President Donald Trump says will name a new artificial intelligence czar to head an agency similar to his Space Force. “We will not in any way hinder or stifle the Growth of this incredible Industry,” he wrote Saturday in a post on his Truth Social...
Anthropic is reportedly considering the launch of a new artificial intelligence model before it goes public. That’s according to a Friday (Sept. 18) report by Reuters, citing three sources familiar with the matter. The report noted that a new AI model could offset the momentum...
Saudi Arabia has reportedly withdrawn from China’s mBridge digital currency/cross-border payments program. That’s according to a report Sunday (Sept. 20) by the Financial Times (FT), which says the program has drawn controversy in the U.S. due to concerns that participating countries could use it to...
Santa has apparently checked his calendar and decided Halloween has had quite enough time. Amazon, Target and Walmart are lining up overlapping October sales, inviting consumers in the United States to buy Christmas presents while still considering whether the front yard skeleton needs a companion...
Anthropic plans to launch its initial public offering in November, later than the October debut many investors had expected, The Wall Street Journal reported Friday (Sept. 18), citing unnamed sources. The November date may have been chosen to allow Anthropic to share its third-quarter financials,...
FinTech company Avant filed an application to establish an insured national bank called Avant Bank, N.A., the company said in a Friday (Sept. 18) press release. Avant filed the application for a national bank charter with the Office of the Comptroller of the Currency and...
California Gov. Gavin Newsom issued an executive order Friday (Sept. 18) that will convene national experts to provide a guide for the state to reinforce and strengthen its laws covering artificial intelligence safety and security, the governor’s office said in a Friday press release. The...
Many companies can’t put a number on what artificial intelligence does for their productivity. Chewy has one. Chewy CEO Sumit Singh said on the company’s second-quarter earnings call that Chewy expects AI to reduce its costs by about $50 million in fiscal 2027, up from...
Before 2008, new banks routinely entered the U.S. banking system by the dozens each year. Since 2010, they have appeared at a rate of fewer than six a year. From 1995 through 2007, the lowest annual number of new banks was 93, according to Federal...