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Kalshi says it's working with feds over nearly $100K in Trump teleprompter speech bets
The prediction market platform Kalshi said Thursday that it flagged suspicious trades on President Trump's speeches to federal regulators that are reportedly connected to the president's longtime teleprompter operator. ABC News reported that Gabriel Perez, who was first hired by Trump in 2016, is in settlement talks with the Commodity Futures Trading Commission (CFTC) over...
OpenAI employees pour nearly $250K into AI safety PAC, pushing back on firm's president
A group of current and former OpenAI employees poured more than $245,000 into a super PAC focused on countering Leading the Future (LTF), a committee funded in part by the AI firm's co-founder and President Greg Brockman. The AI safety super PAC, Guardrails Alliance, announced Wednesday it received eight contributions totaling $248,000. Three of the...
Senate passes resolution saying Bankman-Fried shouldn't receive pardon
The Senate unanimously passed a resolution Wednesday declaring that FTX founder Sam Bankman-Fried should not receive a pardon. Bankman-Fried, who was sentenced to 25 years in prison on fraud charges tied to the collapse of his cryptocurrency exchange, officially requested a pardon from the Trump administration in early June. The resolution, which cleared the upper...
Musk's xAI sues man accused of using Grok to create explicit material
Elon Musk's artificial intelligence firm xAI is suing a South Carolina man, accusing him of using its generative chatbot Grok to create child sexual abuse material. The suit, filed in a federal court Tuesday in Texas, alleges Terry Wayne Harwood had at least two Grok accounts using false identities to create and distribute explicit material....
Uber eyes Delivery Hero in $15B acquisition bid
Uber agreed Thursday to a nearly $15 billion bid to acquire the German-based Delivery Hero, which will create the largest food-delivery group outside of China. The transaction will double the number of markets where Uber offers mobility and delivery services, Uber CEO Dara Khosrowshahi said in a company statement. It will also create a "denser...
Taiwan chipmaker planning to spend another $100B on US manufacturing expansion
Taiwan Semiconductor Manufacturing Company (TSMC) plans to spend another $100 billion in the U.S. to build more chip facilities, the company announced Thursday. The chipmaker's investment will be directed toward constructing several more semiconductor and advanced packaging fabrication plants in Arizona "to support the strong multiyear demand from our leading U.S. customers," TSMC CEO C.C....
Paramount shareholder sues Ellisons, alleging 'illegal' Trump deal
A press freedom group has filed a lawsuit seeking to stop Paramount Skydance's multibillion-dollar deal to acquire Warner Bros. Discovery, the media conglomerate that owns cable news channel CNN. The suit, filed in Delaware on behalf of Paramount shareholder Paul Robbins, would stop "Paramount insiders from profiting through breaches of their fiduciary duties to the...
O'Leary, Fox News sued over data center opposition portrayal
Correction: A previous version of this story named an individual who was not involved in the lawsuit against Kevin O'Leary and Fox News. Businessman Kevin O'Leary and Fox News are being sued by a group opposed to data center construction in Utah, alleging it aired false statements about their funding. The suit, brought against the...
US tried permanent daylight saving time once before. It didn't last
The U.S. previously tried to incorporate permanent daylight saving time for a trial period from between 1974 and 1975. The experiment occurred under former President Nixon, who signed the Emergency Daylight Saving Time Energy Conservation Act into law in an effort to conserve fuel following the Arab oil embargo in 1973. However, the measure was...
Judge rules Biden-era internet grant program unconstitutionally prioritized racial minorities
A federal judge ruled Wednesday that a high-speed internet grant program signed into law by President Biden unconstitutionally used race as a factor in deciding where to dole out the funds. U.S. District Judge John Bates heavily cited the Supreme Court’s decision invalidating affirmative action in higher education admissions in agreeing with President Trump, who...