The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company…
OpenAI CEO Sam Altman teased exactly two weeks ago that o3-mini would ship in “a couple of weeks,” and it’s arriving on time today. OpenAI is launching its latest o3-mini reasoning model inside ChatGPT and its API services and making a version with rate limits available to free users of ChatGPT for the first time.…
Nvidia is touting the performance of DeepSeek’s open source AI models on its just-launched RTX 50-series GPUs, claiming that they can “run the DeepSeek family of distilled models faster than anything on the PC market.” But this announcement from Nvidia might be somewhat missing the point. This week, Nvidia’s market cap suffered the single biggest…
Apple has agreed to pay $20 million to resolve a class-action lawsuit over battery swelling on the Apple Watch. Filed in the U.S. District Court for the Northern District of California in 2019, the suit alleges that the problem affected the first four Apple Watch models. Battery swelling is pretty much what it sounds like:…
I would have preferred any other Super Bowl matchup than another showdown between the Kansas City Chiefs and the Philadelphia Eagles, but the world doesn’t revolve around me. Regardless, I love a good championship football game, especially one enhanced by an immersive sound system. If you’re in need of a home theater audio upgrade yourself,…
Tech companies may be vocal about their love of advanced nuclear power — the flashy trend that’s been sweeping the energy sector — but they continue to add renewable capacity. Meta recently signed a deal with Spanish renewable developer Zelestra for 595 megawatts of solar power in Texas, just two weeks after signing a separate…
Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to over 100 countries. But as Starlink scaled, it faced a major hurdle: accepting payments in developing markets, where traditional banking infrastructure is unreliable, slow, and prone to blocking transactions. Many local banks across Africa, Latin America and Asia…
OpenAI on Friday launched a new AI “reasoning” model, o3-mini, the newest in the company’s o family of reasoning models. OpenAI first previewed the model in December alongside a more capable system called o3, but the launch comes at a pivotal moment for the company, whose ambitions — and challenges — are seemingly growing by…
Investor, former GitHub CEO, and all around Tech Guy™ Nat Friedman has posted a strangely enticing offer on X. His post reads, “Need volunteers to come to my office in Palo Alto today to construct a 5000 piece Lego set. Will provide pizza. Have to sign NDA. Please DM.” Thanks to the investigative reporting of…
The lights dimmed as five actors took their places around a table on a makeshift stage in a New York City art gallery turned theater for the night. Wine and water flowed through the intimate space as the house — packed with media — sat to witness the premiere of “Doomers,” Matthew Gasda’s latest play…