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Here's how the CoreWeave sell-off is affecting OpenAI vs. Anthropic valuations
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SpaceX AI policy leader grilled by NYC Council on Grok safety, sexualized images
SpaceX head of global government affairs for AI Gabriela Castillo Madrid faced critical questions from the New York City Council on Friday.
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Rolling coverage of the latest economic and financial news John Healey poised to raise taxes on banks in budget Elsewhere in the markets today, South Korea’s Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week. Although the Kospi did rise today (+2%), it was still a bad week for technology stocks – as investors worried about the borrowing, spending commitments and future profitability of AI companies. The reality is that while companies embraced AI aggressively as it first emerged, now they are figuring out how to use it effectively while keeping AI costs under control. A slowing, more careful, path towards corporate adoption has been missed by the market which remained wildly frothy about valuations. “A UK bank tax risk is now a base case. If it is confirmed on 28 October, it’ll be the size and timing that will be key. If Healey does go ahead,
OpenAI Saudi national bugging case shows threat to U.S. leadership in AI: DNI Clayton
AI "amplifies" existing cybersecurity risks toward U.S. digital infrastructure, Clayton said on "Squawk Box."
Sickle cell gene therapies offer new hope, but access remains a major challenge
FDA-approved gene therapies for sickle cell disease offer a chance to help patients, but factors including cost and access have slowed their use.
E.l.f. Beauty CFO Mandy Fields on consumers, pricing and building a foundation in cosmetics
Mandy Fields, E.l.f. Beauty CFO, says E.l.f. is staying true to its mission of making beauty accessible and is using social media to create brand awareness.