U.S. banking regulators are increasing their scrutiny of how lenders use artificial intelligence as the emerging technology spreads throughout the sector. They are pressing companies
Category: US
Trump rescinds the AI executive order, citing concern that it will reduce US tech superiority.
Hours before a scheduled White House ceremony on Thursday, President Donald Trump canceled plans to sign a new executive order on artificial intelligence, citing concerns
GameStop’s $56 billion acquisition deal for eBay is to compete with online retail giant Amazon.
Before Monday’s opening bell, eBay’s stock is skyrocketing as Ryan Cohen’s GameStop seeks to acquire the company for about $56 billion to compete with Amazon,
US military agree with 7 tech companies to tap AI-powered capabilities to fight wars.
The Pentagon announced on Friday that it had agreements with seven tech firms to integrate their AI into its classified computer networks, giving the military
The US boosts the $47 billion cannabis industry with less restrictive rules.
In one of the largest changes to U.S. drug policy in decades, the U.S. Department of Justice announced on Thursday that it will swiftly reschedule
US banks to release $320 billion in capital with revised Basel rules.
Morgan Stanley analysts calculated on Wednesday that large U.S. banks might be able to release up to $320 billion in capital under updated draft regulations
Ackman’s Pershing Square bids $64 billion for Universal Music Group, the Taylor Swift label.
In a cash-and-stock deal worth over $64 billion, activist investor Bill Ackman’s Pershing Square Capital Management is proposing to buy Taylor Swift and Bad Bunny’s
Trump aims to close the $1.6 trillion revenue shortfall with a plethora of new tariffs.
The Supreme Court’s ruling to overturn some of the president’s import taxes destroyed almost $1.6 trillion in lost tariff income, and this week the Trump
Japan-US trade deal to add nuclear power project to $550 billion investment package.
The United States and Japan are to include a nuclear power plant in the second round of agreements under Japan’s $550 billion investment package. Westinghouse
Trump bans Anthropic technology as OpenAI strikes a deal with the Pentagon.
The Trump administration escalated a highly public dispute between the government and Anthropic over AI safety on Friday by ordering all U.S. agencies to cease
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