The Wall Street Journal profiles "the startup that is now one of a handful of chip makers nipping at the heels of Nvidia." Furiosa's AI chip is dubbed "RNGD" — short for renegade — and slated to start mass production this month. Valued at nearly $700 million based on its most recent fundraising, Furiosa has attracted interest from big tech firms. Last year, Meta Platforms attempted to acquire it, though the startup declined the offer. OpenAI used a Furiosa chip for a recent demonstration in Seoul. LG's AI research unit is testing the chip and said it offered "excellent real-world performance." Furiosa said it is engaged in talks with potential customers.

Nvidia's graphic processing units, or GPUs, dominated the initial push to train AI models. But companies like Furiosa are betting that for the next stage — referred to as "inference," or using AI models after they're trained — their specialty chips can be competitive. Furiosa makes chips called neural processing units, or NPUs, which are a rising class of chips designed specifically to handle the type of computing calculations underpinning AI and use less energy than GPUs. [Founder/CEO June] Paik said Furiosa's chips can provide similar performance as Nvidia's advanced GPUs with less electricity usage. That would drive down the total costs of deploying AI. The tech world, Paik says, shouldn't be so reliant on one chip maker for AI computing. "A market dominated by a single player — that's not a healthy ecosystem, is it?" Paik said...

In 2024, at Stanford's prestigious Hot Chips conference, Paik debuted Furiosa's RNGD chip as a solution for what he called "sustainable AI computing" in a keynote speech. Paik presented data showing how the chip could run the then-latest version of Meta's Llama large language model with more than twice the power efficiency of Nvidia's high-end chips. Furiosa's booth was swarmed with engineers from big tech firms, including Google, Meta and Amazon.com, wanting to see a live demo of the chip. "It was a moment where we felt we could really move forward with our chip with confidence," Paik said.

An AI chatbot to answer probate questions from Alaska residents "was supposed to be a three-month project," said Aubrie Souza, a consultant with the National Center for State Courts told NBC News. "We are now at well over a year and three months, but that's all because of the due diligence that was required to get it right." "With a project like this, we need to be 100% accurate, and that's really difficult with this technology," said Stacey Marz, the administrative director of the Alaska Court System and one of the Alaska Virtual Assistant (AVA) project's leaders... While many local government agencies are experimenting with AI tools for use cases ranging from helping residents apply for a driver's license to speeding up municipal employees' ability to process housing benefits, a recent Deloitte report found that less than 6% of local government practitioners were prioritizing AI as a tool to deliver services. The AVA experience demonstrates the barriers government agencies face in attempting to leverage AI for increased efficiency or better service, including concerns about reliability and trustworthiness in high-stakes contexts, along with questions about the role of human oversight given fast-changing AI systems. These limitations clash with today's rampant AI hype and could help explain larger discrepancies between booming AI investment and limited AI adoption.
The chatbot was developed with Tom Martin, a lawyer/law professor who designs legal AI tools, according to the article. But the project "had to contend with the serious issue of hallucinations, or instances in which AI systems confidently share false or exaggerated information." "We had trouble with hallucinations, regardless of the model, where the chatbot was not supposed to actually use anything outside of its knowledge base," Souza told NBC News. "For example, when we asked it, 'Where do I get legal help?' it would tell you, 'There's a law school in Alaska, and so look at the alumni network.' But there is no law school in Alaska." Martin has worked extensively to ensure the chatbot only references the relevant areas of the Alaska Court System's probate documents rather than conducting wider web searches.
The article concludes that "what was meant to be a quick, AI-powered leap forward in increasing access to justice has spiraled into a protracted, yearlong journey plagued by false starts and false answers." But the chatbot is now finally scheduled to be launched in late January. "It was just so very labor-intensive to do this," Marz said, despite "all the buzz about generative AI, and everybody saying this is going to revolutionize self-help and democratize access to the courts.

"It's quite a big challenge to actually pull that off."

Remember how California's government negotiated a 2024 deal where Google contributed millions to California's local newsrooms to offset advertisers moving to the search engine?

"A year after it was cemented — and billed as a model that could succeed where entire countries and continents had fallen short — the agreement is tangled in budget cuts, bureaucratic infighting and unresolved questions about who controls the money," reports Politico, "leaving journalists empty-handed and casting doubt on whether the lofty experiment will ever live up to its promise." The program, initially framed as a nearly $250 million commitment over five years, has secured just $20 million in new money for journalists in its first year, with no guarantee the funding will continue. It's changed hands twice since the University of California, Berkeley withdrew its support [with school officials "worried they wouldn't have enough of a say in how the money was distributed"]. Suggestions that other big tech players like ChatGPT-maker OpenAI could front more resources haven't materialized. A $62.5 million "AI accelerator" tied to the deal hasn't been set up yet.

