Several lawsuits have been filed accusing gas station companies like Marathon, Circle K, 7-Eleven, BP, and Walmart of using AI-powered software to collude and drive up fuel prices in California. The software, developed by Kalibrate, helps coordinate high prices and discourages stations from pricing gas lower than competitors. The plaintiffs allege that this has led to increased fuel prices, with research showing that many stations using this software can increase fuel prices by 4.5%.
Recursion Pharmaceuticals is using AI to develop new treatments for diseases, analyzing large data sets to find potential treatments. CEO Chris Gibson believes AI can help develop treatments faster and more efficiently. This approach has shown promise in labs and caught investors' attention.
SoftBank founder Masayoshi Son has dismissed concerns about an AI bubble, calling it 'blasphemy against AI.' He believes AI is still in its early stages and its potential will be unlocked. Son plans to lead SoftBank into his 70s to achieve 'artificial superintelligence,' 10,000 times smarter than humans.
Google has introduced a new feature in its Gemini 3.5 Flash model, allowing agents to interact across platforms and improve agentic computer use tasks. Meanwhile, Microsoft has used AI to link two malware operations, StealC and Amadey, in a racketeering suit, demonstrating the power of AI in disrupting cybercrime.
General Motors has installed 50 robot arms at its Detroit EV factory to improve efficiency and productivity, sparking concerns among union workers about potential job losses due to automation. The US and EU allies have also joined a pact to create a new generation of AI chips and reduce reliance on Chinese suppliers.
US Senators are reviving a bill to require labels on AI-generated content to give consumers more transparency and prevent confusion and misinformation online. AI stocks have suffered a massive decline, but smart investors are shifting to undervalued stocks that have been ignored this year.
Key Takeaways
- Gas station companies accused of using AI to collude and drive up fuel prices in California.
- Recursion Pharmaceuticals uses AI to develop new treatments for diseases.
- SoftBank's Masayoshi Son dismisses AI bubble concerns.
- Google introduces new feature in Gemini 3.5 Flash model.
- Microsoft uses AI to link malware operations.
- General Motors installs robots at EV factory.
- US and EU allies join pact to create new AI chips.
- US Senators revive bill to require labels on AI-generated content.
- AI stocks suffer massive decline.
- Chip stocks rally ahead of Micron earnings report.
AI Helps Gas Stations Collude to Raise California Fuel Prices
A federal lawsuit accuses gas station giants like Marathon and Circle K of using AI-powered software to collude and drive up fuel prices in California. The software, called Kalibrate, helps coordinate high prices and discourages stations from pricing gas lower than competitors. The lawsuit seeks to represent California drivers who bought gas at stations using Kalibrate software since June 2022.
Lawsuit Claims AI Helps 7-Eleven, BP, Walmart Manipulate Gas Prices
A new lawsuit claims companies like 7-Eleven, BP, and Walmart are using AI to manipulate gas prices in California. The AI tracks customer data to help stations keep up with each other's prices, stifling competition. This lets companies keep prices high, giving consumers no option to find lower prices.
Class-Action Lawsuit Blames AI for Gas Price Inflation in California
A federal class-action suit accuses gas station operators in California of colluding to keep fuel prices high using AI software from Kalibrate. The plaintiffs allege that stations using this software can maximize profit while staying competitive locally. Research shows that many stations using this software can increase fuel prices by 4.5%.
Recursion Pharmaceuticals: AI in Biotech
Recursion Pharmaceuticals is a biotech company using AI to develop new treatments for diseases. Unlike many biotech firms, Recursion uses machine learning to analyze data and identify potential treatments. This approach has shown promise in labs and caught investors' attention.
Recursion Pharmaceuticals: AI for Biotech
Recursion Pharmaceuticals aims to prove that AI's next big winner can come from biotech, not just tech. The company uses AI to analyze large data sets to find new treatments for diseases like cancer. CEO Chris Gibson believes AI can help develop treatments faster and more efficiently.
SoftBank's Son: AI Bubble Talk is 'Blasphemy'
SoftBank founder Masayoshi Son says talk of an AI bubble is 'blasphemy against AI.' He believes AI is still in its early stages and its potential will be unlocked. Son plans to lead SoftBank into his 70s to achieve 'artificial superintelligence,' 10,000 times smarter than humans.
SoftBank's Masayoshi Son Denies AI Bubble
SoftBank's Masayoshi Son says he's become greedier and wants to do more in the next 10-15 years. He aims to achieve 'artificial superintelligence' by leading the company into his 70s. Son dismisses concerns about an AI bubble, calling it 'blasphemy against AI.'
GM Installs Robots at EV Factory After Layoffs
General Motors installed 50 robot arms at its Detroit EV factory, made by FANUC, to improve efficiency and productivity. The move sparked concerns among union workers about potential job losses due to automation.
US and EU Allies Join Pact to Break Chinese AI Supply Chain
The US and EU allies have joined a pact to create a new generation of AI chips and reduce reliance on Chinese suppliers. The goal is to boost innovation and secure AI technologies.
Senators Revive Push for AI Labels
US Senators are reviving a bill to require labels on AI-generated content to give consumers more transparency. The bill aims to prevent confusion and misinformation online.
AI Stocks Suffer Massive Bloodbath
AI stocks suffered a massive decline, but smart investors are not panicking. Instead, they are shifting to undervalued stocks that have been ignored this year.
Chip Stocks Rally Ahead of Micron Earnings
Chip stocks rallied ahead of Micron's earnings report as investors bet on the AI boom continuing. Analysts discuss the AI stock pullback and economic trends.
Gemini 3.5 Flash Introduces Computer Use
Google's Gemini 3.5 Flash now supports computer use, allowing agents to interact across platforms. This feature aims to improve agentic computer use tasks.
Microsoft Uses AI to Link Malware Operations
Microsoft used AI to link two malware operations, StealC and Amadey, in a racketeering suit. The AI tools helped analyze malware infrastructure and disrupt cybercrime.
Sources
- AI is helping gas stations collude to raise California fuel prices, lawsuit says
- Lawsuit claims 7-Eleven, BP and Walmart using AI to manipulate California gas prices
- Class-Action Lawsuit Blames AI for Causing Gas Price Inflation in California
- 1 of the Most Interesting AI Stocks in the Market Isn’t a Tech Company
- 1 of the Most Interesting AI Stocks in the Market Isn’t a Tech Company
- Talk of a bubble is 'blasphemy against AI' says SoftBank's Son
- 'I have become greedier': SoftBank's Masayoshi Son bins AI bubble, says he will chase superintelligence into his 70s
- GM installs robots at flagship EV factory after laying off 1,300 workers
- EU allies join US pact to break reliance on Chinese AI supply chains
- Senators revive push for AI labels - Live Updates
- AI Stocks Just Suffered a Massive Bloodbath. But Smart Investors Aren't Panicking—They're Doing This Instead
- Chip stocks rally ahead of Micron earnings as investors bet AI boom has room to run
- Introducing computer use in Gemini 3.5 Flash
- Microsoft uses AI to link two malware operations in racketeering suit
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