Auto Added by WPeMatico
Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion bridge loan from a group of major banks. That loan was used to retire $17.5 billion of high-interest junk debt accumulated by X and xAI. The financial […]
This story continues at The Next Web
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 […]
This story continues at The Next Web
HHS launches AI initiative to detect fraud and waste in federal health programmes Read More »
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. […]
This story continues at The Next Web
IBM lands $1bn as US backs nine quantum companies for $2bn Read More »
EXIM has more than $100bn of unused statutory lending capacity that the White House wants channelled into US-built, full-stack AI export packages, with the Commerce Department running a public solicitation for industry-led consortia. The Trump administration is moving to underwrite US-made AI exports with billions of dollars of federal export financing, the latest in a […]
This story continues at The Next Web
Trump administration moves to underwrite US AI exports with billions in EXIM financing Read More »
The draft executive order, expected as early as Thursday, sets up a voluntary 90-day pre-release model-disclosure framework with the federal government, with critical-infrastructure providers including banks brought in early. Steve Bannon and Amy Kremer have been pressing for a harder, mandatory line. President Donald Trump is expected to sign an executive order on AI oversight […]
This story continues at The Next Web
Meta is building the most expensive single piece of private infrastructure in American history. Hyperion, the company’s AI data centre campus in Richland Parish, Louisiana, now carries a projected cost of more than $200 billion, a figure that has grown steadily since the project was first announced at $10 billion in December 2024. The campus […]
This story continues at The Next Web
General Motors, Ford, and Stellantis have together eliminated more than 20,000 US salaried jobs from their recent employment peaks this decade, a 19% reduction of their combined white-collar workforces, according to public filings and employment data analysed by CNBC. The cuts accelerated this week when GM laid off between 500 and 600 IT workers in […]
This story continues at The Next Web
Somewhere in the wiring of the car you drove this morning, there is almost certainly a Chinese component. An airbag inflator. A windshield. A steering column bearing. According to global consulting firm AlixPartners, more than 60 US-based auto suppliers are now owned by Chinese companies, making everything from axles to electronic control units for […]
This story continues at The Next Web
Chinese parts already power American cars, and that’s exactly why Congress is panicking Read More »
Asked what kind of guardrails on the way out, the US president told reporters on Air Force One: ‘standard guardrails that we talk about all the time’. H200 deliveries to ten cleared Chinese buyers remain stalled. Donald Trump told reporters on Air Force One on Friday that he and Xi Jinping discussed AI guardrails and […]
This story continues at The Next Web
Trump leaves Beijing saying he and Xi talked AI guardrails. Nothing was signed. Read More »
The six largest American banks shed 15,000 employees in the first quarter of 2026 while posting 47 billion dollars in collective profits, up 18 per cent year on year. The chief executives are no longer hedging. Jamie Dimon said artificial intelligence will eliminate jobs and that people should stop sticking their heads in the […]
This story continues at The Next Web