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Tuesday

  1. Huxiu

    When Young People No Longer Worship Silicon Valley: A Crisis of Trust in AI Leaders Among America's Younger Generation

    A CNBC and Generation Lab survey of 1,088 Americans aged 18 to 34 found that distrust of nine tech leaders ranged from 65% to 81%, and 45% believed AI would harm their career prospects. Pew data shows that 66% of Americans aged 18 to 29 have already used AI chatbots, but the share of this same group who believe AI will reduce employment rose from 61% in 2024 to 73% in 2026. The author, Chen Yongwei, argues that this wariness stems from narrowing entry points into employment and negative past experiences with digitalization, and advocates letting affected people participate in negotiations over AI rules.

    A CNBC and Generation Lab survey of 1,088 Americans aged 18 to 34 found that distrust of nine tech leaders ranged from 65% to 81%, and 45% believed AI would harm their career prospects. Pew data shows that 66% of Americans aged 18 to 29 have already used AI chatbots, but the share of this same group who believe AI will reduce employment rose from 61% in 2024 to 73% in 2026. The author, Chen Yongwei, argues that this wariness stems from narrowing entry points into employment and negative past exp

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Monday

Sunday

  1. Huxiu

    Fluidstack Completes $1.5 Billion Financing at a Valuation of $18 Billion

    AI infrastructure company Fluidstack has completed $1.5 billion in financing at a post-money valuation of $18 billion, led by quantitative trading giant Jane Street, with its valuation rising from $7.5 billion to $18 billion within 60 days. Its core asset is a multi-billion-dollar compute contract signed with Anthropic, and it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The article points out that this circular financing, in which the funder simultaneously acts as customer and guarantor, carries systemic risk, and that Fluidstack's revenue is highly concentrated in a single customer such as Anthropic.

    AI infrastructure company Fluidstack has completed $1.5 billion in financing at a post-money valuation of $18 billion, led by quantitative trading giant Jane Street, with its valuation rising from $7.5 billion to $18 billion within 60 days. Its core asset is a multi-billion-dollar compute contract signed with Anthropic, and it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The article p

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