The US Treasury is threatening to sanction Chinese AI companies after Treasury secretary Scott Bessent accused Moonshot of improperly distilling Anthropic's Fable model. Meanwhile, the OpenAI hack is …
The US Treasury recovered and prevented more than $4 billion in fraudulent or improper disbursements in fiscal year 2024, a sixfold increase from $652.7 million in fiscal year 2023, driven by new pre-…
CIA Director John Ratcliffe said at the Pennsylvania Defense and Innovation Summit on July 15 that Ukrainian AI-guided drones have reduced the average battlefield survival time of new Russian recruits…
Sam Altman is reportedly discussing giving the US government a 5% stake in OpenAI, worth roughly $320 per American household, to address concerns about AI benefiting from human work and to provide a s…
HSBC identified six major 'pain trades' for the second half of the year, warning that crowded consensus on the dollar, AI, and yield curves could unravel rapidly. The scenarios include an explosive US…
Veteran investor Jeremy Grantham warned retail savers to avoid US stocks, saying the artificial intelligence boom has created the largest stock market bubble in American history that could end in a 70…
Global stock markets are surging on AI-driven profits and optimism about US tech giants, but warning signs from the World Bank and economists about slowing GDP growth, high debt levels, and hawkish mo…
The US Treasury is assessing whether to expand outbound investment screening to include biotechnology deals with Chinese firms, following bipartisan pressure from lawmakers. Representatives John Moole…