SoftBank Overtakes Toyota as Japan’s Most Valuable Company
The ticker at the Tokyo Stock Exchange told the story that hundreds of analysts had been expecting. On June 1, SoftBank Group’s market capitalization edged past Toyota Motor’s, making the…
MiniMax Pushes Open-Weight Models Into the Agentic Frontier
The release notes landed on a Monday, and within days the weight files were on Hugging Face for anyone to download. MiniMax, the Chinese AI company best known for its…
Pope Leo’s First Encyclical Takes Aim at AI’s ‘Technological Messianism’
VATICAN CITY — The word Pope Leo XIV chose was “disarm.” Presenting “Magnifica Humanitas,” his first encyclical, in the Vatican’s Synod Hall on May 25, the pope told an audience…
Treasury Seizes $1 Billion in Iranian Crypto, Expanding a New Sanctions Weapon
Treasury Secretary Scott Bessent said Friday that American authorities had seized roughly $1 billion in cryptocurrency tied to Iran, the largest U.S. action of its kind against a single country’s…
AI’s ‘USB-C’ Standard Faces a Developer Rebellion
The headline on a Hacker News thread in late May was blunt: MCP is dead. The Model Context Protocol, the open standard that was supposed to let AI agents talk…
FCC’s Warning to Broadcasters Lands as ABC Fights for Its Licenses
On the same day ABC’s eight television stations filed license-renewal applications “under protest,” the Federal Communications Commission sent a message to every broadcaster in the country: review your operations, or…
GitHub Bans Security Researcher Who Published Windows Zero-Day Exploits
The researcher known online as Chaotic Eclipse and Nightmare-Eclipse has spent months at war with Microsoft. This week, the company, which owns GitHub, cut off one of their accounts, deleting…
CNN Sues Perplexity, Widening News Industry’s Fight Over AI Search
CNN filed a lawsuit this week against Perplexity AI, accusing the AI search company of scraping and reproducing copyrighted news content at scale, according to the complaint. The suit is…
Altman Says the AI Jobs Apocalypse He Once Predicted Probably Won’t Happen
In 2023, Sam Altman told audiences that “jobs are definitely going to go away” as AI improved. By 2025, he was warning that entire categories of white-collar work, especially entry-level…
Nvidia Deepens Taiwan Bet With $150 Billion Annual Pledge
The celebration in Taipei had the feel of a homecoming. Roughly 1,000 Nvidia employees gathered Wednesday at an event marking the launch of the company’s planned Taiwan headquarters, joined by…
