A fire caused by an electrical switchgear failure has taken Greenidge Generation’s 106MW Dresden, New York, cryptocurrency mining facility offline. The company expects operations to resume in the “next few weeks,” but the shutdown hits during a period of record-low mining profitability.
AI is now being used to analyze the language in credit agreements, and the findings aren’t reassuring. The data suggests underwriting standards have slipped, potentially setting the stage for more distress.
OpenAI CEO Sam Altman has issued a “code red” internal memo, making improvements to ChatGPT the company’s overriding focus. The push comes as competitors like Google and Anthropic narrow OpenAI’s lead, putting pressure on its path to profitability.
Google has finally rolled out Chrome version 143, a week later than expected. The update patches 13 security vulnerabilities and introduces new AI-powered features like Read Aloud. None of the fixed flaws were seen in active attacks.
CNBC’s Jim Cramer says OpenAI’s internal “code red” is more about a looming capital crisis than competition from Google’s Gemini. He warns that while Google may be catching up in user habit, OpenAI’s inability to borrow cheaply like its rivals is the core threat. The company has reportedly paused pr
The forced sale of TikTok’s U.S. operations might not be the end for ByteDance. The Chinese tech giant is funneling resources into AI, where it’s competing fiercely on price and visual models. Its future may depend less on social media and more on this quiet tech race.
Instacart has filed a lawsuit against New York City to block five new laws scheduled for January. The company argues the rules, which include minimum pay parity with restaurant workers and 10% tipping options, are unlawful and will harm its business model. The legal fight highlights the ongoing tens
In a major step toward a quantum internet, a UK team has successfully merged two separate quantum networks. Their prototype can route and teleport quantum entanglement between eight users simultaneously.
HPE is deepening its partnership with AMD to deliver new AI infrastructure. The company will be an early adopter of AMD’s Helios AI rack architecture and will use AMD processors and GPUs in the upcoming Herder supercomputer.
In a major policy shift, Instagram CEO Adam Mosseri is calling U.S. employees back to the office five days a week. The move, aimed at building a “winning culture,” comes with a radical purge of meetings and slide decks.
