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TechnologyArs Technica ·

US Senators Push to Ban Wildfire Prediction Markets Over Arson Fears

A group of US Senators is calling for a crackdown on prediction markets that allow people to bet on wildfire outcomes. Fire experts have raised concerns that such markets could financially incentivize individuals to start fires. The senators argue that allowing monetary gains tied to wildfire events poses a serious public safety risk. The push comes amid growing scrutiny of speculative markets that intersect with real-world disasters.

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TechnologyArs Technica ·

US Restores Part of Digital Equity Act After Court Ruling Limits Race Provision

The Trump administration had moved to eliminate the Digital Equity Act, a program designed to expand internet access and digital literacy across underserved communities. However, the administration was subsequently compelled to restore a portion of the program, valued at $1.25 billion. A federal judge ruled that a specific provision tied to race within the act was unconstitutional, limiting the scope of the restored program. The partial reinstatement reflects ongoing legal and political tensions over how federal equity programs can be structured and funded.

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TechnologyTechCrunch ·

SpaceX Has Purchased $329 Million Worth of Tesla Megapacks in 2024

SpaceX has acquired $329 million worth of Tesla Megapacks so far this year, highlighting the deep financial ties between Elon Musk's companies. Megapacks are large-scale battery energy storage systems manufactured by Tesla. The transaction underscores how SpaceX and Tesla, both led by Musk, increasingly do business with each other. This level of cross-company spending raises questions about the interconnected nature of Musk's corporate empire.

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TechnologyThe Verge ·

AMD Data Center Revenue Doubles to $6.7B as Gaming Sales Slide 31%

AMD reported record total revenue of $11.5 billion, a 50 percent year-over-year increase, in its latest quarterly earnings. The company's data center segment was the standout performer, more than doubling year-over-year to $6.7 billion, driven by surging demand for AI infrastructure. Data center sales now account for 58 percent of AMD's total company revenue, up from $3.2 billion in the same period last year. In contrast, AMD's gaming division struggled, with revenue falling 31 percent year-over-year to $779 million, weighed down by price increases and component shortages affecting consoles like the Xbox Series X/S, PS5, and Steam Deck.

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TechnologyBBC Tech ·

SpaceX Reports Loss and Heavy Spending in First Public Earnings

SpaceX has released its first-ever earnings report since going public, revealing a financial loss alongside significant spending. The disclosure marks a notable milestone as the company faces scrutiny over its financial performance. Investor enthusiasm that accompanied SpaceX's stock market debut has been difficult to sustain. The report highlights the substantial costs involved in running and expanding the private space company founded by Elon Musk.

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TechnologyThe Verge ·

xAI Revenue Triples to $2.6B but Division Still Lost $1.5B This Quarter

SpaceX's AI division saw its revenue grow more than threefold to $2.6 billion compared to the prior year, driven largely by compute deals with other AI firms. The division nonetheless posted a $1.5 billion loss this quarter, a marginal improvement over the same period last year. SpaceX secured compute agreements with Anthropic in May and Google in June, positioning it as a competitor to neoclouds like CoreWeave. The company has identified its AI division as the primary source of its overall value in documents related to a potential public offering. Growing AI ambitions are also pushing SpaceX to increase its capital expenditure in the sector.

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TechnologyNYT Technology ·

SpaceX AI Spending Surges Nearly 7x Year-on-Year in First Post-IPO Results

SpaceX reported a dramatic rise in capital expenditures in its first financial results since going public, with spending jumping nearly seven times compared to the same period a year earlier. The surge reflects the rocket company's heavy investment in artificial intelligence infrastructure. Revenue also increased during the reported period, signaling overall business growth. The results mark a significant financial milestone for Elon Musk's aerospace firm as it enters a new phase of public market scrutiny.

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TechnologyTechCrunch ·

SpaceX Doubles Revenue Driven by AI Compute Deals and Starlink Growth

SpaceX reported a doubling of its revenue compared to the same period last year, according to its first quarterly earnings release since the company went public in June. The strong financial performance was driven in part by compute infrastructure deals with AI firms Anthropic and Google. Starlink, the company's satellite internet service, also contributed significantly to the revenue growth. The earnings report marks a milestone as it is the first such disclosure since SpaceX transitioned to a publicly traded company.

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TechnologyArs Technica ·

Texas pauses data center grid connections as power demand surges

Texas has temporarily halted new data center connections to its power grid due to overwhelming electricity demand. The move comes despite Governor Greg Abbott previously promoting Texas as a premier destination for AI infrastructure and data centers. Rapid growth in the data center industry has placed significant strain on the state's power grid. Authorities are pausing new connections to manage grid stability and prevent potential overload. The decision highlights the growing tension between aggressive tech sector expansion and energy infrastructure capacity in Texas.

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TechnologyTechCrunch ·

Android Developers May Be Unknowingly Sharing User Location Data With Advertisers

New research suggests that Android app developers may be inadvertently sharing their users' location data with advertisers. The findings indicate that developers are likely unaware that this data sharing is taking place through their apps. This raises significant privacy concerns for Android users whose precise location information may be reaching advertising networks without their knowledge. The research highlights a gap in developer awareness around how third-party advertising integrations handle sensitive user data.

