Chris Liu
The Latest
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Verizon’s Network Restored Post-Outage, but Customers Frustrated by Lack of Communication
In a significant disruption affecting nearly 50,000 members of the International Longshoremen's Association (ILA), Verizon confirmed that its network has been fully restored after a nationwide outage that left many customers unable to make or receive calls for much of the day. The outage, which began shortly after 9 a.m. ET on Monday, caused widespread frustration as users reported their phones stuck in "SOS mode," indicating connectivity issues that limited their ability to communicate except for emergency calls. 
In a significant disruption affecting nearly 50,000 members of the International Longshoremen's Association (ILA), Verizon confirmed that its network has been fully restored after a nationwide outage that left many customers unable to make or receive calls for much of the day. The outage, which began shortly after 9 a.m. ET on Monday, caused widespread frustration as users reported their phones stuck in "SOS mode," indicating connectivity issues that limited their ability to communicate except for emergency calls. -
With $1.5 Billion Loan, Michigan’s Palisades Aims for Historic Nuclear Reactor Restart by 2025
The Palisades nuclear plant in Michigan has taken a significant step toward becoming the first nuclear reactor in U.S. history to restart operations after a shutdown. On Monday, the Department of Energy (DOE) announced that Palisades has secured a $1.5 billion federal loan to support the ambitious revival, which is being driven by Holtec International, the plant's owner. 
The Palisades nuclear plant in Michigan has taken a significant step toward becoming the first nuclear reactor in U.S. history to restart operations after a shutdown. On Monday, the Department of Energy (DOE) announced that Palisades has secured a $1.5 billion federal loan to support the ambitious revival, which is being driven by Holtec International, the plant's owner. -
Verizon Faces Major Outage, Millions Stuck in SOS Mode as Connectivity Issues Persist
Verizon experienced a widespread outage on Monday, leaving millions of customers across the United States unable to use their mobile phones. The outage, which began early in the morning, led to phones displaying "SOS mode" - a feature that only allows users to make emergency calls. As reports flooded in from across the country, frustrated users took to social media to voice their concerns about being unable to make calls or send messages, with many calling for compensation for the disruption. Verizon experienced a widespread outage on Monday, leaving millions of customers across the United States unable to use their mobile phones. The outage, which began early in the morning, led to phones displaying "SOS mode" - a feature that only allows users to make emergency calls. As reports flooded in from across the country, frustrated users took to social media to voice their concerns about being unable to make calls or send messages, with many calling for compensation for the disruption. -
Apple Confirms Exit from OpenAI’s $6.5 Billion Funding Round as Microsoft Boosts Investment
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. 
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. -
Binance Founder Changpeng Zhao Released from U.S. Custody After Prison Sentence
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. 
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. -
OpenAI Eyes $11.6 Billion Revenue Despite $5 Billion Loss in 2024 as Funding Round Nears $150 Billion Valuation
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday. 
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday. -
Nvidia Rejoins $3 Trillion Club as CEO Jensen Huang’s Wealth Surges by $2.3 Billion
Nvidia has once again reached a market capitalization of $3 trillion, a remarkable milestone that underscores the company's central role in the AI revolution. As shares of the chipmaker surged by more than 2% on Wednesday, Nvidia CEO Jensen Huang saw his net worth increase by $2.3 billion, bringing his total fortune to $108 billion, according to Forbes. This remarkable rise further solidifies Huang's position as one of the wealthiest individuals in the world. 
Nvidia has once again reached a market capitalization of $3 trillion, a remarkable milestone that underscores the company's central role in the AI revolution. As shares of the chipmaker surged by more than 2% on Wednesday, Nvidia CEO Jensen Huang saw his net worth increase by $2.3 billion, bringing his total fortune to $108 billion, according to Forbes. This remarkable rise further solidifies Huang's position as one of the wealthiest individuals in the world. -
OpenAI to Drop Non-Profit Control, Sam Altman to Receive Major Equity Stake in $150 Billion AI Giant Amid Leadership Exodus
OpenAI, the artificial intelligence research lab behind the breakthrough ChatGPT, is undergoing a significant restructuring that will shift control away from its non-profit board. Sources close to the situation say the company plans to become a for-profit benefit corporation, a move designed to attract further investment while providing equity to CEO Sam Altman for the first time. 
OpenAI, the artificial intelligence research lab behind the breakthrough ChatGPT, is undergoing a significant restructuring that will shift control away from its non-profit board. Sources close to the situation say the company plans to become a for-profit benefit corporation, a move designed to attract further investment while providing equity to CEO Sam Altman for the first time. -
Google Files EU Antitrust Complaint, Accuses Microsoft of Stifling Cloud Competition
Google has filed an antitrust complaint with the European Union's top antitrust regulator, accusing Microsoft of stifling competition in the multibillion-dollar cloud computing industry. 
Google has filed an antitrust complaint with the European Union's top antitrust regulator, accusing Microsoft of stifling competition in the multibillion-dollar cloud computing industry. -
Microsoft Partners with Constellation to Revive Three Mile Island Nuclear Plant for AI Power
In a landmark move signaling both the resurgence of nuclear power and the energy demands of tech companies, Constellation Energy announced plans to restart the dormant Three Mile Island Unit 1 reactor in Pennsylvania. This initiative, aimed at powering Microsoft's growing artificial intelligence (AI) operations, is part of a 20-year energy deal between the two companies. The project reflects the increasing reliance of the tech industry on clean, reliable energy sources to meet the power needs of expanding data centers. 
In a landmark move signaling both the resurgence of nuclear power and the energy demands of tech companies, Constellation Energy announced plans to restart the dormant Three Mile Island Unit 1 reactor in Pennsylvania. This initiative, aimed at powering Microsoft's growing artificial intelligence (AI) operations, is part of a 20-year energy deal between the two companies. The project reflects the increasing reliance of the tech industry on clean, reliable energy sources to meet the power needs of expanding data centers.
