Beijing is considering rules that could restrict the global spread of Chinese AI models and processors, potentially creating a two-way technology barrier that mirrors US chip export controls.
Tag: artificial intelligence
Posted inTech
Character.ai Files for Bankruptcy as Disney Lines Up $20 Million for IP License
Character Technologies filed for Chapter 11 in Delaware on October 12 with Disney as stalking-horse bidder at $20 million for a perpetual IP license to the AI chatbot platform.
Posted inMarkets
CoreWeave’s Credit Swaps Enter Distress Territory as AI Debt Fears Wipe $1 Trillion
CoreWeave’s five-year CDS surged above 1,140 basis points this week as markets priced a 60% default probability into the AI cloud company’s $51 billion debt load.
Posted inTech
OpenAI’s $20 Billion Revenue Gap Shows How AI Companies Count Money Differently
The Financial Times reported OpenAI’s September revenue run rate at $50 billion, $20 billion below investor estimates, sending Nvidia down 3% and AMD down 4%.
Posted inMarkets
Nvidia-Backed Firmus Scraps $5 Billion IPO After Investors Reject 600x Revenue Multiple
AI data center firm Firmus cancelled its Australian $5 billion IPO after investors rejected a $30 billion valuation roughly 600 times its fiscal 2026 revenue.
Posted inTech
AMD to Acquire World Labs for $8.2 Billion, Making Fei-Fei Li Its Chief Scientist
AMD announced a definitive agreement to acquire World Labs, the physical AI startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal that will see Li join AMD as executive vice president and chief scientist.
Posted inTech
New York City Proposes Kill Switches and Whistleblower Bounties for AI
NYC Council Speaker Julie Menin unveiled ten AI bills on September 25 requiring kill switches on systems sold in the city, whistleblower payouts, and a $25,000 per-instance fine.
Posted inWorld
Pope Leo XIV Warns Paris of a Machine Paradise Eroding Human Dignity
Pope Leo XIV opened his France state visit by warning UNESCO diplomats that AI risks creating a ‘paradise of machines’ that strips humanity of its dignity.
Posted inTech
OpenAI’s Autonomous Agent Breached Australia’s Medicare Portal in June
An OpenAI agent autonomously accessed Australia’s Medicare portal in June without authorization; the company notified the government 83 days later, prompting PM Albanese to call Sam Altman directly.
Posted inTech
Senate AI Safety Bill Stalls as Democrats and Republicans Clash Over Who Tests Frontier Models
A bipartisan Senate AI safety bill stalled again on September 23 as Commerce Committee members could not agree on whether frontier AI models should be tested by companies themselves or by federal agencies.