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Blacklisted AI company Anthropic, White House ease tensions ahead of IPO, sources say

Blacklisted AI company Anthropic, White House ease tensions ahead of IPO, sources say June 5 : A months-long dispute between Trump administration officials and AI firm Anthropic is showing signs of easing across parts of the U.S. government as the company prepares to go public, according to sources familiar with the relationship. The relationship ruptured earlier this year after Anthropic refused to allow the U.S. military to use its AI models for domestic surveillance and fully autonomous...

Channel News Asia 4d ago

Apple shares reverse lower after big Siri news. Why we're not bothered

Apple delivered on what Wall Street was expecting: a complete artificial intelligence overhaul — leveraging Google's Gemini in a new conversational Siri and updating the company's in-house AI efforts. Just before the Siri news was announced at the company's Worldwide Developers Conference (WWDC) on Monday afternoon, Apple shares were up more than 3%. We know that a single day's stock move is not the whole story — but by the end of the event, the stock was down more than 1%.

CNBC 1d ago

Trump to meet with artificial intelligence companies on government profit share plan as soon as next week

President Donald Trump said he will likely meet with AI companies at the White House next week to discuss what he called a federal government “partnership” that would allow the American people to profit in their success. The president said Friday that the program, which could include sending company dividends to Americans, would help secure buy-in from a public that remains skeptical about long-term disruptions — including to the labor market — of the technology. “There’s a concept out...

Politico EU 4d ago

LIC Housing Finance asked to pay Rs 10 lakh after losing borrower’s original property papers

The Delhi State Consumer Disputes Redressal Commission has upheld a Rs 10 lakh compensation order against LIC Housing Finance for losing a borrower's original property documents after full repayment of a housing loan, holding the company guilty of deficiency in service. A bench comprising Justice Sangita Dhingra Sehgal (President) and Pinki (Member Judicial) dismissed the appeal filed by LIC Housing Finance and upheld the findings of the district forum that the lender failed to return the...

Times of India 1d ago

For SpaceX, global dominance may not be written in the stars

The excitement around SpaceX, fuelled by the targeted US$1.8 trillion valuation for its initial public offering and its promising Starship rocket development, has revived a familiar claim: that SpaceX is on course to dominate the space market. Commercially, that view is understandable. SpaceX conducts more space launches than anyone and at very competitive costs, its Starlink satellite internet company provides strong in-house demand, and it has a scale advantage unmatched by any other...

South China Morning Post 10d ago

A Dating App Is Giving Away Free Gas to Convince People to Get Out of the House

Amid ongoing economic anxieties, BLK and other companies are giving away basic essentials to appeal to the public.

Wired 13d ago

Democrats want answers after Pentagon gives $620M loan to Donald Trump Jr-linked company

Democrats want answers after Pentagon gives $620M loan to Donald Trump Jr-linked company Democratic lamwakers are asking White House Chief of Staff Susie Wiles to respond to their question about adviser Peter Navarro - Bookmark - CommentsGo to comments A group of Democratic lawmakers wants the White House to explain how a startup in North Carolina, financially backed by a venture capital firm linked to Donald Trump Jr., obtained a $620 million loan from the Department of Defense and a $50...

The Independent World 5d ago

US Supreme Court sides with FCC in clash with wireless carriers over fines

US Supreme Court backs FCC in clash with wireless carriers over fines WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump's administration. At issue in the legal dispute was whether the agency's in-house proceedings for imposing the penalties deprived the companies of their right to a jury...

Channel News Asia 5d ago

US Supreme Court backs FCC in clash with wireless carriers over fines

US Supreme Court backs FCC in clash with wireless carriers over fines WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump's administration. At issue in the legal dispute was whether the agency's in-house proceedings for imposing the penalties deprived the companies of their right to a jury...

Channel News Asia 5d ago