Jun 23, 1998 12:15 PM

Market Update

High-tech and oil shares had stocks pumping. The Nasdaq, driven by speculation that Internet service providers were attractive targets for takeovers or mergers, was up 25 by midday. The Dow was ahead 83.

Comments

The Atlantic’s Near-Record Hurricane Drought Is About to End

Tropical Storm Isaias is set to become the basin’s first hurricane of the season, bringing life-threatening rain and storm surge to the Gulf Coast.

Brian Kahn

Polymarket Halted International Trading After Hackers Drained Accounts

The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole.

Kate Knibbs

Rural Data Centers Are in for a Big Federal Tax Break

Under the One Big Beautiful Bill Act, data center projects in rural areas could be eligible for major tax benefits starting next year. Some hyperscalers do not seem eager to take the free cash.

Molly Taft

Mistral Says Its New AI Model ‘Le Chonk’ Is the Best Open-Weight Offering Outside of China

With the release of its new trillion-parameter model, Mistral is hoping to demonstrate it’s “still in the race” to build frontier-level artificial intelligence.

Joel Khalili

These Midterm Races Will Decide Data Centers’ Political Fate

From the Senate to governors’ mansions, candidates are trying to outcompete each other to be the most anti–data center in races across the US.

Molly Taft

Mistral Says Its AI Model ‘Le Chonk’ Has Leapfrogged China in the Open-Weight Race

The French AI lab claims its latest release matches or outperforms even the best models from DeepSeek and Z.ai in coding and cybersecurity.

Joel Khalili

America’s Hybrid Hype Has Hit the Used Market

Demand is so high that some used cars are selling for more than new ones.

Aarian Marshall

Data Centers Have a New PR Plan: Your Kid’s Field Trip

Amid a wave of backlash, some industry-friendly groups are employing creative and time-tested strategies to woo the youth.

Caroline Haskins

The Nvidia Shield TV Is 7 Years Old. It Just Got a $100 Price Hike

The price of anything with memory is skyrocketing thanks to AI. Aging streaming devices are no exception.

Ryan Whitwam, Ars Technica

Anthropic’s IPO Prospectus Reveals What’s Under the Hood

Anthropic on Monday filed documents ahead of a blockbuster IPO that offers insight into the company’s financials, risk factors, and views on the future of AI.

Joel Khalili

Why Anthropic’s IPO Prospectus Is Missing So Many Key Figures

Anthropic’s S-1 filing is hundreds of pages long—and it leaves out quite a few financial details. “Anthropic owes investors more information,” one analyst tells WIRED.

Lauren Goode

Anthropic Flags Gas Supply as One of Its Biggest Near-Term Risks

The data center buildout could cause a massive increase in gas prices as companies scramble for limited supplies and infrastructure fails to meet demand.

Molly Taft