❌

Reading view

Stock market turmoil sheds stark light on the opaque AI economy

Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakers

Even for the rollercoaster world of AI, last week was particularly volatile as investors scrambled to keep up with developments that threatened the dominance of the largest western chipmakers.

It began with a double whammy. On Monday, the Chinese memory chipmaker CXMT floated on the Shanghai stock market, soaring by 466% in value to 3.3tn yuan (£365bn).

Continue reading...

© Photograph: Bart van Overbeeke Fotografie/AS/Reuters

© Photograph: Bart van Overbeeke Fotografie/AS/Reuters

© Photograph: Bart van Overbeeke Fotografie/AS/Reuters

  •  

China’s tech advances are causing chaos from Silicon Valley to the White House

New AI models, advanced robots and specialty computer chips are unsettling markets and the US tech industry

Over the past month, a series of advancements in China’s artificial intelligence, chip manufacturing and robotics technologies have rattled financial markets, caused divisions among US tech moguls and left the Trump administration scrambling to respond.

Silicon Valley has long pointed to China’s tech industry as a competitive threat and used its growth as rationale for why US firms should not face regulatory oversight that could slow them down. In recent weeks, however, China’s progress has pushed US tech CEOs past vague warnings and into open disagreement over how to address Chinese-made products upending their industry.

Continue reading...

© Photograph: Héctor Retamal/AFP/Getty Images

© Photograph: Héctor Retamal/AFP/Getty Images

© Photograph: Héctor Retamal/AFP/Getty Images

  •  

Drones offer alternative to balloons for weather research

Pre-programmed flights gather data at different altitudes then return to bases to recharge and download

Weather happens in the boundary layer, the atmosphere from ground level to a few thousand metres, but this can be difficult to study in detail: weather stations are too low, and aircraft are expensive. Instrumented weather balloons are the traditional solution, and thousands are released every day. But these are at the mercy of the wind and use irreplaceable helium.

Drones offer an alternative and the US company Meteomatics has taken the idea further with Meteobase, a base station on the ground with a drone that can be launched and recovered automatically. It carries out a pre-programmed flight, gathering data at different altitudes, then returns to recharge and download data which the Meteobase sends to researchers.

Continue reading...

© Photograph: Miguel Roberts/AP

© Photograph: Miguel Roberts/AP

© Photograph: Miguel Roberts/AP

  •  

Anthropic’s AI Claude hacked into three organizations during cybersecurity test

Company says it discovered unauthorized access during ‘proactive review’ after rival OpenAI revealed rogue agent

Anthropic ⁠said on Thursday its AI Claude model hacked ⁠systems of ⁠three ​organizations during testing, days after rival OpenAI ⁠revealed a rogue agent had gone on a days-long ⁠hacking spree at the AI ​firm Hugging ‌Face.

Claude gained ‌unauthorized access to the ‌systems during cybersecurity evaluations after a misconfiguration allowed the models to reach the internet from testing environments that ‌were supposed to be isolated, Anthropic said.

Continue reading...

© Photograph: Anthropic

© Photograph: Anthropic

© Photograph: Anthropic

  •  

Flock surveillance cameras can pose a crash risk for drivers, US experts say

Roadside safety advocates say some automated license plate readers may not meet highway safety standards

Flock Safety cameras have been pilloried for facilitating the AI-powered surveillance of private citizens and for targeting immigrants for years. But now safety advocates are also claiming that their physical location can pose potential roadside hazards.

At the bottom of a tree-lined hill on a narrow, two lane rural road in Greene county, Ohio, stands a black metal rod with a camera and solar panel attached at the top.

Continue reading...

© Photograph: SOPA Images/LightRocket/Getty Images

© Photograph: SOPA Images/LightRocket/Getty Images

© Photograph: SOPA Images/LightRocket/Getty Images

  •  

Trump says nearly 200 firms have signed pledge to protect Americans from costs arising from datacenters

‘Ratepayer Protection Pledge’ president has touted is non-binding as people continue to struggle with rising bills

Donald Trump has announced that about 200 entities have signed on to his non-binding “Ratepayer Protection Pledge”, expanding a voluntary commitment which claims to ensure US consumers will not bear the cost of the AI datacenter build-out.

Trump delivered remarks on Thursday at the Environmental Protection Agency (EPA) headquarters, alongside Lee Zeldin, the agency’s administrator, and Chris Wright, the energy secretary. Other attenders included governors who signed on to the pledge, including Brian Kemp of Georgia, Mike DeWine of Ohio, Spencer Cox of Utah and Jeff Landry of Louisiana.

Continue reading...

