The four major hyperscalers have lost a combined $1 trillion in market cap following their latest quarter earnings releases.
The big picture: Investors are rotating out of tech as rising AI spend is fueling fears of an overbuild.
Editor's note: This story was corrected to reflect the combined loss of $1 trillion in market cap was from their latest quarter earnings (not fourth quarter earnings).
The White House's gutting of thelegal foundation of climate regs will spill into U.S. elections, global diplomacy, C-suites, and litigation that's on a collision course with the Supreme Court.
Catch up quick: On the off-off chance you missed it, EPA on Thursday repealed the "endangerment finding" — the formal 2009 conclusion that greenhouse gases threaten humans.
The counter-drone weapon that caused a shutdown of El Paso's airspace on Wednesday was AeroVironment's LOCUST, a 20-kilowatt laser system, Axios has confirmed.
Why it matters: The Army sees the cutting-edge weapon as a way to combat drones without firing expensive interceptors. But the Federal Aviation Administration was so concerned about its use that it shut down the airspace around a major city for nearly eight hours.
The Federation of American Scientists is launching an initiative that aims to promote creative thinking for how government can tackle climate change and other challenges.
Why it matters: The effort is intended to "complement" the center-left "Abundance" movement that some Democrats are embracing, said Hannah Safford, FAS' associate director of climate and environment.
The Food and Drug Administration's refusal to review Moderna's mRNA flu vaccine is raising questions about how the Trump administration intends to treat other new products built around the technology.
Why it matters: Some medical experts warn that the U.S. will miss out on promising new vaccines if it does not embrace the technology, which powered the COVID-19 shots and could be adapted to target other diseases, including cancer.
Top AI experts at OpenAI, Anthropic and other companies warn of rising dangers of their technology, with some quitting in protest or going public with grave concerns.
Why it matters: Leading AI models, including Anthropic's Claude and OpenAI's ChatGPT, are getting a lot better, a lot faster, and even building new products themselves.
