President Donald Trump is reportedly planning to declare victory in the war with Iran if Tehran agrees to reopen the Strait of Hormuz, with sources telling The Wall Street Journal that the White House would not even seek an immediate nuclear deal with the country.
Workers in poor countries will benefit from AI, not be replaced by it, according to a World Bank forecast.
Major European tech and business service firms have learned the lesson of California’s 1849 gold rush: the people who got consistently rich were the ones selling beans and pickaxes to prospectors.
At least 1,224 workers at frontier AI labs have issued an open letter urging the U.S. government to take part in a global effort to create technical and governance tools for AI that can evolve along with the technology.
Jamie Dimon, executive chair of JPMorgan Chase, the richest U.S. bank, is personally asking corporate executives to join an initiative that will address risks posed by AI’s rapid and largely unregulated advance.
AI agents being tested by Anthropic and OpenAI were recently involved in new kinds of security breaches, according to the British government’s AI Security Institute (AISI).
The three major U.S. stock indexes rallied Thursday and Friday to overcome Wednesday’s rout that sent the Dow Jones Industrial Average down more than 1,000 points to mark its worst day in 15 months.
U.S. regulators are alarmed by what they call “circular ownership” and a lack of transparency in financial structures increasingly used by private equity firms such as Apollo Global Management and KKR.
On 29 July, the Federal Reserve’s rate-setting Open Market Committee decided by a vote of 9 to 3 not to raise interest rates although inflation pressures from the Iran War persist.