Anthropic's new AI has banks, tech giants and governments scrambling to understand what could change for cybersecurity and the future of the internet. We show why its Mythos model is raising alarms. (Source: Bloomberg)
Anthropic's new AI has banks, tech giants and governments scrambling to understand what could change for cybersecurity and the future of the internet. We show why its Mythos model is raising alarms. (Source: Bloomberg)
Jonathan Kitchen Amid the insatiable demand for computing power, xAI ( X.AI ) appears likely to rent some of its capacity to artificial intelligence startup Cursor, Business Insider reported. Cursor is likely to train its latest AI model, known as Composer 2.5, on “thousands” of GPUs that xAI has obtained from suppliers, such as Nvidia ( NVDA ), the news outlet reported. The move could position xA...
Jonathan Kitchen Amid the insatiable demand for computing power, xAI ( X.AI ) appears likely to rent some of its capacity to artificial intelligence startup Cursor, Business Insider reported. Cursor is likely to train its latest AI model, known as Composer 2.5, on “thousands” of GPUs that xAI has obtained from suppliers, such as Nvidia ( NVDA ), the news outlet reported. The move could position xAI, which is now a part of SpaceX ( SPACE ), as a potential alternative to the hyperscalers, such as Microsoft ( MSFT ) and Google ( GOOGL ) ( GOOG ), and the neo-clouds, such as CoreWeave ( CRWV ) and Nebius ( NBIS ), the news outlet added . It could also boost xAI's revenue streams as SpaceX reportedly prepares to go public amid high investor expectations. Elon Musk, who co-founded xAI a few years ago, apologized in March for not building xAI “right” and said it was being rebuilt. Cursor, which reportedly hit $2B in annual recurring revenue last month, is in talks to raise additional funding that would value the AI coding company at $50B. Neither xAI nor Cursor immediately responded to a request for comment from Seeking Alpha. More on xAI and SpaceX SpaceX 600x Earnings: I'm Calling It A Strong Buy Anyway Can Any Investor Actually Value SpaceX? SpaceX IPO: What I Learned From ULA's Heydays U.S. Navy drone tests expose risks of heavy reliance on SpaceX’s Starlink Musk’s Terafab taps Applied Materials, Tokyo Electron, Lam Research in chip push: report
E-bikes have started to blur what was once a basic feature of cycling: you push the pedals, which turns the wheels. Now, with throttles, you only have to pedal some of the time. And in mid-drive motors, the force you generate through pedaling is routed through a complex set of gearing and is merged with a motor's output. The once-direct connection between your legs and the rear wheel has become mu...
E-bikes have started to blur what was once a basic feature of cycling: you push the pedals, which turns the wheels. Now, with throttles, you only have to pedal some of the time. And in mid-drive motors, the force you generate through pedaling is routed through a complex set of gearing and is merged with a motor's output. The once-direct connection between your legs and the rear wheel has become much less straightforward. An electric bicycle startup called Also wants to obliterate that connection entirely. When you pedal its bike, you're turning a generator. The power you produce, perhaps with additional juice from a battery, is sent to a motor, which turns the wheels. How much this feels like a normal bicycle is determined entirely by software, which controls crank resistance and converts the force you're generating into motor power. Also says its software will convince you that you're just pedaling a regular old bike most of the time. And when it doesn't feel like that, it's because the software can provide a better experience. Read full article Comments
Shipowners and charterers are struggling to agree on who should take on the risk of crossing the Strait of Hormuz, meaning relatively few vessel bookings are occurring. It’s a reminder that, seven weeks into Middle East conflict, shipping goods through the world’s most important energy chokepoint remains intolerably risky for most operators. At least two oil companies with barrels available inside...
