OpenAI exec says it will burn $50B on compute this year • The Register


An executive for ChatGPT maker OpenAI said in court testimony on Tuesday that the AI model developer expects to burn $50 billion on computing power before the end of the year.

Cofounder and president Greg Brockman threw out the number, which was previously reported by Bloomberg, during OpenAI’s closely watched legal battle with hype-fiend Elon Musk.

If it wasn’t obvious, that would be $50 billion of someone else’s money. Nearly four years after ChatGPT kicked off the AI boom, OpenAI’s leadership hasn’t yet figured out how to turn a profit. Heck, the company can’t even manage to hit its own revenue targets, if recent reports are to be believed.

That hasn’t stopped CEO Sam Altman from talking the likes of Microsoft, Amazon, SoftBank, Nvidia and others into issuing press releases claiming plans to invest tens of billions of dollars into his quest for AGI. (Or was it AI superintelligence? The goalposts haven’t exactly been fixed in concrete.)

We’re not sure if “investment” adequately captures the roundabout financial engineering that’s gone into these highly publicized deals. Many are contingent on OpenAI using some of the pledged cash to lease massive quantities of compute either directly from its backers or their partners.

Back in February, Amazon, Nvidia, and SoftBank announced a $110 billion investment in the AI startup, at least $80 billion of which came with strings attached.

For example, OpenAI would need to rent two gigawatts of Amazon’s Trainium AI accelerators and deploy its top GPT models in AWS to claim $35 billion of the $50 billion promised by the cloud titan.

Similarly, Nvidia’s $30 billion investment was tied to the deployment of five gigawatts of training and inference compute capacity at an estimated cost of $300 billion.

In other words, these companies’ investments in OpenAI are really more of a discount or rebate. It raises the question: Can OpenAI actually burn $50 billion in 2026, or is it simply throwing out more big numbers in hopes of maintaining an air of unassailable momentum? Place your bets – ideally in the form of burning as many heavily subsidized tokens as you can now, before prices inevitably rise.

We’ve reached out to OpenAI for comment; we’ll let you know if we hear anything back. ®



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Australia news live: banks pass on interest rate hike to customers; Sydney ‘globalise the intifada’ forum held in park | Australia news

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Big four banks lift interest rates

Adeshola Ore
Adeshola Ore

Australia’s big four banks have all lifted interest rates after the Reserve Bank handed down a third consecutive rate hike yesterday.

The RBA lifted the cash rate from 4.1% to 4.35%, in a widely expected decision on yesterday afternoon.

Macquarie Bank was the first Australian bank to announce it would pass on the 0.25% interest rate rise to its variable home loan customers from 22 May.

The country’s big four banks – Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Westpac and ANZ — followed suit, announcing they would all pass on the 0.25% increase to their customers.

Key events

Albanese convenes national cabinet on fuel

Tom McIlroy
Tom McIlroy

State and territory leaders will hold talks with prime minister, Anthony Albanese, this morning as national cabinet continues to grapple with the international fuel crisis.

The PM is due to chair the virtual meeting mid-morning.

It comes a day after the US President Donald Trump threatened that Iran would be “blown off the face of the earth” if it attacks US vessels trying to reopen a route through the strait of Hormuz.

More than 800 ships and 20,000 crew members remain stranded in the region.

Federal government data shows Australia has 43 days of petrol supply on hand, along with 33 days of diesel and 28 days of jet fuel.



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Texas man identified as suspect shot by Secret Service near White House


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Fox News has learned the name of the suspect shot by U.S. Secret Service officers near the White House this week. 

Michael Marx, a 45-year-old Texan, has been identified as the individual seen allegedly carrying a firearm just blocks from the White House on Monday, sources told Fox News on Tuesday.

Secret Service Uniformed Division officers engaged the suspect after he was observed pulling a gun, a federal source previously told Fox News Digital. 

In a news conference, Secret Service Deputy Director Matt Quinn told reporters that the suspect allegedly shot in the direction of officers after they tried to confront him near 15th Street and Independence Avenue, causing the agents to return fire.