Not a single newsroom has seen a dollar of funding, and there's no definitive timeline spelling out when they will... [The article adds later that state officials "have yet to draft precise rules for how California will decide which newsrooms get cash..."] Conversations with at least 20 people involved in the deal's rollout reveal how California's budget shortfalls and intraparty spats among Democrats scrambled it... California's struggle to launch its program has dampened hopes of replicating its model in other states such as Oregon, Illinois and New York, where lawmakers have tried but failed to make Big Tech pay for news...

When [California governor] Newsom unveiled his final state budget plan in May 2025 after a $12 billion deficit suddenly scrambled the state's finances, California's first-year commitment was reduced from $30 million to $10 million. Google followed suit within days and cut its first-year contribution from $15 million to $10 million... Whether the program even continues past 2026 is also unclear. Newsom's office declined to confirm whether the state will provide its $10 million commitment to the fund in the coming 2026-27 state budget. Newsom will also be termed out in 2027, and there's no requirement for his successor to honor the state's agreement with Google.

"While a growing number of U.S. employers are mandating workers return to the office five days a week," reports the Washington Post, "some companies say AI is saving them enough time to launch or sustain a four-day workweek.

"More companies may move toward a shortened workweek, several executives and researchers predict, as workers, especially those in younger generations, continue to push for better work-life balance." And "several companies — especially those with a largely remote workforce — have adjusted their work rhythm after delegating many tasks to AI..." AI "has such a potential to have so much labor savings, you'll see firms shift to a four-day week in an evolutionary way," said Juliet Schor, an economist and sociologist at Boston College who has studied the subject. "There's enough social consensus that people are exhausted and stressed...." Small and medium businesses often adopt shortened workweeks to compete with big salaries for new hires and retention, Schor said. That's how Peak PEO, a London-based service that helps companies expand globally with teams in different locations, thought about its strategy... CEO Alex Voakes said that job openings that used to get two applications jumped to 350 after the change.
"Some of the world's most influential business leaders have publicly suggested the shift may be inevitable," adds Fortune: Jamie Dimon, the CEO of JPMorgan Chase, has said advancing technology could eventually push the workweek down to just three-and-a-half days. Microsoft cofounder Bill Gates has gone further, openly questioning whether a two-day workweek could be the future. Elon Musk has taken the idea to its logical extreme, positing that the need to work altogether could cease... Tech innovation could "probably" lead to a transition toward four-day workweeks, [Nvidia CEO Jensen] Huang said on Fox Business in August...

AI startups now outnumber all publicly traded U.S. companies, according to a year-end note to investors from economists at Vanguard.

And yet that report also suggest the jobs most susceptible to replacement by AI "are actually thriving, not dying out," writes Forbes: "The approximately 100 occupations most exposed to AI automation are actually outperforming the rest of the labor market in terms of job growth and real wage increases," the Vanguard report revealed. "This suggests that current AI systems are generally enhancing worker productivity and shifting workers' tasks toward higher-value activities..."

The job growth rate of occupations with high AI exposure — including office clerks, HR assistants, and data scientists — increased from 1% in pre-COVID-19 years (2015 through 2019) to 1.7% in 2023 and beyond, according to Vanguard's research. Meanwhile, the growth rate of all other jobs declined from 1.1% to 0.8% over the same period. Workers in AI-prone roles are getting pay bumps, too; the wage growth of jobs with high AI exposure shot up from 0.1% pre-COVID to 3.8% post-pandemic (and post-ChatGPT). For all other jobs, compensation only marginally increased from 0.5% to 0.7%... As technology improves production and reallocates employee time to higher-value tasks, a smaller workforce is needed to deliver services. It's a process that has "distinct labor market implications," Vanguard writes, just like the many tech revolutions that predate AI...

"Entry-level employment challenges reflect the disproportionate burden that a labor market with a low hiring rate can have on younger workers," the Vanguard note said. "This dynamic is observed across all occupations, even those largely unaffected by AI..." While many people see these labor disruptions and point their fingers at AI, experts told Fortune these layoffs could stem from a whole host of issues: navigating economic uncertainty, resolving pandemic-era overhiring, and bracing for tariffs. Vanguard isn't convinced that an AI is the reason for Gen Z's career obstacles.

