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A Democratic congressman had harsh criticism for Polymarket for allowing users to bet on the date the United States would confirm the rescue of Air Force service members shot down over Iran. In a social media post on Friday, Representative Seth Moulton wrote, “They could be your neighbor, a friend, a family member. And people…
David Sacks has used up his days as Donald Trump’s AI and crypto czar. Speaking with Bloomberg on Thursday, the longtime entrepreneur, investor, and podcaster, confirmed that his non-consecutive 130-day stint as a special government employee is over and that he’s moving on to co-chair the President’s Council of Advisors on Science and Technology (PCAST)…
The signs that AI could lead to mass job displacement are already piling up: entry-level job postings in the U.S. have sunk 35% since 2023, mass layoffs have swept across Big Tech, and even AI leaders themselves are warning about what’s coming. Backstage at the Axios AI Summit in Washington on Wednesday, Sen. Mark Warner…
A jury in Santa Fe on Tuesday ordered Meta to pay $375 million in civil penalties after finding the company misled consumers about the safety of its platforms and endangered children. New Mexico attorney general Raúl Torrez’s office called the decision a “watershed moment for every parent concerned about what could happen to their kids…
Emil Michael, who serves as a senior technology official at the Department of Defense, is back in the spotlight over the government’s ongoing battle with Anthropic, and a newly released podcast interview offers one of the most detailed looks yet into his thinking on that dispute — as well as an unguarded settling of old…
Kalshi isn’t having a very good week. On Tuesday, the attorney general of Arizona filed a 20-count criminal complaint against the online prediction market, accusing it of running an illegal gambling business. Now, another southwestern state has taken a big swing at the company: A judge in Nevada has temporarily banned the service from operating…
The FBI has resumed purchasing reams of Americans’ data and location histories to aid federal investigations, the agency’s director, Kash Patel, testified to lawmakers on Wednesday. This is the first time since 2023 that the FBI has confirmed it was buying access to people’s data collected from data brokers, who source much of their information…
After their dramatic falling-out, it doesn’t seem as though Anthropic and the Pentagon are getting back together. Instead, the Pentagon is building tools to replace Anthropic’s AI, according to a Bloomberg conversation with Cameron Stanley, the chief digital and AI officer at the Pentagon. “The Department is actively pursuing multiple LLMs into the appropriate government-owned…
Sen. Elizabeth Warren (D-MA) sent a letter to Defense Secretary Pete Hegseth on Monday expressing concern over the Pentagon’s decision to give Elon Musk’s company xAI access to classified networks. “Grok, the controversial AI model developed by xAI, has provided disturbing outputs for users, including giving users ‘advice on how to commit murders and terrorist…
The SEC is working on a proposal to allow public companies to release earnings reports twice a year instead of quarterly, per the WSJ. Chatter about making the 50-plus-year-old quarterly requirement optional has picked up steam in the past year, as companies lament the cost and burden of preparing for quarterly earnings. The requirement is…