OpenAI CEO Sam Altman admits that AI’s benefits may not be widely distributed
In a new essay on his personal blog, OpenAI CEO Sam Altman said the company is open to a “compute budget,” among other “strange-sounding” ideas, to “enable everyone on Earth to use a lot of AI” and ensure the benefits of the technology are widely distributed. “The historical impact of technological progress suggests that most […]
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Amazon to acquire Indian fintech Axio in credit push
Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has held an equity stake in Axio for six years, signed the acquisition agreement […]
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Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research, after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy […]
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Bluesky is getting its own photo-sharing app, Flashes
More good news for those looking to exit Meta’s social app ecosystem in favor of a more open alternative: An independent developer is building a photo-sharing app for Bluesky called Flashes. The soon-to-launch app is powered by the same technology that underpins Bluesky, the AT Protocol, and has been built using code from the developer’s […]
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