Author: arthursheikin@gmail.com

[ad_1] Click-to-cancel is canceled.Americans were just days away from accessing an easy exit route from so-called subscription traps: On July 14, the Federal Trade Commission’s rule to make subscriptions as easy to cancel as they were to sign up, commonly known as “click-to-cancel,” was set to go into effect.The 8th Circuit threw a wrench in those plans in a July 8 ruling that blocked the FTC’s click-to-cancel provisions. The court said that the commission failed to follow proper procedure when soliciting feedback on its proposal.”While we certainly do not endorse the use of unfair and deceptive practices,” the ruling said,…

[ad_1] Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it’s clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most of 2025. By continuing to trade above the $2,870-breakout zone, the measured-move upside objective would be all the way up at $4,375. Momentum is also supportive of the move. ETH’s 14-day Relative Strength Index (RSI) now has spiked from the low 30’s to the…

[ad_1] AI safety researchers from OpenAI, Anthropic, and other organizations are speaking out publicly against the “reckless” and “completely irresponsible” safety culture at xAI, the billion-dollar AI startup owned by Elon Musk. The criticisms follow weeks of scandals at xAI that have overshadowed the company’s technological advances. Last week, the company’s AI chatbot, Grok, spouted antisemitic comments and repeatedly called itself “MechaHitler.” Shortly after xAI took its chatbot offline to address the problem, it launched an increasingly capable frontier AI model, Grok 4, which TechCrunch and others found to consult Elon Musk’s personal politics for help answering hot-button issues. In…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell in a move that fuelled a fresh bout of concerns over the central bank’s independence and hit the dollar.A White House official on Wednesday said Trump asked Republican members of Congress during an Oval Office meeting late the previous day whether he should remove Powell. Lawmakers supported the idea, the official said.Trump later on Wednesday pushed back at the prospect that he would imminently sack Powell,…

[ad_1] Why would a car company be involved in supplying energy for the AI revolution?This is exactly what’s happening with General Motors, one of the largest carmakers in the US.In a move that blurs the lines between automaking and energy infrastructure, GM is entering the power business through a new agreement with Redwood Materials, a startup run by Tesla cofounder JB Straubel.When GM electric vehicle batteries come to the end of their useful lives in cars, the company gives them a second life through a recycling deal with Redwood. The agreement includes new US-manufactured batteries from GM and second-life battery…

[ad_1] CNN  —  On a Saturday afternoon in October 2020, in a small hotel conference room just outside Phoenix, Arizona, the mood was buoyant. A gentleman wearing an unusual and elaborate headpiece scoffed and grunted my way as I entered the room. It was the height of the Covid-19 pandemic, and of the 60 or so people who gathered here, I was among the very few wearing a facemask. Some in the room didn’t believe Covid was even real. The crowd cheered as they watched a clip of President Trump play on a television at the front of the room.…

[ad_1] Rare-earth elements appear to be behind Nvidia’s stance on China.  After announcing in June plans to essentially withdraw from the Chinese market, the semiconductor chip and AI giant reversed course and said it was filing an application to restart sales of its H20 AI chip to China. U.S. Commerce Secretary Howard Lutnick said Tuesday that Nvidia’s plans to start selling its H20 AI chips are tied to ongoing trade discussions with China regarding rare-earth elements, according to reporting from Reuters. AMD plans to restart sales of its MI308 AI chip in China too. Rare-earth elements (REE) like lanthanum and cerium, which…

[ad_1] Netflix is slated to release its second-quarter results Thursday after market close, and analysts are expecting another blockbuster. Analysts surveyed by LSEG anticipate that the streaming giant will post earnings of $7.08 per share and $11.066 billion in revenue. Those results would signify earnings growth of 45% year over year as well as a 15.8% jump in revenue when compared to the prior-year period. The anticipated gains come after the streamer posted a major earnings beat for the first quarter of the year, where it saw revenue rise 13%. That was due to the company increasing pricing for its…

[ad_1] Just five days after opening up orders on its Reachy Mini robots, AI developer platform Hugging Face says it has logged $1 million worth of sales. That’s not a bad start for a company that’s just recently expanded into robotics, and is largely known for letting developers download open source AI models off the internet. On this episode of Equity, Hugging Face co-founder and chief scientist Thomas Wolf breaks down where he sees the company’s robotics going. While other startups tackling robots for the home — such as Figure and 1X — want their robots to offload some of…

[ad_1] Scale AI just laid off approximately 200 full-time employees (14% of its 1,400-person workforce) and 500 contractors, according to the company.This comes after Meta invested $14 billion into Scale AI last month as part of a blockbuster AI deal that included the hiring of Scale’s ex-CEO, Alexandr Wang, to lead its new Superintelligence group and the purchase of equity in almost half the data labeling startup.The company is ‘restructuring’ its GenAI group, according to an email from Scale’s interim CEO, Jason Droege, obtained by Business Insider. The GenAI organization is a core part of Scale that manages its work on some…