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Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

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'You only get like two hours of alcohol or two hours of cigarettes a day': Former Meta engineer on child safety settlement

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Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

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'You only get like two hours of alcohol or two hours of cigarettes a day': Former Meta engineer on child safety settlement
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Hugging Face CEO Clément Delangue on Capitol Hill on September 13, 2023. (Tom Williams/CQ-Roll Call/Getty Images)
What Hugging Face means for Nvidia

In today’s edition: Nvidia-Hugging Face, SpaceX spaceport, Google Deepmind’s brain drain. Plus: Cybersecurity stocks, Meta, OpenAI, Shein, TCS, Trump tariffs.

By Andrew NuscaAugust 28, 2026
Nvidia CEO Jensen Huang talks to members of the press as he leaves the Hart Senate Office Building on July 28, 2026 in Washington, DC.
‘I’m in favor of taxes,’ says Nvidia’s Jensen Huang—but he doesn’t agree with Bill Gates on his plan to slow an AI fallout
By Eleanor PringleAugust 28, 2026
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money
By Sydney LakeAugust 28, 2026
newsom
A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax
By Mia OsmonbekovAugust 27, 2026
A trader works on the floor of the New York Stock Exchange.
Why ‘equal weight’ S&P 500 funds are having a moment—and are up almost 16% this year alone
By Sheryl EstradaAugust 28, 2026
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia
By Angelica AngAugust 28, 2026
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Big Tech
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‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits

Seven in 10 Americans oppose an AI data center near them, even as OpenAI adds multi-gigawatt projects across the U.S

By Mia OsmonbekovAugust 27, 2026
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement

Arturo Béjar, a former Meta engineering director, said the settlement is a “significant milestone,” but “it allows Meta to define harm.”

By Barbara Ortutay, Wyatte Grantham-Philips and The Associated PressAugust 27, 2026
Nvidia agrees to buy Hugging Face for $12.9 billion, reports

The AI chip giant is in advanced talks to acquire the open-source AI hub, a move that would help to cement its grip on the open-source AI ecosystem.

By Beatrice NolanAugust 27, 2026
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’

Defense spending is resurrecting an engineering and manufacturing base many believed had gone forever, with the U.K., France and Germany home to world-leading defense companies.

By Kamal AhmedAugust 27, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers

Other customer segments are growing faster than the cloud giants that once dominated Nvidia’s sales.

By Sheryl EstradaAugust 27, 2026
David Tisch has always been a collector. His firm’s biggest prize is a $1 billion return on Cursor

How BoxGroup and David Tisch hit it big with a once-unlikely bet.

By Allie GarfinkleAugust 27, 2026
OpenAI, independent firms publish reports on rogue AI attack on Hugging Face. Here are the main takeaways—and what OpenAI still hasn’t disclosed.

OpenAI said that the difficulty of some of the tasks its AI models were attempting to solve may have produced the ‘rogue’ behavior that led to the attack on Hugging Face.

By Emily ForliniAugust 26, 2026
Crypto traders turn Dolly Parton’s death into a memecoin frenzy

Tokens commemorating Parton appeared on popular memecoin platforms like Pump.fun, only to crash hours later.

By Camila Grigera NaónAugust 26, 2026
More in Startups & Venture
AI
More in AI
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life

The Model Hardware Standard (MHS) works with any AI model, not just Claude, but for now only a handful of companies can access the research preview.

By Emily ForliniAugust 27, 2026
OpenAI bans pro-Russia ChatGPT accounts used to spread pro-Kremlin content including an Israel-based think tank using real researchers’ names

OpenAI claims Russian users hid behind VPNs to push a think tank tied to an influence operation and spread pro-Russia content online.

By Marco Quiroz-GutierrezAugust 27, 2026
Chinese open-source AI is starting to win over U.S. businesses

New spending data suggests companies are increasingly turning to cheaper, customizable open models—including fast-improving systems from China.

By Beatrice NolanAugust 27, 2026
The AI Odyssey: How a primal fear from the Ancient Greek world has been awakened by new technology

Long before chatbots, the Greeks built an entire philosophy around the anxiety that rules 2026. We are all Odysseus, sailing through the the sirens’ call.

By Nick LichtenbergAugust 27, 2026
More in AI
Innovation
More in Innovation
Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre.
SpaceX says it’s building its largest spaceport yet, committing $100 billion for a Louisiana site—adding to its list of billion-dollar expansion plans

Louisiana is getting a taste of Musk’s big ideas as they get a part of the CEO’s billions-of-dollar-plans to bring humanity to space.

By Joshua HongAugust 27, 2026
Goldman Sachs Global Institute co-head: remaking our world for machine intelligence

The irony is that a world redesigned for machines may eventually allow us to recover something more purely human as we are relieved of utilitarian burden.

By George C. Lee IIAugust 26, 2026
Current price of Ethereum for August 26, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerAugust 26, 2026
Zelenskyy gives Elon Musk Order of Freedom, asks for more Starlink access for Ukraine

The Ukrainian President awarded the world’s richest man one of Ukraine’s highest state honors, citing his “outstanding personal merits.”

By The Associated PressAugust 26, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point

The CEO of Grayscale explains why the market volatility of the last 18 months barely matters in light of a broader sea change underway in finance.

By Peter MintzbergAugust 27, 2026
Without local languages, ‘AI is essentially useless’: Hong Kong’s Votee AI is taking on English and Mandarin’s AI dominance with a Cantonese model 

Votee is one of a growing number of companies that are trying to tackle AI’s neglect of “low-resource” languages.

By Nicholas GordonAugust 27, 2026
Meta’s $18 billion settlement leaves out the child protections New Mexico already won at trial, its Attorney General says

Raúl Torrez said New Mexico secured stronger protections against AI chatbots and predators than the national settlement. Child safety experts agree.

By Catherina GioinoAugust 26, 2026
Don’t praise Meta ‘for what the court orders them to do’: Meta will only pay the full $17.1 billion settlement if TikTok and YouTube match it

State attorneys general guaranteed $12.1 billion. Meta says it’s holding back $5.3 billion unless its rivals sign on.

By Catherina GioinoAugust 26, 2026
More in Cybersecurity
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Nvidia CEO Jensen Huang eats dinner with someone ‘and their stock price doubles the next day’
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Nvidia gave its first-ever year-ahead forecast—a 70% growth bombshell meant to silence AI bubble critics and ‘circular financing’ doomsayers
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Nvidia doubles quarterly revenue to $96 billion and crushes Wall Street growth targets as CEO Jensen Huang says demand is accelerating
By Amanda GerutAugust 26, 2026
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Anthropic wants investors to believe its ‘total addressable market’ is worth $30 trillion—nearly the size of the entire US economy
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ChatGPT can now search years of your texts—but security experts are most worried about the people who never opted in
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Meta’s $17 billion child-safety settlement is the biggest tech payout ever—or 3x what it paid to acquihire a 28-year-old AI superstar
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Meta’s $17.1 billion settlement will be over 12-times larger than the second largest big tech privacy settlement in the past four years
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Nike brought back a 32-year veteran to save the $60B brand. Two years later, its turnaround is still a ‘long, hard slog’
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