"While statistics abound about large language models beating humans in computer programming and other aptitude tests, these models still struggle with real-world scenarios that require nuanced decision-making," the Vanguard report continued. "Significant progress is needed before we see wider and measurable disruption in labor markets."

The tech industry needs to move "beyond the arguments of slop vs sophistication" and develop a new "theory of the mind" that accounts for humans now equipped with "cognitive amplifier tools," Microsoft CEO Satya Nadella wrote in a year-end reflection blog. The post frames 2026 as yet another "pivotal year for AI" -- but one that "feels different in a few notable ways." Nadella claims the industry has moved past the initial discovery phase and is now "beginning to distinguish between 'spectacle' and 'substance.'" He argues for evolving beyond Steve Jobs' famous "bicycles for the mind" framing, positioning AI instead as "scaffolding" for human potential rather than a substitute.

"We will evolve from models to systems when it comes to deploying AI for real world impact," Nadella writes, adding that these systems must consider their societal impact on people and the planet. "For AI to have societal permission it must have real world eval impact."

Australia's largest pension fund is planning to reduce its allocation to global equities this year, amid signs that the AI boom in the US stock market could be running out of steam. Financial Times: John Normand, head of investment strategy at the A$400bn (US$264bn) AustralianSuper, told the Financial Times that not only did valuations of big US tech companies look high relative to history, but the leverage being used to fund AI investment was increasing "very rapidly," as was the pace of fundraising through mergers, venture capital and public listings.

"I can see some forces lining up that we are looking for less public equity allocation at some point next year. It's the basic intersection of the maturing AI cycle with a shift towards Fed[eral Reserve] tightening in 2027," Normand said in an interview.

Warren Buffett is retiring as CEO of Berkshire Hathaway at age 95, ending a 55-year run that reshaped how generations of Americans think about investing. "The 95-year-old, often referred to as the 'Oracle of Omaha' and the 'billionaire next door,' will relinquish the title after a career that saw him turn a failing textile firm into one of the most successful asset managers in the world," reports NBC News. From the report: Greg Abel, the 63-year-old lesser-known CEO of Berkshire's energy business, will take the helm of the conglomerate on Thursday. Buffett will remain its chairman.

Under Buffett's leadership, Nebraska-based Berkshire has thrived at the intersection of Wall Street and Main Street, with investments in industries ranging from railroads and insurance to candy and ice cream.

Along the way, while living in the same house he bought for just over $30,000 in the late 1950s, he redefined investing for the American public with his folksy and practical advice, became one of the wealthiest people on Earth and dedicated much of that fortune to philanthropy. Berkshire's most significant tech bet was initiated in 2016 when it invested $1 billion. Apple has since become Berkshire Hathaway's largest single holding, representing over 20% of the portfolio and valued at more than $65 billion.

While Buffett largely avoided pure tech for decades, Buffett long considered technology a blind spot, famously saying "I wish I had" bought Apple earlier.

Throughout the years, Buffett expressed his disinterest in cryptocurrency and said he would "never own bitcoin," referring to it as "probably rat poison squared" and a "gambling token."

The Wall Street Journal reports that a growing number of tech startups are stocking offices with free nicotine pouches as founders and employees chase sharper focus and stamina in hyper-competitive AI-era work environments. The Wall Street Journal reports: Earlier this year, two nicotine startups -- Lucy Nicotine and Sesh -- made branded vending machines filled with flavored products for analytics company Palantir Technologies. Both machines are in the company's Washington, D.C., offices. The pouches are free for employees and guests over the age of 21, a spokeswoman for Palantir said. Palantir pays to stock the nicotine products.

Alex Cohen, a startup founder based in Austin, Texas, said he was first exposed to nicotine pouches in the workplace after seeing tins of Zyns on the desks of his software engineers. His company, Hello Patient, makes AI-powered healthcare-communication software. "They were very productive, so I thought maybe there's something here," he said. Those engineers soon asked him if he could buy it for the office.

Cohen said he initially bought the nicotine pouches as a joke for social media. He posted a picture of a drawer in his startup's office filled with nicotine pouches made by different brands with the caption, "We're hiring." "Then, I accidentally got addicted," said Cohen. He said he uses around two to three pouches a day. His go-to flavors are mango or minty. Cohen said he has attention-deficit/hyperactivity disorder, or ADHD, and he has found that the pouches can provide a quick productivity boost. "It helps with reining in my focus because it is a stimulant," he said. Today, Hello Patient has a nicotine-pouch fridge in its office kitchen.

