OpenAI loses a top data center exec, as stream of high-profile departures continues
Before Malone left, OpenAI had already reshuffled its infrastructure org, shifting his reporting line away from President Greg Brockman and putting Vice President Sachin Katti in charge of the group.
Robotics startup Generalist reaches $3B valuation, sources say
The $200 million extension comes just months after the physical AI startup reached a $2 billion valuation.
University Of Michigan To Drop Letter Grades For First-Semester Students
The University of Michigan will change how thousands of first-year students are graded beginning in fall 2027, replacing first-semester letter grades on external transcripts with a pass or no credit designation, The Wall Street Journal reports. The change will apply to first-year students in the university’s College of Literature, Science, and the Arts, or LSA, […]
X sends cease-and-desist to open-source project Nitter over alleged scraping
X has sent cease-and-desist letters to Nitter, the open source project behind privacy-friendly X frontends, demanding its instances and code repository be taken down over alleged scraping.
Pschologyist Warns Parents Not To Tell Children They Can Be Anything
For generations, parents have offered children a familiar piece of encouragement: ‘You can do anything you put your mind to.’ But psychologist Juli Fraga says that message may do more harm than good. “If you put your mind to it, you can accomplish anything,” is “one of the most common lies I hear parents in […]
Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
The company’s new fundraising total now stands at $232 million.
Instagram’s ‘First Draft’ feature aims to make editing Reels less tedious
Instagram is making one of the most tedious parts of creating Reels easier. The company announced Tuesday in a Threads post that it’s rolling out “First Draft,” a new editing feature that automatically trims selected video clips and removes pauses, pulling together the best moments into an initial cut. Instagram says the process can produce […]
College Students Can Now Pay Tuition With PayPal And Venmo
College students and their families can now use PayPal or Venmo to pay tuition and fees at select universities, expanding the digital payment services into one of the largest expenses many households face, Fox Business reports. PayPal announced on August 19 that it had integrated PayPal and Venmo with three education payment platforms: Illumia, Nelnet […]
The Fed Gets Some Breathing Room
A wait-and-see approach? A Fed interest rate hike this year (once seen as a near certainty) is looking a bit less likely these days. The reason: Three recent economic reports suggest the economy may not be growing fast enough to require higher interest rates. Moderating inflation: The core Consumer Price Index (CPI) inflation rate rose at […]
Active ETF Assets Hit Record $2.59 Trillion in July
Active ETFs closed July with $2.59 trillion in global assets, an all-time high. The industry pulled in $89.58 billion in net inflows during the month, according to ETFGI. Key Takeaways Active ETF assets hit a record $2.59 trillion in July, up 35.6% this year. Year-to-date inflows reached $590 billion, nearly double last year’s pace. Dimensional […]
AI, Defense, & More: The Case for Investing in Rare Earths
Advisors and investors who have been keeping an eye on recent headlines are likely aware that rare earths are becoming increasingly valuable for countries across the globe. After all, countries like the United States are looking to decouple from China’s dominant position in the rare earth industry by investing in new critical mineral and battery […]
Claude Cowork finally remembers what you told the app in chat
Anthropic is giving Claude a shared memory across chat and Cowork, so users no longer have to repeatedly brief the AI on projects, preferences, and other context.