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TechnologyThe Verge ·

EA goes private in $55B deal led by Saudi Arabia's Public Investment Fund

Electronic Arts has officially transitioned to a private company after a $55 billion buyout deal closed on Tuesday. The acquisition is led by an investor group comprising Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners. PIF will hold approximately 93.4 percent ownership of the newly privatized company. The deal involves $20 billion in debt financing, making it the largest leveraged buyout in history. The significant financial burden is expected to drive major strategic changes at EA as the company works to justify the investment.

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TechnologyTechCrunch ·

Open-Weight AI Models Near Frontier Performance but Trail on Safety, Report Finds

A new report by SaferAI has found that Z.ai's open-weight model GLM-5.2 is approaching the capability levels of leading frontier AI systems. However, the model lacks several critical safety mitigations that are typically present in top-tier proprietary models. The findings raise fresh concerns about the pace at which powerful open-weight models are advancing relative to safety and governance frameworks. Researchers warn that without adequate safeguards, the rapid progress of open models could outstrip existing oversight mechanisms.

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TechnologyTechCrunch ·

Anthropic Signs $10 Billion Cloud Partnership Deal with AI Startup Volta

Anthropic has entered into a reported $10 billion agreement with AI cloud startup Volta, marking its latest major cloud partnership. The deal reflects the AI company's aggressive strategy of forging large-scale cloud collaborations in recent months. Volta, described as an AI-focused cloud startup, is the newest partner in Anthropic's expanding infrastructure network. The financial scale of the agreement underscores the growing investment appetite in AI cloud services.

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TechnologyTechCrunch ·

Wrinkles App Uses AI to Narrate Hidden Histories of Places Around You

Wrinkles is a new AI-powered mobile application available on both iOS and Android platforms. The app functions as an audio tour guide, surfacing local stories and lesser-known historical facts about the user's surroundings. It uses artificial intelligence to deliver this location-based historical content in an engaging, narrative format. The app aims to help users discover the hidden layers of history embedded in everyday places around them.

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TechnologyTechCrunch ·

Nvidia-led Open Secure AI Alliance hits 120 members, releases proposals in first week

The Open Secure AI Alliance, spearheaded by Nvidia, has surpassed 120 member companies just one week after its formation. The industry group was established to address security concerns surrounding artificial intelligence systems. Within its first week, the alliance has already published proposals aimed at defending against threats posed by AI agents. The rapid growth and early output signal strong industry momentum behind developing shared AI security standards.

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TechnologyThe Verge ·

Telegram CEO claims extortionist planted CSAM to trigger App Store removal

Telegram CEO Pavel Durov alleges that an extortionist deliberately planted child sexual abuse material in a public chat to pressure Apple into removing the app. Apple pulled Telegram from its App Store on Monday night without first contacting the company, according to Durov. He warned that the incident exposes a systemic vulnerability for any app hosting user-generated content, saying no app is safe if one used by over a billion people can be removed without prior notice. Durov accused the extortionists of manipulating Apple into overreacting to the planted content. Apple had not responded to media requests for comment at the time of reporting.

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TechnologyNYT Technology ·

New Jersey Sues Amazon for Allegedly Suppressing Delivery Driver Pay

New Jersey's attorney general filed an antitrust lawsuit against Amazon on Tuesday. The suit alleges that Amazon has been abusing its dominant market position to artificially suppress wages for delivery drivers. According to the complaint, the company's alleged conduct was aimed at keeping its delivery operational costs low. The lawsuit marks a significant legal challenge by a state government against the e-commerce giant's labor practices.

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TechnologyThe Verge ·

OpenAI's First Influencer Brand Trip Draws Public Backlash

OpenAI organized what was described as its first-ever brand trip, inviting a group of social media influencers on an all-expenses-paid outing. The trip came to light over the weekend when participating influencers began posting about the experience online. Unlike typical brand trips associated with fashion or beauty companies, the event marked a notable move by a major AI firm into influencer marketing. The campaign drew criticism from the public, who questioned the appropriateness and tone of the promotional effort. The backlash highlighted the risks companies face when blending corporate AI branding with influencer culture.

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TechnologyThe Verge ·

Lenovo Legion Go S SteamOS handheld hits record-low price of $635

Lenovo is offering its Legion Go S handheld gaming console with SteamOS at $635.54 using the code EXTRASAVEAFF at checkout, down from its usual price of over $1,100. This marks the lowest price recorded for this particular model, which normally sells for close to $1,000 at Best Buy. The device, released in 2024, features an AMD Z2 Go processor, an 8-inch 120Hz IPS display with variable refresh rate, and runs SteamOS, which reviewers found more user-friendly than its Windows counterpart. Performance is comparable to the pricier OLED Steam Deck, making it a capable option for indie titles and demanding games at reduced settings. The deal comes amid broader concerns about rising memory and storage prices affecting gaming hardware costs.

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