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The US government is taking an $8.9 billion stake in Intel

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President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel’s previously promised CHIPS Act funding into equity in the company was first reported earlier in August.

A meeting between Intel CEO Lip-Bu Tan and Trump following the President’s call for Tan to resign seems to be the source of the deal. “He walked in wanting to keep his job and he ended up giving us 10 billion dollars for the United States. So we picked up 10 billion,” Trump shared during the press conference.

Intel later announced more details on the investment. The company said in a press release that the government will “make an $8.9 billion investment in Intel common stock.” It adds that the equity stake will be funded by $5.7 billion previously earmarked for Intel as part of the CHIPS act, and $3.2 billion awarded as part of the Secure Enclave program. Intel had previously recieved $2.2 billion in CHIPS grants, bringing the government’s total spend on the chipmaker to $11.1 billion. The government paid $20.47 per share, so the $8.9 billion investment is equivalent to a 9.9 percent stake in the company.

It’s important to note that the government investing in Intel is not the same thing as receiving free money, it’s the exact opposite. Despite earlier comments from US Commerce Secretary Howard Lutnick suggesting the stake would be non-voting, common stock does come with voting rights. Intel does note that the investment will be passive, with no board representation, and that the government has agreed to vote with its board of directors “on matters requiring shareholder approval, with limited exceptions.”

Intel was supposed to receive up to $10.86 billion in federal funding to expand its chip manufacturing business in the US as part of the CHIPS Act. By agreeing to this deal, Tan is likely trying to make sure that funding still goes through, one of several drastic moves to keep Intel afloat. Tan assumed the title of CEO following Pat Gelsinger’s sudden retirement in 2024. Since taking over, he’s already committed to cutting Intel’s workforce by 20 percent. Even with lower costs and guaranteed investment, the company’s future is still uncertain: Intel is reportedly struggling to make its next-gen Panther Lake chips at scale.

The Trump administration says it won’t seek similar equity deals with other recipients of CHIPS act funding. That hasn’t stopped them from making other equally unprecedented financial arrangements. NVIDIA and AMD reportedly struck a deal with the US government that gives the companies the ability to export products to China in exchange for 15 percent of their profits.

Update, August 22, 6:20PM ET: This story was updated after publish with more information on the deal from Intel, and the headline was changed to the dollar figure, rather than the previously stated “10 percent” amount. A section quoting US Commerce Secretary Howard Lutnick saying that the stake was non-voting was also ammended to reflect the final details of the deal.



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NBA star Tristan Thompson is bringing artificial intelligence to basketball fans

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Tristan Thompson is well-recognized for his career in the NBA, having played for teams like the Cleveland Cavaliers, the Boston Celtics, and the Los Angeles Lakers, to name a few. He was even part of the team that earned an NBA championship in 2016. But while Thompson’s basketball reputation precedes him, off the court, he’s focusing on his various entrepreneurial ventures.

When asked by Yahoo Finance’s Financial Freestyle podcast host Ross Mac if he would invest his final dollar in artificial intelligence or the blockchain, Thompson picked the industry that’s already projected to be worth $3.6 trillion by 2034.

“You see what Mark Zuckerberg’s paying for all these AI gurus? So I might go AI,” he said (see the full episode above; listen below).

Thompson has already made AI one of his entrepreneurial ventures with the launch of TracyAI, an artificial intelligence that’s meant to offer real-time NBA analysis and predictive insights.

“Imagine a sports analyst or commentator on steroids,” he explained to Mac. “What I mean by that is having all the high-level analytics that you cannot get from NBA.com and ESPN … the analytics are coming from the professional teams. We have certain data and access to certain companies that only professional sports teams have access to. And I was able to pull that data with my resources and put it into the AI agent.”

Thompson saw the venture as “low-hanging fruit,” as it was one of the few areas he hadn’t yet noticed artificial intelligence being worked into. Though AI is slowly finding its way into the sports industry, TracyAI offers basketball fans access to statistics and projections they may not have had through the typical channels, creating a unique fan experience.

Tristan Thompson of the Cleveland Cavaliers warms up before the game against the Portland Trail Blazers at the Moda Center on March 25, 2025, in Portland, Ore. The Cleveland Cavaliers won 122-111. (Alika Jenner/Getty Images) · Alika Jenner via Getty Images

Though Thompson admitted AI has created some of its own controversies, it’s a venture where he’s ready to invest some of his financial resources to capitalize on the industry’s projected rapid growth.

“For me, it’s like, if [AI is] covering so many sectors, how come it hasn’t got into sports?” Thompson said. “This is an opportunity where I can be a visionary and a pioneer … I’ve always had this grind, build-up mentality, so it just migrated easily into Web3. If you look at Daryl Morey, he said he used AI agents to curate his Sixers roster … that just shows you that’s the first domino effect into something great.”



