If you’re in the space business long enough, you learn there are numerous ways a rocket can fail. I’ve written my share of stories about misbehaving rockets and the extensive investigations that usually—but not always—reveal what went wrong. But I never expected to write this story. Maybe this was a failure of my own imagination. … Read more
As gold prices surged to $5,300 this week, Tether and Coinbase — the two companies behind the world’s largest US dollar stablecoins — are taking different approaches to gaining exposure to the precious metal. Spot gold climbed above $5,300 per ounce on Wednesday, posting a record high of $5,311 at 3:30 am UTC, according to … Read more
Across six top large language models, xAI’s Grok performed the worst at identifying and countering antisemitic content, according to a study published Wednesday by the Anti-Defamation League. On the other end of the spectrum, Anthropic’s Claude performed the best according to the report’s metrics, but the ADL said all models had gaps that required improvement. … Read more
Amazon is laying off another 16,000 staff and is reported to have accidentally emailed one of its teams a day early with the news. Amazon posted the news publicly via a note from Beth Galetti, Senior Vice President of People Experience, earlier today. Galetti said the mass layoffs are about “working to strengthen our organization … Read more
Rising geopolitical tensions are strengthening the case for a European-controlled digital payments system, according to European Central Bank (ECB) executive board member Piero Cipollone. In an interview with Spanish newspaper El País, shared by the ECB on Wednesday, Cipollone described the proposed digital euro as “public money in digital form,” arguing that it was needed … Read more
Investors are betting the Trump administration will run the economy “hot” ahead of midterm elections, with buoyant stocks and a weaker dollar reflecting expectations of strong growth and rising inflation. A string of robust economic data has defied predictions of a slowdown in the US, sending credit spreads to the tightest levels of the century … Read more
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South Korea’s top financial regulator said crypto exchanges should face ownership limits similar to those applied to securities markets, signaling a harder public stance on governance reforms under the country’s proposed Digital Asset Basic Act. According to a report by The Korea Times, the Financial Services Commission (FSC) Chair Lee Eog-weon said licensed crypto exchanges … Read more
The UK TV industry has revamped its Diamond diversity data monitoring system and those working on TV shows will now only have to fill in one form that can be linked to future projects. In the past, all people working on UK TV shows would need to fill in the monitoring form for each show … Read more
Microsoft is getting ready to improve Windows 11’s ability to resume Android apps on a PC. The software giant first introduced its cross-device resume last year, letting Windows 11 users resume OneDrive sessions from their Android device on a PC. Now, it’s expanding this to Spotify playback, browsing sessions, and more. The improved cross-device resume … Read more