Samsung computers, Huawei smartphones
, Redmi handsets and dozens of Chinese and Malaysian passports. Some suspects fled the scene, and when police moved in, nearly 20 Chinese nationals were taken i… [+17239 chars]

As the Chinese scam industry spreads beyond Asia’s fortified compounds, it’s become cheaper and easier to run — thanks to AI — and harder to kill.

Bloomberg

AI's Supercharging a Scam Economy Bigger Than the Cocaine Trade - Bloomberg.com

Artificial intelligence is now used by almost 90% of legal professionals in the U.K. and Ireland, and it's putting one of the profession's oldest conventions the billable hour under the microscope.
… [+4628 chars]

AI adoption is forcing the legal profession to rethink the billable hour and how lawyers build expertise.

CNBC

AI is changing how lawyers work — and putting the billable hour under pressure - CNBC

As SpaceX struggles to launch Starlink in India, Elon Musk has stepped up his attack on billionaire Mukesh Ambani, mockingly calling him the countrys “prime minister” to suggest he wields outsized co… [+3676 chars]

Elon Musk has accused Indian billionaire Mukesh Ambani of blocking competition.

TechCrunch

Elon Musk intensifies attack on Ambani over Starlink India launch delay - TechCrunch

United Auto Workers President Shawn Fain, an adversary of President Donald Trump, said he won in his reelection bid Friday, notching him another four-year term leading one of the countrys most powerf… [+59 chars]

United Auto Workers President Shawn Fain said Friday that he had easily beat his top challenger.

The Washington Post

UAW leader reviled by Trump declares victory in reelection - The Washington Post

OpenAIs latest math release has some academics celebrating breakthroughs and others wondering what happens to the researchers who were still working toward them.
Tristan Buckmaster, a mathematics pr… [+2547 chars]

OpenAI's release of hundreds of AI-generated math papers raised questions over its training data and what it would do to the academic norms in math.

Business Insider

A mathematician says OpenAI wiped out entire research programs in one day - Business Insider

SALT LAKE CITY Utah-based Crumbl is closing dozens of stores and laying off employees at the company's headquarters after a bad batch of sales reports.
The cookie company's sales in August were 70% … [+1190 chars]

Crumbl is closing dozens of stores and laying off employees at the company's headquarters after a bad batch of sales reports.

KSL.com

Utah-based Crumbl closes dozens of locations as inflationary pressure takes a bite out of sales - KSL News

Executives at top AI companies like OpenAI and Anthropic are plotting potential responses if an AI catastrophe triggers a public and political revolt, according to a report.
The preparations focus o… [+2639 chars]

The preparations are focused on creating contingency plans in the event that one of their AI models causes major public harm – such as a hack targeting the power grid, water supply or banking syste…

New York Post

AI companies plot how to respond if catastrophic hacking incident causes ‘revolt’: report - New York Post

TypeSafe AI, the developer of Jev, a new type of AI model that gained rapid popularity after launching just a few weeks ago, has raised $870 million at a $7.5 billion valuation. The round was led by … [+1175 chars]

What has users and large corporations so excited about Jev is TypeSafe’s claim that it works significantly faster and uses far fewer tokens than LLMs.

The maker of non-text AI model Jev valued at $7.5B just weeks after launch - TechCrunch

Three former OpenAI employees are raising concerns over the circumstances of their dismissals and the company's commitment to safety, amid intense public scrutiny of the artificial intelligence indus… [+6227 chars]

The three fired workers say OpenAI punished them for being outspoken about safety. The company disputes the claims and says they were fired over mishandling sensitive information.

Fired OpenAI employees question the company's commitment to safety - NPR

MEMPHIS, Tenn. Demarcus Dickerson, also known as the “Gatorade Man,” is continuing to receive support from the community following his arrest Tuesday for allegedly blocking traffic.
Now, a local pas… [+1440 chars]

MEMPHIS, Tenn. — Demarcus Dickerson, also known as the “Gatorade Man,” is continuing to receive support from the community following his arrest Tuesday for allegedly blocking traffic. Now, a local pastor is preparing to give him a car and an LLC. We spoke to …

WREG NewsChannel 3

‘It’s amazing’: Gatorade Man getting car, LLC from local church - WREG.com

Sometimes the key to building wealth is just sticking around, new Federal Reserve data suggests. 
The 18 million U.S. households headed by someone 75 or older have the highest median net worth of an… [+3054 chars]

The smallest age group in the U.S. is also the richest, with a 37% jump in net worth over the last three years — far higher than any other group.