SECRET SERVICE THWARTS POTENTIAL THREAT NEAR TRUMP’S WHITE HOUSE GROUNDS WITH RAPID RESPONSE

A crime scene technician removes a gun on the National Mall in Washington, D.C.

A crime scene technician removes a gun following an exchange of gunfire between the Secret Service and a gunman on the National Mall in Washington, D.C., on May 4, 2026. Police said the gunman shot at a Secret Service agent and wounded a bystander before police shot the gunman. (Andrew Leyden/Getty Images)

 A juvenile suspect was also struck by the suspect and sustained non-life-threatening injuries, Quinn said. 

Quinn said the confrontation began after trained surveillance personnel spotted a “visual print” of a weapon.

“My understanding is they observed a print,” Quinn said. “These are trained surveillance detection personnel out there looking every day to look for just that… and they observed a visual print of a firearm.”

DC NATIONAL GUARD SHOOTING SUSPECT FORMALLY CHARGED

“Upon making contact, that individual fled briefly on foot, withdrew a firearm and fired in the direction of our agents and officers,” Quinn said. “They returned fire and engaged.”

A National Guard soldier and U.S. Secret Service officer secure the crime scene.

A National Guard soldier and U.S. Secret Service officer secure the crime scene following an exchange of gunfire by the U.S. Secret Service and a gunman on the National Mall on May 4, 2026, in Washington, D.C. (Andrew Leyden/Getty Images)

Vice President JD Vance’s motorcade had passed through the area not long before the shooting, but the incident appears to be unrelated, according to Quinn.  

Quinn also dismissed questions regarding whether the suspect was targeting President Donald Trump in light of the recent attack at the White House Correspondents’ Association Dinner.

SECRET SERVICE AGENT ASSIGNED TO VANCE PLACED ON LEAVE AFTER ALLEGED SECURITY LEAK

 “I can’t say — I’m not going to guess on that,” Quinn said. “I can tell you that every time, we’re patrolling this area. In every site, we do 24/7, hardcore, whether or not it was directed to the president or not, I don’t know. But we will find out.”

Marx was subsequently transported to a local hospital, though his condition has not yet been released by authorities.

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Additionally, prosecutors have not yet revealed what charges Marx may face stemming from the alleged incident. 

Fox News Digital’s Sarah Rumpf-Whitten contributed to this report.



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Us: Two killed, three injured in indiscriminate firing in Texas, America; Agencies engaged in investigation – Texas Mall Shooting Several Dead Many Injured At Carrollton K-town Plaza Gunman Arrested Usa

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On Tuesday, a person opened fire on five people in Carrollton, a city north of Dallas in the US state of Texas. Two people died in this violent incident, while three others were injured. The police took action and arrested the attacker.


Carrollton Police Chief Roberto Arredondo informed that this was not a random attack. The attacker and the victim already knew each other. Police believe that there was a business relationship between them and they had met for a meeting. However, the real purpose of that meeting is not yet clear.

The incident occurred at K Town Plaza in the Koreatown area of ​​Carrollton, which is about 32.1 kilometers from Dallas. In the video available on social media, police officers were seen searching the plaza with weapons in their hands. Seeing the seriousness of the matter, along with the local police, officials of FBI and another federal agency also reached the spot for investigation.

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US Army says ‘Project Freedom’ in blockaded Hormuz has ‘just begun’ | US-Israel war on Iran News

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A military operation titled “Project Freedom” has been launched by the US Navy to secure a safe passage of commercial vessels through the blocked Strait of Hormuz, a spokesperson for the United States military’s Central Command (CENTCOM) told Al Jazeera on Tuesday.

The Strait of Hormuz has been at the centre of the US-Israeli war on Iran that began on February 28, triggering disruptions that have pushed up commodity prices around the world.

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Iran has effectively sealed off the strait by threatening to deploy mines, drones, missiles and fast-attack craft. The US has countered by blockading Iranian ports and mounting escorted transits for commercial vessels.

