Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has withheld its vote on the reappointment of John Elkann to Meta’s board of directors. The fund said it believes the Stellantis chairman and Exor CEO does not have enough time to devote to the role. Norges Bank Investment Management, which manages the $2.3 […]
The Department of Health and Human Services is moving from “pay and chase” to real-time AI screening across Medicare, Medicaid, CHIP and the Marketplace. The US Department of Health and Human Services has launched an artificial intelligence initiative aimed at detecting fraud and waste across federal health programmes, building on a strategy first outlined in […]
A May 5 draft, due to be discussed in New York in August, takes aim at where digital revenue is taxed and by whom. A new draft protocol circulating inside the United Nations tax process would let countries tax companies like Google, Amazon and Meta based on where their users are, rather than where the […]
Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies, in exchange for federal equity stakes in each recipient. […]
The complaint accuses the gaming platform of misleading the public about its safety and pressuring young users to spend. Roblox ‘strongly disputes’ the claims; the FTC has declined to comment. Two children’s advocacy groups, Fairplay and the National Center on Sexual Exploitation, asked the US Federal Trade Commission on Wednesday to investigate Roblox, Reuters reported, […]
AMD CEO Lisa Su sat down with Chinese Vice Premier He Lifeng at the Great Hall of the People in Beijing on Monday, a meeting that underscores how US chipmakers are scrambling to protect their foothold in the world’s second-largest semiconductor market even as Washington tightens the screws on technology exports. He, a member […]
The United States and the Philippines are moving “very, very quickly” on a planned 4,000-acre artificial intelligence and supply chain hub in New Clark City, north of Manila, according to Jacob Helberg, the Under Secretary of State for Economic Affairs. Helberg visited the proposed site on Monday with more than a dozen American companies, […]
Pope Leo XIV used a historic visit to Europe’s largest university to denounce the growing role of artificial intelligence in warfare, warning that investments in AI-directed weaponry are driving the world toward what he called a “spiral of annihilation.” Speaking at Rome’s La Sapienza University on Wednesday, the pontiff called for tighter monitoring of […]
Bank of England Governor Andrew Bailey, who chairs the global financial-risk watchdog, has invited the company to present to G20 finance ministries and central banks. The model that worried him is the model now being explained. Anthropic is preparing to brief the Financial Stability Board on the cybersecurity vulnerabilities its Mythos model has been identifying […]
Donald Trump flew home from Beijing on Friday having told China’s Xi Jinping that a $14 billion arms package for Taiwan is “a very good negotiating chip,” a remark that reframes American security commitments to a democratic ally as a bargaining token in a broader great-power relationship. The comment, made during a Fox News […]
