President Donald Trump has announced plans to create a new federal “AI Force” and appoint an artificial-intelligence czar, responding to intensifying debate inside the technology industry and his own administration over how the United States should manage increasingly powerful AI systems. Trump compared the proposed organization with the Space Force...
Jane Street’s $15 Billion Loss Triggers New Scrutiny of Wall Street’s Hidden Trading Risks
The U.S. Federal Reserve and the Bank of England are reportedly intensifying scrutiny of global banks’ exposure to major trading firms after extraordinary market turmoil left Jane Street with losses of roughly $15 billion in July. The regulatory attention follows the near-collapse of Situational Awareness, an artificial-intelligence-focused hedge fund managed...
Tetris distances itself from controversial White House ‘arcade’ games
Tetris said on Friday that it did not give permission for the White House to use the game’s iconic imagery for a controversial online arcade that the Trump administration released on Thursday. “The Tetris Company was not involved in the creation of ‘Build the Wall’ and did not authorize or...
From Sports Analytics to Venture Capital: AJ Gunasena Expands His Las Vegas Business Enterprise
For entrepreneur AJ Gunasena, building a business has never been about staying inside one industry. The Las Vegas-based founder of BETWITHAJ™ has spent years developing a portfolio that now reaches across venture capital, sports analytics, private real estate lending, media, and strategic brand development. His approach is built on the...
Boeing to divest tech ventures for stake in air-taxi startup
Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. The transaction shifts to Archer Boeing’s Wisk autonomous aircraft venture and SkyGrid and Insitu businesses for the equity and warrants for additional potential stock purchases in...
‘Everything collapsed’: Venezuela region hit hardest by quakes cries for help
In the city of Catia La Mar on Venezuela’s coast, Yilsmaris Blanco stared in shock at the scenes of devastation early Thursday after powerful twin earthquakes levelled dozens of buildings. “It was terrible. Everything, everything collapsed,” the 39-year-old woman told AFP. “We thank God because… we’re alive, but there are...
AI chip demand drives 6% growth for Singapore in first quarter
Singapore’s economy grew six percent year-on-year in the first quarter as demand skyrockets for artificial intelligence chips, balancing the fallout from the Middle East war, the government said Monday. As a major electronics hub, the city-state has seen a significant increase in the production of memory chips and server components...
Musk loses blockbuster OpenAI suit as jury says too late
A federal jury ruled Monday that Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to OpenAI CEO Sam Altman and ending one of Silicon Valley’s most closely watched courtroom battles. The jury in Oakland federal court found that Musk’s claims against Altman, OpenAI...
US Supreme Court hears major online music piracy case
The US Supreme Court heard arguments on Monday on whether internet service providers should be held liable for the online pirating of copyrighted music by their users. Cox Communications, a major broadband ISP, is asking the court to throw out a jury verdict awarding $1 billion in damages to Sony...
Apple AI chief leaving as iPhone maker plays catch-up
Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft. The plan for Apple senior vice president of Machine Learning and AI Strategy John Giannandrea to retire early next year comes...