New York
The Most Confusing Jacket in America
I bought the most confusing jacket in America. N othing about the Palantir chore coat makes any sense. Mine is a size small, though it's so oversize that I look like a teen wearing a hand-me-down. The jacket is also the most comfortable and practical garment I own. It's buttery soft and as heavy as a blanket, with three massive patch pockets that each can hold a paperback book.
Anthropic accuses Alibaba of 'illicitly' accessing AI models
Anthropic accuses Alibaba of'illicitly' accessing AI models Alibaba's American depositary receipts sank to a session low on the news, falling more than 3% to $99.10 at 3:38 p.m. in New York on Wednesday. Anthropic accused Chinese technology giant Alibaba Group Holding of waging a large-scale effort to "illicitly" access its Claude artificial intelligence model using thousands of fraudulent accounts that undermine the U.S. AI developer's decision to keep its products out of China. Anthropic claimed that a campaign by operators linked to Alibaba's Qwen AI lab targeted Claude's most prized capabilities, including software engineering and agentic reasoning, according to a letter that the AI startup sent to several U.S. senators and White House officials. The company said it was the biggest attempt so far by a Chinese company to piggyback on the work of top U.S. labs. In its letter, Anthropic claimed that the effort involved 28.8 million exchanges with Claude between April and June through almost 25,000 fraudulent accounts, according to people familiar with the document and a copy seen by Bloomberg News. The company said the Alibaba campaign resembled past efforts by other Chinese developers that Anthropic flagged in a blog post earlier this year.
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
US artificial intelligence (AI) giant Anthropic has accused Chinese e-commerce and technology firm Alibaba of brazenly and illicitly extracting its Claude AI model's capabilities. In a letter sent to two members of the US Congress, the San Francisco-based company said operators linked to Alibaba carried out almost 29 million exchanges with Claude using thousands of fraudulent accounts in what it called the largest extraction campaign of its kind. Anthropic urged Congress to penalise the companies behind attacks like this and to ramp up measures to prevent US tech from being stolen. The BBC has contacted Alibaba for comment and requested more details from Anthropic. Anthropic's letter, dated 10 June and addressed to US Senators Tim Scott and Elizabeth Warren, accused New York Stock Exchange-listed Alibaba of carrying out the largest campaign to illicitly extract Claude's capabilities.
Three ways to avoid being fooled by AI slop
Global society makes billions of images and uploads hundreds of thousands of hours of video on the internet every day. The problem is, some of this content is misleading or downright wrong. And when it's in visual form, it can be particularly convincing . Take the Met Gala that happened earlier this month in New York. While photographers snapped photos of Rhianna, Beyoncé and Nicole Kidman as they strutted their stuff, others saw "photos" of celebrities, such as Rosalía, Lady Gaga and Jacob Elordi, who were actually elsewhere (the images in the below Instagram carousel are AI generated).
Mamdani-backed candidates sweep New York City Democratic primaries
New York City Mayor Zohran Mamdani's slate of progressives has swept establishment-backed Democrats in New York's closely watched congressional primaries, ousting two sitting congressmen in a show of force for the democratic socialist leader of the United States's largest city. On Tuesday, Adriano Espaillat, who leads the Congressional Hispanic Caucus and is in his fifth term, was defeated by Mamdani's most polarising pick, Darializa Avila Chevalier, a democratic socialist who once helped organise pro-Palestinian protests at Columbia University. And another Mamdani ally, democratic socialist state Assembly Member Claire Valdez, defeated Brooklyn Borough President Antonio Reynoso, the handpicked successor of retiring US Representative Nydia Velazquez. New York's primary will determine which challengers the party nominates to run in the midterm elections in November. That vote will, in turn, decide which party controls Congress, giving its lawmakers the power to aid or impede US President Donald Trump's legislative agenda for his final two years in office.
Tech stocks tumble on concerns over AI spending
Financial markets received a sharp wake-up call on Tuesday following a sudden wave of selling in major technology shares, triggering widespread doubt over the sustainability of the AI boom. The tech-focused Nasdaq index fell about 2% alongside international chipmakers, reigniting fears that dizzying market valuations have finally run out of momentum after a relentless three-month climb. At the same time, the newly public SpaceX has faced an incredibly choppy session . The aerospace giant's share price plunged below the $150 (£114) mark-its initial floatation price-before staging a modest recovery to $157 despite the broader market anxiety. For months, international stock exchanges have climbed on pure optimism.
SpaceX shares drop below debut price before jumping amid 600bn sell-off
SpaceX shares fell below its market debut price of $150 per share, wiping out $600bn in market value amid a broader tech sell-off rocking markets before jumping 2.4 percent. The dip in early trading on Tuesday follows a 16 percent slump on Monday that erased $400bn in market value for the Elon Musk-led aerospace company. Shares are still 10 percent above the $135 per share initial public offering. The company briefly surpassed Microsoft and Amazon in market value before falling to its most recent valuation of $1.9bn. A Reuters analysis found that of the 50 most-valued IPOs in the last five years, investors would have been better off buying S&P 500 index fund about three-quarters of the time than buying into a big IPO.
US AI stock sell-off shakes markets from Wall Street to Asia
Traders work on the floor at the New York Stock Exchange on 22 June 2026. Traders work on the floor at the New York Stock Exchange on 22 June 2026. A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady.
Meta Glasses hands-on: Ray-Ban is out, Kylie Jenner is in
After years of releasing smart glasses that bore the Ray-Ban or Oakley brand, Meta has finally made its own (although still in collaboration with Essilor Luxxotica). The company today unveiled a trio of AI Glasses -- the Fury, the Adventurer and the Meta Glasses by Kylie (labeled in some places as Starfire), and the first two of those styles start at $299. The variant that was co-designed with celebrity Kylie Jenner, will cost $399. At its launch event in New York City yesterday, Meta set us up with a pair of the new glasses and a companion phone, and let us roam around the venue and its demo areas somewhat freely. The company also had multiple units of the other styles around for us to pick up and try on as we liked, so I got a good sense of all the different options available.