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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

Economy Technology

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

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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’.

TNW4d 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.

POLITICO4d 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.com4d agoWhole story →

Government 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 Network4d 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.

Fortune4d agoWhole story →

Justice nyc ai regulation hearing

Since

Trump Calls on AI to Speed Up Science—While Continuing to Defund It“We tamed electricity, invented the light bulb, developed the airplane, harnessed the atom, unleashed the power of personal computers, created the Internet, pioneered superintelligence, and invented almost everything else of genius and great importance anywhere in the world,” President Donald Trump boasted on Thursday. “We will always be on top. There is…

Mother Jones22h agoWhole story →

Technology trump ai remarks

Lawmakers raise alarm at Google plan to acquire Spirit Airlines data for AI modelsMore than 120 US lawmakers raised concerns ‌on Thursday about Alphabet's Google unit acquiring defunct carrier Spirit Airlines' internal ⁠data for $10 million to train artificial intelligence systems.

Reuters20h agoSources (2)Whole story →

Government google spirit airlines data acquisition

AI startup touts new possibilities for video creators, but concerns remainAs AI continues to reshape arts and entertainment, it's also creating a new type of producers and content providers. A Silicon Valley start-up founded by a YouTube co-founder could change video storytelling as dramatically as he changed video distribution. Special correspondent Mike Cerre reports for our arts & culture series, CANVAS.

PBS NewsHour20h agoWhole story →

Sen. Patty Murray meets with state policymakers to discuss AI regulations as federal action sputtersOLYMPIA – Sen. Patty Murray convened a roundtable discussion Thursday with state policymakers and industry experts to learn how Washington has implemented safeguards for artificial intelligence and to urge the federal government to regulate the emerging technology.

Spokane Spokesman-Review20h agoWhole story →

Security ai regulation discussion

Trump unveils $2.4B in pledges from tech giants including Nvidia, OpenAI; doubles down on ‘super intelligence’ monikerPresident Trump on Thursday announced a $2.4 billion commitment from major tech giants including Nvidia, OpenAI and Anthropic to support federal agencies’ AI-driven scientific research.

New York Post19h agoWhole story →

Technology ai research funding announcement

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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.

TNW20d 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.

Spokane Spokesman-Review7d agoWhole story →

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 →

Government 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.

HuffPost23d 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…

The Atlanta Journal-Constitution23d agoWhole story →

Economy federal reserve rate hike