Posts by Amelia Frost
Stripe Wants To Buy PayPal In A $53 Billion Deal, Sending Its Shares Soaring.
PayPal shares surged Wednesday after Stripe and private equity firm Advent International submitted a joint offer worth more than $53 billion for the company that helped bring digital payments into mainstream online commerce. The proposed acquisition would pair two companies associated with different periods of the internet economy. PayPal emerged in the late 1990s and…
Read MoreAnthropic Has Warned AI Could End Civilization. Now They’re Hiring People to Prevent Exactly That.
Artificial intelligence company Anthropic is expanding its safety workforce with dozens of highly specialized positions aimed at preventing its own technology from being misused for some of the world’s most dangerous threats. According to an Axios report, Anthropic currently has 32 openings focused on AI safety and misuse prevention. The roles include enforcement analysts specializing…
Read MoreSam Altman Says Demand For ChatGPT’s New Sol Model is Surging. It May Be Causing Some Issues
OpenAI CEO Sam Altman has warned that users of the company’s newly released GPT-5.6 Sol model may encounter problems as demand for the flagship system puts pressure on OpenAI’s infrastructure. The warning came less than a week after OpenAI made Sol broadly available through ChatGPT, Codex and its developer platform. The model sits at the…
Read MoreThe U.S. Approved the Export of AI Chips to China. Now A Top Trade Official Says ‘Very Few’ Made It.
A senior Commerce Department official told Congress that the United States has approved only a limited number of shipments of Nvidia’s H200 artificial intelligence chips to China and Hong Kong. Jeffery Kessler, the U.S. Under Secretary of Commerce for Industry and Security told lawmakers during a congressional hearing on Tuesday that shipments of Nvidia’s H200…
Read MoreElon Musk Promised People In Wisconsin $1 Million To Vote. Now He Might Face Criminal Charges For It
Elon Musk might have violated Wisconsin election laws when he offered $1 million checks to voters during a state Supreme Court election in 2025, a commission ruled. CBS News reported that the Wisconsin Elections Commission voted 5 to 1 to refer two complaints filed by voters to the Brown County District Attorney’s office. Specifically, the…
Read MoreInflation Rose Less Than Expected Last Month. Now a Top Trump Official Says The Fed Must Act Accordingly
National Economic Council Director Kevin Hassett said there is no argument to raise interest rates after inflation rose less than expected in June. “There’s not really an excuse for raising rates right now,” Hasset told CNBC. He went on to say that the Fed will now be “thinking the other way,” in reference to lowering…
Read MoreInflation Cooled More Than Expected In June. Now a Fed President Says Price Increases Have ‘Peaked’
New York Federal Reserve President John Williams said he sees multiple signs that inflation has peaked, something that would allow policymakers to refrain from hiking interest rates. “There are encouraging reasons to expect that inflation has peaked and should edge down in coming quarters,” Williams told business leaders. He went on to say he expects…
Read MoreTrump Reportedly Holds Key Meeting To Decide How Much To Escalate In Iran
President Donald Trump held a meeting in the Situation Room to decide on the next course of action in Iran, according to a new report. Axios detailed that Trump was joined by his top national security team, including Vice President JD Vance, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, Chairman of the Joint…
Read MoreInflation Cools More Than Expected. Traders Now Think the Fed Will Hold Rates Steady in July
Financial markets sharply reduced expectations that the Federal Reserve will raise interest rates later this month after new government data showed inflation eased more than economists anticipated in June. According to data released Tuesday by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 3.5% over the past 12 months through June,…
Read MoreU.S. Workers Are Becoming More Productive Than Ever. Economists Say AI Isn’t the Main Reason Yet
American workers are producing more output than they have in decades, but economists say artificial intelligence is not yet the primary force behind the surge, a new report shows. Instead, a combination of digital transformation, remote work, tight labor markets and years of technological improvements appears to be driving one of the strongest periods of…
Read MoreU.S. Seismologist Visited China To Study North Korean Nuclear Tests. Now He Is Accused Of Spying And Faces Life In Prison
A Chinese-born U.S. citizen and seismologist faces spying charges in China for detecting and analyzing North Korean nuclear tests. Reuters reported that Youlin Chen, 54, has been detained for two years in China and is expected to be tried on spying charges, potentially facing life in prison. Eric Lebson, a former U.S. national security official…
Read MoreGoogle DeepMind’s Demis Hassabis Wants A New AI Watchdog. He Says The U.S. Should Lead It.
As governments race to keep pace with increasingly powerful artificial intelligence systems, one of the industry’s most influential executives is urging the United States to establish a formal oversight body to evaluate the world’s most advanced AI models before they reach the public. The proposal comes amid heightened scrutiny of frontier AI following recent government…
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