The Trump administration on Wednesday announced more than $5 billion in federal commitments to expand the Genesis Mission, a government-wide initiative that uses AI to accelerate scientific discovery across healthcare, semiconductors, quantum computing, energy and national security.Announced by Whi…
Treasury Secretary Scott Bessent on Tuesday said that the Trump administration will scrutinize open-source AI models to check for evidence of intellectual property theft.During an interview with Fox Business, Bessent said that while the Trump administration supports open source AI technology, it do…
Byron Deeter, a partner at Bessemer Venture Partners, dismissed fears about Chinese artificial intelligence (AI) technology as “misplaced” on Monday, following the launch of Moonshot AI’s Kimi K3 model last week.During an interview with CNBC, Deeter said that the notion that corporate America will…
For years, the race to build better artificial intelligence centered on making models bigger, feeding them more data, and expanding the amount of information they could process at once. Now, a fresh frontier is emerging as researchers increasingly explore smarter memory management as another way to…
Artificial intelligence is becoming a key factor in how central banks assess inflation, economic growth and financial stability, according to the Bank for International Settlements.The BIS said in its 2026 Annual Economic Report that policymakers must now account for AI’s increasingly broad economi…
Apollo Global Management’s Chief Economist, Torsten Slok, on Tuesday warned that AI valuations could face a “painful repricing” if companies outside the technology sector take much longer than investors expect to realize meaningful returns on their AI investments.Slok argued that the current market…
Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, on Tuesday said on Tuesday that the recent shift away from the Magnificent Seven stocks isn't a warning sign for investors.In his latest weekly commentary, Siegel argued that investors are i…
