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Showing posts from May, 2026

Wells Fargo says the war in Iran is inflating the AI bubble

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Michael M. Santiago/Getty Images The Iran war is further inflating the AI bubble, Wells Fargo says, Though the ceasefire has held, there's little evidence a peace deal and reopening of the Strait of Hormuz are near. Wells Fargo sees the bubble inflating more, but isn't bearish. "Don't fight the tape. Own AI." The war in Iran has only fueled the AI bubble, Wells Fargo analysts said. The firm warned clients in a note that as the Strait of Hormuz is effectively closed, the AI trade bubble will keep inflating, but they don't believe that means it's time to sell AI or that a bubble is close to bursting. "There will be a breaking point, but until then, a closed strait actually fuels the AI bubble trade, in our view," the analysts said in a May 12 note, explaining, "You can't own anything but AI - that's how a bubble forms."' In a more recent note this week, Wells Fargo said, "We believe the closed Strait contributed to the A...

Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg)

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Alberto Nardelli / Bloomberg : Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages   —  The European Union will propose temporarily lifting sanctions on a major Chinese semiconductor supplier after automakers warned … from Techmeme https://ift.tt/fciQaRA

August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE)

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Kyt Dotson / SiliconANGLE : August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures   —  August Robotics Ltd., a robotics automation company for construction and industrial applications, today announced it raised $30 million in new funding led by Big Pi Ventures. from Techmeme https://ift.tt/5QcThOG

What investors need to know about the SEC's plan to allow tokenized stock trading

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Benoit Tessier/Reuters The SEC is working on a framework to allow for 24/7 trading of tokenized stocks. Stock tokens would track the price of actual shares, offering more liquidity and faster settlement. The idea offers some advantages for traders, but there are risks, market pros say. A plan in the works from the Securities and Exchange Commission could reshape stock trading in the US. Bloomberg reported this week that the SEC is gearing up to let investors trade tokenized stocks , issuing an "innovation exemption" for the cryto-like assets that would create a new 24/7 market that's parallel to the existing stock market. So, what's that mean exactly, and what should investors know? "An example could be a tokenized version of Apple or Nvidia would be a blockchain-based asset designed to track or represent the underlying stock," Shay Boloor, chief market strategist at Futurum Equities, told Business Insider. Crypto enthusiasts have said any real-world asse...

Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use (The Guardian)

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The Guardian : Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use   —  Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize from Techmeme https://ift.tt/p46xe0E

Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform (Jacob Passy/Wall Street Journal)

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Jacob Passy / Wall Street Journal : Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform   —  Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use from Techmeme https://ift.tt/gWt7f4P

Google overhauls its search box, letting users ask longer queries, upload photos and videos, and use Gemini 3.5 Flash-powered agents to automate searches (New York Times)

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New York Times : Google overhauls its search box, letting users ask longer queries, upload photos and videos, and use Gemini 3.5 Flash-powered agents to automate searches   —  Powered by a new Gemini A.I. model, the tech giant is overhauling its search box to answer longer queries, introducing a video-generation … from Techmeme https://ift.tt/2vPe9lY

Google rolls out Gemini 3.5 Flash, its "strongest agentic and coding model yet", for tackling long-horizon agentic tasks, in the Gemini app and Search's AI Mode (The Keyword)

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The Keyword : Google rolls out Gemini 3.5 Flash, its “strongest agentic and coding model yet”, for tackling long-horizon agentic tasks, in the Gemini app and Search's AI Mode   —  Gemini 3.5 is built to help you execute complex, agentic workflows.  —  Today, we're introducing Gemini 3.5 … from Techmeme https://ift.tt/N4AD7Vv

Sundar Pichai says Google is now processing 3.2 quadrillion tokens per month, up from 480T tokens per month a year ago and 9.7T tokens per month two years ago (Ina Fried/Axios)

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Ina Fried / Axios : Sundar Pichai says Google is now processing 3.2 quadrillion tokens per month, up from 480T tokens per month a year ago and 9.7T tokens per month two years ago   —  Google used its I/O developer conference on Tuesday to showcase how deeply it plans to embed AI across its products … from Techmeme https://ift.tt/i8XzFk9

Elon Musk loses lawsuit against Sam Altman and OpenAI after jury rules he waited too long to sue

