Tag: Artificial Intelligence
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Intel Lost Nearly 30% in a Day. Wall Street Wants AI Receipts.
Intel plunged nearly 30% and the Nasdaq headed for its worst day since June as investors balked at Big Tech’s cash-burning AI spending. Here’s why the market is doing its job, what it means for your 401(k), and why taxpayers shouldn’t be on the hook.
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Nearly Half of Tweens Have Used AI Chatbots. A Bot Isn’t a Friend.
Nearly half of 9- to 12-year-olds have used an AI chatbot, and many teens turn to one when they’re lonely or stressed. New York just banned bots from posing as human with kids. Here’s what the new research shows, what the law does, and why parents still have to lead.
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Microsoft Offers 60,000 Workers a Buyout. That Beats a Pink Slip.
Microsoft offered voluntary buyouts to about 60,000 employees, roughly 27% of its workforce, as it pours money into AI data centers. A voluntary exit beats mass layoffs, the AI bet belongs to shareholders, and Washington should stay out.
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Anthropic’s IPO Could Break Records. Read the Fine Print First.
Anthropic filed for what could be the biggest IPO ever. Letting ordinary investors own a piece of AI is a win for free markets, but the S-1 shows an $80.7 billion half-year loss, a public-benefit mission, and founders holding 50.1% of the votes.
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Wyden Wants a Data Center Tax. He Left the Rate Blank.
Sen. Ron Wyden wants a new data center tax. He also wants to stretch unemployment benefits for a wave of AI layoffs that hasn’t arrived yet. On Friday, Oct. 23, the top Democrat on the Senate Finance Committee released draft text for both ideas. There is just one problem. The draft doesn’t say how big…
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A Judge’s AI-Drafted Order Cited a Fake Case. Now He’s Off It.
The Fifth Circuit vacated Judge Henry Wingate’s injunction against Mississippi’s anti-DEI law after finding AI hallucinations in his orders, including a court case that does not exist. Here is what happened, and why a judge’s signature has to mean something.
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Big Tech Wants the Power. Your Family Shouldn’t Get the Bill.
Utilities in Michigan, Illinois, and Georgia are spending billions to power data centers. Families should not pay for grid upgrades built to serve Big Tech. Here’s the conservative fix.
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