Iran Rushes To Load Oil Onto Ships In Anticipation Of US Strikes

AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg. Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.” Bloomberg writes that the trend gained momentum after Block, Inc. — the...

Does Altman Molotov Attack Portend Pitchforks Over AI? Things might be going kinetic in the backlash against data centers and AI.  On Friday, a 20-year-old suspect set on burning down OpenAI headquarters was charged and arrested following a predawn Molotov cocktail attack on OpenAI CEO Sam Altman’s house in the Russian Hill neighborhood of San Francisco. OpenAI CEO Sam Altman’s home on Russian Hill in San Francisco, whose driveway is shown Friday, was the target of an incendiary device, police said. Lea Suzuki/S.F. Chronicle Daniel Alejandro Moreno-Gama, 20, from Texas, was arrested and booked into County...

Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans Back in November, amid mounting speculation that OpenAI's massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company's promised payments will be made good, OpenAI CFO Sarah Friar sparked a market selloff when amid an admission that OpenAI was “looking for an ecosystem of banks [and]...