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Elon Musk and Sam Altman. Getty Images A federal jury found Sam Altman , Greg Brockman, and OpenAI not liable in Elon Musk's lawsuit. They ruled that the Tesla CEO waited too long to bring the case, missing the statute of limitations. Musk accused Altman of illegally turning OpenAI into a for-profit venture with Microsoft's help. A jury on Monday found Sam Altman and OpenAI not liable in a blockbuster lawsuit Elon Musk brought against them. The jurors in an Oakland, California, courtroom cleared the OpenAI CEO, its president, Greg Brockman , and OpenAI itself of Musk's allegations that they scammed him of early charitable contributions by operating OpenAI as a for-profit venture. They ruled that the Tesla CEO knew about the details he described in his lawsuit as far back as 2021, but waited too long and missed the legal deadlines to bring his claims. The jurors also found Microsoft not liable for "aiding and abetting" Altman and Brockman to violate charity laws...

Seagate shares drop 9%+, leading a group-wide sell-off after comments from its CEO raised concerns it won't be able to meet demand fueled by the AI buildout (CJ Haddad/CNBC)

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CJ Haddad / CNBC : Seagate shares drop 9%+, leading a group-wide sell-off after comments from its CEO raised concerns it won't be able to meet demand fueled by the AI buildout   —  Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns … from Techmeme https://ift.tt/6BXGzp2

Sigma, which sells a cloud-native analytics platform that sits on top of data warehouses, raised an $80M Series E led by Princeville Capital at a $3B valuation (Cristian Dina/The Next Web)

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Cristian Dina / The Next Web : Sigma, which sells a cloud-native analytics platform that sits on top of data warehouses, raised an $80M Series E led by Princeville Capital at a $3B valuation   —  The round was led by Princeville Capital, with new strategic investors Databricks Ventures, ServiceNow Ventures, and Workday Ventures also participating. from Techmeme https://ift.tt/o3XfL1Q

Musk v. Altman: the jury unanimously rejects Elon Musk's claims against Sam Altman, finding that the claims were filed outside of the statute of limitations (CNBC)

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CNBC : Musk v. Altman: the jury unanimously rejects Elon Musk's claims against Sam Altman, finding that the claims were filed outside of the statute of limitations   —  After less than two hours of deliberations, a jury on Monday rejected Elon Musk's claims against OpenAI CEO Sam Altman … from Techmeme https://ift.tt/LNpk1lF

Analysis: 34 leading AI startups are generating ~$80B in annualized revenue, up 112% from six months ago, with Anthropic and OpenAI capturing 89% of the revenue (The Information)

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The Information : Analysis: 34 leading AI startups are generating ~$80B in annualized revenue, up 112% from six months ago, with Anthropic and OpenAI capturing 89% of the revenue   —  Anthropic and OpenAI are widening the revenue gap between themselves and the rest of the AI startup field. from Techmeme https://ift.tt/82FMeXy

I was burned out postpartum. A trip taught me how to embrace community and changed how I parent.

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The author says a two-month trip to India made her realize she needed community. Courtesy of the author We went to India to introduce our son to family, and ended up healing our own burnout as new parents. Two months of community support showed us how much we were missing by parenting in isolation. We learned to trust our instincts, embrace flexibility, and lean on others for support. Six months postpartum , I collapsed on the floor after work, exhausted from eczema-driven nighttime wake-ups and the thought of another day. After third-degree tearing, iron infusions, and mood struggles, I was running on empty. As my son's first birthday neared, nights slowly improved, but daytime exhaustion ramped up as his mobility increased. My husband and I had hit a wall. Needing a reset and for our new son to meet the family, we booked a two-month trip to India . We had family support Two layovers and three flights later, we touched down in Bagdogra in the Himalayan foothills. Stepping from ste...

