The Commodity Futures Trading Commission has a problem: It’s not very good at policing insider trading. And insider trading has become a pressing concern for prediction markets. Even Kalshi’s recently publicized fines for insider trading – levied against a politician and an employee of YouTube influencer MrBeast – were effectively self-policing. The exchange says it’s […]
The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as […]
It is day 13 of America’s surprise war with Iran – by sheer coincidence, it’s Friday the 13th – and I am delirious. I haven’t had a coffee since I woke up at 5AM, because I’m not allowed to bring outside beverages into the Pentagon (the security screening cutoff was at 7AM for the 8AM), […]
After a chaotic week following the Justice Department’s mid-trial settlement with Live Nation-Ticketmaster, the antitrust trial picked back up surprisingly smoothly on Monday – this time, with dozens of states leading the case. This isn’t the outcome the states originally wanted. Out of concerns about being able to effectively take over the case and fear […]
Three Tennessee teens are suing Elon Musk’s xAI over claims that the company’s Grok AI chatbot generated sexualized images and videos of themselves as minors, as reported earlier by The Washington Post. The proposed class action lawsuit, filed on Monday, accuses Musk and other xAI leaders of knowing that Grok would produce AI-generated child sexual […]
Social media platforms are currently awash with conspiracy theories claiming that Benjamin Netanyahu has been killed or injured and replaced by AI-generated deepfakes. Between clips that supposedly show the Israeli prime minister sporting extra fingers and drinking from a bottomless, gravity-defying cup of coffee, only one thing is apparent: Reality used to be much easier […]
On Friday, Encyclopedia Britannica and dictionary publisher Merriam-Webster filed a lawsuit against OpenAI alleging that it used their copyrighted content to train its AI, then generated responses that were “substantially similar” to their content, as previously reported by Reuters. According to Britannica, OpenAI repeatedly copied its content without permission, stating, “GPT-4 itself has ‘memorized’ much […]
David Sacks, the White House’s AI and crypto czar, has warned that a continued war in Iran could be catastrophic. On the All In podcast, Sacks said that “we should try to find the off-ramp.” He expressed concern that Iran could demolish oil and gas infrastructure across the Middle East, but more alarmingly, that it […]
Last fall, President Donald Trump’s executive order raising the fee for H-1B visas to $100,000 – like many of his immigration policies – led to near-immediate chaos. Thousands of workers who had flown overseas to renew their visas ended up stranded abroad. Details about who would be affected only emerged after the fact. Six months […]
In September, Donald Trump claimed that “the United States is getting a tremendous fee” for brokering the TikTok deal. Now sources tell the Wall Street Journal and the New York Times that fee is expected to be in the range of $10 billion. The money is supposedly being paid by new investors, including Oracle and […]