The $25 billion penalty is the largest fine Meta has ever faced for its conduct, and represents a tremendous victory for the U.S. state of New Mexico — even if it is symbolic
The Treasury Department on Thursday proposed a rule to curb American high-tech investments, including AI, outbound to U.S. adversaries like China, Russia, North Korea and other “countries of concern.” The rule expands restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems and quantum information technologies, high-performance computing and supercomputing, as well as AI.…
The Treasury Department on Thursday proposed a rule to curb American high-tech investments, including AI, outbound to U.S. adversaries like China, Russia, North Korea and other “countries of concern.” The rule expands restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems and quantum information technologies, high-performance computing and supercomputing, as well as AI.…
With Beijing keeping its rare earth refining technology, equipment and technicians at home, Washington is funding private refiners to develop new ways to process the strategic metals rather than copying Chinese methods. A senior US official told Asia Times that American refiners would rely on their own innovation to make the country self-sufficient in critical […]
SpaceX investor Ross Gerber, CEO of Gerber Kawasaki, said he is “disgusted” by the recent events surrounding the slowdown of Starlink services in Ukraine, which impacted the country’s military capabilities. “As a SpaceX shareholder I am disgusted,” Gerber said Wednesday during an appearance on CNN. “I think that these decisions were strategically horrendous and from…
SpaceX investor Ross Gerber, CEO of Gerber Kawasaki, said he is “disgusted” by the recent events surrounding the slowdown of Starlink services in Ukraine, which impacted the country’s military capabilities. “As a SpaceX shareholder I am disgusted,” Gerber said Wednesday during an appearance on CNN. “I think that these decisions were strategically horrendous and from…
Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing
The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran.
The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which the majority of stocks actually rose. The Dow Jones Industrial Average added 11 points, or less than 0.1%.
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