of AI was underway. SpaceX is the biggest company to join that cohort.