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Wall Street is paying $25,000 a day for AI trainers who used to work there

Felipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought. Felipe Sinisterra and Dave Wang, two former investment bankers, are charging banks and investment funds up to $25,000 a day to teach senior staff how to use […]

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SpaceX wants the Pentagon to pay five times more for Starlink in the Iran war

With US strike drones over Iran relying on Starlink for guidance, SpaceX has told the Defense Department the current $5,000-per-terminal rate undervalues what the network is actually doing. SpaceX has told the US Defense Department that it should be paying around $25,000 per terminal for the Starlink links guiding American strike drones over Iran, rather […]

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SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals

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 […]

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HHS launches AI initiative to detect fraud and waste in federal health programmes

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 […]

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IBM lands $1bn as US backs nine quantum companies for $2bn

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. […]

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Trump administration moves to underwrite US AI exports with billions in EXIM financing

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 […]

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Trump to sign an AI oversight order this week as MAGA security pressure mounts on frontier-model labs

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 […]

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Meta’s $200 billion Hyperion data centre in Louisiana is the most expensive private infrastructure project in American history

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 […]

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GM, Ford, and Stellantis have cut 20,000 white-collar jobs. AI is about to accelerate the trend.

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 […]

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Chinese parts already power American cars, and that’s exactly why Congress is panicking

  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 […]

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