A new report warns that hacktivist cyberattacks on manufacturers are growing more dangerous. These groups aim to stop production and manipulate physical processes, not just steal data or money.
Lloyds Banking Group is putting a concrete number on AI’s value, forecasting a £100 million benefit this year. The bank already has 50 generative AI use cases in production, which helped boost profit by £50 million in 2023. It’s using the tech to automate everything from complaints to coding.
University of Michigan professor Erik Gordon warns that the AI investment bubble is “almost as big as the planet Jupiter.” He points to Microsoft’s recent 6% stock drop as a warning sign of the catastrophic fallout to come.
Meta CEO Mark Zuckerberg is pivoting hard from the metaverse to AI-generated social feeds. The company’s Reality Labs division reported a staggering $6.02 billion loss last quarter while laying off over 1,000 employees. Now, Zuckerberg envisions AI that “understands” users and creates personalized c
ServiceNow’s latest earnings show the company is accelerating, with AI product Now Assist surpassing $600 million in annual contract value. CFO Gina Mastantuono credits AI for driving both customer value and internal efficiencies, including $100 million in savings from reduced headcount growth.
Intel’s stock cratered after a disastrous earnings call, wiping out nearly $60 billion in market value. The selloff reveals the hidden cost of the Trump administration’s “state capitalism” experiment, where political bets can override market fundamentals.
Robinhood CEO Vlad Tenev is pointing to the January 2021 GameStop trading halt as a reason to adopt tokenized stocks. He argues blockchain-based equities could enable faster settlement and prevent such freezes during extreme volatility.
Google cofounder Sergey Brin led a $35 million donation spree in January, funding affordable housing ballot measures. The move comes ahead of a vote on a one-time 5% wealth tax on California billionaires, which would be retroactive to January 1, 2024.
Meta’s financial results reveal an AI-powered advertising juggernaut, with Reels hitting a $50B run rate. In stark contrast, Dow Chemical announces plans to cut 4,500 jobs, explicitly citing AI-driven productivity gains as a reason. The corporate playbook for AI is becoming brutally clear.
Consumer trust is fragile, and new research confirms that data breaches directly impact where people shop. With high-profile attacks continuing, transparency and proactive security are no longer optional for retailers.
