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Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025.Stefani Reynolds | Bloomberg | Getty ImagesNvidia disclosed on Friday that its stake in Elon Musk’s SpaceX was worth about $21 billion at the end of the second quarter. The chipmaker said in a filing with the Securities and Exchange Commission that it owns 122.8 million Class A shares in Elon Musk’s rocket maker, which held its public market debut in June. SpaceX’s stock closed…

Nationwide has increased interest rates on its fixed term savings accounts and ISAs, with customers now able to get up to 4.7% on their cash savings.The higher rates are available if you lock your money away to grow for a fixed amount of time, with no withdrawals allowed.For the ISA products, any interest earned during the term will be tax-free. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the latest investment and personal finances news, market analysis, plus money-saving…

Chinese Z.ai is known for developing an AI model that defended against a cyberattack by OpenAI models. (Photo by Tomoko Wakasugi)TOMOKO WAKASUGIAugust 15, 2026 06:49 JSTSHANGHAI — Chinese AI startup Z.ai has released a model with enhanced coding and security capabilities said to rival leading competitors, the company announced Friday.

Consumers’ flight from brick-and-mortar stores in malls became a major problem for retailers as internet sales and e-commerce began taking business away from physical stores in the 1990s. Malls were hit even harder from the shutdowns during the Covid-19 pandemic, with retail slowly recovering over the last six years. Boatworks at Tahoe LLC, a Lake Tahoe shopping mall and hotel owner, filed for Chapter 11 bankruptcy protection to avoid a foreclosure auction that was scheduled for Aug. 12. The owner of Boatworks Mall and Inn at the Boatworks in Tahoe City, Calif., files for bankruptcy. PeopleImages / Getty Images Boatworks…

There’s an ongoing arms race to protect identities and privacy in the age of facial recognition, biometric scanning and data collection. Now, some of those concerns are coming from the influx of wearables, namely, smart glasses, and how to go about protecting oneself from being filmed in public. Some joke about singing Disney songs, others use software, and some have even resorted to physical tricks.  And the concern is warranted: Meta’s Ray-Ban Meta Glasses, for example, have been coined “pervert glasses” for recording people undressing, and the company is even being sued after a study revealed Meta’s subcontractors are viewing…

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Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023.Ethan Miller | Getty Images Entertainment | Getty ImagesCisco shares dropped in extended trading on Wednesday despite a better-than-expected earnings report and a revenue forecast that sailed past estimates.Here’s how the company did compared with analyst estimates, according to LSEG:Earnings per share: $1.22 adjusted vs. $1.17 expectedRevenue: $17.25 billion vs. $16.82 billion expectedEntering the fiscal fourth-quarter report, Wall Street had turned bullish on Cisco, pushing the stock up more than 60% this year and about 8% this month…

On August 5, chief AI scientist Jeff Dean announced he was leaving Google after 27 years. Google proceeded to lose ~$180 billion in market cap, making this the largest impact I’ve ever seen by one employee departing. He’s co-founding Discovery Loop, a public benefit corporation aimed at using AI to automate the scientific research process itself. He’s bringing Sanjay Ghemawat, Oriol Vinyals, and Quoc Le with him. Alphabet is a founding investor and cloud partner. We created a pitch deck to tell a handful of VC firms about us and what we were up to (a fun experience!). Here’s a…

The Commodity Futures Trading Commission is conducting an internal review into “mention markets” on prediction platforms, people familiar with the situation told CNBC Friday. Mention markets are made up of contracts where traders speculate on whether specific words will be used in a speech, a corporate earnings call with analysts and investors or a television broadcast. One of the people familiar with the matter said the CFTC first alerted platform Kalshi of the review several weeks ago. The platform removed sports-related mention markets around the same time the CFTC — the federal regulator for prediction markets — alerted the company, the…

1. What sort of maths are LLMs good at? 2. “People think the superrich are unhappy,” she said. “They’re not.” (NYT) 3. Trailer for a Celibadache biopic. 4. Good Joshua Saxe post on the need for a better cybersecurity policy. 5. Refine goes to work on the Stanford Encyclopedia of Philosophy.  At some point we will be reexamining everything, good luck people. 6. A semi-consistent EA view that nuclear energy is bad (not my view though). 7. Updated AI and labor market results, and a summary here. The post Friday assorted links appeared first on Marginal REVOLUTION.