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Cheng Xin | Getty Images News | Getty ImagesBitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic, CNBC’s David Faber has confirmed. The agreement would lease 191 megawatts at Riot’s Rockdale, Texas computer campus, giving Anthropic access to scarce, grid-connected power as demand surges for computing power that can be used to provide artificial intelligence – and transitioning Riot from bitcoin miner to AI infrastructure landlord. Shares initially soared more than 20% in reaction before giving up almost the entire gain. The agreement is expected to generate $9.1 billion in revenue over its 20-year term,…
“I did not realize that this was going to be as big of a problem as it is,” says Solovewicz, who is not publicly naming impacted entities. The researcher has been alerting affected companies of their problems, encouraging them to fix the errors and misconfigurations. “I just want companies and organizations to do the right thing and to be auditing their systems and fixing their stuff.” Solovewicz says that the noreply.net domain is the largest he owns and has received 400,000 messages over the year and a half that he’s owned it, with 28,365 of those containing attachments. The noreply.us…
Global hotel giant IHG told CNBC a “growing middle class” is boosting travel demand, as it reported a boost in profits despite the Middle East conflict.The U.K. company, owner of brands like Holiday Inn, Holiday Inn Express, Crowne Plaza, and Six Senses, reported Tuesday that operating profits from reportable segments grew 10% in the first half of the year to $665 million. Revenue from reportable segments was up 7% to $1.3 billion while global revenue per available room, “RevPAR,” grew 4.1%.While RevPAR was up 4.4% in the first quarter compared to the previous year, growth slowed in the second quarter…
The Manus logo is displayed on a smartphone screen, with the Meta logo visible in the background.Cheng Xin | Getty Images News | Getty ImagesManus said Tuesday it will “soon resume operating as an independent company,” after Chinese regulators in April demanded Meta unwind its $2 billion acquisition of the artificial intelligence startup. Last December, Meta announced it acquired Manus, a developer of general purpose AI agents that was founded in China in 2022 before relocating to Singapore. The deal quickly attracted scrutiny from Beijing and Washington, with Chinese officials investigating whether it violated the country’s rules on foreign investment.…
Wisconsin Democratic Gubernatorial candidate Francesca Hong speaks during a campaign rally on August 2, 2026 in Milwaukee, Wisconsin. Joshua Lott | Getty ImagesProgressives and moderates will face off again in Tuesday’s Democratic primary elections in Wisconsin and Minnesota as the party decides whether to lurch further to the left or chart toward the middle after crushing losses to Republicans in 2024.Populist progressives in recent months have capitalized on economic anger to defeat establishment Democratic candidates across the country, setting off a potentially seismic political shift within the party. Last week in Michigan, progressive former health official Abdul El-Sayed defeated the…
Countries are racing to expand their spy satellite fleets, as the war in Ukraine forces them to reconsider the intelligence they would rely on in a conflict, the CEO of a space-tech firm told CNBC. Russia’s full-scale invasion of Ukraine in 2022 marked a “pivotal moment” for the space industry, ICEYE co-founder and CEO Rafal Modrzewski told CNBC on Tuesday. Europe, as well as Japan, India and Brazil, are now looking to substantially expand their satellite fleets, he said.The market has “suddenly tenfolded in size,” Modrzewski said, adding that countries increasingly view the technology as critical to securing their sovereignty.Space, he added,…
The Federal Communications Commission has been shorthanded throughout President Trump’s second term, but it’s about to get a new commissioner. Unsurprisingly, Trump is breaking a historical norm with a nomination that would give Republicans a 3-1 advantage on the FCC. Historically, the president and Senate worked together to ensure that the president’s party maintained only a one-vote majority. Normally, the president’s party has three FCC members while the minority party has two. Instead of the typical 3-2 split, the FCC has operated with a 2-1 Republican majority during Trump’s second term. On Friday, Trump nominated Republican Danielle Thumann Severs to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is founder and CEO of Coracle, an education technology companyThe prisons crisis has cast a shadow over the optimism of Andy Burnham’s first few weeks in power as public outrage forced the government to put the policy of early releases under review. Much of the Sentencing Act 2026, designed to cut prison numbers, hasn’t even come into force. The prisons minister, James Timpson, resigned on the day the new prime minister took office. There is a simple and unavoidable arithmetic…
Imagine that you share a ride to work with the same colleague most mornings. As it passes by a license plate reader, the camera records the car, which can be linked through vehicle records to its registered owner. Beside it, another sensor detects signals broadcast by devices traveling nearby, such as your phone and your colleague’s smartwatch. After enough trips, software may treat some of those devices as a recurring electronic signature associated with the vehicle. Weeks later, one of the same device signals appears alongside a different car connected to an investigation. The signal itself may not contain its…
An Ukrainian rescuer works at the site of a Russian strike in Zaporizhzhia on August 11, 2026, amid the Russian invasion of Ukraine.Darya Nazarova | Afp | Getty ImagesUkrainian President Volodymyr Zelenskyy has warned that Russian President Vladimir Putin is preparing to escalate the war, calling on the country’s partners to ramp up sanctions pressure on Moscow and provide Kyiv with further air defense support. His comments come shortly after deadly Russian attacks across Ukraine overnight. At the same time, Ukraine continues to launch long-range drone strikes deep into Russian territory, targeting the likes of Amazon-style retail giant Wildberries.In a…