Trump’s 'self-policing' AI accord faces skepticism

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Trump’s ‘self-policing’ AI accord faces skepticism

The signing of an AI accord by President Trump and tech leaders has done little to quell concerns over the lack of guardrails surrounding artificial intelligence.  While Trump says industry officials can self-police, critics say more is needed to make sure AI development doesn’t get out of hand, even as some described it as a...

Tariffs Are Making Instruments So Expensive, School Music Programs Are at Risk

When a single cello can cost $1,000 and a tuba $9,000, tariffs are straining meager band and orchestra budgets.

What would the new bipartisan permitting reform bill actually do?

This week, a bipartisan group of senators announced a major permitting reform bill aimed at speeding up the build-out of the nation's infrastructure, especially energy projects. While it’s not clear if the bill will become law, it appears to have the backing of a significant number of legislators as well as leaders in both parties....

Khanna asks AI firms for information on efforts by China to access code

The leading Democrat on the House's select committee to investigate the Chinese Communist Party (CCP) is calling on the U.S.'s leading artificial intelligence labs for information on Beijing's alleged efforts to steal model weights from their firms. Rep. Ro Khanna (D-Calif.), the ranking member of the House Select Committee on the CCP, requested data Thursday...

Trump meme coin firm invites top buyers to 'exclusive' gala with the president

The firm managing President Trump’s $TRUMP meme coin announced it is hosting an “exclusive” gala for the top 185 holders of the coin, featuring the president as a speaker. “An evening with 3 Legends and President Donald J. Trump — plus a private meet & greet with a legend to be announced,” the description of...

Federal Reserve vice chair says it ‘may take more time’ before hiking rates again

Federal Reserve Vice Chair Philip Jefferson said Thursday the central bank will wait to evaluate incoming economic data before deciding whether to hike interest rates again. “As we look ahead, my view is that any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance...

California attorney general subpoenas OpenAI over cyber incidents

California Attorney General Rob Bonta (D) said Thursday he served OpenAI with a subpoena as part of a probe into cybersecurity incidents involving the ChatGPT maker. Bonta previously opened an investigation into the company after its AI agents hacked into the tech startup Hugging Face. But he said the recent subpoena was part of a...

FTC launches probe into OpenAI, Anthropic over model consumer risks

The Federal Trade Commission (FTC) has opened an investigation into AI firms OpenAI and Anthropic over the potential dangers their models pose to consumers. The probe, confirmed by an FTC spokesperson, follows months of warnings about the growing cybersecurity and safety risks associated with AI models. OpenAI and Anthropic in recent months revealed multiple incidents...

Watch live: Trump kicks off red-state campaign swing at Texas truck plant

President Trump will kick off his red-state campaign swing Thursday afternoon with a visit to a manufacturing plant in Denton, Texas. Trump is likely to use the stop to highlight his trade and tariff agenda, as well as the Trump administration's efforts to boost domestic production. The visit comes as the president faces persistent concerns...

Treasury targets Iranian auto, rail sectors in latest round of sanctions

The Treasury Department sanctioned Iranian auto and rail industries Thursday, the latest salvo in its economic campaign against the Islamic Republic. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the entirety of those industries — going after automobile, train and manufacturing companies — which the administration views as critical sources of funding for...

Fed's Kashkari says inflation 'still too high' despite lower PCE data than expected

Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday that inflation remains “too high,” after the the Bureau of Economic Analysis (BEA) released data showing that annual inflation remained above the central bank’s 2 percent target in August. “Inflation is still too high,” Kashkari told CNBC’s Steve Liesman at a Council on Foreign Relations...