Grafana says hackers have accessed its GitHub environment and demanded a ransom to prevent the release of its codebase; Grafana refused to pay (The Hacker News)

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The Hacker News : Grafana says hackers have accessed its GitHub environment and demanded a ransom to prevent the release of its codebase; Grafana refused to pay   —  Grafana has disclosed that an “unauthorized party” obtained a token that granted them the ability to access the company's GitHub environment and download its codebase. from Techmeme https://ift.tt/T7srLat

Analysis: mass adoption of smartphones and social media may be a primary driver of declining birthrates globally, in part by reducing in-person socializing (John Burn-Murdoch/Financial Times)

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John Burn-Murdoch / Financial Times : Analysis: mass adoption of smartphones and social media may be a primary driver of declining birthrates globally, in part by reducing in-person socializing   —  The demographic landslide defining our era is gaining speed — and terrain.  In more than two-thirds of the world's 195 countries … from Techmeme https://ift.tt/8gfMlJy

SF vibes are frenetic over the huge divide in outcomes and career uncertainty for software engineers; over 5 years ~10K people in AI attained retirement wealth (Deedy/@deedydas)

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Deedy / @deedydas : SF vibes are frenetic over the huge divide in outcomes and career uncertainty for software engineers; over 5 years ~10K people in AI attained retirement wealth   —  The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen. Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope from Techmeme https://ift.tt/ew3QAVX

My daughter is a 'trinket kid.' Her collections are taking over our house.

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The author says she has a trinket kid. Courtesy of the author I have a trinket daughter, as mom influencers have been sharing on TikTok. The collecting and arranging began when she was a toddler. The fact that her collections cover every surface can get overwhelming sometimes. Recently, I saw a TikTok video by a mom about her trinket daughter . She panned over her 5-year-old's collections of tiny treasures all across her bedroom. It could have been my daughter's room. Or let's be honest, my entire house right now. My daughter has been a collector (or hoarder, depending on how you look at it) of tiny treasures since she was a toddler. The collecting of tiny objects began when she was a toddler My daughter was only 1 when we noticed her propensity for collecting small items from around the house, sometimes toys, sometimes not, and then arranging them. There was the play kitchen canister, topped by a swim diaper and crowned with a stuffed pineapple, which appeared on the co...

ASML will partner with Tata Electronics to help it bring an $11B 300mm chip factory online in Gujarat, expanding India's ability to produce chips domestically (Bloomberg)

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Bloomberg : ASML will partner with Tata Electronics to help it bring an $11B 300mm chip factory online in Gujarat, expanding India's ability to produce chips domestically   —  ASML Holding NV entered into a partnership agreement with Tata Electronics Private Limited aimed at ramping up India's goal … from Techmeme https://ift.tt/hzIuiem

We tested TA3's viral waist-cinching swimsuits

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When you buy through our links, Business Insider may earn an affiliate commission. Learn more Here are three of our editors wearing (from left to right) the Plungey, the Brazillian Bombshell, and the Lifty. Jaclyn Turner, Samantha Crozier, Sally Kaplan/Business Insider We tested TA3's viral swimsuits and newer apparel with editors across a range of body types, fit needs, and style preferences to see whether the brand lives up to the hype. TA3 first drew attention after founder Leila Shams appeared on Shark Tank to demonstrate the waist-sculpting effect of her designs, then gained even more momentum on TikTok, where videos of shoppers tightening the corset-style back lacing racked up millions of views. With that kind of buzz, we wanted to find out how the pieces actually perform beyond the dramatic mirror reveal. In our testing, TA3 stood out for its supportive construction, curve-enhancing fit, and high-impact, confidence-boosting silhouettes. The brand's pieces are undeniab...

ArXiv, the repository of preprint academic research, says it will ban authors for a year if their papers have "incontrovertible evidence" of AI-generated work (Samantha Cole/404 Media)

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Samantha Cole / 404 Media : ArXiv, the repository of preprint academic research, says it will ban authors for a year if their papers have “incontrovertible evidence” of AI-generated work   —  The change comes as arXiv and others struggle to manage an influx of AI-generated materials masquerading as rigorous science. from Techmeme https://ift.tt/JM9d65q

OpenAI memo: Greg Brockman says he will lead product strategy as part of a reorg, folding ChatGPT, Codex, and developer-facing API into one core product team (Maxwell Zeff/Wired)

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Maxwell Zeff / Wired : OpenAI memo: Greg Brockman says he will lead product strategy as part of a reorg, folding ChatGPT, Codex, and developer-facing API into one core product team   —  OpenAI is once again reorganizing its executive ranks as part of its effort to unify ChatGPT and Codex into one core product experience. from Techmeme https://ift.tt/7VW51of