The fastest scan of today’s most useful stories.
IBM shares experienced a historic 25% plunge on Tuesday, marking the stock's worst single-day performance on record, after preliminary second-quarter results fell short of expectations. This unprecedented drop, surpassing even its 1987 low, signals significant investor concern over the tech giant's financial health and future prospects.
In a rare joint appearance before House and Senate committees, Supreme Court Justices Amy Coney Barrett and Elena Kagan detailed the increasing threats they face and appealed to Congress for additional security funding. Justice Barrett underscored the urgency by recalling a past instance where she needed a bulletproof vest, a difficult reality she struggled to explain to her son.
In a significant move to bolster European security, a new anti-ballistic missile coalition has formed following a meeting in France hosted by Ukrainian President Zelenskyy with leaders from over 30 countries. This powerful alliance, including key nations like Britain, France, and Germany, aims to build a shared missile shield to protect the continent from ongoing Russian attacks.
The U.S. National Science Foundation has awarded $15 million to the NSF Seafood Engine, led by NERACOOS, to revitalize the American seafood industry. This significant funding will leverage advanced technology like AI and robotics to create an internationally competitive innovation cluster, boosting regional and national economies.
Over 200 leading economists and tech experts have issued a stark warning about artificial intelligence, primarily citing the potential for widespread job displacement as a major societal risk. While acknowledging AI's transformative potential, they stress the urgent need for careful management and preparedness, as AI is projected to become significantly more powerful within the next decade.
A federal judge delivered a scathing rebuke to former President Trump and his family, ruling they acted in "bad faith" by filing a $10 billion lawsuit against the IRS. This controversial legal action ultimately led to an agreement with his own administration, creating an "anti-weaponization fund" and ending tax audits for the family, raising serious questions about potential abuse of power.