Shipowners and charterers are struggling to agree on who should take on the risk of crossing the Strait of Hormuz, meaning relatively few vessel bookings are occurring. It’s a reminder that, seven weeks into Middle East conflict, shipping goods through the world’s most important energy chokepoint remains intolerably risky for most operators. At least two oil companies with barrels available inside the Persian Gulf have sought to charter tankers in recent days, insisting that the shipowners should guarantee they will load on time, successfully cross Hormuz and reach their destination without delays, according to people who saw the requests. One shipowner and several shipbrokers said the demands were unrealistic. Some owners are also asking for clauses that would be onerous for charterers, according to shipbrokers. The gap between the two sides means that barely any agreements are being reached to load oil inside the Persian Gulf. “Both sides want the other side to warrant the risk and nobody is budging,” said Halvor Ellefsen , a London-based director at Fearnley’s Shipbrokers UK Ltd. “Many owners ask for big fees in case of cancellation and being paid for potential waiting, which has been a non-starter.” While Hormuz has been effectively blocked by both Iran and the US, a smattering of ships have made their way through. Some have done so by transiting close to the coast of Iran or Oman, or switching off their satellite transponders to make their voyages difficult to detect. Until the standoff between charterers and shipowners eases, there’s little hope of a wholesale resumption of shipping flows through Hormuz. Whoever takes on the burden associated with sailing through Hormuz could pay a high price. Last month, the Baltic Exchange in London told brokers that when they assess vessel-hire costs for a tanker carrying oil from Persian Gulf to China, they must include the risk premium. The current rate is about $475,000 a day, compared with about $160,000 before the war ...
The war in Iran that triggered a record oil spike and sent financial assets around the globe careening seems like a distant memory to investors — even before it’s over. Stock market indexes are back at all-time highs . Big Tech is in the driver’s seat again. A former sneaker company’s foray into artificial intelligence yielded a 582% gain in a single day. And perhaps most importantly, retail trade...
The war in Iran that triggered a record oil spike and sent financial assets around the globe careening seems like a distant memory to investors — even before it’s over. Stock market indexes are back at all-time highs . Big Tech is in the driver’s seat again. A former sneaker company’s foray into artificial intelligence yielded a 582% gain in a single day. And perhaps most importantly, retail traders are diving back into the action, as shares favored by mom-and-pop investors are on track for their best month relative to those preferred by mutual funds since November 2020. “Animal spirits didn’t just return, they came back swinging,” said Dave Mazza , chief executive officer at Roundhill Investments. The retail crowd’s buy-the-dip instinct broke when oil spiked at the start of the conflict, exacerbating the selloff in the stock market. “Once the ceasefire hit, the core narratives around AI and innovation snapped back into focus, and retail favorites, particularly those with high volatility, started leading the market higher out of the bottom,” Mazza said. The S&P 500 eclipsed 7,000 points on Wednesday, notching its first record since late January. Its 11% gain since March 30 reversed a selloff that had pushed the gauge close to a correction. Underneath the surface, individual investors are showing signs of euphoria again, with a Goldman Sachs Group Inc. basket of stocks most favored by retail investors up 22% since late March. Quantum computing stocks are soaring, as IonQ Inc. , D-Wave Quantum Inc. and Rigetti Computing Inc. , known for their parabolic moves, have all gained more than 40% this month. The Roundhill Meme Stock ETF, known by its ticker MEME , is has jumped 51% since March 31. The sentiment turn comes as the US and Iran consider extending their ceasefire for two weeks and market expectations for an end to the conflict rise. Global stock exchanges are erasing their wartime losses despite extensive damage to the Persian Gulf energy infrastructure and the ef...
South_agency/iStock via Getty Images Meta Platforms ( META ) is raising the cost of its Quest virtual reality headsets to compensate for the increased cost of memory chips. “We’re making this change because the cost of building high-performance VR hardware has risen significantly,” the company said on its website . “The global surge in the price of critical components—specifically memory chips—is ...
