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HSBC’s recent analysis of the financial challenge facing OpenAI shows how massive the scale of the company’s thinking is. It already claims revenues of $20 billion. It has committed to $1.4 trillion in building out the new data centers that will feed its ChatGPT interface. And even if it can generate $200 billion-plus in revenues … Read more
The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain. More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a … Read more
In the first week of January, every gym in the country is filled with people who have decided that this is the year they will transform their health. They’ll eat better. They’ll get more sleep. They’ll workout daily. By February, most of these newcomers are nowhere to be seen. Transforming multiple health behaviors at once … Read more
Technically speaking, an engine is a device that converts some form of energy into mechanical energy. Taking that definition to heart, physicists harnessed the strange rules of microscopic physics and created the hottest engine ever—which also happens to be the smallest engine ever made. In a forthcoming paper for Physical Review Letters, researchers describe a … Read more
Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025. Stefan Wermuth | Bloomberg | Getty Images Anthropic on Wednesday announced Claude Haiku 4.5, a small artificial intelligence model that’s available as a lower-cost offering for all of the company’s users. The model is fast and can outperform other … Read more
The federal electric vehicle (EV) tax credit expires at midnight, ending a 17-year policy pillar that helped close the price gap with gasoline vehicles and turbocharged adoption; the immediate fallout is likely softer demand, leaner EV production, and a strategic pivot by legacy automakers toward hybrids and profitable ICE (internal combustion engine) nameplates, while stopgap … Read more
The original version of this story appeared in Quanta Magazine. The Chinese AI company DeepSeek released a chatbot earlier this year called R1, which drew a huge amount of attention. Most of it focused on the fact that a relatively small and unknown company said it had built a chatbot that rivaled the performance of … Read more
YouTube’s “Hype” feature, which allows fans to help their favorite creators get discovered, is rolling out globally, the company announced Tuesday. First introduced at Google’s Made On YouTube event in 2024, the feature — a dedicated button that appears below the existing “like” button — will become available on videos from creators with fewer than … Read more
Banks are trying to navigate a tricky balance when it comes to AI adoption. Move too slow, and risk being overtaken by more nimble rivals—but move too fast, and one mishap could destroy one’s reputation as a responsible financial actor. Craig Corte, global head for digital, data and coverage platforms for corporate and investment banking … Read more
U.S. President Donald Trump speaks during the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025. Nathan Howard | Reuters U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their U.S. tariff rates would go out soon, adding that his administration would likely set a tariff of … Read more
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