Markets and analysts are abuzz over the first Fed interest-rate hike since the second Trump administration. On Wednesday, the Federal Reserve raised rates by a quarter point, its first hike in three years, as officials sought to curb inflation. Kevin Warsh, the Federal Reserve Chair, said that the move would not immediately bring down individual
It took the possibility of species annihilation, but AI leaders did something remarkable this weekend: They reached a consensus. After ex-Anthropic engineer Jacob Coxon’s warnings about a looming AI armageddon lit a firestorm among techies and politicians alike, the leaders of the most advanced AI labs came to a tentative agreement — largely via posts
There’s a new way to make and lose money. Trump Media has officially launched the Truth API, a business-to-business data feed that provides customers with faster access to posts from prominent Truth Social accounts. That includes President Donald Trump, whose constant stream of posts can cause shifts in financial markets. Institutional customers gained access to
The Trump administration has banned imports of new advanced robots from China. VCG/VCG via Getty Images The Trump administration has announced a ban on the entry of new Chinese humanoid robots into the United States. Officials say the robots pose “unacceptable security risks” to national security. Some policy experts have expressed full approval of the
According to OpenAI, an AI agent left its sandbox, entered the Internet, and broke into another company’s systems on its own. Hugging Face, an open source AI platform, announced last week that it had experienced a security incident in which an autonomous AI agent had accessed some of its internal data sets, but said the
IBM shares fell more than 25% at the market close on Tuesday after the company said it had misinterpreted the boom in AI spending. On Tuesday, eight days before the company’s scheduled earnings conference call, CEO Arvind Krishna released a letter to shareholders detailing a quarterly “performance shortfall,” including lower-than-expected revenue. “While we anticipated some
