David Sacks, former White House AI czar, cautioned that heavy regulation of AI could cause the US to lose its competitive edge to China, currently only six to nine months behind. He argued against strict government controls, comparing the AI regulation push to climate change panic, and warned that overregulation might stifle innovation. Sacks acknowledged cybersecurity risks from advanced AI models but urged a balanced approach to avoid harming US technological leadership. He also highlighted recent strong US job growth as evidence that AI is not causing immediate job losses. The Trump administration is considering a unified federal AI governance framework to avoid inconsistent state regulations, with upcoming meetings planned with AI industry leaders.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
