As US firm worry about AI returns, tech CEO says: AI right now works only for coding

SoftBank sinks 10% as Asia tech stocks tumble, tracking Wall Street losses

Asian semiconductor and technology stocks resumed their slide Wednesday, tracking overnight losses on Wall Street after a brief rebound in chipmakers lost steam amid lingering concerns over stretched artificial intelligence-related valuations. Japan's Softbank Group plunged 10% amid a broader decline in tech names and after efforts to secure at least $6 billion through a margin loan backed by its OpenAI stake hit a snag, according to Bloomberg News. The Japanese tech investment giant is...

ASML’s Surge Masks Lowball Valuation Relative to Peers

Seattle is close to approving a year-long ban on large data centers

Seattle is close to approving a year-long ban on large data centers The mayor is expected to sign the moratorium soon. The Seattle City Council has unanimously approved a moratorium on the construction of new large AI data centers for one year. Mayor Katie Wilson has yet to sign it, but according to the Seattle Times, she was looking forward to doing so.

Chinese activist in UK told by X that abusive deepfakes do not breach rules

Apple Peiqing Ni targeted by account portraying her as promiscuous drug addict after posting about Tiananmen SquareA high-profile Chinese activist in the UK who was inundated with deepfake posts on X portraying her as a sexually promiscuous drug addict was told that the abuse did not breach the rules of Elon Musk’s platform. Apple Peiqing Ni, the 27-year-old founder of the UK-based China Dissent Network, had been advised by UK police to complain to the US-headquartered platform after she was...