The US military spokesperson said that ship owners and insurance companies have responded positively to the operation, which has “just begun” and is aimed at ensuring commercial ships can pass through the strait safely to benefit global and regional economies.

Later on Tuesday, US Secretary of State Marco Rubio said at a news conference in Washington, DC, that 10 civilian sailors have died due to the ongoing conflict in the Strait of Hormuz, adding that the US Navy has destroyed seven Iranian fast boats in the waterway.

Rubio said the US will continue to clear a passageway through the strait to restore freedom of navigation.

Operation ‘defensive in nature’

US Defense Secretary Pete Hegseth said the operation has the goal of reopening the strait and allowing the passage of thousands of stranded commercial vessels.

“Project Freedom is defensive in nature, focused in scope, temporary in duration [and] with one mission: protecting innocent commercial shipping from Iranian aggression,” Hegseth said during a briefing on Tuesday at the Pentagon.

He said that as part of Project Freedom, US forces would not need to enter Iranian waters or airspace, adding that Iran can no longer be allowed to prevent international commerce.

“Iran … cannot be allowed to block innocent countries and their goods from an international waterway,” Hegseth said, and added that two US commercial vessels, along with the country’s warships, have already traversed the strait.

“They said they control the strait – they do not,” the secretary said.

Iran denied any crossings had taken place, though shipping company Maersk said the Alliance Fairfax, a US-flagged ship, exited the Gulf under a US military escort on Monday.

Several merchant ships in the Gulf reported explosions or fires on Monday, and the United Arab Emirates (UAE) claimed to have come under an Iranian attack, with an oil port targeted on Monday. On Tuesday, Iran’s army denied any attack on the UAE in recent days.

Iran did confirm firing warning shots at a US warship approaching the strait, forcing it to turn back.

Alexandru Hudisteanu, a military and diplomatic analyst, has told Al Jazeera that the US operation to force open the Strait of Hormuz considerably increased the risk of miscalculation from both sides, especially Iran.

He said that by pushing two ships through the strait yesterday, the US “trapped Iran in an escalation situation”.

After issuing a new map of the Strait of Hormuz with an expanded Iranian area of control, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned vessels on Tuesday to stick to the corridors it had set or face a “decisive response”.

US President Donald Trump said Iran’s military had been reduced to firing “peashooters” and Tehran wanted peace, despite public sabre-rattling.

“They play games, but let me just tell you, they want to make a deal,” the US president told reporters in the Oval Office.

On Tuesday, Air Force General Dan Caine, chairman of the US Joint Chiefs of Staff, said that there are more than 1,500 vessels with about 22,500 crew trapped inside the Gulf, but that Iranian attacks against US forces fell “below the threshold of restarting major combat operations at this point”.

Asked what Iran would need to do to violate the ceasefire, Trump said: “They know what not to do.”



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Austin Rivers fires back at Draymond Green, calls him ‘luckiest basketball player I’ve ever seen’


As the Golden State Warriors‘ dynasty continues to fade, veteran Draymond Green is making sure he’s going down swinging.

Gone are the days of blind confidence in the dynastic yet turbulent Warriors teams.

Growing buzz surrounding the team now points to its impending demise: talk of coach Steve Kerr‘s exit, calls for a roster overhaul, and, loudest of all (as expected), Draymond Green’s role on the sinking ship, which has turned into meaty podcast fodder for the outspoken Warriors forward.

ZERO BS. JUST DAKICH. TAKE THE DON’T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!

Recently on his pod, Green took aim at Kerr, who coached that dynasty to four NBA championships. Green suggested Kerr didn’t guide his career, but limited it.

Austin Rivers and Draymond Green are locked in a war of words, though the edge may belong to the Warriors veteran over the typically measured Rivers. (Getty Images)

Austin Rivers and Draymond Green are locked in a war of words, though the edge may belong to the Warriors veteran over the typically measured Rivers. (Getty Images)

“As much as Steve has done for me in basketball, part of me thinks he’s hindered me in my career and what I could have become. When I think of who I was offensively as a player and who I became, I think part of that is due to him. He hasn’t drawn up a play for me since 2017.”

