AI Startup CuspAI Poised to Secure $400 Million to Accelerate Material Discovery
CuspAI is preparing to close a $400 million funding round, valuing the UK-based AI material discovery startup at $2.6 billion, with backing from high-profile investors.
Latest news
Corporate Power
Trade & Tariffs
Senator Rick Scott Urges Trump Administration to Revoke CodePink’s Tax-Exempt Status Over China Links
Senator Rick Scott has formally requested the IRS to revoke activist group CodePink’s tax-exempt status, citing alleged connections to the Chinese Communist Party and violations of nonprofit regulations.
Markets & Macro
Federal Reserve Signals Potential Rate Hikes Amid Persistent Inflation Concerns
The Federal Reserve kept interest rates steady but revealed a sharp divide among officials, with many forecasting higher rates due to ongoing inflation pressures.
Defense & Security
DOJ Charges Minneapolis Protesters in Controversial Anti-ICE Conspiracy Indictment
The Department of Justice indicted 15 Minneapolis-area residents for allegedly conspiring to obstruct ICE agents, citing activities ranging from protests to online group chats.
Corporate Power
SpaceX Strengthens Governance by Adding Roelof Botha to Board After $75 Billion IPO
SpaceX appointed Roelof Botha as an independent board member and audit committee member following its record-breaking initial public offering, enhancing oversight amid its transition to a public company.
Defense & Security
US-Iran Draft Agreement Proposes Uranium Dilution and Temporary Strait Access
A draft deal between the US and Iran outlines uranium dilution, temporary sanctions relief, toll-free access to the Strait of Hormuz, and a call to cease military actions in Lebanon.
Markets & Macro
Federal Reserve Maintains Rates, Signals Possible Increase Amid Economic Growth
The Federal Reserve kept interest rates steady but indicated a potential rate hike by year-end, prompting market declines and suggesting a prolonged period of tighter monetary policy.
AI & Tech Regulation
Anthropic Restricts Access to Latest AI Models Following US Government Limits
Anthropic halted public access to its new AI models Mythos 5 and Fable 5 after US authorities imposed usage restrictions aimed at controlling deployment.
Big Tech
Jeff Bezos Foresees AI Driving Labor Shortages Rather Than Mass Unemployment
Jeff Bezos challenges widespread fears of AI-induced job losses, predicting that AI will instead boost productivity and create labor shortages as workers leave the workforce.
Energy & Climate
DOJ Moves to Shield xAI’s Polluting Data Centers in Mississippi Despite Local Opposition
The Department of Justice has intervened to dismiss legal challenges against xAI’s methane-powered generators, which have raised pollution concerns among Mississippi communities.