CBS News

These 18 million households now rank as the richest in the U.S., new Fed data shows - CBS News

When T-Mobile and Sprint completed their merger in 2020, one of the conditions the company agreed to was selling off its 800 MHz spectrum portfolio. It took a while, but that sale was completed in Au… [+2155 chars]

SpaceX says it plans to ‘become a major mobile carrier in the US’ — here’s why it needs walkie-talking frequencies to succeed.

Yahoo Entertainment

SpaceX snaps up the 800 MHz spectrum T-Mobile dumped for $2.9 billion — and T-Mobile, Verizon, AT&T stocks are sliding - Yahoo Finance

Revelations that the AI giant’s annualised revenues were $20bn less than previously reported triggered volatility in US stocks

Financial Times

The hazy OpenAI growth metric driving Wall Street - Financial Times

US stocks ended the week inches away from record highs as investors brushed aside concerns around the artificial-intelligence spending spree and an energy crunch to prepare for the start of earnings … [+519 chars]

US stocks ended the week inches away from record highs as investors brushed aside concerns around the artificial-intelligence spending spree and an energy crunch to prepare for the start of earnings season.

US Stocks Set to Rebound as Oil Slips, AI Bubble Fears Recede - Bloomberg.com

A short but important week is ahead for the U.S. bond market, which will be closed on Monday, Oct. 12, for Columbus Day.
Big banks will kick off quarterly earnings on Tuesday, even though the stock … [+279 chars]

The bond market will be closed on Monday for Columbus Day, but the stock market will operate normally

MarketWatch

Here’s how Treasury yields could rise to 6% — even without market upheaval - MarketWatch

As Google prepares to roll out its new Gemini 4 'Argon' model to the public, staff inside the company are testing better versions that may further close the gap with rivals.
Most recently, employees… [+3037 chars]

Google is rolling out new Gemini 4 models to staff ahead of a public release. The latest is called Carbon, and staff are loving it.

Google is about to roll out a new AI model. Employees say they're testing another that's way better. - Business Insider

Thieves stole about 30,000 bottles of some of Italy's most prized wines worth an estimated $5.8 million from a winery in Tuscany, in what the producer described Friday as the country's largest wine t… [+2351 chars]

The theft targeted the Marchesi Antinori winery near Cortona, in the province of Arezzo, the company said.

Thieves steal 30,000 bottles of Italy's most prized wines in $5.8 million heist - CBS News

DETROIT (AP) As President Donald Trump travels the country to rally support for Republican candidates ahead of the midterm elections, he is touting his economic agenda and crediting GOP-backed tariff… [+7626 chars]

As President Donald Trump crisscrosses the country to rally support for Republican candidates, he is touting his economic agenda and crediting tariffs with economic growth — including what he says are more vehicle manufacturing plants all over the country. “O…

Associated Press

FACT FOCUS: Trump says tariffs have brought more US auto factories. His numbers are off. - AP News

The stock market has been on an extraordinary run over the last few years. Since the bear market bottomed out on Oct. 12, 2022, the S&amp;P 500 (SNPINDEX: ^GSPC) has risen 118% while the Nasdaq Compo… [+5705 chars]

As the stock market continues to soar, some investors worry a crash is on the way.

Motley Fool

If a Stock Market Crash Is Coming, Warren Buffett Says This Is the Smartest Move to Make Right Now - Yahoo Finance

President Trump applauds the six recipients of this years National Medals of Science and National Medals of Technology and Innovation on Thursday in Washington, D.C. Five were born outside the U.S., … [+6613 chars]

Microsoft’s Satya Nadella followed the path from a temporary work visa to permanent residency to U.S. citizenship. On Thursday, President Trump honored him with a national medal, hours after the administration blocked Microsoft from sponsoring its foreign wor…