Banking & Finance
Trump's Team Wants Him to Accept an Iran Deal He's Already Rejected
As chaotic negotiations over the end of the Iran war continue, US negotiators think they have the framework for a deal in place. Now they just have to sell the president on it. President Donald Trump's negotiators face the arduous task of trying to convince the president that a deal he previously rejected is their best option in Iran . Last month, Trump initially gave his blessing for a so-called "cash for uranium" deal, under which the US would release around $20 billion in frozen funds in exchange for Iran handing over its stockpile of highly enriched uranium, sources familiar with the matter tell WIRED. Trump's negotiators, vice president JD Vance, special envoy Steve Witkoff, and Jared Kushner, Trump's son-in-law, received repeated approvals from the president while they were in Islamabad, giving them confidence a deal was close.
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'Your craft is obsolete': WiseTech staff in limbo as AI touted as better than humans
WiseTech's headquarters in Sydney, where staff fear many jobs will be lost to AI. WiseTech's headquarters in Sydney, where staff fear many jobs will be lost to AI. 'Your craft is obsolete': WiseTech staff in limbo as AI touted as better than humans Staff at WiseTech have been waiting almost three months to be told if they are among the 2,000 people the logistics software company is to cut due to advances in AI, with workers criticising the wait as stressful and "ridiculous". The comments come as its founder on Tuesday told investors an AI agent could learn a human's job in just 15 minutes, according to the Australian Financial Review. The Australian Stock Exchange-listed company announced in late February that it would lay off almost 30% of its workforce across 40 countries, with 2,000 of the 7,000 jobs set to go over the next 18 months. Sign up for the Breaking News Australia email Some areas would be hit harder than others, with product and development and customer service teams expected to be reduced by up to 50%, the chief executive, Zubin Appoo, told an investor briefing in February. "The era of manually writing code as the core act of engineering is over," Appoo said.
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Boycotts Hurt Tesla's Sales. Now, Activists Are Taking On Elon Musk's SpaceX IPO
Now, Activists Are Taking On Elon Musk's SpaceX IPO Activists, a leading labor union, and a big retirement fund are asking challenging questions about what's expected to be the largest-ever stock market debut. Elon Musk's SpaceX is facing protests against its expected initial public offering from some of the same advocacy groups that helped erase $600 billion from Tesla's market cap early last year. SpaceX's IPO is poised to be the largest ever, raising tens of billions of dollars for the Musk-founded company and valuing it above $2 trillion. If all goes as intended come June, the conglomerate that now owns a rocket manufacturer, a social media app, and an AI chatbot developer will instantly rank among the world's top 10 largest publicly-traded companies. On Wednesday, Randi Weingarten, president of the American Federation of Teachers, wrote to the US Securities and Exchange Commission urging it to scrutinize SpaceX's IPO preparations.
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A historic 200-million USC gift from Nvidia board member aims to transform AI education
Things to Do in L.A. Tap to enable a layout that focuses on the article. The gift will rename USC's School of Advanced Computing as the USC Mark and Mary Stevens School of Computing and Artificial Intelligence. This is read by an automated voice. Please report any issues or inconsistencies here . USC receives a $200-million gift from venture capitalist Mark Stevens to establish artificial intelligence research and expertise across campus.
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AI's hottest private companies have booming crypto shadow market
AI's hottest private companies have booming crypto shadow market Crypto platforms are offering trades tied to the most valuable private artificial intelligence companies on earth -- such as Anthropic -- that ordinary investors have almost no other way to access. The race to sell retail investors a piece of the artificial intelligence boom has gone mainstream -- closed-end funds, interval funds, special-purpose vehicles (SPVs). Now, crypto platforms are offering trades tied to the most valuable private AI companies on earth -- ones ordinary investors have almost no other way to access. The result is a new frontier in the financialization of private markets: crypto infrastructure, once the domain of digital token speculation, being redeployed to give traders a way to bet on Anthropic, OpenAI and SpaceX -- in real time, 24 hours a day, with leverage. Ventuals and PreStocks, two crypto venues riding that shift, have seen their trading activity -- measured by open interest and market value combined -- surge more than threefold since the start of the year to last month.
