Ken Griffin pledges $3 billion to Carnegie Mellon University
Citadel CEO Ken Griffin announced Wednesday that he has committed $3 billion to Carnegie Mellon University, including $2 billion to establish a new campus in Miami. The $3 billion commitment is “the largest individual gift in the history of higher…
OpenAI cancels next AI model when it shows signs of being evil
Sign up to see the future, today Unmissable innovations at the cutting edge of science and technology For the second time in months, OpenAI has suspended development of its cutting-edge AI models after revealing even more cases of experimental systems…
Army awards up to $7 billion for IDIQ, sprawling counter-drone
WASHINGTON- Army Acquisition Managers and Joint Interagency Working Group 401 Officials announced today that the service has awarded several contracts worth up to $7 billion for counter-drone capabilities. The contracts, which the Army began awarding…
Beam Therapeutics Alleges Chinese VC-Backed Biotech Startup Stole Intellectual Property
Allison explains what hot startups are doing and who is funding them. She is also co-host of the weekly biotechnology podcast, “The Readout Loud.” You can reach Allison on Signal at AllisonDeAngelis.01. Gene-editing company Beam Therapeutics…
Scoop: OpenAI’s annual recurring revenue nears $70 billion
In figures: OpenAI’s annualized revenue rate has increased by more than 70% since the start of the third quarter, reaching almost $70 billion. Its business-to-business revenue grew more than 100% during the same period. On the consumer side, OpenAI…
The Fed’s main inflation measure will be released on Wednesday. Here’s what to expect
A person finishes pumping gas at a QT gas station September 24, 2026 in Austin, Texas. Brandon Bell | Getty Images If anyone at the Federal Reserve is looking for evidence against another interest rate hike, they’re unlikely to find it in data due…
Rocket Stock Rises After Changing Default Credit Score
This article was first published on GuruFocus. Rocket Companies (NYSE:RKT) rose 2.58% at the open after its Rocket Mortgage division, the largest U.S. mortgage lender, said it would become the first lender to use VantageScore 4.0 as its preferred credit…
OpenAI reportedly in talks to raise $30 billion at a valuation of $1.4 billion
OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round at a valuation of around $1.4 trillion, Bloomberg reported Tuesday. Investors are eager to pour more funds into the ChatGPT creator ahead of its planned public…
The new normal for oil is rising prices
Oil prices retreated on Tuesday, reversing recent gains as investors weighed signs of a recovery in exports from Middle East producers against uncertainty over the fate of the war in Iran. Brent crude for November delivery fell 1.5% to trade at $103.72…
Chinese factory activity ends two-month contraction streak in September
SHENZHEN, CHINA – AUGUST 30: A man stands on the waterfront overlooking MSC and Ocean Network Express (ONE) container ships docked under gantry cranes at Yantian Port on August 30, 2026, in Shenzhen, Guangdong province, China. Cheng Xin | Getty…