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Senate Finance Committee leaders are pressing the Social Security Administration for clearer data handling practices following revelations about the Department of Government Efficiency's mishandling of sensitive information. A recent court filing has raised serious concerns about potential violations of privacy policies and compliance issues.
BitGo, a California-based cryptocurrency startup, has moved its headquarters to South Dakota as concerns over a proposed wealth tax in California escalate. The Billionaire Tax Act aims to impose a 5% tax on residents worth over $1 billion, prompting backlash from business leaders and influencing relocations within the tech sector.
The US Senate Banking Committee has postponed a discussion on a cryptocurrency regulatory framework following objections from Coinbase CEO Brian Armstrong. Armstrong criticized the bill for its potential negative impacts on the crypto industry, leading to uncertainty about its future.
A recent analysis reveals a stark contrast in American attitudes towards AI in finance and politics. While most Americans are hesitant to allow AI to manage their financial assets, they are more accepting of AI's role in shaping political opinions, even when faced with misinformation.
Elon Musk's lawsuit accuses Apple and OpenAI of anticompetitive practices by integrating ChatGPT into iOS. The case claims the partnership stifles innovation in AI chatbots and smartphone markets, with both companies denying the allegations.