Arm’s disappointing guidance for the current quarter has led to a sharp decline in its share price, raising concerns about a slowdown in artificial intelligence (AI) chip demand. The company reported robust quarterly earnings, with revenue and profit growth exceeding market expectations. However, CEO Rene Haas’ cautious outlook for the full year 2025 has sparked … Read more
A new bill, introduced by Senator Amy Klobuchar (D-MN), aims to require companies to disclose the use of algorithms when setting rental prices. The Preventing Algorithmic Collusion Act seeks to address the growing affordable housing crisis, with economists estimating that algorithmic price-fixing increased rents by nearly $4 billion in 2023. The bill directs the Federal … Read more
A medium-sized asteroid collision could drastically change the world, scientists warn. Researchers simulated what would happen if an asteroid about 500 meters in diameter hit Earth, which has a roughly 1-in-2700 chance of occurring by 2182. The study found that the impact would have dramatic effects on ecosystems, leading to food scarcity and issues. In … Read more
A growing interest in artificial intelligence (AI) has boosted optimism about cheap tech stocks from China, leading to a surge in the Hang Seng Tech Index. The index rose 2.9% on Friday, bringing its gains since a January low to over 20%. Key players including Xiaomi and Li Auto are among the main contributors to … Read more
Minnesota Vikings head coach Kevin O’Connell has been voted the 2024 Associated Press NFL Coach of the Year after receiving 25 first-place votes and 361 points. The honor comes as no surprise, given the team’s impressive 14-3 record and second-place finish in the NFC North. O’Connell led the Vikings through a tumultuous offseason, with quarterback … Read more
Beyoncé recently broke history by becoming the first Black woman to win album of the year and best country album at the 2025 Grammy Awards. Her achievement serves as a blueprint for economic empowerment, highlighting the importance of excellence in redefining industry standards. Economic power is often underestimated, but it moves markets more than any … Read more
A recent detection of bird flu in a stray cat in Half Moon Bay has prompted health officials to warn pet owners in San Mateo County about the risks. The infected cat, brought by its owner to a veterinarian, was found to have H5N1 virus. According to county officials, the infection is unrelated to an … Read more
Iconic surf shop brands Billabong, Quiksilver, and Volcom are closing over 100 stores in the US due to bankruptcy. The company Liberated Brands blames fast-fashion competition and a “volatile global economy” for its financial struggles. However, Authentic Brands, which owns these brands, plans to revive them by shifting focus to specialty stores, department stores, and … Read more
A team of astronomers has spotted a massive radio jet streaming from a quasar, a bright object dating back to the first 1 billion years of the universe. The jet is estimated to be at least 200,000 light-years across and is twice as wide as our Milky Way galaxy. The discovery was made possible by … Read more
Researchers at the University of Toronto and Caltech have created a new ultra-light yet incredibly strong material using artificial intelligence (AI). The material boasts the strength of carbon steel while being as light as styrofoam. For years, materials engineers relied on trial and error to optimize strength, weight, and durability. But AI is changing the … Read more