Baidu plans Hong Kong IPO of AI chip unit Kunlunxin in spin-off move

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A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025. Ying Tang | Nurphoto | Getty Images Chinese tech giant Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it […]


Pope Leo XIV warns against spread of gambling

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Pope Leo XIV has called attention to the ‘scourge of gambling,’ as he says it ‘ruins many families.’ The head of the Catholic Church and sovereign of Vatican City became pope in May of 2025, with this statement being one of the latest from the first American Pope. He met on Monday with mayors from […]


The year AI tech giants, and billions in debt, began remaking America

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The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025. Kyle Grillot | Bloomberg | Getty Images West Texas dust, iron-tinged and orange-red, rides the wind and sticks like a film to everything you touch. It clings to skin and the inside of your mouth, a fine grit that turns every […]


Sportsbet ‘urged ACMA to soften enforcement statement’

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A gambling company, Sportsbet, reportedly leaned on Australia’s communications watchdog to tone down the wording of a public enforcement announcement, according to documents released under freedom of information laws. ABC News reports that in 2022, the Australian Communications and Media Authority (ACMA) fined Sportsbet a then-record AUD 2.5 million ($1.7 million) after finding the company […]


Ro Khanna calls for fraud probe after California wealth tax firestorm

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California Democrat Rep. Ro Khanna says he has a solution for Silicon Valley elites angered by his embrace of a wealth tax: Tackling fraud. Over the weekend, Khanna came under fire from some donors and allies in the tech industry after he endorsed a wealth tax. Labor groups in California are trying to add a […]


Ankeny contractor jailed for gambling customer funds

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An Ankeny contractor who admitted to blowing customer money on “gambling” and “irresponsible spending” was sentenced on December 18, 2025, to three years in federal prison. According to court records, he was punished for lying during bankruptcy proceedings. Louis Grant Peterson, who also went by “Chip Peterson,” is 61 and formerly owned Legacy Siding and […]


Ro Khanna faces tech backlash over wealth tax

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Democrat Rep. Ro Khanna has embraced a wealth tax in his home state of California, and his longtime allies in Silicon Valley are now threatening to abandon him. California labor groups are trying to add a proposal for a statewide tax on billionaires to the November ballot. The proposal is causing a rift among Democrats […]


Birkenhead finance director jailed for gambling-fueled $2.4M fraud

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A finance director who swindled a business based in Birkenhead, England, out of nearly £1.9 million ($2.4 million) has been sentenced to prison after his “predilection for gambling got out of hand.” Allan Wood, 59, from Saltersgate in Ellesmere Port, appeared at Liverpool Crown Court on Tuesday (December 23) after admitting to four counts of […]


Has the UK’s AI infrastructure buildout been a success?

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QTS’s data center in Cambois, North East of England When the U.K. announced its AI Opportunities Action Plan — a grand blueprint to deploy the tech across society — in January, Prime Minister Keir Starmer declared the strategy would make the country an “AI superpower.”  One of the key pillars of this plan was a […]


World Cup 2026 betting: draw sets favorites

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The World Cup 2026 draw was held at the John F. Kennedy Center for the Performing Arts in Washington, D.C., on December 5, 2025, officially setting the stage and soccer betting favorites for FIFA’s biggest tournament to date. The draw marked the men’s World Cup’s first return to the United States since the iconic 1994 […]