BUCKS PART WAYS WITH DOC RIVERS AFTER NBA PLAYOFF MISS: REPORT

On the outside, former NBA lottery pick Austin Rivers wasn’t buying it, and a fiery back-and-forth was born.

Appearing on The Dan Patrick Show, Rivers flipped the argument, framing Green not as a victim of the system but its biggest beneficiary.

Draymond Green reacting after receiving a technical foul during an NBA playoff game in Minneapolis

Draymond Green of the Golden State Warriors reacts to a technical foul during the second quarter of Game Two in the Western Conference Second Round NBA Playoffs at Target Center in Minneapolis on May 8, 2025. (David Berding/Getty Images)

“You were the luckiest basketball player I think I’ve ever seen. You were drafted to a franchise with a Hall of Fame front office, Hall of Fame coach, the greatest shooter of all time and perhaps a top five player of all time. Not to mention one of the most lethal scorers of all time and arguably a top 10 player of all time, Kevin Durant, the same guy you chased off because you talk too much. Steve Kerr made your career. How dare you?”

Draymond fired back by shifting away from basketball and into personal territory.

Green mocked the contract Rivers signed with the Clippers in 2016 while his father, Doc Rivers, was running the team, also invoking President Trump’s name in a slight.

“Everything isn’t something you should speak on. Rivers received the biggest bailout in U.S. history prior to President Trump bailing out the airlines. I wish I could give my son $200 million if I was a coach. You were gone from your first team in two years while I’m still here.”

DRAYMOND GREEN UPSET WITH ‘AGENDA’ THAT HE IS AN ‘ANGRY BLACK MAN’

In response to Green on Tuesday, Rivers did not back down.

He openly called out Green’s volatility, including the 2022 punch of teammate Jordan Poole, and questioned his maturity.

Draymond Green and Austin Rivers fighting for the basketball during a game at Oracle Arena

Draymond Green of the Golden State Warriors and Austin Rivers of the Houston Rockets fight for the ball in the third quarter during Game 5 of the Western Conference Semifinals at Oracle Arena in Oakland, Calif., on May 8, 2019. (Carlos Avila Gonzalez/San Francisco Chronicle/Getty Images)

“You don’t have the wherewithal to do your due diligence and actually understand I was being highly complimentary to you. It’s you, and I shouldn’t be surprised.

“You always act irrationally and emotionally immature, and your anger always puts you in hot water, so here I am having to address a video of you belittling my career. Yeah, the NBA doesn’t give coaching jobs to guys who may or may not sucker punch one of the players or staff.”

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Amid all the haymakers, both sides took hits, though Green still has the hardware to flex over Rivers. Draymond may have never eclipsed teammates Steph Curry and Klay Thompson, or even Kevin Durant during his stint, when it comes to being the key championship piece, but his role as the roster’s glue is undeniable. Rivers has never played a role as integral as Green’s.

Draymond Green and Austin Rivers disputing a call with referee Courtney Kirkland on basketball court

Draymond Green of the Golden State Warriors and Austin Rivers of the Denver Nuggets dispute a call with referee Courtney Kirkland during the second quarter in Denver, Colo., on April 21, 2022. (Aaron Ontiveroz/MediaNews Group/The Denver Post/Getty Images)

Still, Rivers is pointing to a reality many have argued for years: Kerr did not limit Green.

Now, as Golden State faces an uncertain offseason, Green’s comments raise larger questions.

Are we finally at the end of the Warriors’ run? And how much of it was Draymond’s fault?

Send us your thoughts: alejandro.avila@outkick.com / Follow along on X: @alejandroaveela 



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Israel kills one boy, injures officers in strike on Gaza police station | Newsfeed

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NewsFeed

A 15-year-old boy, Mahmoud Sahweil, was killed when Israel struck a Gaza police station. His aunt says he was out selling bread to support his 15-member family. Israel has killed at least 830 Palestinians in Gaza since the October 2025 “ceasefire”.



