AI trade down after Senate scraps ban on state regulation
The AI trade sputtered Tuesday after the Senate voted almost unanimously to strike a provision in the Republican budget bill that would have blocked states from regulating artificial intelligence . On...
Senate kills proposed 10-year ban on state AI regulations
In the wee hours of the morning, the US Senate came together in a rare show of bipartisan consensus around an important issue: AI regulation. In a 99-1 vote, lawmakers killed a piece of President Trum...
White House announces plans to push AI in schools
Like it or not, AI is coming to American classrooms. The White House announced a major new AI initiative focused on bringing the technology to schools, in line with its pledged goal of American AI sup...
How to track the flurry of copyright battles as AI creates a legal quagmire
When ChatGPT hit the scene, soon followed by other AI chatbots, a lot of the public was delighted at the seemingly magical powers of this wondrous technology. But as people began to understand how the...
Deregulatory push has made financial stocks like JPMorgan into low-key market winners
Another day, another record high for and — two extremely different companies but both beneficiaries of a deregulatory push that has made financial stocks into outperformers among the S&P 500 over th...
Trump to extend TikTok sale deadline another 90 days
TikTok is getting another lifeline. President Trump is set to sign an executive order that would push the divest-or-ban deadline for the popular social media app back by another 90 days. On Wednesday,...
Ad firms Omnicom, Interpublic, and WPP fall after reports of pharma ad crackdown and Meta’s AI-generated ads
Major ad agencies , , , and are each trading down about 2% amid news that the Trump administration plans to crack down on pharma ads , as well as news of AI ad tech updates from and other tech compa...
Trump admin is working to cut pharma ads: Report
The Trump administration is drafting a policy that would “make it harder and more expensive” for drugmakers to advertise directly to consumers, Bloomberg News reported on Tuesday . The policy being fl...
Rivian, Tesla, and Lucid impacted as Trump signs resolutions crushing California’s EV rules
President Trump on Thursday signed three congressional resolutions revoking California’s ability to set its own emissions standards, effectively killing California’s phaseout of new gas-powered vehicl...
Meta and Character.AI’s “therapist bots” are practicing without a license, advocates tell regulators
The artificial-intelligence-powered “therapy bots” are providing critical care without a license, nearly two dozen consumer advocacy groups told the Federal Trade Commission and attorneys general in a...
Disney, NBCUniversal sue AI image generation startup Midjourney for copyright infringement
Midjourney, the early AI image generation startup, is being sued by and on allegations of copyright infringement. This is a significant case with huge consequences for the AI industry, as it’s the f...
Anthropic CEO Amodei proposes AI “transparency standard” over 10-year ban on state regulations
In an editorial published in The New York Times, Anthropic CEO and cofounder Dario Amodei pushed back on plans currently being considered in the Senate to implement a 10-year ban on states enacting an...
Pharma stocks under pressure as Trump plans executive order to lower drug prices
The Trump administration is definitely on a low prices kick this morning (or at least, prices-not-as-high-as-they-could’ve-been). But while most of the market is cheering because the US and China have...
16 states and DC sue Trump administration for freezing EV charger funds
Among the 26 executive orders that President Trump signed on Inauguration Day, one sought to kill a star policy achievement of the Biden administration: the National Electric Vehicle Infrastructure p...
Tesla up more than 9% after Trump administration relaxes self-driving regulations
big bet on the Trump administration looks like it’s paying off both for Tesla’s autonomous future and its stock, which is up nearly 10% today. Yesterday the US Department of Transportation announced a...
Meta and Apple hit with the EU’s first Digital Markets Act fines
The EU’s Digital Markets Act was designed to bring a battering ram to the Big Tech platforms considered “gatekeepers” — defined as “large digital platforms providing so called core platform services, ...
How has Trump changed crypto in his first 100 days
The self-proclaimed crypto president made lofty promises for the industry during his campaign, and has continued to embrace crypto since his inauguration. On the campaign trail, President Trump pledge...
Report spotlights Palantir’s work on ICE deportations
Independent tech news site 404 Media reported on recent payments to from US Immigration and Customs Enforcement for modifications to a database the data analytics software company built for the agenc...
The SEC continues to drop crypto cases
It’s been a good week for crypto companies, at least from a regulatory point of view. Crypto.com announced Thursday that the SEC had closed its investigation into the company “with no enforcement acti...
Nvidia and other chipmakers push to stop impending “AI diffusion” rule
Unless the White House acts, a strict rule regulating the global spread of American AI technology will take effect on May 15. Going above and beyond current export controls covering the most advanced ...