US senator calls for AI competition in Pentagon contracting (Reuters) -Democratic Senator Elizabeth Warren urged the U.S. Department of Defense to ensure competitive AI contracting, according to a letter seen by Reuters on Wednesday, as tech billionaire Elon Musk’s artificial intelligence chatbot Grok gains ground in the federal government.Warren’s letter comes on the … Read More >>
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Musk criticizes Trump tax bill: can’t be both big and beautiful “So, I was like disappointed to see the massive spending bill frankly, which increases the budget deficit not just decrease it, and undermines the work that the DOGE team is doing,” Musk said in an interview with CBS “Sunday Morning,” broadcast late on Tuesday.”I think a bill can be big or it can be beautiful … Read More >>
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US to issue visa bans for foreign nationals who ‘censor’ Americans, Rubio says Rubio said in a statement that a new visa restriction policy would apply to foreign nationals responsible for censorship of protected expression in the United States and said it was unacceptable for foreign officials to issue or threaten arrest warrants for social media posts made on U.S. soil.”It is similarl … Read More >>
Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets For the Swiss lender, the divestment of O’Connor continues the process of UBS streamlining its operations since the merger with Credit Suisse in 2023.O’Connor’s investments include alternative assets such as hedge funds, private credit and commodities. The platform will add $11 billion in invested assets to C … Read More >>
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