OpenAI is paying employees more than any major tech startup in history, with average stock-based compensation hitting roughly $1.5 million per worker in 2025. "That is more than seven times higher than the stock-based pay Google disclosed in 2003, before it filed for an initial public offering in 2004," reports the Wall Street Journal. "The $1.5 million is about 34 times the average employee compensation of 18 other large tech companies in the year before they went public." From the report: To keep its lead in the AI race, OpenAI is doling out massive stock compensation packages to top researchers and engineers, making them some of the richest employees in Silicon Valley. The equity awards are inflating the company's heavy operating losses and diluting existing shareholders at a rapid clip. As an AI arms race intensified this summer, frontier labs such as OpenAI faced pressure to increase employee pay after Meta Platforms Chief Executive Mark Zuckerberg began offering pay packages worth hundreds of millions of dollars -- and in some rare cases $1 billion -- to top executives and researchers at rival companies.

Zuckerberg's recruiting blitz swept up 20-plus OpenAI personnel, including ChatGPT co-creator Shengjia Zhao. In August, OpenAI gave some of its research and engineering staff a one-time bonus, with some employees receiving millions of dollars, The Wall Street Journal previously reported. The financial data, shared with investors over the summer, shows that OpenAI's stock-based compensation was expected to increase by about $3 billion annually through 2030. The company recently told staff it would discontinue a policy that required employees to work at OpenAI for at least six months before their equity vests. That development could lead to further compensation increases.

OpenAI's compensation as a percentage of revenue was set to reach 46% in 2025, the highest of any of the 18 companies except for Rivian, which didn't generate revenue the year before its IPO. Palantir's stock-based compensation equaled 33% of its revenue the year before its IPO in 2020, Google's was 15% and Facebook's was 6%, the analysis shows. On average, each company's stock-based compensation made up about 6% of revenue among tech companies the Journal analyzed in the year before their IPOs, according to the Equilar data.

An anonymous reader quotes a report from the Guardian: France intends to follow Australia and ban social media platforms for children from the start of the 2026 academic year. A draft bill preventing under-15s from using social media will be submitted for legal checks and is expected to be debated in parliament early in the new year. The French president, Emmanuel Macron, has made it clear in recent weeks that he wants France to swiftly follow Australia's world-first ban on social media platforms for under-16s, which came into force in December. It includes Facebook, Snapchat, TikTok and YouTube.

Le Monde and France Info reported on Wednesday that a draft bill was now complete and contained two measures: a ban on social media for under-15s and a ban on mobile phones in high schools, where 15- to 18-year-olds study. Phones have already been banned in primary and middle schools. The bill will be submitted to France's Conseil d'Etat for legal review in the coming days. Education unions will also look at the proposed high-school ban on phones. The government wants the social media ban to come into force from September 2026.

Le Monde reported the text of the draft bill cited "the risks of excessive screen use by teenagers," including the dangers of being exposed to inappropriate social media content, online bullying, and altered sleep patterns. The bill states the need to "protect future generations" from dangers that threaten their ability to thrive and live together in a society with shared values. Earlier this month, Macron confirmed at a public debate in Saint Malo that he wanted a social media ban for young teenagers. He said there was "consensus being shaped" on the issue after Australia introduced its ban.

"The more screen time there is, the more school achievement drops the more screen time there is, the more mental health problems go up," he said. He used the analogy of a teenager getting into a Formula One racing car before they had learned to drive. "If a child is in a Formula One car and they turn on the engine, I don't want them to win the race, I just want them to get out of the car. I want them to learn the highway code first, and to ensure the car works, and to teach them to drive in a different car."

New Jersey has found its answer to the relentless flooding that has plagued the state's coastal and inland communities for decades: buy the homes, demolish them and turn the land back into open space permanently. The state's Blue Acres program has acquired some 1,200 properties since 1995, spending more than $234 million in federal and state funds to pay fair market value to homeowners exhausted by repeated floods from tropical storms, nor'easters, and heavy rain.

A Georgetown Climate Center report this month called the program a national model, crediting its success to faster processing than federal buyout programs, stable state funding and case managers who guide each homeowner through the process. The demolished homes become grass lots that absorb rainwater far better than concrete and asphalt.

Manville, a borough of 11,000 at the confluence of two rivers about 25 miles southwest of Newark, has sold 120 homes to the state for roughly $22 million between 2015 and 2024. Another 53 buyouts are underway there. The need for such programs is only growing. Sea levels along the New Jersey coast rose about 1.5 feet over the past century -- more than double the global rate -- and a Rutgers study predicts a further increase of 2.2 to 3.8 feet by 2100.

A November report from the Natural Resources Defense Council noted that billions in previously approved FEMA resilience grants have already been cancelled, making state-run initiatives like Blue Acres increasingly essential.

