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Walmart’s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO.Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs.”If you look down deep and dig into the details of their earnings release today, you know this quarter they grew their gross profit margin in the U.S. business 25 basis points. So, they’re expanding their margin. They also reported their general merchandise categories were flattish because they had mid-single digit price deflation,” he told CNBC’s “Fast Money” on Thursday, the…

OpenAI CEO Sam Altman laid out a big vision for the future of ChatGPT at an AI event hosted by VC firm Sequoia earlier this month.  When asked by one attendee about how ChatGPT can become more personalized, Altman replied that he eventually wants the model to document and remember everything in a person’s life. The ideal, he said, is a “very tiny reasoning model with a trillion tokens of context that you put your whole life into.” “This model can reason across your whole context and do it efficiently. And every conversation you’ve ever had in your life, every…

Summary Timewalking dungeons in WoW are becoming more challenging with increased enemy health and damage scaling based on gear score. Gear and Timewarped Badge rewards are also increasing to compensate for the difficulty adjustments in Patch 11.1.7. These changes aim to provide a more authentic gameplay experience, encouraging players to learn their class abilities and rotations. World of Warcraft is making Timewalking dungeons more difficult in Patch 11.1.7 by giving enemies more health and better damage scaling by gear score, but it is increasing gear and Timewarped Badge rewards in the process. These adjustments are available for testing on the…

Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become accepted as a cheaper, faster alternative, O’Leary said at the Toronto conference. “Currency trading is a multi-trillion dollar market — and it’s old and ugly and inefficient,” O’Leary said, adding that “[ t]he biggest threat to that monopoly or oligopoly is a regulated stablecoin.” “Once that’s approved,…

On Thursday, Windsurf, a startup that develops popular AI tools for software engineers, announced the launch of its first family of AI software engineering models, or SWE-1 for short. The startup says it trained its new family of AI models — SWE-1, SWE-1-lite, and SWE-1-mini — to be optimized for the “entire software engineering process,” not just coding. The launch of Windsurf’s in-house AI models may come as a shock to some, given that OpenAI has reportedly closed a $3 billion deal to acquire Windsurf. However, this model launch suggests Windsurf is trying to expand beyond just developing applications to…

The morning after Elon Musk’s 2022 acquisition of Twitter (now X), reporters encountered two men with boxes outside the company’s headquarters. One introduced himself as recently laid-off Twitter engineer “Rahul Ligma.”  His real name is Rahul Sonwalkar but the prank went viral. While he never worked for X, he is actually very much a techy. Sonwalker spent several years working as an engineer at Uber. He even went through Y Combinator at that time, working on a logistics startup that he later scrapped before pivoting.   The now 27-year-old wants to draw attention to his more serious endeavor: Julius, the AI data analyst…

Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion. Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought…

Coders were hit hardest among Microsoft’s 2,000-person layoff in its home state of Washington, Bloomberg reports. Over 40% of the people laid off were in software engineering, making it by far the largest category, Bloomberg found based on state filings. Relatively few sales or marketing positions were affected, Bloomberg added.  To be fair, coders are a big chunk of Microsoft’s workforce, although it doesn’t disclose the exact proportion. The cuts are part of recent layoffs at Microsoft affecting about 6,000 people. Still, these cuts come after CEO Satya Nadella said last month that up to 30% of the company’s code…

A lawyer representing Anthropic admitted to using an erroneous citation created by the company’s Claude AI chatbot in its ongoing legal battle with music publishers, according to a filing made in a Northern California court on Thursday. Claude hallucinated the citation with “an inaccurate title and inaccurate authors,” Anthropic says in the filing, first reported by Bloomberg. Anthropic’s lawyers explain that their “manual citation check” did not catch it, nor several other errors that were caused by Claude’s hallucinations. Anthropic apologized for the error and called it “an honest citation mistake and not a fabrication of authority.” Earlier this week,…

CNN  —  The United States and United Arab Emirates will partner to build a massive data center complex in Abu Dhabi to advance artificial intelligence capabilities with 5-gigawatts of capacity — enough to power a major city. The agreement, announced Thursday during US President Donald Trump’s visit to the UAE, will mark the largest data center deployment outside of the United States, according to the Commerce Department. It will begin with a 1-gigawatt AI data center, but will eventually span 10 square miles. The project is also expected to expand the footprint of American AI and cloud companies in the…