AI Psychosis Is Rarely Psychosis at All

AI Psychosis Is Rarely Psychosis at All Summary WIRED examines a growing phenomenon where people in psychological crisis report false, grandiose or paranoid beliefs after long conversations with AI chatbots. Clinicians have begun using the catch-all phrase “AI psychosis,” but experts warn that the term is misleading: most cases centre on delusions rather than the […]

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Innovation Convergence

Innovation Convergence Summary This paper examines convergence in innovation using patenting data for two-digit manufacturing industries across 32 countries (1976–2006). The authors find that patenting rates converge over time: industries or countries with fewer initial patents grow faster. Beyond counts, patent quality (citations and citations per patent) and efficiency (patents per worker) also converge. The […]

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Gambling Winnings Tax Canada: CRA and US Withholding

Gambling Winnings Tax Canada: CRA and US Withholding Summary This guide explains how Canadian tax rules and US withholding interact for gambling winnings. For most casual players, provincial lottery prizes and standard Canadian online-casino or sportsbook payouts are not taxable in Canada. However, income generated from investing those winnings (interest, dividends, capital gains) is taxable. […]

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Times Square Casino Plan Falls Through Due to Broadway Opposition

Times Square Casino Plan Falls Through Due to Broadway Opposition Summary A proposed $5.4bn Caesars Palace casino in Times Square was rejected by a six-member Community Advisory Committee on 17 September, losing by a 4–2 vote despite support from representatives of Governor Kathy Hochul and Mayor Eric Adams. Broadway producers, theatre owners and local supporters […]

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ADG Issues Warning to Operators with Prediction Market Ties

ADG Issues Warning to Operators with Prediction Market Ties Summary The Arizona Department of Gaming (ADG) has formally warned licensed operators that partnerships or ties with companies offering event contracts or prediction-market products — even if those activities occur outside Arizona — could jeopardise their licence status in the state. Director Jackie Johnson’s letter stresses […]

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Activist Cevian says capital plans make Swiss HQ ‘not viable’ for UBS

Activist Cevian says capital plans make Swiss HQ ‘not viable’ for UBS Summary Activist investor Cevian has publicly criticised UBS’s capital plans, saying they render maintaining the bank’s Swiss headquarters ‘not viable’. The intervention ramps up pressure on UBS management and the board over strategy and capital allocation, and raises fresh questions about the future […]

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