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RFK Jr. targets ‘overuse’ of psychiatric medications with new initiative


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Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. on Monday unveiled a new initiative targeting what he described as the “overuse” of psychiatric medications, part of a broader push to confront the nation’s mental health crisis.

Speaking Monday at a Make America Healthy Again Institute summit, Kennedy said the effort will emphasize the appropriate deprescribing of psychiatric drugs while shifting care toward prevention and more holistic treatment approaches.

“Today, we take clear and decisive action to confront our nation’s mental health crisis by addressing the overuse of psychiatric medications — especially among children,” Kennedy said in a statement. 

“We will support patient autonomy, require informed consent and shared decision-making, and shift the standard of care toward prevention, transparency, and a more holistic approach to mental health.”

RFK JR UNVEILS $100M EFFORT TO TACKLE ADDICTION, HOMELESSNESS AND MENTAL ILLNESS

HHS Secretary Robert F. Kennedy Jr. testifies before Senate committee.

Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. on Monday unveiled a new initiative targeting what he calls the “overuse” of psychiatric medications. (Andrew Harnik/Getty Images)

Antidepressants rank among the most commonly prescribed drugs in the United States, with a 2025 survey of over 30,000 adults showing that 16.6% were using them, according to The Wall Street Journal.

Kennedy stressed the effort is not about forcing patients off medication, the outlet reported.

“Let me be clear: If you are taking psychiatric medication, we are not telling you to stop,” Kennedy said. “We are making sure you — and your clinician — have the information and support to make the right decision for you.”

TRUMP TURNS OBAMA-ERA YOUTH HEALTH POLICY ON ITS HEAD AS SCHOOL FITNESS BENCHMARK RETURNS

The Health and Human Services seal displayed at the Hubert Humphrey Building Auditorium

The Health and Human Services seal is displayed before Secretary Robert F. Kennedy Jr.’s news conference at the Hubert Humphrey Building Auditorium in Washington on April 16, 2025. (AP Photo/Jose Luis Magana, File)

In a letter released Monday, HHS urged providers to prioritize informed consent and shared decision-making, and to routinely reassess the risks and benefits of psychiatric medications with patients.

The department also highlighted other ways to treat mental health issues, including therapy, family support, better nutrition and exercise, when appropriate.

At the same time, the Centers for Medicare & Medicaid Services (CMS) announced new guidance allowing physicians to be reimbursed for helping patients safely taper off psychiatric medications and monitor withdrawal.

The plan also includes a new report on prescribing trends, more training for doctors, and a panel of experts to guide future decisions on medication use.

TRUMP SURGEON GENERAL PICK SPARKS BACKLASH, SPLITS MAHA MOVEMENT

A man's hand holding a plastic bottle with white antidepressant pills

A man holds a plastic bottle containing white antidepressant pills in Warsaw, Poland, on April 25, 2024. (Jaap Arriens/NurPhoto)

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An HHS spokesperson pointed to rising prescription rates among children, including increases in ADHD diagnoses and antidepressant use, arguing the trend reflects “overmedicalization” and a need to expand non-drug, evidence-based treatment options.

“HHS is committed to elevating the role of nonmedication treatments and scalable, evidence-based solutions to improve mental health and prevent the unnecessary initiation of psychiatric medications,” an HHS spokesperson told Fox News Digital.



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Noyb cries foul on LinkedIn withholding profile visitor data • The Register


A LinkedIn feature the average non-paying user likely only glances past could end up setting a legal precedent in the EU regarding how companies treat customer data that they’ve processed. 

