businessTuesday, July 28, 2026
Today's business news is split between the real economy and the AI hype cycle. Hollywood quietly builds AI into movies while fighting it publicly, Nvidia plays both sides of the open-source debate, and crypto treasury firms chase AI gains. Meanwhile, a classic mall retailer quietly closes stores, and a Canadian retailer gets slapped with a record fine.
A theme of contradiction runs through today's AI stories: companies say one thing publicly while doing another privately.
A Los Angeles Times investigation found that over 10% of recent Hollywood job listings are AI-connected, even as studios publicly fight AI through lawsuits and performer protests. The contradiction is stark: they're building the tools they claim to fear.
Nvidia launched the Open Secure AI Alliance to support open-weight AI models, but it's also backing secretive companies like OpenAI and Ilya Sutskever's super-secret startup. The mixed message suggests Nvidia wants to hedge its bets rather than pick a side.
Anthropic CEO Dario Amodei clarified the company doesn't want to ban open-weight models, just require safety testing for powerful ones. The open-weight debate is shifting from 'ban vs. allow' to 'where to draw the line.'
Digital-asset treasury firms are pivoting to AI after crypto losses crushed their share prices, but the strategy hasn't revived investor confidence yet. Former bitcoin miners who repurposed infrastructure for AI have had more success.
Two very different retail stories show the gap between the old guard and the new.
A 78-year-old mall retailer is quietly closing 24 stores as part of a broader shift from indoor malls to open-air centers. It's not that malls are dying, but they're changing shape, and not every legacy tenant will make the transition.
TravelAI relaunched the Sonder brand as an AI-powered travel site with curated urban rentals, a major pivot from the original company that shut down last year. The challenge is convincing travelers that a resurrected brand with AI can be trusted.
South Korea Payment Service Market Research Report- Forecast till 2035www.marketresearchfuture.com
Mexico Payment Service Market Research Report- Forecast till 2035www.marketresearchfuture.com
Meta demotes Facebook Feed as free selfie badge rolls out todayppc.land
Humanoid Global Provides Update on Agility Robotics Public Listing & Opens Silicon Valley AI Hub to Scale Digit Deploymentsfinancialpost.com
Trump hails Michigan auto boom, says other nations will no longer 'pillage your factories'www.washingtontimes.com
Ivantiopsmtrs.comU.S. and Korean tech stocks are now tightly linked — and that could be a worry for investorswww.cnbc.com
The article examines the growing correlation between U.S. tech stocks (Nasdaq 100) and South Korea's Kospi index, which recently hit a 60-day correlation of 0.50 — the highest since 2021. This linkage is driven by AI spending tying the fortunes of U.S. tech giants to Korean memor
Amazon Leo to connect smartphones directly from spacewww.heise.de
Amazon has announced plans for its Leo satellite network (formerly Project Kuiper), a constellation of up to 5,105 low Earth orbit satellites designed to provide direct-to-device (D2D) connectivity for smartphones and mobile devices. The system aims to deliver voice and data conn
Why the Coinbase CEO thinks pivoting from crypto to AI is a mistakewww.coindesk.com
Coinbase CEO Brian Armstrong argues against the trend of crypto companies pivoting to artificial intelligence, calling it "zero-sum, scarcity thinking." He frames cryptocurrency as general-purpose infrastructure—like electricity or the internet—rather than a sector that should be
How Buyers Actually Buy (And Why Modern AI Sales Tools Are Getting It Wrong) (via Passle)digital-leadership-associates.passle.net
The article critiques the current AI sales tool landscape, arguing that most "AI" solutions are simply automating outdated 1980s/90s sales processes (robo-callers, email spammers) rather than innovating. The author describes building Azpertilo from scratch with a different philos
Do You Fall for Social Media Jedi Mind Tricks? |www.bloggingfromparadise.com
The article critiques social media platforms' verification systems, arguing that paying for verification is a manipulative "Jedi mind trick" that exploits users' desire for credibility. The author expresses skepticism about the trend of users paying platforms like X, Facebook, an
AI Can Make You Worse: How to Not Cross the Invisible Linehackernoon.com
This article explores the double-edged nature of AI tools in knowledge work. Through a personal anecdote about a friend who blindly pasted an AI-generated error into a presentation, the author illustrates how AI can make people worse at tasks outside their expertise while improvi
Manitoba Innovates seeks to pump up in-person networking as artificial intelligence-created resumés become normwww.winnipegfreepress.com
Manitoba Innovates, a startup incubator, is launching a career catalyst program to promote in-person networking as AI-generated resumés become widespread. The program aims to help job seekers and employers connect authentically, bypassing the AI-driven application filtering syste
Harvey Norman and Latitude ordered to pay combined $55 million penalties for misleading customers • The Western Weekenderwww.westernweekender.com.au
The Federal Court has imposed a combined $55 million penalty on Harvey Norman Holdings ($35 million) and Latitude Finance Australia ($20 million) for misleading conduct in a national advertising campaign promoting a 60-month interest-free, no-deposit payment method. The penalty i
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