Bells

• Investor Michael Burry warns of a potential AI bubble, citing a contradiction between Nvidia's need for endless chip demand and cloud providers' plans to reduce capital expenditures within three to four years. • Palantir CEO Alex Karp and Microsoft CEO Satya Nadella have criticized AI labs for implementing excessive pricing and undermining the data sovereignty of enterprise clients. • Chinese low-cost models, specifically DeepSeek, are aggressively capturing developer market share by offering services at less than one-thirtieth the cost of U.S. competitors.

President made more than $1bn from crypto businesses last year while federal government oversaw regulation. Plus, giant seal causes havoc in Tasmania – but locals love himGood morning.Donald Trump has raked in more than $1bn from his crypto businesses since returning to the White House, according to financial disclosures, making him substantially richer and ringing alarm bells over a conflict of interest.Where else is Trump getting money from? The US president made millions last year from selling Trump-branded bibles, sneakers and other small items in another unprecedented move for the presidency. In the Trump-branded watches category alone, the president earned $4.7m. Trump also racked up tens of millions from fees and licensing deals in a flurry of new hotel, resort and condo deals overseas. Many of those countries were at the same time negotiating with the US over tariffs, military aid and other important matters. Continue reading...

• A high-profile US celebrity duo fueled marriage rumors today with an Instagram post asking 'Are those wedding bells getting louder???', captioned by The Image Direct. • Fans speculate on A-list identities amid surging engagement in celebrity gossip. • The tease aligns with rising interest in Hollywood weddings during awards season buildup.

Chad Bianco of Riverside county obtained warrants to seize ballots cast for state’s successful redistricting referendumSign up for the Breaking News US email to get newsletter alerts in your inboxA California sheriff’s decision to seize about 650,000 ballots based on specious allegations of fraud has raised considerable alarm bells that similar efforts to undermine confidence in the electoral system could materialize this fall.The episode underscores how sheriffs and other officials can transform shoddy claims about voter fraud into law enforcement actions. Executing a warrant to seize ballots disrupts the chain of custody that is critical to maintaining ballot integrity, and also plants the idea in the public’s mind that a crime has occurred. Continue reading...

Milpitas approves measure to distribute smart doorbells and says residents can upload footage to police databaseA Silicon Valley city will offer its residents free wireless doorbells equipped with cameras to help police collect video evidence.The city council of Milpitas, a suburb north of San Jose, California, recently approved $60,000 to provide these devices on a one-camera-per-household, first-come, first-served basis, as was first reported by Milpitas Beat and confirmed by the Guardian. Continue reading...