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Google’s IL5-approved model has become the first generative AI deployed across the War Department as competition with China grows.
On September 16, according to Reuters, the U.S. Commerce Department said on Tuesday that it will consider industry requests to impose tariffs on more imported auto parts in the coming weeks on national security grounds. In May, Trump imposed a 25% tariff on imported cars and auto parts worth more than $460 billion a year, but an agreement has since been reached to reduce tariffs on some countries. The U.S. Commerce Department said on Monday that domestic producers of cars or auto parts, or any i...
CoreWeave (CRWV) announced the launch of a venture capital arm focused on early-stage artificial intelligence startups. The new fund, called CoreWeave Ventures, will focus on investing in startups developing artificial intelligence tools, infrastructure or applications. The company did not disclose how much it will invest, but sees the move as an extension of its broader mission of supporting machine learning and generative artificial intelligence high-performance computing. CoreWeave is acquiri...
Market news: NVIDIA's (NVDA. O) venture capital arm will invest in Honeywell's Quantinuum.
Japan's Financial Services Agency (FSA) has released its budget, organization, and staffing requirements for fiscal year 2026. In the request, the agency proposed a major restructuring, including the creation of a new "cryptocurrency and innovation department" and a budget of 25 billion yen (1.19 billion yen more than the previous fiscal year), or about $170 million. According to the public document, the Financial Services Agency identified the topic of restructuring as "the need to use...
According to Protos' market news release, the cyber attack paralyzed the Swedish municipal government, with a ransom of 1.5 bitcoins.
Trish Turner, the head of the digital assets division at the Internal Revenue Service (IRS), announced her resignation after just over three months in the job. She posted on LinkedIn on Friday: "After more than 20 years in the IRS, I am bringing this extraordinary career to a close, and I would like to express my heartfelt gratitude to everyone who has shaped my career and given it meaning. Together, we tackle complex challenges, build long-term programs, and lay the foundation for the IRS strat...
The U.S. government is in talks with Intel (INTC. O) about replacing subsidies in the Chip and Science Act with a shareholding, Commerce Secretary J.K. Lutnik confirmed. Mr. Lutnik said on Tuesday that the plan would not give the U.S. government governance or voting rights in the company. He attacked the chip bill signed by former President Joe Biden, saying it provided subsidies to semiconductor makers without allowing the United States to pay for them.
According to News1, the Bank of Korea has established a new virtual asset department under the Financial Payment System Bureau of the Bank of Korea, which is expected to lead discussions within the Bank of Korea on the Korean won stablecoin. In addition, the Bank of Korea has officially renamed its digital currency research team as the Digital Currency Team, a change that marks the institution's shift from theoretical exploration to more active digital currency projects.
Federal Housing Finance Agency (FHFA) Director: According to very reliable congressional sources, one or more members of Congress may accuse the Justice Department of perjury in connection with the $2.50 billion Federal Reserve building renovation.
