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Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union bossThe software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundreds of millions, thanks to tax breaks that are likely to reduce its contributions to governments around […]
Company and subsidiary Statsig alleged by US justice department to have favored foreign workers in hiringOpenAI and a subsidiary will pay $3.2m to settle US government claims that they favored foreign workers with temporary employment visas and discriminated against US job applicants in recruiting and hiring, the justice department said on Tuesday.The justice department in
OpenAI pays $3.2m to settle claims it discriminated against US workers Read More »
S&P 500 shot up 1.8% and the main measure of Wall Street’s health topped its prior all-time high set a few months agoThe US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.The S&P 500 shot up 1.8%, and the main measure of Wall Street’s
US stock market hits record highs as AI profits pile and oil prices ease Read More »
Trump’s FCC is developing a measure to bar US imports of new models of Chinese datacenter devices, sources sayThe Trump administration is reportedly drafting a ban on US imports of new models of Chinese datacenter components, in the latest sign US authorities are scrambling to respond to the rapid development of AI technology in China.Four
Trump administration reportedly drafting ban on Chinese datacenter components Read More »
Despite Trump’s efforts to blame Tim Walz and Minnesota, officials suspect Iran behind attacks on US infrastructureLate last week, federal authorities issued a stern warning saying “malicious cyber actors” were targeting water and wastewater facilities in at least seven states across the US. Minnesota appeared to be the hardest hit with 30 of its water
US water facilities targeted by ‘malicious cyber actors’ – who’s to blame? Read More »
Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agendaIn a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company
‘This quarter was otherworldly’: Palantir earnings surge past expectations Read More »
Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakersEven for the rollercoaster world of AI, last week was particularly volatile as investors scrambled to keep up with developments that threatened the dominance of the largest western chipmakers.It began with a double whammy. On Monday, the Chinese memory chipmaker
Stock market turmoil sheds stark light on the opaque AI economy Read More »
New AI models, advanced robots and specialty computer chips are unsettling markets and the US tech industryOver the past month, a series of advancements in China’s artificial intelligence, chip manufacturing and robotics technologies have rattled financial markets, caused divisions among US tech moguls and left the Trump administration scrambling to respond.Silicon Valley has long pointed
China’s tech advances are causing chaos from Silicon Valley to the White House Read More »
A New York school district has paused plans to bring an android into the classroom. Is this our educational future?What’s more harrowing than sending your child to school? Maybe getting stuck on a city bus that can’t drop below 55 miles per hour or it will explode, but that’s about it. Once your kid hits
Trump’s campaign of repression echoes the red scare. But now the government has bigger ambitions and more powerful toolsThere are many parallels between the first McCarthy era, roughly 1946 to 1956, and Trump’s campaign of political repression, his own updated McCarthyism.Both regimes crafted a monster of quasi-facts and innuendo and fed it with fear: an
