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Bank of America Warns AI Spending Faces Margin Pressure as Memory Bottlenecks Emerge

Bank of America Warns AI Spending Faces Margin Pressure as Memory Bottlenecks Emerge

By Melissa Campbell / October 17, 2026
Bank of America strategists warn that the $1 trillion hyperscaler AI spending boom faces margin pressure from a 50% drop in token prices, even as…
Eight States Sue OpenAI Over Alleged ChatGPT Risks to Children and Consumer Deception

Eight States Sue OpenAI Over Alleged ChatGPT Risks to Children and Consumer Deception

By Melissa Campbell / October 17, 2026
Eight U.S. states have filed separate state-court lawsuits against OpenAI, alleging that ChatGPT's agreeable design harms minors and misleads adults about its safety. OpenAI maintains…
Anthropic Co-Founder Says AI Could Push US GDP to $44 Trillion by 2030

Anthropic Co-Founder Says AI Could Push US GDP to $44 Trillion by 2030

By Melissa Campbell / October 17, 2026
Anthropic co-founder Jack Clark told IMF and World Bank leaders that rapidly advancing AI could push U.S. GDP to $44 trillion by 2030 under an…
China Proposes AI Export Controls Targeting Large Models and Open Weights

China Proposes AI Export Controls Targeting Large Models and Open Weights

By Melissa Campbell / October 17, 2026
China has proposed adding 23 AI technologies to its export control list, potentially restricting the overseas transfer of model weights and source code for advanced…
AI Existential Risk Fears Shape US Legislation and Corporate Lobbying

AI Existential Risk Fears Shape US Legislation and Corporate Lobbying

By Melissa Campbell / October 17, 2026
As warnings of catastrophic AI risks dominate policy debates ahead of the US midterm elections, analysts warn that doomsday narratives are being leveraged to restrict…
Bond Selloff at CoreWeave Exposes Debt Strains Behind the AI Data Center Boom

Bond Selloff at CoreWeave Exposes Debt Strains Behind the AI Data Center Boom

By Melissa Campbell / October 17, 2026
A sharp selloff in CoreWeave's stock and bonds is testing the debt-heavy financing model behind the artificial intelligence data center boom. As yields on the…
SF AI Founder Pulls ‘Tenderloin Night Shift’ Zombie Shooter After Intense Backlash

SF AI Founder Pulls ‘Tenderloin Night Shift’ Zombie Shooter After Intense Backlash

By Melissa Campbell / October 17, 2026
San Francisco AI startup founder Pierre-Louis Biojout has pulled his browser-based shooter game "Tenderloin Night Shift" offline following intense backlash from city leaders and residents.…
Verizon Confirms $10 Monthly Fee for Apple’s iOS 27 iPhone Handoff Feature

Verizon Confirms $10 Monthly Fee for Apple’s iOS 27 iPhone Handoff Feature

By Melissa Campbell / October 17, 2026
Verizon will charge customers $10 per month to use Apple's new iOS 27 iPhone Handoff feature, which allows users to share a single phone number…
Moonshot AI Launches Kimi Credit Card Tying Consumer Spending to AI Quotas

Moonshot AI Launches Kimi Credit Card Tying Consumer Spending to AI Quotas

By Melissa Campbell / October 17, 2026
Chinese startup Moonshot AI has partnered with the Agricultural Bank of China and American Express to launch a Kimi credit card. The product rewards qualifying…

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