Laid off OpenAI employees worry about AI security and surveillance
6 hours ago Fired OpenAI employees warn company could lose ability to monitor advanced AI systems: report Three former OpenAI employees warn that the company could lose the ability to monitor how increasingly advanced artificial intelligence systems…
Vance accuses Microsoft of abusing visa system, suspends green card program
Find out what clicks on FoxBusiness.com. Vice President JD Vance and Department of Labor officials announced Thursday that the Trump administration is suspending Microsoft, Adobe and others from a key employment-based green card program, accusing big…
Nvidia-backed IPO filing sends warning about AI funding
(Bloomberg) — The sudden drop in demand for an Nvidia-backed data center company’s IPO reveals new cracks in the AI funding boom. Most read on Bloomberg The planned $5.5 billion listing by Australian firm Firmus Grid Ltd. became shrouded in…
Trump’s crackdown on foreign workers affects Microsoft, Adobe and IT companies
What they say: “We want people to invest in the United States of America, particularly in the American technology sector,” Vance said at a press conference Thursday. “We are the biggest promoters of your industry. We want you to continue to…
Starbucks plans to buy Chipotle in mega restaurant deal
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Starbucks has considered buying Chipotle Mexican Grill, part of an ambitious gamble to unite two of America’s…
Goldman Sachs to pay $500 million in special bonuses to its top executives
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Goldman Sachs’ top executives are set to receive more than $500 million in special bonuses as part of a five-year…
Stock Market Today: Dow Jones Slips on Trump’s War Comments; Palantir jumps| Investor Business Daily
Stocks felt pressure from escalating tensions in the Middle East that sent oil prices higher on Thursday. Meanwhile, Treasury yields were higher after Federal Reserve Governor Christopher Waller issued warnings about inflation. In stocks, Palantir (PLTR)…
AI bubble risks worst S&P 500 crash since 2008, strategist says
(Bloomberg) — The head of market strategy at a London investment bank is issuing a stark warning to investors that the artificial intelligence business may soon be over, potentially triggering the most serious stock market crash since the global…
Trump reports 517 deals in August, including Meta and SpaceX investments
President Donald Trump disclosed more than 500 securities transactions in August, including a purchase worth up to $25 million. Meta shares and an investment of up to $5 million in EspaceX debt two days before signing a sweeping policy aimed at expanding…
Fed’s Waller eyes further rate hikes to bring inflation down faster
Federal Reserve Governor Chris Waller said in a speech Thursday that he expects the Fed will need to make further interest rate hikes to bring down inflation more quickly if economic data comes in as he expects. “If economic data continues to arrive as…