A booming Montana city’s struggle with homelessness is a warning — and a model — for the West

Housing costs and the homeless population have soared in the Western Montana city of Missoula this year. For the first time ever this year, the city’s largest emergency shelter was kept open year-round rather than just during the frigid winter months. Jill Bonny, executive director of the nonprofit Poverello Center, which runs the city’s only…

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Bitcoin ETFs see highest daily outflows ever as traders brace for Election Day volatility

Investors pulled a record amount from bitcoin exchange-traded funds to start the week as they prepared for volatility in the world’s largest crypto amid potential election uncertainty. Bloomberg data shows that the 12 spot bitcoin ETFs in the market lost $579.5 million on Monday. That’s a record daily outflow for the funds since they first…

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Super Micro Computer could be delisted from the Nasdaq this month amid a steep plunge following auditor’s resignation

Super Micro Computer, a darling of the artificial intelligence trade, has seen its stock tumble sharply after a 1,600% rally, and now faces delisting following the resignation of its auditor last week. Shares of the company have crashed 79% from their peak, plummeting further last week after accounting firm EY said it would resign as…

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China is boosting market sentiment by playing up hopes for stimulus

Chinese Premier Li Qiang. China is playing up its economy as the US heads to the polls in a closely watched presidential election. On Tuesday, Chinese Premier Li Qiang touted his country’s economy, saying he’s confident of hitting its GDP growth target of around 5% this year, according to state media. He also drummed up…

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OpenAI hires Meta’s former AR glasses lead to head its robotics team

Caitlin Kalinowski oversaw the creation of Orion, Meta’s prototype AR glasses. OpenAI has hired Meta’s former hardware lead, according to a LinkedIn post. Caitlin Kalinowski, who served as Meta’s head of AR glasses hardware until July, said she was joining OpenAI to lead the company’s robotics and consumer hardware efforts. “In my new role, I…

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The election is a big test for AI companies like OpenAI and Perplexity

ChatGPT didn’t exist during the last presidential election in 2020. Its launch two years ago kicked off a wave of generative AI chatbots and tools integrated into popular consumer products like Google Search. Ahead of the election, the companies behind the products had to decide what restrictions, if any, they would implement on AI-generated content…

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