The financial markets are increasingly concerned about true demand for the computing services that are at the heart of the AI revolution. Anthropic, a leading developer of frontier AI models, is expected to go public next week. It will be valued at around $1.4 trillion, which sounds fantastic. The problem? The expected valuation has dropped […]
Buried in the coverage of Judge Darrin Gayles’s dismissal of President Donald Trump’s $10 billion defamation suit against the Wall Street Journal was one factoid emblematic of the country’s obsession with convicted sex trafficker Jeffrey Epstein. Trump sued the outlet when it broke a front-page story about an album celebrating Epstein’s 50th birthday that apparently […]
Asked by Ross Douthat of 60 Minutes to explain why Republicans suffered such a historic defeat last Tuesday, President Donald Trump said the No. 1 reason his party lost was that he was personally absent from the ballot. He then cited the Iran war and its effect on gas prices before naming Israel. “There seems […]
Advocates for transgender Americans are trying to pick up the pieces and move forward after suffering significant defeats at the ballot box even amid last week's historic blue wave. Arizona, Nebraska, Washington and Colorado all passed measures seeking to bar transgender women and girls from female sports teams, showing troubles for trans rights even...
Nvidia CEO Jensen Huang's relationship with an alleged Chinese spy is putting a microscope on the company's influence on AI chip policy in Washington and throwing new momentum behind a trio of bills aiming to place restrictions on chip sales abroad. Huang's disclosure of his affair with a Chinese businessperson, who U.S. officials concluded was...
Democrats on Capitol Hill are vowing to probe major banks with ties to deceased convicted sex offender Jeffrey Epstein once their new congressional majorities become official in January. Those investigations, Democrats say, will provide insight into whether executives at financial institutions, such as JPMorgan Chase, Deutsche Bank and Bank of America, were aware of or...
House Republicans on Tuesday tapped Rep. Jim Jordan (R-Ohio) to lead their diminished conference in the next Congress, betting that a conservative spitfire — and onetime leadership nemesis — can restore the fight to a party battered by the midterms and scrambling for a path back to power. In brief comments right out of the...