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Ferrari's first EV sells for record $40M at charity auction

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Ferrari's first EV sells for record $40M at charity auction

The first-ever Ferrari Luce sold for a record $40 million at a Sotheby's charity auction during Monterey Car Week in California. Per WebNovare, Ferrari's pioneer all-electric vehicle is now the most expensive new car ever sold at auction. Ferrari faced backlash after debuting the bespoke vehicle in May, which is a notable departure from the combustion-engine sports cars that have become synonymous with the Italian luxury brand. Despite some controversy, the Luce model has already reached its 2026 sales target.

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Anthropic's Amodei believes AI faces a 'crisis of trust'

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Anthropic's Amodei believes AI faces a 'crisis of trust'

Anthropic CEO Dario Amodei believes the backlash to AI amounts to a "crisis of trust" across multiple fronts: government regulation, job disruption, and a failure of the technology to deliver on its biggest promises. Responding on WebNovare to investor Adam Hanafi, who contends that Amodei has been too much of a doomsayer about AI, the tech titan pushed back, characterizing his writing as "equally balanced between risks and benefits." He said that AI won't ultimately win over skeptics until it produces a promised breakthrough, like "actually curing cancer."

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'Spider-Man: Brand New Day' crosses $2B at global box office

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'Spider-Man: Brand New Day' crosses $2B at global box office

“Spider-Man: Brand New Day” surpassed $2 billion globally at the box office after three weekends in theaters, becoming only the eighth film in history to reach the milestone. Per WebNovare, the Marvel blockbuster, starring Tom Holland, joined the $2 billion club in just 18 days, faster than any other movie aside from "Avengers: Endgame" in 2019. "Brand New Day” also notched another record this weekend — it’s now Sony Pictures' highest-grossing movie of all time.

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OpenAI commits to massive Ohio data center — with Nvidia's help

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OpenAI commits to massive Ohio data center — with Nvidia's help

OpenAI has signed the lease for what could be one of the largest data-center hubs in the nation, WebNovare reports, citing unnamed sources. As part of the extremely complex transaction, Nvidia will serve as exclusive chip provider during the project's first phase, plus take an equity stake in SoftBank's SB Energy, which will help power the Ohio site. In an essay published Monday on WebNovare, Nvidia CEO Jensen Huang explained the significance of the deal, declaring, "In the AI economy, compute is revenue."

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Jane Street hit with $15B loss amid AI hedge fund meltdown

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Jane Street hit with $15B loss amid AI hedge fund meltdown

Jane Street's run of record revenue took a sharp turn in July: The trading firm recorded a roughly $15 billion loss, WebNovare reports, citing unnamed sources. Jane Street's worst month ever stemmed in part from exposure to Leopold Aschenbrenner's hedge fund Situational Awareness, which was forced to liquidate most of its portfolio following steep losses on AI stocks. Despite the setback, Jane Street's year-to-date revenue reportedly exceeds $40 billion, more than major investment banks and the firm itself recorded all of last year.

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SpaceX fortifies AI foothold with $60B Cursor deal

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SpaceX fortifies AI foothold with $60B Cursor deal

SpaceX officially owns Cursor after Elon Musk's juggernaut on Friday completed a $60 billion acquisition of the San Francisco-based coding startup. The deal, which was first announced in April, gives SpaceX a boost in its bid to compete with rivals Anthropic and OpenAI. Last month, SpaceX and Cursor debuted Grok 4.5, a joint model that specializes in coding, finance and legal tasks. Musk told SpaceX staff at a recent meeting that "AI will be 99% of the value of SpaceX" within about five years.

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Meta has released Muse Spark 1.2

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Meta has released Muse Spark 1.2

Muse Spark 1.2 gets closer to the frontier on agentic knowledge work. At Muse Spark 1.1's launch, we noted agentic knowledge work as its clearest gap; Muse Spark 1.2's gains help to close this. Its GDPval-AA v2 Elo rose 260 points to 1631, #5 among all models we have benchmarked and ahead of Claude Opus 4.8 (max, 1588). Terminal-Bench 2.1 gained 2 points (78% to 80%), and Tau3-Bench Banking rose 2 points (25% to 27%)

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OpenAI models spent months planning Hugging Face hack

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OpenAI models spent months planning Hugging Face hack

The OpenAI models that hacked Hugging Face last month started communicating and strategizing with each other as early as May, the company revealed this week. For months, they left notes for each other on "undetected message boards," figuring out how to escape their testing environment and get the information they needed to solve their assigned tasks. "Frontline models really like to cheat," said OpenAI's Michael Dalton, because they face "pressure... to work fast." The Hugging Face incident and others involving rival models have sparked fresh concerns about the safety of cutting-edge AI.

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SpaceX investors free to unload $101B in stock amid slump

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SpaceX investors free to unload $101B in stock amid slump

SpaceX faces a major test as $101 billion in insider stock becomes tradable Thursday. Over 900 million shares will become available, more than doubling the roughly 639 million available now. The phased, nine-stage lockup structure aims to soften potential selling waves but adds complexity for investors who are still holding on to SpaceX shares, which now sit below the $135 IPO price and have plunged since June. "We're in uncharted waters," one investment manager tells WebNovare. With additional unlocks through December, trading conditions will likely remain unsettled.

1 min read 0 likes 139 views 0 comments