Author: GT

Rolls of steel are seen at U.S. Steel – Irvin Works in the Pittsburgh suburb of West Mifflin, Pennsylvania, before President Donald Trump speaks at a rally, May 30, 2025.Saul Loeb | AFP | Getty ImagesU.S. Steel shares stopped trading on the New York Stock Exchange on Wednesday after Japan’s Nippon Steel completed its acquisition of the iconic American industrial name.President Donald Trump has insisted for weeks that the companies would form a “partnership” in which U.S. Steel would remain American-owned.But the New York Stock Exchange notified the Securities and Exchange Commission on Wednesday that U.S. Steel’s shares would be…

Meta CEO Mark Zuckerberg has been on something of a hiring spree lately, trying to staff up Meta’s new superintelligence team with top-tier AI researchers from competing labs. To work on a team led by former Scale AI CEO Alexandr Wang and at a desk physically near Zuckerberg, Meta has reportedly offered employees from OpenAI and Google DeepMind compensation packages worth upwards of $100 million. OpenAI CEO Sam Altman confirmed those reports on a podcast with his brother, Jack Altman, which was published on Tuesday. However, the OpenAI CEO noted that Zuckerberg’s recruiting efforts have been largely unsuccessful and made…

HAYWARD, Calif. (AP) — Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla CEO Elon Musk is also vying to join the autonomous race.The 220,000-square-foot (20,440-square-meters) robotaxi factory announced Wednesday heralds a new phase in Amazon’s push into a technological frontier that began taking shape in 2009, when Waymo was launched as a secret project within Google. Amazon began eyeing the market five years ago when it shelled out $1.2 billion for self-driving startup Zoox, which will be the brand…

Iran’s largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday, according to blockchain analytics firm Elliptic.The funds were drained from platform wallets into addresses bearing anti-government messages explicitly referencing Iran’s Islamic Revolutionary Guard Corps, or IRGC, pointing to a politically motivated cyberattack, Elliptic said.Pro-Israel hacking group Gonjeshke Darande, or “Predatory Sparrow,” claimed responsibility for the attack and said it would release the exchange’s source code. Elliptic said the exchange was offline at the time of its post.Predatory Sparrow also claimed credit for a separate cyberattack on Iran’s state-owned Bank Sepah this week.Fighting erupted between Israel and Iran…

Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California.ZooxAmazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year.The company will use the site in Hayward, California, to increase its robotaxi fleet significantly. The facility is currently producing one robotaxi per day, but Zoox said it expects to accelerate production over the coming year.At full scale, it will have the capacity to assemble 10,000 robotaxis a…

The latest San Francisco startup culture drama happened on Monday night. And it centered around “the most legendary party that never happened,” Cluely founder and CEO Roy Lee tells TechCrunch. Cluely had hoped to throw an after-party for a Y Combinator event occurring on Monday and Tuesday called AI Startup School. The event drew crowds thanks to scheduled speakers like Sam Altman, Satya Nadella, and Elon Musk. Cluely is an AI startup born of controversy and rage-bait comedy marketing. True to form, Lee posted a satirical video on X advertising his after-party. It shows him camped out by the famed…

Ask Huawei CEO Ren Zhengfei for his take on AI in China and the mountain of difficulties facing his company, and you get surprising answers.“I haven’t thought about it,” says Ren, in a Q&A with Chinese media outlet People’s Daily. “It’s useless to think about it.”In a world obsessed with five-year plans and crisis management, his advice is almost jarring in its simplicity: “Don’t think about the difficulties. Just do it and move forward step by step.”This isn’t just a personal mantra; it’s the blueprint for how Huawei is navigating a storm of international sanctions and blockades. It’s a quiet…

Sam Altman and “his tech CEO friends” have a betting pool on the year we will see the first one-person billion-dollar company. The idea of a single person reaching a billion-dollar valuation for a startup would have been unthinkable without AI. But single-person, AI-first businesses have been sprouting all over the tech industry and Birk Jernström, CEO of Polar, a “monetization platform to empower one-person unicorns,” is standing by to help them get there. Polar hopes to stand out from other payment infrastructure platforms by focusing on the needs of developers. With Polar as their ‘Merchant of Record’ responsible for…

Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few years as the online giant begins to increase its usage of the technology.“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said in a message to employees. “It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.”The executive said…

A KC-135 Stratotanker aircraft refuels a B-2 Spirit aircraft with the 509th Bomb Wing over Kansas Aug. 29, 2012.U.S. Air Force photoDUBAI, United Arab Emirates — Iran is staring down the possibility of seeing its most important nuclear facilities hit by a 30,000-pound American bomb.White House officials on Tuesday told NBC News that U.S. President Donald Trump is considering a range of options including striking Iran directly, after the American leader repeatedly asserted that his administration would not allow Iran to continue its nuclear program or reach bomb-making capability.Trump called for Iran’s “unconditional surrender” and wrote in a post on…