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

  •  

Elon Musk says he got ‘carried away’ with Trump – but still holds on to contentious political views

In interview, billionaire says instead of running ‘Doge’ he should’ve ‘worked on my companies’ and shares extreme predictions

Elon Musk has admitted he became too consumed by politics during his volatile alliance with Donald Trump and his brief appointment as the president’s financial axman, running the so-called “department of government efficiency” (Doge).

The world’s richest person, and briefly its first trillionaire after his SpaceX company floated on the New York stock exchange in June, made the confession in a wide-ranging interview with the Economist published on Thursday. He shared his positions on subjects from foreign wars to AI, and made a number of eye-opening predictions for the future.

Continue reading...

© Photograph: Kevin Dietsch/Getty Images

© Photograph: Kevin Dietsch/Getty Images

© Photograph: Kevin Dietsch/Getty Images

  •  

Saudi Arabia and US strike deal for kingdom to enrich uranium

Donald Trump approves agreement to help country make fuel for civilian nuclear programme

Donald Trump signed a nuclear agreement with Saudi Arabia on Wednesday that could enable the kingdom to enrich its own uranium for nuclear reactions.

The US energy secretary, Chris Wright, and his Saudi counterpart, Prince Abdulaziz bin Salman, signed “a peaceful nuclear cooperation agreement” and “an accompanying bilateral safeguards agreement,” according to a statement from the US Department of Energy.

Continue reading...

© Photograph: Win McNamee/Getty Images

© Photograph: Win McNamee/Getty Images

© Photograph: Win McNamee/Getty Images

  •  

AI agent went rogue and hacked startup by itself, OpenAI reveals

Company behind ChatGPT says agent ‘cheated’ an evaluation by attacking a Hugging Face database

OpenAI has revealed that an autonomous AI agent powered by its technology went rogue during a test, accessed the open web and hacked a prominent startup by itself in an “unprecedented incident”.

The company behind ChatGPT said the startup Hugging Face had detected and contained the agent – an AI tool designed to carry out tasks without human assistance – which had entered its systems.

Continue reading...

© Photograph: Andre M Chang/ZUMA Press Wire/Shutterstock

© Photograph: Andre M Chang/ZUMA Press Wire/Shutterstock

© Photograph: Andre M Chang/ZUMA Press Wire/Shutterstock

  •  

Harry Potter publisher to receive millions in Anthropic copyright settlement

Bloomsbury has 14,087 titles listed in agreement between AI startup and authors over use of their work

The publisher of Harry Potter has received a multimillion-pound payout as a beneficiary of a $1.5bn (£1.12bn) copyright settlement between the AI startup Anthropic and thousands of authors over the use of their protected work to power chatbots.

Bloomsbury, which is home to the bestselling novelists Sarah J Maas and Susanna Clarke as well as JK Rowling, said it had 14,087 titles listed within the settlement, with a proposed compensation of about $3,000 a title.

Continue reading...

© Photograph: Murdo Macleod/The Guardian

© Photograph: Murdo Macleod/The Guardian

© Photograph: Murdo Macleod/The Guardian

  •  

The New York nurses replaced by AI: ‘It should concern every patient who cares about quality of care’

The union for 12 nurses laid off by Montefiore hospital say company broke contract they recently won through a strike

Marilyn Shuler has worked as a utilization review nurse for 39 years at Montefiore hospital in the Bronx in New York City, helping to read patient charts and communicate with insurance companies over coverage.

After nearly four decades in her job, Shuler is one of 12 nurses who were laid off Sunday after being replaced with AI-powered software, according to the New York State Nurses Association (NYSNA), which represents nurses at the hospital.

Continue reading...

© Photograph: Andrés Kudacki/AP

© Photograph: Andrés Kudacki/AP

© Photograph: Andrés Kudacki/AP

  •  

US launches 10th round of strikes as Iran says it is in ‘full-scale war’

Diplomats say de-escalation talks continue as Trump vows retaliation over US soldier deaths

The US military said it has launched its 10th consecutive round of strikes on Iran to force the reopening of the strait of Hormuz.

Earlier on Monday, Iran’s president said the country is in a “full-scale war” after the US expanded its aerial campaign and Tehran struck Washington’s Gulf allies, even as diplomats said talks to de-escalate were continuing.

Continue reading...

© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

  •  

On a Colorado farm, solar panels bring shade for plants, power – and cash: in pictures

More than 3,000 solar panels power Jack’s Solar Garden, cool the land and help it turn a profit

The Guardian receives support for visual climate coverage from the Outrider Foundation. The Guardian’s coverage is editorially independent

Continue reading...

© Photograph: Thalia Juarez/The Guardian

© Photograph: Thalia Juarez/The Guardian

© Photograph: Thalia Juarez/The Guardian

  •  

Molten salt and human sweat: the weird batteries that could store renewable energy

From Nevada to Manchester, developers are trialling innovative solutions to clean energy’s biggest challenge

In the deserts of the United Arab Emirates a sprawling clean energy project, stretching across an area roughly the size of 12,600 football fields, will play host to a breakthrough allowing solar energy to power the equivalent of half a million homes through the night.

