US officials have discussed taking government stakes in AI companies
US officials have discussed taking government stakes in AI companies

The idea is unusual enough that it took a moment to register: the United States government, owning a slice of the companies building frontier AI. According to a report by NOTUS, senior US officials have held preliminary discussions with major AI compan…

Trump quietly signs a downsized AI executive order asking companies to voluntarily submit models for review 30 days before release
Trump quietly signs a downsized AI executive order asking companies to voluntarily submit models for review 30 days before release

President Trump signed an executive order on Tuesday establishing a voluntary framework for government review of frontier AI models before public release, ending weeks of internal White House conflict over how aggressively to regulate the technology. T…

The White House is at war with itself over who gets to regulate AI
The White House is at war with itself over who gets to regulate AI

The Trump administration is locked in an internal battle over artificial intelligence regulation that has paralysed federal AI policy at the moment it matters most. Three factions are fighting for control: the Commerce Department, which has been quietl…

Florida becomes the first state to sue OpenAI, naming Altman personally and calling ChatGPT a defective product
Florida becomes the first state to sue OpenAI, naming Altman personally and calling ChatGPT a defective product

Florida has sued OpenAI and CEO Sam Altman in what appears to be the first lawsuit by a US state against the maker of ChatGPT. The civil complaint, filed Monday in state court by Attorney General James Uthmeier, accuses OpenAI of violating product liab…

A strike at one Michigan axle plant could choke production of GM’s most profitable vehicles
A strike at one Michigan axle plant could choke production of GM’s most profitable vehicles

Nearly 1,000 unionised workers at a Dauch Corp plant in Three Rivers, Michigan, walked off the job at midnight on Sunday after the United Auto Workers declared an unfair labour practice strike over stalled contract negotiations. The factory makes axles…

Pentagon gives Dell a $9.7bn contract to consolidate Microsoft licences across the military
Pentagon gives Dell a $9.7bn contract to consolidate Microsoft licences across the military

The five-year deal consolidates scattered Microsoft 365 and cloud subscriptions for the Defense Department, intelligence community and Coast Guard. Dell, not Microsoft, is the prime contractor. The US Department of Defense has awarded Dell a five-year,…

The Qualcomm-ByteDance ASIC deal works around US export controls by design
The Qualcomm-ByteDance ASIC deal works around US export controls by design

The TikTok parent will buy millions of Qualcomm application-specific chips for AI data centres and use Qualcomm to take its own design from blueprint to production. Qualcomm has struck a deal to supply ByteDance with millions of application-specific in…

Wall Street is paying $25,000 a day for AI trainers who used to work there
Wall Street is paying $25,000 a day for AI trainers who used to work there

Felipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought. Felipe Sinisterra and Dave Wang, two former investment bankers, are charging …

SpaceX wants the Pentagon to pay five times more for Starlink in the Iran war
SpaceX wants the Pentagon to pay five times more for Starlink in the Iran war

With US strike drones over Iran relying on Starlink for guidance, SpaceX has told the Defense Department the current $5,000-per-terminal rate undervalues what the network is actually doing. SpaceX has told the US Defense Department that it should be pa…

SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals
SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals

Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion bridge loan from a group of major banks. That loan was us…