South_agency/iStock via Getty Images Meta Platforms ( META ) is raising the cost of its Quest virtual reality headsets to compensate for the increased cost of memory chips. “We’re making this change because the cost of building high-performance VR hardware has risen significantly,” the company said on its website . “The global surge in the price of critical components—specifically memory chips—is impacting almost every category of consumer electronics, including VR.” Beginning April 19, the price of the Meta Quest 3S (128 GB) and Meta Quest 3S (256 GB) will go up $50 to $349.99 and $449.99, respectively, and the cost of the Meta Quest 3 (256 GB) will increase by $100 to $599.99. Updated pricing will also apply to refurbished units. While Meta ( META ) reassured its customers that it remains committed to investing in VR and “leading the category,” the company recently cut 10% of its Reality Labs staff amid a pivot from virtual reality to generative artificial intelligence. More on Meta Wall Street Lunch: Big Banks Open Earnings Season With Mixed Results Meta Strikes Back Meta Has Found Its AI Footing Mar Vista U.S. Quality Premier adds Ecolab, GE Vernova, QXO, exits Salesforce, SAP Broadcom's deal with Meta boosts confidence in AI ramp: analysts
The stars continue to align for Wall Street. The iShares MSCI USA Momentum Factor ETF (MTUM) hit a fresh intraday record on Thursday. That also marked the fund's 10th winning session in a row. Momentum, or growth, stocks are characterized by their large earnings expansion potential relative to the broader market. Put another way, the Street thinks these companies can grow earnings fast. Tuesday's ...
The stars continue to align for Wall Street. The iShares MSCI USA Momentum Factor ETF (MTUM) hit a fresh intraday record on Thursday. That also marked the fund's 10th winning session in a row. Momentum, or growth, stocks are characterized by their large earnings expansion potential relative to the broader market. Put another way, the Street thinks these companies can grow earnings fast. Tuesday's move to record levels for MTUM marks a sharp reversal for the fund. At one point, it was down more than 7% year to date. It's now up 8% for 2026. It also coincides with the S & P 500 this week erasing the losses it suffered since the Iran war began and moving back to record territory. This turnaround in momentum may be the beginning of a broader market upturn. MTUM YTD mountain MTUM back at records "There's plenty of reasons to be optimistic," Yardeni Research president Ed Yardeni. "We've seen concerns about an AI bubble that's going to blow up—I think that those concerns have diminished." He added that this behavior is consistent with historical precedence and attributed the market bottoming out on March 30 to the commencement of the White House's talks about finding an exit ramp from the war. "The market tends to look ahead, usually by 12 months. And in addition, history shows that geopolitical crises, more often than not, have been buying opportunities," Yardeni added. What drove momentum, what to buy Shares of Bloom Energy have surged more than 40% since the start of the Iran war. The renewable energy stock soared 24% on Tuesday after expanding its partnership with Oracle to provide the cloud provider with power to fuel its skyrocketing data center energy demand. Intel is up more than 40% as well in the same time period. Shares soared 24% last week, making Intel one of the week's most overbought stocks , after the chip giant entered new partnerships with Google and Elon Musk 's Terafab project. "I think what momentum is doing, specifically in 2026, is amplifying movemen...
The Goldman Sachs ActiveBeta Emerging Markets Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.6 million shares traded versus three month average volume of about 160,000. Shares of GEM were up about 0.7% on the day. Components of that ETF w
The Goldman Sachs ActiveBeta Emerging Markets Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.6 million shares traded versus three month average volume of about 160,000. Shares of GEM were up about 0.7% on the day. Components of that ETF w
BELLEVUE, Wash., April 16, 2026--SeekOut names Sean Thompson CEO to scale agentic AI recruiting for AI-forward talent. Founder Anoop Gupta becomes Executive Chairman.
BELLEVUE, Wash., April 16, 2026--SeekOut names Sean Thompson CEO to scale agentic AI recruiting for AI-forward talent. Founder Anoop Gupta becomes Executive Chairman.