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No, AI Is Not Better Than a Good Doctor

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Search the internet and you will find countless testimonials of individuals using AI to get diagnoses their doctors missed. And while it is important for individuals to take ownership of their healthcare and use all available resources, it is just as important to understand the process behind an AI diagnosis.

If you ask AI to figure out what ails you based on inputting a series of symptoms, the AI will use mathematical probability to calculate the appropriate sequence of words that would generate the most valuable output given the specific prompt. The AI has no intrinsic or learned understanding of what “body,” “illness,” “pain,” or “disease” mean. Such practically meaningful concepts to humans are, to the bot, just letters encountered in the training set frequently paired with other letters.

New research on AI’s lack of medical reasoning

Recently, a team of researchers set out to investigate whether AIs that achieved near-perfect accuracy on medical benchmarks like MedQA actually reasoned through medical problems or simply exploited statistical patterns in their training data. If doctors and patients more widely rely on AI tools for diagnosis, it becomes critical to understand the capability of AI when faced with novel clinical scenarios.

The researchers took 100 questions from MedQA, a standard dataset of multiple-choice medical questions collected from professional medical board exams, and replaced the original correct answer choice with “None of the other answers.” If the AI was simply pattern-matching to its training data, the change should prove devastating to its accuracy. On the other hand, if there was reasoning behind its answers the negative effect should be minimal.

Sure enough, they found that when an AI was faced with a question that deviates from the familiar answer patterns it was trained on, there was a substantive decline in accuracy, from 80% to 42% accuracy. This is because AI today are still just probability calculators, not artful thinkers.

Artful medical practitioners see, hear, feel, and recognize medical conditions in ways they are often not consciously aware of. While an AI would be thrown off by an unfamiliar description of symptoms, good doctors listen to the specific word choices of patients and try to understand. They appreciate how societal factors can impact health, trusting both their own intuitions and those of the patient. They pay close attention to all the presenting symptoms in an open-minded manner, as opposed to algorithmically placing the patient in a generic diagnostic box.

Healing is more than a single task

And yet, algorithmic supremacists are as confident as ever in their belief that human healthcare providers will be replaced by machines. In 2016, at the Machine Learning and Market for Intelligence Conference in my hometown of Toronto, Geoffrey Hinton took the mic to confidently assert: “If you work as a radiologist, you are like Wile E. Coyote in the cartoon. You’re already over the edge of the cliff, but you haven’t yet looked down … People should stop training radiologists now. It’s just completely obvious that in five years deep learning is going to do better than radiologists.”

Seven years later, well past the five-year deadline, Kevin Fischer, CEO of Open Souls, attacked Hinton’s erroneous AI prediction, explaining how tech boosters home in on a single behavior against some task and then extrapolate broader implications based on that single task alone. The reality is that reducing any job, especially a wildly complex job that requires a decade of training, to a handful of tasks is absurd.

As Fischer explains, radiologists have a 3D world model of the brain and its physical dynamics in their head, which they use when interpreting the results of a scan. An AI tasked with analysis is simply performing 2D pattern recognition. Furthermore, radiologists have a host of grounded models they use to make determinations, and, when they think artfully, one of the most important is whether something “feels” off. A large part of their job is communicating their findings with fellow human physicians. Further, human radiologists need to see only a single example of a rare and obscure condition to both remember it and identify it in the future, unlike algorithms, which struggle with what to do with statistical outliers.

So, by all means, use whatever tools you can access to help your wellness. But be mindful of the difference between a medical calculator and an artful thinker.





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Escape from Tarkov is finally coming to Steam ‘soon,’ developer says

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Following news that Escape from Tarkov is escaping its perpetual beta, the pioneering extraction shooter is also about to make its debut on Steam. Nikita Buyanov, head of the Battlestate Games studio that developed Escape from Tarkov, confirmed on X that the game’s Steam page “will be available soon,” only teasing that the full details will come later.

Buyanov’s confirmation comes less than a day after the developer posted a GIF on X of a man spraying steam from an iron. Earlier this month, Buyanov revealed on X that the looter shooter will get its 1.0 release on November 15, 2025, more than eight years after the beta opened up to players in July 2017, and that the studio has plans to port it to consoles. The Steam page for Escape from Tarkov isn’t live yet, and with only vague details to go off of, longtime fans already have burning questions. Most importantly, existing players are eager to know if they will have to buy the game again on Steam and how this change will affect the ongoing cheating problem.

While we don’t have any answers yet, Battlestate Games recently went into damage control mode when it revealed the Unheard Edition of the game that costs $250 and includes a new PvE mode. This move irked longstanding players who previously purchased another premium edition of the game, called the Edge of Darkness, which promised access to all future DLCs. The controversy boiled down to owners of the Edge of Darkness edition claiming they should have access to the new content, but the studio argued that it isn’t classified as DLC. In the end, Buyanov apologized for the debacle and promised the PvE mode would be available for anyone who purchased the Edge of Darkness package.



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