Take a look at your LinkedIn profile, if you have one, and you’ll see a space where you can look at profile viewers. For premium LinkedIn users, the list of people who visit one’s profile goes back 365 days and includes names, job title and employer, and an easy link to the person’s profile, unless they’ve toggled their visibility off for privacy reasons. 

premium-linkedin-profile-viewers

What a premium LinkedIn user sees when they look at their profile viewers – Click to enlarge

Non-premium LinkedIn users, on the other hand, don’t get nearly the same level of visibility on their profiles. If you don’t fork over cash to LinkedIn owner Microsoft each month for the privilege, you’ll just see things like “12 people found you though the homepage,” or that someone with a certain job title from a certain company was scoping out your LinkedIn page. 

linkedin-profile-viewers-free

What you’ll see on the profile viewers screen if you don’t have a paid-for LinkedIn account – Click to enlarge

Clicking anything on the free user list redirects you to a LinkedIn premium signup page or search results for employees at one of the aforementioned companies.

One unnamed LinkedIn user refused to accept this lesser status, and approached Microsoft to exercise their GDPR Article 15 right to a copy of their personal data processed by LinkedIn. “Processed” can mean a variety of things, including something as broad as simply hosting a particular type of information. 

LinkedIn rejected the request on the grounds that protecting that data took precedence. Now the data protection warriors at EU privacy outfit Noyb (“none of your business”) are getting involved.

“Selling data to its own users is a popular practice among companies,” Noyb data protection lawyer Martin Baumann said of the case. “In reality, however, people have the right to receive their own data free of charge.”

Take a look at the language of Article 15, and it’s pretty clear: data subjects (i.e., users) have the right to a copy of any and all data concerning them that’s been processed by the provider. A full list of profile visitors seemingly should fall under Article 15 data – even if it’s normally reserved for paying users and presented to them in a nicer way, it should still be accessible to free users who actually request it. 

LinkedIn didn’t appear to believe that it was doing anything wrong at all. In a clear denial of facts that are obviously apparent to any non-paying LinkedIn user, including the writer and both editors who worked on this story, a LinkedIn spokesperson told us, “Not only is it incorrect that only Premium members can see who has viewed their profile, but we also satisfy GDPR Article 15 by disclosing the information at issue via our Privacy Policy.” The first part of that statement is false, as you can see from the screenshot above. Given the obvious untrustworthiness of that half of the statement, we didn’t bother wasting any time trying to evaluate the second part.

Noyb acknowledges there’s a clear bit of legal fuzz stuck in this corner of the GDPR when it comes to premium service offerings. 

“If any business processes a person’s personal data, this information is generally covered by their right of access under the GDPR,” Baumann told The Register. “It does not matter that the business would prefer to sell the data to the data subject or that it would be harmful for their business model if they would.” 

There’s only one exception in Article 15 that would give LinkedIn an out, Baumann told us, and that’s the last paragraph, which says a person’s right to their data can’t adversely affect the rights and freedoms of others. Were LinkedIn to argue that it had to protect the identities of people who visited a data subject’s profile, they could have an excuse. But not a good one, in Baumann’s opinion. 

“Since LinkedIn does provide information about profile visits to paying Premium members, it cannot consider that disclosing the data would adversely affect the rights of the visitors whose data is disclosed,” the Noyb lawyer explained. “Otherwise, providing this information to Premium users would be unlawful too.”

What seems to be the sticking point here is where right of access begins and a company’s right to make money off data they hold (data that was, ahem, supplied by users) ends. Baumann said he hopes this case can clear the legal air. 

“We expect a clarification concerning the fact that personal data that can be accessed when a user pays for it is also covered by their right of access,” he explained. 

Think of it like this: LinkedIn has every right under the GDPR to take data it has about profile visitors, package it up, add analytics, and present it in its most useful form to those willing to pay the platform for such a premium service. But a masochistic user who wants to rawdog a CSV file of the same data should have the right to do that, too – and GDPR Article 15 gives it to them.

It’s not just LinkedIn, either. Baumann said there are numerous other cases where similar legal clarification would be appreciated, citing the example of a bank that is unwilling to provide access to account statements in response to a GDPR request, but is happy to hand over similar data for a fee. 

“A precedent would be welcomed,” Baumann said. ®



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