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Microsoft’s Brad Smith says green card curbs could cripple US tech

The White House crackdown on green cards for skilled foreign workers could “cripple” US tech for more than a generation, Microsoft president Brad Smith told Politico. His comments came a week after the US suspended Microsoft and seven other companies from PERM, the Labor Department programme employers use to sponsor foreign staff for permanent residency. Adobe, Cognizant, […]

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Nvidia and Apple each gave $25M to Trump’s ballroom, Washington Post says

Both Nvidia and Apple have each contributed $25 million to the new White House ballroom being set up by President Donald Trump, the largest amount any donor has given. The numbers are from a donor list obtained confidentially by The Washington Post, which published the list on Thursday. It is an internal spreadsheet used for […]

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Bank of America CEO says 1,000 contractors are fixing AI-exposed flaws

Bank of America brought in about 1,000 outside contractors in the second quarter to repair software weaknesses exposed by AI models, chief executive Brian Moynihan said on 14 October. One of those models, he said, was Anthropic’s Mythos. Moynihan disclosed the figure in an interview with CNBC after the bank reported third-quarter results, and discussed it again […]

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Arkansas sues OpenAI, alleging it misled users about ChatGPT safety

Arkansas Attorney General Tim Griffin has sued OpenAI, saying the company told users ChatGPT was safe while it knew of serious risks. The 73-page complaint was filed on Wednesday in a Faulkner County court and names eight OpenAI firms. The state says ChatGPT has encouraged suicide and self-harm, fed delusions, given bad medical advice and helped […]

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US and European regulators question banks about AI agents and cyber risks

Banking regulators in the US and Europe are stepping up efforts to contain the risks AI poses to banks, Reuters reported, citing six people familiar with the matter. Some fear that cyberattacks or rogue AI agents could shake the financial system. In the US, the Federal Reserve and two other bank regulators are questioning banks […]

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US charges 14 over North Korean IT worker scheme at more than 70 companies

The US Justice Department has charged 14 people over a North Korean job scam, announced on Tuesday. North Korean IT workers used stolen names to get remote jobs at more than 70 US firms. The workers earned about $3 million, which went to North Korean groups under US sanctions, prosecutors believe. The firm works in […]

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Palantir CTO says the Pentagon has already replaced Anthropic’s AI

The Pentagon has already replaced Anthropic’s AI models, with no operational impact, Palantir’s chief technology officer, Shyam Sankar, said on CBS’s Face the Nation on Sunday. “It’s already been replaced,” Sankar said. The Pentagon stopped using Anthropic’s products after a dispute over its safeguards for military AI. It labelled the company a supply chain risk. […]

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Milk is more regulated than AI, Microsoft’s Brad Smith tells the BBC

Microsoft’s president, Brad Smith, has called for global safety rules for AI. They include a legal duty to tell victims when a rogue AI agent breaks into their systems. He set out his case on the BBC’s Big Boss Interview podcast with Will Bain, released on 11 October. Smith told the BBC: “Right now, your […]

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ChatGPT leans on news sites more than any other AI platform, Semrush finds

ChatGPT leans on news sites more than any other major AI platform, in both the UK and the US, Semrush said on Tuesday. From January to July, news took a bigger share of ChatGPT’s cited sources every month. Gemini, Google’s AI Mode and AI Overviews all trailed it. The pull is stronger in the UK. […]

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Visa gets China’s approval to prepare a domestic card clearing business

Visa has won approval to start preparing a domestic bank card clearing business in China, the company said on Tuesday. The People’s Bank of China approved its “Application to Prepare”, which lets Visa begin formal preparations. It does not yet let Visa process domestic payments. Visa first applied to the central bank in May 2020, […]

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