Anthropic CEO Dario Amodei was replaced by co-founder Tom Brown in critical White House meetings following the US government's imposition of strict export controls on Anthropic's new AI models, Mythos and Fable. Amodei's difficult communication style reportedly hindered talks, leading to Brown and public policy chief Sarah Heck taking over discussions, which have since improved. The export controls were introduced after concerns that the AI models could bypass safety guardrails and potentially exploit government system vulnerabilities. Anthropic has pulled the models offline to comply and is working closely with the government to address security issues, but it remains unclear when the restrictions might be lifted.
Equity markets remain close to all-time highs even as consumer sentiment hits multi-decade lows and most S&P sectors show weak or negative earnings growth. This divergence is driven by concentrated gains in technology and energy sectors, while retail...
In mid-2026, key AI platform stocks NVIDIA, Amazon, and Meta have pulled back despite strong revenue growth and strategic investments. NVIDIA trades 27% below its 52-week high with robust data center revenue and a large share buyback plan. Amazon sho...
A new streaming royalty calculator by law firm Manatt Phelps & Phillips reveals that Spotify takes 46% of gross streaming revenue, more than the 43% paid to record labels, while Apple Music takes 25%. The biggest surprise is Amazon Music, which repor...
Nordstrom has partnered with FAO Schwarz to expand its toy offerings, opening a large flagship toy store in New York and launching 'Jewel Box' toy shops nationwide. This move aims to enhance in-store and online toy shopping experiences with interacti...
The US Department of Transportation has proposed new rules that would let companies produce fully autonomous vehicles without brake pedals, removing a major regulatory hurdle. This change aims to accelerate the deployment of driverless cars like Tesl...
