The Justice Department and the FTC have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the AI industry.
Read More US regulators to open antitrust inquiries of Microsoft, OpenAI and NvidiaTag: data
Yellen to warn of ‘significant risks’ from use of AI in finance
Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs, but carries “significant risks.”
Read More Yellen to warn of ‘significant risks’ from use of AI in financeUS court to hear challenges to potential TikTok ban in September
A U.S. appeals court set a fast-track schedule to consider the legal challenges to a new law requiring ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.
Read More US court to hear challenges to potential TikTok ban in SeptemberReport: U.S. Jobless Claims Increase To Highest Level Since August
Unemployment benefit claims have climbed to its highest level since August 2023, initial filings show.
Read More Report: U.S. Jobless Claims Increase To Highest Level Since AugustReport: U.S. Births Decreased Last Year
According to provisional statistics by the Center for Disease Control and Prevention (CDC), a little under 3.6 million babies were born in 2023, which is approximately 76,000 less than in 2022 and the lowest number since 1979.
Read More Report: U.S. Births Decreased Last YearReport: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
Read More Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt