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Category: Technology

How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

CNBC reports: Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super intelligence. But this week, the limits of Aschenbrenner’s vision were on display when the AI-themed hedge fund he runs — named Situational Awareness, also the title of his…

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Anthropic’s Claude AI escapes to hack into three organisations

Anthropic’s Claude AI escapes to hack into three organisations

BBC News reports: US technology firm Anthropic says its AI models hacked into the systems of three organisations on their own, during a private security experiment. The models found a weakness in what was supposed to be an isolated test environment and connected to the internet. It comes just days after rival OpenAI said that its models had breached the systems of other companies, including AI tools hub Hugging Face. The announcement prompted Anthropic to check whether its own systems…

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Can we stop AI from flooding scientific journals?

Can we stop AI from flooding scientific journals?

C&EN reports: “Certainly, here is a possible introduction for your topic,” begins a retracted paper in the Elsevier journal Surfaces and Interfaces. This is one of ChatGPT’s standard openers when responding to a user prompt. The researcher submitted the manuscript beginning with this line, and it passed peer review. No one noticed the mistake until after publication. Publishing is crucial for many scientists’ careers, especially those in academia, and a key part of securing jobs, funding, and tenure. The pressure…

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AI could end up too cheap to control

AI could end up too cheap to control

Eric Levitz writes: The AI industry’s investors and critics don’t agree on much. But many in each camp share at least one basic conviction: America’s top labs are about to make a killing. Capital markets have signaled their faith in Anthropic and OpenAI’s impending hyper-profitability, valuing each at nearly $1 trillion. Many of Silicon Valley’s progressive adversaries also expect the labs to grow filthy rich but fear the implications, warning that AI-induced automation could transfer vast sums of money from…

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Situational Awareness hedge fund fell into a ditch

Situational Awareness hedge fund fell into a ditch

The New York Times reports: One of the hottest hedge funds in artificial intelligence received a bailout to stay afloat on Thursday amid a sudden drop in value for its investments. The fast-moving crisis unfolded over just 36 hours at Situational Awareness, a once-envied investment firm in San Francisco led by 20-somethings, including a former employee of OpenAI. The firm put out an emergency call for help to rivals, seeking to sell more than $10 billion of its stock to…

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U.S. government map of Africa, made with AI, mislabels every country at global conference

U.S. government map of Africa, made with AI, mislabels every country at global conference

Reuters reports: A US government map of Africa mislabeled every country during a state department presentation at a ⁠global conference in Brazil ⁠this week, ​causing a stir among attenders who took screenshots and posted them online. Reuters viewed a video of the presentation given at the Aids 2026 conference in ⁠Rio de Janeiro, which shows the errant map displayed halfway during a presentation about the state department’s new health agreements. A Reuters analysis found the image of the map included…

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A leaked memo ties cyberattacks on Minnesota water utilities to Iran

A leaked memo ties cyberattacks on Minnesota water utilities to Iran

Wired reports: Since the US launched its war against Iran in late February, the country’s hackers have struck back with retaliatory intrusions that have ranged from paralyzing medical supplies company Stryker to breaching the personal email of FBI director Kash Patel. Now, after an unprecedented wave of disruptive cyberattacks hit water utilities in Minnesota, a memo circulated within the water industry ties those attacks to Iran, too, in the widest and most disruptive strike yet inflicted by the country’s hackers…

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Ukraine starts providing the U.S. with military assistance

Ukraine starts providing the U.S. with military assistance

Thomas Nagorski writes: It is often hard to know who is winning the war in Ukraine. The front lines scarcely budge. The air war brings regular Russian missile strikes—the most recent ones have hit Kyiv—and Ukrainian attacks that have battered Russian oil refineries and reached as far as Siberia. Ukrainian officials say the tide is turning their way; the Kremlin insists it will win a war of attrition. In one significant way, Ukraine has already won. Some of the world’s…

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Trump administration is repurposing federal land for AI data centers

Trump administration is repurposing federal land for AI data centers

The New York Times reports: The Trump administration is repurposing large chunks of federal land to host enormous data centers and the power plants needed to run them as officials seek to accelerate the development of artificial intelligence and overcome growing local opposition to the facilities. The Energy Department announced on Wednesday that it would redevelop parts of a retired Cold War-era uranium enrichment facility in Paducah, Ky., to host a large new A.I. data center campus. The site is…

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AI companies polluted the internet with slop. Now they are harvesting and destroying millions of rare books

AI companies polluted the internet with slop. Now they are harvesting and destroying millions of rare books

In January, the Washington Post reported: In early 2024, executives at artificial intelligence start-up Anthropic ramped up an ambitious project they sought to keep quiet. “Project Panama is our effort to destructively scan all the books in the world,” an internal planning document unsealed in legal filings last week said. “We don’t want it to be known that we are working on this.” Within about a year, according to the filings, the company had spent tens of millions of dollars…

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Residents furious at plan to seize and destroy their homes for AI data centers

Residents furious at plan to seize and destroy their homes for AI data centers

Futurism reports: As dozens of cities across the US are forced to scrap their plans to build power-hungry data centers, some civic leaders are no longer asking. According to new reporting by Fortune, the state of Georgia’s for-profit utility company, Georgia Power, is looking to demolish and pave over some 30 homes — and 330 parcels of land — that currently block the route of a 1,000 mile transmission line. When it goes live, the line will distribute nearly 10,000…

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Musk plans a second campaign to poison U.S. democracy

Musk plans a second campaign to poison U.S. democracy

Axios reports: Tech billionaire Elon Musk is jumping into the midterms with a huge investment in a plan to boost Republican voter turnout, Axios has learned. Driving the news: Musk is resuscitating his dormant super PAC, America PAC, which spent more than $260 million to help get President Trump elected in 2024. America PAC will focus on door-knocking, digital advertising and direct mail aimed at turning out the conservative base, including voters who typically are less inclined to cast ballots in a non-presidential election year,…

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Data centers become the new frontlines of global power

Data centers become the new frontlines of global power

Henrique Schneider writes: Data centers have emerged as a crucial element in the realms of geopolitics, energy security and industrial strategy. On the morning of March 1, 2026, three coordinated Iranian drone strikes hit Amazon Web Services facilities in the Gulf, disrupting regional cloud services for days to weeks. The episode crystallized a transition that had been building for years: The quiet warehouses of the digital economy are now contested strategic assets. The scale of what is being built is…

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Ireland is big tech’s lapdog – and that compromises its EU presidency

Ireland is big tech’s lapdog – and that compromises its EU presidency

Johnny Ryan writes: On the face of it, Ireland behaves like a good European by being a staunch advocate of human rights and a beacon of progressivism on the western edge of the continent. But there is one vital area in which its record is less than perfect – one that should cause concern when the Irish government takes over the rotating six-month presidency of the EU on 1 July. The EU’s tech and AI rulebook will be renegotiated during…

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A $154 billion CEO just endorsed stripping most Americans of voting rights

A $154 billion CEO just endorsed stripping most Americans of voting rights

At Fortune, Nick Lichtenberg writes: Shopify CEO Tobias Lütke, whose company commands a market capitalization near $154 billion, told his social media followers this week that a tax-tiered voting system—one that would strip voting rights from anyone who pays no income tax—would be a “good system.” That two-word endorsement, dropped into a viral thread, has reignited a debate over wealth, power, and democracy that most Americans thought was settled more than a century ago. The proposal would invert the founding…

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Is the wizard of AI ever going to pull back the curtain?

Is the wizard of AI ever going to pull back the curtain?

Science reports: Today’s biggest artificial intelligence (AI) startups make no shortage of bold promises. Their technologies, some boast, will revolutionize software development, drug discovery, and scientific research. Yet a new preprint posted on 16 July on bioRxiv suggests many of these firms barely participate in one of science’s most fundamental practices: publicly documenting discoveries in scientific literature so other researchers can evaluate and build on them. More than half of AI unicorns—private companies valued at more than $1 billion—have never…

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