Samsung AI Chip Workers Secure Massive Bonuses After Strike Threat In South Korea

Samsung AI Chip Workers Secure Massive Bonuses After Strike Threat In South Korea

Samsung Electronics workers in South Korea voted to approve a major compensation agreement tied to the company’s booming AI semiconductor business after threatening to conduct a strike that could have altered global chip supply chains. The agreement came after months of tensions inside Samsung’s semiconductor division, where workers argued that soaring profits driven by artificial…

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Nick Manella: The Doom Is Mostly Vibes

Nick Manella: The Doom Is Mostly Vibes

Pexels Spend a week reading tech press right now, says Nick Manella of New Hope, PA, and you’ll come away convinced the labor market is on fire. AI is taking your job. Software engineering is dead. White-collar work is finished. Soon we’ll all be living in pods while seven guys in Atherton split the rest…

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Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Analysts and traders are struggling to respond to rapidly changing oil prices as conflicting developments regarding the war in Iran contribute to large swings practically on a daily basis. Callum Macpherson, head of commodities at Investec, said investors are finding it “incredibly hard” to interpret market signals amid contradictory statements from Washington and Tehran, CNBC…

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Bitcoin at $73K and Solana Under $90: What the Charts Say About Crypto’s Correction

Bitcoin at K and Solana Under : What the Charts Say About Crypto’s Correction

The crypto market is deep in a correction, and the sentiment data reflects it. Fear gauges have plunged toward levels historically associated with capitulation selling, the kind of environment where forced liquidations create prices that look very different six months later. Bitcoin is trading around $73,000 after retreating from highs near $109,000 earlier this year.…

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AI Backlash Has US Law Enforcement Concerned About ‘Anti-Tech Extremism’: Investigation

AI Backlash Has US Law Enforcement Concerned About ‘Anti-Tech Extremism’: Investigation

U.S. law enforcement and intelligence agencies are increasingly warning about what they are describing as “anti-tech extremism,” which stems from public anger over artificial intelligence, data centers, and fears of mass job displacement. A WIRED investigation based on more than 1,000 pages of unpublished documents obtained through Freedom of Information Act requests showed that the…

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U.S. GDP Revised Downward To 1.6%, Commerce Department Says

U.S. GDP Revised Downward To 1.6%, Commerce Department Says

The U.S.’s GDP growth in the first quarter of the year was revised downwards to 1.6% from 2% initially reported. The figure, given by the Commerce Department’s Bureau of Economic Analysis, stood in contrast with the expectations of economists surveyed by Reuters, who expected it not to change. The outlet went on to detail that…

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Google Security Engineer Charged With Using Confidential Information To Make Millions On Prediction Markets

Google Security Engineer Charged With Using Confidential Information To Make Millions On Prediction Markets

A Google engineer was arrested and charged with using confidential information to make millions on prediction markets. Concretely, Michael Spagnuolo has been charged with commodities fraud, wire fraud and money laundering. An Italian citizen, he had been working for the company for over 10 years and was based in Zurich, Switzerland. The complaint details that…

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