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AI-stock rally powers Nasdaq to record close

Demand for compute is strong enough that hyperscalers remain undeterred by higher borrowing costs, posing a dilemma for the US Federal Reserve.

Sources (1)· Oct 5, 10:51 PM

Technology Economy

Every telling

their own versions

Semafor· Oct 5, 10:51 PMAI-stock rally powers Nasdaq to record close

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Before

Senator Bernie Moreno accuses Anthropic’s Amodei of ‘alarmist’ AI talkSenator Bernie Moreno accuses Anthropic’s Dario Amodei of an ‘alarmist approach’ to AI before the IPO and calls his comments ‘panic-inducing’.

TNW2d agoWhole story →

Technology Bernie Moreno ai regulation debate

GOP committee chair rebuts Sam Altman: ‘I'm never willing to accept bad results’ from AIRep. G.T. Thompson told reporters Monday he disagrees with Altman’s premise.

POLITICO2d agoWhole story →

Technology ai regulation debate

Anthropic IPO: senator challenges CEO over human extinction warningsSen. Bernie Moreno's sent a letter to Anthropic's CEO Dario Amodei questioning how investors can be asked to fund technology when critics have said it could destroy humanity.

cleveland.com2d agoWhole story →

Technology Bernie Moreno anthropic ipo controversy

Military AI dominance: Breaking ossified logic and re-writing institutional dogmaBy fully committing to governed data and tactical AI at the edge, we will forge an agile, AI-first warfighting force capable of enduring military AI dominance.

Federal News Network2d agoWhole story →

Ex-OpenAI researcher tells NYC lawmakers AI safety fixes may be ‘duct tape that will fall off’Former insiders warned the New York City Council about losing control of AI, while OpenAI, Anthropic, Meta, and Google couldn’t say how big the risk is.

Fortune2d agoWhole story →

Technology nyc ai regulation hearing

Since

‘Evaluators’ are supposed to keep AI from killing us all. No pressureCalifornia and dozens of countries want mandatory AI audits, conducted by AI evaluators. Lawmakers are still learning about the job — and its pitfalls.

CalMatters1d agoWhole story →

Technology ai regulation debate

Bill Gates wants a government list of who gets to keep their job. Don't let himBill Gates’s plan to tax AI and reserve human jobs will trigger cronyism. Real tech safety and portable benefits are the true fix.

Washington Examiner23h agoWhole story →

Economy ai taxation proposal

Hagerty touts Tennessee's nuclear prowess at Imagine IF summitTennessee is winning a national race to nuclear energy dominance, according to a panel of experts facilitated by U.S. Sen. Bill Hagerty.

Knoxville News-Sentinel23h agoWhole story →

Planet imagine if summit

California man charged in scheme to route over $300 million in restricted AI servers to ChinaA California man, Greg Lui, was arrested for allegedly orchestrating a scheme to route over $300 million in export-controlled Nvidia-powered servers to China through Malaysia and Singapore – violating U.S. export-control laws. Lui, CEO of Earthmade Computer Inc., is charged with conspiracy to violate export controls, outbound smuggling and money…

Natural News22h agoWhole story →

Technology us china tech export case

Meta cuts Claude users by 50% as Microsoft slashes AI budgets from $100K to $10K per employee ahead of Anthropic IPOMeta and Microsoft are pulling back on their employees’ use of Anthropic’s Claude, turning two of the AI startup’s biggest corporate customers into an early test of how much of the AI boom survives once companies start watching the bill. At Meta, the number of employees using Claude Code has fallen to roughly 30,000 from

TechStartups.com22h agoWhole story →

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OpenAI told investors in February its compute bill would be around $600bn. A July presentation puts it at $856bn.OpenAI gave investors a $600bn compute target in February. A July deck says $856bn, while its projected cash burn improved to $278bn.

TNW18d agoWhole story →

Nasdaq climbs to record after softer jobs data cools rate-hike expectationsUS stocks advanced on Friday, with the Nasdaq Composite climbing to an intraday record high, after weaker-than-expected jobs data further dampened expectations for a near-term rate hike from the Federal Reserve.

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Senate Dem: Need 1 GOP Vote to Block Trump War PowersHe's close to securing enough GOP support to pass a war powers resolution directing President Donald Trump to withdraw U.S. forces from Iran, Sen. Tim Kaine, D-Va., said.

Newsmax4mo agoWhole story →

Security Tim Kaine iran war powers resolution

Trump’s Wars, Both Real And Trade, Are Now Hiking Americans’ Borrowing Costs, TooThe Federal Reserve hiked interest rates for the first time since 2023, citing “geopolitical” factors beyond its control.

HuffPost21d agoWhole story →

Economy federal reserve rate hike

The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 yearsThe Federal Reserve has raised its benchmark interest rate for the first time since 2023 to address high inflation. This quarter-point increase brings the rate to about 3.9% and could lead to higher borrowing costs for mortgages, auto loans, and credit cards. The move comes just seven weeks before the midterm elections, where affordability is a key…

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Security federal reserve rate hike

How are higher interest rates and rising prices affecting you?Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent weeks.

Cable News Network6d agoWhole story →

Economy federal reserve rate hike