A group of House Democrats in districts hit by Hurricanes Helene and Milton is urging tech companies to crack down on misinformation and scams about the storms and recovery efforts, Axios has learned.
Why it matters: Lawmakers in both parties have been straining to stem the swarm of hurricane-related misinformation, with one Republican even issuing a fact sheet debunking common conspiracy theories.
Elon Musk, the richest man in the world, has become deeply entangled with former President Trump in the homestretch of the presidential election.
Why it matters: The Telsa and SpaceX CEO and X owner's political activism is a hard pivot from originally claiming he wouldn't donate to campaigns to pouring tens of millions of dollars into Trump's campaign and saying he's "f---ed" if Trump loses.
Elon Musk last night did what he does best — put on a show.
Why it matters: The Tesla CEO needed to sell a flashy story about the company's future amid declining present-day demand for its EVs — but in the eyes of most investors after the literal smoke cleared, the unveil failed to live up to the hype.
CoreWeave, a Roseland, N.J.-based cloud computing platform that rents out GPUs via data centers, secured a $650 million revolving credit facility led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley.
Why it matters: Wall Street wants a piece of the AI revolution, even if that means lending big dollars to relatively young, VC-backed companies.
When it comes to generative AI, Amazon Web Services is doubling down on the bet that enabled it to become the leader in cloud computing: focusing on cost, security and flexibility rather than a flashy set of proprietary tools and features.
Why it matters: The Amazon approach, which has continued under new AWS CEO Matt Garman, stands in sharp contrast to rivals Microsoft and Google, who continue to invest billions of dollars in an array of models and services.
Tesla CEO Elon Musk unveiled a self-driving vehicle with no steering wheel or pedals Thursday night, saying it would go into production before 2027.
Why it matters: Musk has been teasing the robotaxi for years, but the so-called Tesla Cybercab took a step closer to becoming a reality when it dropped Musk off at the stage for the company's "We, Robot" event on the Warner Bros. Studios lot in Hollywood.
Tesla is poised to debut its long-awaited robotaxi Thursday night — and possibly an update on its humanoid robot — in a reveal that will require observers to separate sizzle from substance.
Why it matters: Tesla CEO Elon Musk has described self-driving car technology and AI robots as essential to the company's current stock valuation and its future.
More than 2 million Fisher-Price Snuga Swings were recalledfollowing the deaths of five infants over a decade.
State of play: Suffocation risks prompted the recall, and customers are told to remove parts of the swing before continuing to use it for "awake-time activities" only.
Semiconductor maker AMD announced a slew of new chips on Thursday as it seeks to take full advantage of the AI-driven boom in computing demand.
Why it matters: In addition to taking on Intel in the market for server and PC processors, AMD is looking to grab more of the GPU market today dominated by Nvidia.
Newsrooms are shrinking and audiences are becoming more dispersed as independent journalists successfully launch Substacks, content creators pivot into podcasting and TikTokers report on the news.
Why it matters: This is changing how brands, executives and politicians are engaging with the media.
The latest calls to revamp the prescription drug market and lower prices are coming from billionaire Mark Cuban, who's urging corporations to dump the middlemen that handle their drug benefits and shop for better deals with providers and smaller companies that will pass through their savings.
Why it matters: Cuban, a prominent backer of Vice President Kamala Harris, believes a streamlined, more transparent system will generate more savings than direct government price negotiations.
AI researchers notched two Nobel Prizes this week, elevating their work and field into the upper echelons of scientific achievement.
Why it matters: There'swide debate about whether, and how,AI will transform the world — but this week's recognition underscores the behind-the-scenes ways the technology is already changing science itself.
