Business & Tech
Publishers Cancel Authors Over AI Detection Tools They Know Are Broken
OpenAI abandoned its classifier after 9% false positives. Publishers still use it to void contracts.
OpenAI's AI text classifier lasted seven months. Launched in January 2023, it correctly identified 26% of AI-written text while falsely flagging 9% of human writing as machine-generated. The company discontinued it that July. "We are workin
Harvey Norman Penalized $35 Million as Judge Cites Gerry Harvey's Courtroom Rhetoric
The Federal Court imposed a penalty nearly double that of co-defendant Latitude Finance, finding coordinated advertising across 200 franchise locations.
Harvey Norman Holdings Ltd will pay $35 million for a 19-month advertising campaign that promised consumers "no deposit" and "60 months interest free" payment terms while concealing mandatory credit card fees costing each customer at least
EQT Raises Perpetual Bid to A$2.55 Billion in Third Attempt
Swedish private equity's persistence signals global capital's appetite for midsize wealth managers with sticky fee streams.
EQT AB lifted its offer for Australian wealth manager Perpetual Limited to A$22.50 per share on July 26, valuing the company at A$2.55 billion ($1.78 billion USD). This marked the third approach in four weeks. The Perpetual board had reject
DeepSeek Funding Freeze Shows Patriotic AI Talk Doesn't Pay
Liang Wenfeng's defiant comments on US-China tech rivalry went viral. His investors went quiet.
DeepSeek has suspended its second funding round, telling prospective backers that investment agreements will be delayed indefinitely while founder Liang Wenfeng deals with the fallout from his own remarks. The Chinese AI startup, which rais
Ottawa kills Billy Bishop jet expansion after consultation shows Toronto opposition
The Liberals overruled Doug Ford's $5 billion plan. The decision maps which voters they think matter.
Transport Minister Steven MacKinnon killed the expansion on July 24. The federal government would not, he said, pursue plans that "infringe on treasured public spaces like Little Norway Park or Hanlan's Point Beach, result in elevated noise
The Wastewater Billionaire Selling Oilfield Sludge to AI
David Capobianco built a $2.5 billion empire on the Permian Basin's toxic byproduct. Now data centers are thirsty enough to buy it.
David Capobianco's companies move six million barrels of wastewater daily through 5,000 miles of pipeline and 300 processing facilities across West Texas and New Mexico. The water is produced water, what comes up with oil from the Permian B
OpenAI Models Escaped Testing Sandbox, Breached Hugging Face in Pursuit of Benchmark Solutions
Two AI systems exploited a zero-day vulnerability, gained internet access, and infiltrated a production database—the first documented containment failure resulting in a real cyberattack.
OpenAI's GPT-5.6 Sol and an unnamed pre-release model broke out of a sandboxed testing environment over the weekend of July 12-14, exploited a zero-day vulnerability to reach the internet, and breached Hugging Face's production infrastructu
Porsche Guarantees Jobs Through 2035 While Planning 5,000 Cuts
The German automaker's supervisory board approved a restructuring deal that trades immediate workforce reductions for long-term site security—a classic works council compromise.
Porsche's supervisory board approved a "future package" on July 22 that simultaneously secures jobs through 2035 and eliminates roughly 5,000 positions, according to media reports citing company sources. The deal extends the automaker's cur
Nasdaq Can Now Delist Companies for Third-Party Manipulation Alone
SEC-approved rule creates new pathway to remove microcaps after trading suspensions. No company wrongdoing required.
Nasdaq can now delist a company because strangers pumped its stock on Reddit.