China's Commerce Ministry on Wednesday demanded that the Netherlands "immediately correct its mistakes" over chipmaker Nexperia, escalating a standoff that has disrupted global semiconductor supply chains and triggered warnings from automakers about component shortages. The Dutch government in September invoked a Cold War-era law to effectively seize control of the Chinese-owned chipmaker, reportedly after the United States raised security concerns. China responded by blocking Nexperia products from leaving the country.

Nexperia manufactures billions of foundation chips -- transistors, diodes and power management components -- that are produced in Europe, assembled and tested in China, and then re-exported to customers worldwide. These low-tech, inexpensive chips are essential in almost every device that uses electricity, from car braking systems and airbag controllers to electric windows and entertainment systems.

The Commerce Ministry spokesperson said the Netherlands "remains indifferent and stubbornly insists on its own way, showing absolutely no responsible attitude towards the security of the global semiconductor supply chain." Dutch Economy Minister Vincent Karremans has repeatedly defended the intervention. Auto industry groups have warned that disruptions have not been fundamentally resolved. Japan's Nissan and German supplier Bosch have flagged looming shortages, and the German Association of the Automotive Industry warned of elevated supply risks "particularly for the first quarter" of 2026.

Israel has operationally deployed Iron Beam, a 100,000-watt laser air-defense system capable of shooting down drones, rockets, and mortars at negligible per-shot cost. According to Tom's Hardware, it marks the first real-world deployment of a high-energy laser as part of a modern, multi-layered missile defense network. From the report: The Iron Beam is a short-range line-of-sight laser interceptor that is extremely cheap to run and, therefore, perfectly suited for intercepting low-cost, high-volume threats. According to the official Israeli announcement, Iron Beam systems have "successfully intercepted rockets, mortars, and UAVs."

A complex mix of government, military, scientific, and commercial interests were responsible for the research and development of the Iron Beam laser system. Central to the Iron Beam are "an advanced laser source and a unique electro-optical targeting system, enabling the interception of a wide range of targets at an enhanced operational range, with maximum precision and superior efficiency," boasted the press release by Israel's MoD. Moreover, it works "at a negligible marginal cost, which constitutes the laser system's primary advantage."

We don't get much more by way of technical details, perhaps understandably. However, Rafael Advanced Defense Systems execs heralded the system's "unique adaptive optics technology," in what it calls "the world's most advanced laser-based system for intercepting aerial threats." Its operational debut "marks the beginning of the era of high-energy laser defense," they claimed.

In an opinion piece for Computerworld, columnist Steven Vaughan-Nichols argues that restrictive visa policies and a hostile border climate under the Trump administration are driving foreign tech workers, researchers, and conference speakers away from the U.S. The result, he says, is a gradual shift of talent, events, and long-term innovation toward more welcoming regions such as Europe, Canada, and Asia. From the report: I go to a lot of tech conferences -- 13 in 2025 -- and many of those I attend are outside the U.S.; several are in London, one is in Amsterdam, another in Paris, and two in Tokyo. Wherever I went this past year, when we weren't talking about AI, Linux, the cloud, or open-source software, the top non-tech topic for non-Americans involved the sweeping changes that have occurred since President Donald J. Trump returned to office last January. The conversations generally ended with something like this: "I'm not taking a job or going to a conference in the United States."

Honestly, who can blame them? Under Trump, America now has large "Keep Out!" and "No Trespassing!" signs effectively posted. I've known several top tech people who tried to come to the U.S. for technology shows with proper visas and paperwork, but were still turned away at the border. Who wants to fly for 8+ hours for a conference, only to be refused entry at the last minute, and be forced to fly back? I know many of the leading trade show organizers, and it's not just me who's seeing this. They universally agree that getting people from outside the States to agree to come to the U.S. is increasingly difficult. Many refuse even to try to come. As a result, show managers have begun to close U.S.-based events and are seeking to replace them with shows in Europe, Canada, and Asia. [...]

Once upon a time, everyone who was anyone in tech was willing to uproot their lives to come to the U.S. Here, they could make a good living. They could collaborate, publish, and build companies in jurisdictions that welcome them, and meet their peers at conferences. Now, they must run a gauntlet at the U.S. border and neither a green card nor U.S. citizenship guarantees they won't be abused by the federal government. Trump's America seems bound and determined to become a second-rate tech power. His administration can loosen all the restrictions it wants on AI, but without top global talent, U.S. tech prowess will decline. That's not good for America, the tech industry or the larger world.