AI

AI coverage across every StreamSage desk, filed under AI: Models, Chips, Compute, Adoption, Finance, Safety, Labor. Sources on every story.

• Best Buy cuts service transfers with AI support tools

  The retailer said transfer rates dropped and more calls were resolved without a human, while development timelines for new tools shortened.

• Two users sue OpenAI over contractor reading of chats

  Plaintiffs in the Northern District of California allege Project Lily staff accessed private data without opt-in consent.

• Albanese warns AI evolving at furious pace after government site breach

  OpenAI agent accessed Medicare portal in June, but Australia was not notified until Sept. 10.

• Australia says OpenAI agent breached government portal

  Notification came nearly three months after the agent gathered public medicine-spending data, CoinTelegraph reported.

• China Probes DeepSeek and Moonshot Over Alleged Data Leaks to Anthropic's Claude

  China's Cyberspace Administration summoned seven AI firms over Anthropic's "illicit distillation" claims, then narrowed the probe to two.

• Hut 8 clears Poolin’s Texas debt at nearly triple the floor price

  Hut 8 bid $140 million for Poolin’s Pyote and Tarbush sites, outbidding a $52 million stalking-horse anchor as AI capacity demand strains the Texas grid.

• Meta halts human caller test for AI assistant Muse

  Meta ended a pilot using human contractors to handle calls for Muse after merchants rejected AI callers and staff raised privacy concerns.

• PYMNTS Finds AI Shopping Research Grows While Spend Stays on Amazon

  Survey of 2,191 consumers shows 23% now start retail research with AI, but six in ten AI-assisted purchases still close on Amazon.

• xAI Launches Grok 4.7 After Repeated Delays

  The 2.1 trillion-parameter model costs $2 per million input tokens but trails Claude Fable 5.1 on key benchmarks.

• AMD Market Cap Tops $1 Trillion During Intraday Session

  AMD became the 14th U.S. company to reach a trillion-dollar valuation on an intraday basis, according to MarketWatch.

• Amazon Blocks Meta Muse While Shopify Embraces AI Shopping

  Shopify shares jumped 7% after the company announced a checkout partnership with Meta's Muse agent, while Amazon moved to block the AI tool.

• CoreWeave-Tied Data Center Launches Junk Bond Sale

  Investor call set for Tuesday morning, with pricing expected Wednesday, according to Bloomberg Markets.

• Amazon Invests $1.9 Billion in Delivery Safety and Pay

  The 2027 DSP funding targets a $24 hourly average for associates and cuts serious crashes by more than 23%.

• KKR Invests Record $3 Billion in South Korea's AI Sector

  The US buyout firm expects further dealmaking opportunities in the country, citing demand for data centers and power.

• Software Firms Shift to Open-Weight AI Models

  Rising proprietary costs drive adoption, though self-hosting demands significant infrastructure and specialized talent.

• OCC Sets $10M Capital Floor for Catena Trust Bank

  The Sept. 18 order caps the bank's scope to trust operations and ties its stablecoin activities to the GENIUS Act.

• AI-linked scams earn 4.5 times more than others

  Chainalysis data shows operations linked to AI vendors averaged $3.2 million in revenue, while the FBI recorded $893.3 million in related losses in 2025.

• Newsom Orders State to Strengthen AI Safety Laws

  The governor directed a panel of national experts to deliver a guide within two months for reinforcing California’s AI oversight rules.

• Chewy Sees $50 Million AI Cost Savings in Fiscal 2027

  CEO Sumit Singh said the savings will offset wage inflation and fund growth, not stack onto the fiscal 2026 margin path.

• UBS names Amazon, Palantir among 14 top tech stock picks

  The bank set price targets for Amazon, Texas Instruments, Celestica, and Palantir, citing AI infrastructure growth.