Samsung Forecasts Record $80B Q3 Profit on AI Chip Demand
Samsung expects a record 107.4 trillion won ($80B) operating profit for Q3, nearly nine times last year, as AI demand lifts memory chip prices and HBM sales.
Strategist Warns AI Bubble Could Burst by 2027 or 2028
Panmure Liberum strategist Joachim Klement says the AI bubble will burst in 2027 or 2028, and forecasts the S&P 500 falling to 5,000, a 36% drop from today.
Cornell AI Tool Writes Local Lesson Plans for Teachers
Cornell and Microsoft researchers tested Shiksha Copilot with 1,000+ teachers in India. It writes local-context lesson plans and saves about two hours a week.
Cal AI Founder Raises $10M for Persona AI Agent Wristband
Zach Yadegari, 19, raised $10M led by Vine Ventures for Persona, an ad-supported personal AI agent with a $179 wristband, after selling Cal AI to MyFitnessPal.
Fired OpenAI Researchers Urge Board to Protect AI Oversight
Three fired OpenAI safety researchers urged the board to keep AI models monitorable. OpenAI says the firings were about confidential data, not safety concerns.
Alberta Says AI Cuts Government IT Costs Up to 95%
Alberta says AI tools make its public service up to 20x faster and cut costs by up to 95%, and it is sharing its open-source playbook with other governments.
Southwest Launches ChatGPT Plugin for Flight Shopping
Southwest Airlines launched a ChatGPT plugin that lets travelers search destinations and shop flights in the chat, with full booking to come in later phases.
Arthur Hayes: Trillions Wasted on AI Boom, Crash Coming
Arthur Hayes told a Singapore crypto conference AI data center overbuilding will end in a crash and bailout, and says Bitcoin and his Flop token stand to gain.
Melius Raises $20M Series A for AI Agents That Make Ads
Ex-Ramp engineers behind Melius raised a $20M Series A led by CRV, bringing total funding to $25M, for AI agents that create images, videos and ad campaigns.
Moonshot AI Eyes Early 2027 Hong Kong IPO at $50B Value
Moonshot AI, maker of Kimi, is reportedly eyeing an early 2027 Hong Kong IPO after its value hit about $50B, as rival DeepSeek draws oversubscribed demand.
Sam Altman: World Should Accept Some Bad Things From AI
In a Politico interview, OpenAI CEO Sam Altman said society should accept some harm from AI, rejected concentrated control and set a limit at catastrophic risk.
