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News
Forum puts power, talent at center of southwest chip push
4+ min ago (669+ words) South Korea’s plan to establish a major semiconductor production base in the southwest is taking shape, with government officials and industry experts saying it...
Forget NVDA: Peter Thiel's New $419 Million Portfolio Bets Big on the Power Behind AI
1+ day, 3+ hour ago (41+ words) Peter Thiel‘s investment firm, Thiel Macro LLC, disclosed a $418.67 million equity portfolio across eight companies in the second quarter, bypassing semiconductor manufacturers to allocate capital toward electrical grid operators, nuclear developers, tech infrastructure, and conventional energy. Rebuilding Capital in......
Goldman Sachs came to own 680,000 acres of Tierra del Fuego when a timber company's debt went bad — and instead of selling, the bank gave all of it away to a wildlife society, and forests once marked for clear-cutting became one of Chile's largest private nature reserves
15+ min ago (26+ words) Investment banks acquire strange things when loans go bad. In 2002, Goldman Sachs bought a portfolio of distressed debt — the kind of bulk purchase of soured...
Learning from first principles
23+ min ago (431+ words) Enterprises and large coorporations manage tens of millions of requests daily. what this implies is that the need for deep understanding of systems and engineering foundations in becoming increasingly important. people like to say things like Coding is Solved or…...
Your Own Agent Roadmap — From Safety Net to Autonomous Discovery
38+ min ago (564+ words) The state where memory (Chapter 3), hook gates (Chapter 4), and the auditor (Chapter 6) are in place. The AI hasn't become more capable — what's been built is an environment where it's hard to be wrong. Graduation criteria: the recurrence rate of the…...
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 3+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
AI Startup Discovery Loop, founded by former Google Chief Scientist Jeff Dean, seeks to raise funds at $50 bn valuation
55+ min ago (303+ words) Discovery Loop, an artificial intelligence (AI) startup founded by Jeff Dean, a former chief scientist at Google, is seeking to raise funds again at a valuation of $50 billion. According to the report, the terms of the deal remain subject to…...
AI is turning agriculture into a predictive industry, but can farmers trust the predictions?
59+ min ago (230+ words) A farmer in western India, contracted to supply a large food company, received a message through his field agent last season. His expected yield for the coming harvest had been estimated. The quality of his produce, based on the practices…...
Oracle's AI Chips Ran 97.9% Utilized Last Quarter. For Nvidia, That Is What a Shortage Looks Like.
11+ hour, 59+ min ago (697+ words) Most of those chips are Nvidia's. Oracle's cluster design for its biggest AI deployments connects hundreds of thousands of Nvidia GPUs, and its largest planned builds target up to 800,000 of them. So while Nvidia didn't report this week, a company…...
OpenAI and Anthropic workers are about to learn the hidden challenge of becoming overnight millionaires
2+ mon, 2+ week ago (1170+ words) When OpenAI and Anthropic hit the public markets, a whole lot of employees are going to become gobsmackingly rich. That means it's time for some high-stakes financial planning. Both AI labs recently filed initial paperwork to go public, preparing to…...