The Gulf state has been steadily combining 5.2GW of solar power capacity with 19GWh of battery storage to create the largest battery scheme in the world.

Continue reading...

© Photograph: UCG/Universal Images Group/Getty Images

© Photograph: UCG/Universal Images Group/Getty Images

© Photograph: UCG/Universal Images Group/Getty Images

  •  

Trump made $1.4bn from crypto in one year. Is Justin Sun the man who helped him do it?

The entrepreneur is known in Washington as the financial power behind the president’s crypto fortune. How did Sun’s business love-in with the Trump family spiral into dueling lawsuits?

The most infamous financial scandal in US presidential history – the 1920s Teapot Dome affair – involved then president Warren G Harding’s interior secretary, Albert Fall, taking roughly $400,000 in bribes. Adjusted for inflation, that’s about $6m today. Last year, Donald Trump made at least $2.2bn; his single year of income is on the order of 200 to 300 times larger than the bribe that defined “presidential corruption” in the American imagination for a century.

It’s taken for granted that Trump flogs items like Bibles and gold sneakers as a way to wring more money from his loyal base. But of the president’s $2.2bn, at least $1.4bn came from his crypto businesses. That’s an extraordinary achievement, even for an unscrupulous sitting president. How exactly did he do it without any prior background in crypto?

Continue reading...

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

  •  

Trump rails against New York’s statewide datacenter moratorium

AI-friendly president shared a post saying governor Kathy Hochul should scrap the one-year policy ‘IMMEDIATELY’

Donald Trump railed against the New York governor, Kathy Hochul, for pausing the construction of large new datacenters, the resource-intensive facilities that power artificial intelligence.

New York became the first US state to enact a moratorium on new datacenters on Tuesday, when Hochul signed an executive order mandating a one-year statewide pause on so-called “hyperscale” datacenters.

Continue reading...

© Photograph: Matt Roberts/Shutterstock

© Photograph: Matt Roberts/Shutterstock

© Photograph: Matt Roberts/Shutterstock

  •  

George Lucas likens AI sceptics to luddites clinging to horses and carts

Star Wars director calls AI technology ‘the future’ of film-making and says ‘there’s nothing you can do about it’

The Star Wars director, George Lucas, has added his voice to the growing chorus of film-makers receptive to the rising use of AI tools in moviemaking.

Speaking in an interview with A Rabbit’s Foot, Lucas, 82, said: “Artificial intelligence means it’s much easier for us to make movies.”

Continue reading...

© Photograph: Angela Weiss/AFP/Getty Images

© Photograph: Angela Weiss/AFP/Getty Images

© Photograph: Angela Weiss/AFP/Getty Images

  •  

Over 1,600 energy department webpages on utility bill savings removed as US temperatures soar

Guardian analysis found the removals coincided with the Trump administration’s push to weaken efficiency rules

As millions of Americans prepare for another brutal heatwave, it’s now harder to find information about ways to stay cool while saving energy and keeping utility costs down.

At least 1,662 Department of Energy webpages offering guidance on protecting the electrical grid during heatwaves have gone dark as of 3 July, according to a Guardian analysis of a list of deleted URLs provided by researchers at the Internet Archive, a non-profit that hosts a repository of more than a trillion archived webpages.

Continue reading...

© Illustration: Guardian Design

© Illustration: Guardian Design

© Illustration: Guardian Design

  •  

New York becomes first state to impose one-year pause on new AI datacenters

Governor Kathy Hochul issues executive order enacting a moratorium on the large, resource-intensive AI facilities

New York became the first US state to enact a moratorium on new datacenters on Tuesday.

Governor Kathy Hochul issued an executive order mandating a one-year statewide pause on the large facilities used to power artificial intelligence products, which she signed at a mid-morning press conference.

Continue reading...

© Photograph: Albany Times Union/Hearst Newspapers/Getty Images

© Photograph: Albany Times Union/Hearst Newspapers/Getty Images

© Photograph: Albany Times Union/Hearst Newspapers/Getty Images

  •  

Datacentres drive up big tech’s carbon emissions to a third of those of France

Microsoft, Amazon and Google say they still aim to achieve net zero output despite construction boom

Microsoft, Amazon and Google’s collective carbon emissions have increased by nearly a fifth in the past year, driven largely by datacentre construction.

In the financial year ending March 2026, the three tech companies emitted 119m mTCO₂e (metric tonnes of carbon dioxide equivalent), or about a third of those of France.

Continue reading...

© Photograph: Audrey Richardson/Reuters

© Photograph: Audrey Richardson/Reuters

© Photograph: Audrey Richardson/Reuters

  •  
❌