The Venture-Capital Populist
This story appears in the June 2026 print edition. While some stories from this issue are not yet available to read online, you can explore more from the magazine . Get our editors' guide to what matters in the world, delivered to your inbox every weekday. The courtship between Silicon Valley and MAGA was consummated on June 6, 2024, in San Francisco's Pacific Heights neighborhood, on a street known as "Billionaires' Row," at the 22,000-square-foot, $45 million French-limestone mansion of a venture capitalist named David Sacks. Along with Chamath Palihapitiya, a fellow venture capitalist and a colleague on the podcast, Sacks hosted a fundraiser for Donald Trump. He knew that other technology titans were coming around to the ex-president but remained in the closet. "And I think that this event is going to break the ice on that," Sacks said on the podcast the week before the fundraiser. "And maybe it'll create a preference cascade, where all of a sudden it becomes acceptable to acknowledge the truth." Check out more from this issue and find your next story to read. A few years earlier, Sacks had described the January 6, 2021, riot at the U.S. Capitol as an "insurrection" and pronounced Trump "disqualified" from ever again holding national office. "What Trump did was absolutely outrageous, and I think it brought him to an ignominious end in American politics," he said on the podcast a few days after the event. "He will pay for it in the history books, if not in a court of law." Palihapitiya was more colloquial, calling Trump "a complete piece-of-shit fucking scumbag." These might seem like tricky positions to climb down from--but the path that leads from scathing denunciation through gradual accommodation to sycophantic embrace of Trump is a well-worn pilgrimage trail. The journey is less wearisome for self-mortifiers who never considered democracy (a word seldom spoken on the podcast) all that important in the first place.
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UK 'invention agency' grants 50m of public money to US tech and venture capital firms
OpenAI's Sam Altman, left, is a backer of Rain Neuromophics, one of the companies that received funds from the UK's Aria, the brainchild of Dominic Cummings, right OpenAI's Sam Altman, left, is a backer of Rain Neuromophics, one of the companies that received funds from the UK's Aria, the brainchild of Dominic Cummings, right Exclusive: Brainchild of Dominic Cummings, Aria is aimed at funding'crazy' scientific projects to benefit the UK Britain's "invention agency" has pledged £50m of UK taxpayer money to US tech companies and venture capital projects. Dreamed up by Dominic Cummings to fund "crazy" ideas, the Advanced Research and Invention Agency (Aria) is meant to " restore Britain's place as a scientific superpower ". But a joint investigation by the Guardian and Democracy for Sale, an investigative website, has established that more than an eighth of the agency's £400m in research and development funding over the past two years has gone to 14 US tech companies and venture capital groups, in some cases, with no clear return for the UK or Aria. One of these companies, Rain Neuromorphics, is also backed by the OpenAI chief executive, Sam Altman, and was reported to be near collapse last year, shortly after winning Aria money. It did not respond to a request for comment; two of its founders appear to have left the company.
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AI chatbot fraud: the 'gift card' subcription that may cost you dear
Some users view AI chatbots as indispensable for helping run their affairs. But it can come at a cost. Some users view AI chatbots as indispensable for helping run their affairs. But it can come at a cost. AI chatbot fraud: the'gift card' subcription that may cost you dear After subscribing to the Claude chatbot, mystery payments started to appear on one family's credit card bill.
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You Found Satoshi? Let's See the Receipts
Two new projects, including one from a Pulitzer-winning reporter, claim they've solved the mystery of Bitcoin's creator. So why does the hunt continue? In December 2024, at the suggestion of a mutual friend, I met with a professional investigator named Tyler Maroney. He told me he was on a quest to discover the identity of Satoshi Nakamoto, the inventor of Bitcoin, and he felt that he had cracked the case. My first thought was, join the club. Literally dozens of journalists and investigators have spent months or even years trying to uncover the mysterious creator of the most popular cryptocurrency, who ended his (or her or their) online presence in 2011 and amassed around $83 billion in Bitcoin.
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The Bloomberg Terminal Is Getting an AI Makeover, Like It or Not
WIRED spoke with Bloomberg's chief technology officer about the big, chatbot-style changes coming to the iconic platform for traders. For its famous intractability, the Bloomberg Terminal has long inspired devotion, bordering on obsession . Among traders, the ability to chart a path through the software's dizzying scrolls of numbers and text to isolate far-flung information is the mark of a seasoned professional. But as a greater mass of data is fed into the Terminal--not only earnings and asset prices, but weather forecasts, shipping logs, factory locations, consumer spending patterns, private loans, and so on--valuable information is being lost. "It has become more and more untenable," says Shawn Edwards, chief technology officer at Bloomberg.
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