Jonathan Wong
The Latest
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Saudi Aramco Tells European Buyers No Crude Is Available for October, Sending Oil Back Above $100
Saudi Aramco has told European refiners they won't receive contracted crude shipments next month as damage to Saudi Arabia's East-West pipeline deepens a supply crunch already aggravated by disruptions in the Strait of Hormuz and growing threats to Red Sea shipping, according to Bloomberg. Oil prices erased steep early losses following the report. 
Saudi Aramco has told European refiners they won't receive contracted crude shipments next month as damage to Saudi Arabia's East-West pipeline deepens a supply crunch already aggravated by disruptions in the Strait of Hormuz and growing threats to Red Sea shipping, according to Bloomberg. Oil prices erased steep early losses following the report. -
Nvidia CEO Jensen Huang Rejects Broad AI Rules, Says Governments Should Regulate Products Instead
Nvidia CEO Jensen Huang pushed back against broad regulation of artificial intelligence, arguing that governments should police the products and services built with AI rather than regulate the underlying technology itself as policymakers confront growing calls for tighter controls on advanced systems. 
Nvidia CEO Jensen Huang pushed back against broad regulation of artificial intelligence, arguing that governments should police the products and services built with AI rather than regulate the underlying technology itself as policymakers confront growing calls for tighter controls on advanced systems. -
Warren Buffett Steps Down as Berkshire Chairman at 96, Ending Six-Decade Leadership Era
Warren Buffett is stepping down as chairman of Berkshire Hathaway, ending another chapter of his six-decade stewardship of the $1.1 trillion conglomerate nine months after Greg Abel succeeded him as chief executive. Buffett's son Howard Buffett will become chairman, separating oversight of Berkshire's board from the day-to-day leadership now held by Abel. 
Warren Buffett is stepping down as chairman of Berkshire Hathaway, ending another chapter of his six-decade stewardship of the $1.1 trillion conglomerate nine months after Greg Abel succeeded him as chief executive. Buffett's son Howard Buffett will become chairman, separating oversight of Berkshire's board from the day-to-day leadership now held by Abel. -
Zuckerberg Says Meta Delayed Muse for Months but Rejects Calls for Industrywide AI Slowdown
Meta CEO Mark Zuckerberg pushed back against calls for a coordinated slowdown in frontier artificial-intelligence development, arguing that AI companies already have powerful commercial and legal incentives to make their systems safe and aligned with users. 
Meta CEO Mark Zuckerberg pushed back against calls for a coordinated slowdown in frontier artificial-intelligence development, arguing that AI companies already have powerful commercial and legal incentives to make their systems safe and aligned with users. -
Sam Altman Warns Powerful AI Could Become ‘Extremely Dystopian’ if Control Is Concentrated
OpenAI Chief Executive Sam Altman warned that increasingly powerful artificial intelligence could produce an "extremely dystopian" future if humans lose control of the technology or if its capabilities become concentrated in a single company, individual or country. 
OpenAI Chief Executive Sam Altman warned that increasingly powerful artificial intelligence could produce an "extremely dystopian" future if humans lose control of the technology or if its capabilities become concentrated in a single company, individual or country. -
TSMC August Revenue Surges 53% to Record $16.35 Billion as AI Chip Demand Accelerates
Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August, as surging investment in artificial-intelligence infrastructure kept demand elevated for the advanced processors used in data centers and reinforced the Taiwanese chipmaker's commanding position in global semiconductor manufacturing. 
Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August, as surging investment in artificial-intelligence infrastructure kept demand elevated for the advanced processors used in data centers and reinforced the Taiwanese chipmaker's commanding position in global semiconductor manufacturing. -
Amazon Sued by Pregnant Warehouse Workers Alleging Denied Bathroom Breaks and Firings
Amazon was sued Tuesday by four former warehouse employees who allege the company systematically denied pregnant workers accommodations including bathroom and water breaks, permission to sit and time away for prenatal care, then penalized or fired some employees for pregnancy-related absences. 
Amazon was sued Tuesday by four former warehouse employees who allege the company systematically denied pregnant workers accommodations including bathroom and water breaks, permission to sit and time away for prenatal care, then penalized or fired some employees for pregnancy-related absences. -
Nvidia Buys Hugging Face for $12.9 Billion as Jensen Huang Pledges to Keep AI Platform Open
Nvidia agreed to acquire Hugging Face for $12.9 billion, giving the world's dominant AI-chip company control of one of the most widely used platforms for sharing and deploying artificial-intelligence models while promising to preserve its open-source character. 
Nvidia agreed to acquire Hugging Face for $12.9 billion, giving the world's dominant AI-chip company control of one of the most widely used platforms for sharing and deploying artificial-intelligence models while promising to preserve its open-source character. -
Bank of America’s $72.5 Million Epstein Settlement Wins Final Approval, With About 60 Women Expected to Receive Payments
A federal judge has approved Bank of America's $72.5 million settlement with women who allege they were abused or trafficked by Jeffrey Epstein or people associated with him, making the lender the third major bank to pay to resolve litigation tied to its banking relationship with the late financier. 
A federal judge has approved Bank of America's $72.5 million settlement with women who allege they were abused or trafficked by Jeffrey Epstein or people associated with him, making the lender the third major bank to pay to resolve litigation tied to its banking relationship with the late financier. -
Amazon Raises AI Spending to $220 Billion as Worker Reliance on SNAP and Medicaid Nearly Triples
Amazon is preparing to spend as much as $220 billion on capital projects in 2026, much of it tied to artificial intelligence infrastructure, as a new Government Accountability Office report shows that thousands of its workers continue to rely on Medicaid and federal food assistance. 
Amazon is preparing to spend as much as $220 billion on capital projects in 2026, much of it tied to artificial intelligence infrastructure, as a new Government Accountability Office report shows that thousands of its workers continue to rely on Medicaid and federal food assistance.
