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Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, May 6, 2026. Manuel Orbegozo | Reuters There’s a new second-in-command at OpenAI. Greg Brockman, the company’s president, is officially responsible for OpenAI’s most important and profitable projects after Fidji…
For the past two years, the artificial intelligence race has been easy to score: bigger models, better benchmarks and whichever company could claim the lead, at least until the next launch. That scorecard is starting to look incomplete. As companies move from testing AI to using it in real products and workflows, it’s not longer…
CD rates are at a standstill, but that could change after the next Fed meeting, or the one after that.
State fairs are famous for iconic foods like funnel cakes, corn dogs, and just about anything that can be deep-fried. But when it comes to over-the-top edible offerings, few events have a reputation quite like the Minnesota State Fair. Dubbed the “Great Minnesota Get-Together,” the nation’s largest state fair has long been a destination for…
The Commerce Department on Friday moved toward easing export controls on the United Arab Emirates, including by saying it will “favorably review” export license applications for MGX, the UAE-backed investment firm that used a stablecoin linked to President Donald Trump‘s family for its $2 billion investment in Binance. An unpublished version of a new 17-page…
Key Points Meta reportedly plans to put its in-house “Iris” AI chip into production in September, with Broadcom helping design it and TSMC manufacturing it. The company reportedly plans to deploy 7 gigawatts of computing capacity this year and double that to 14 gigawatts in 2027. Meta expects 2026 capital expenditures of $125 billion to…
The Mortgage Bankers Association (MBA) published research Friday in support of phasing out tri-merge requirements in mortgage underwriting for applicants boasting credit scores over certain thresholds. The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced in mid-April that the government-sponsored enterprises would begin accepting home loans underwritten using VantageScore 4.0 on…
A temporary delay to one of two eligibility tests for use of internal models under the UK’s market capital rules has been welcomed by senior bank officials, though some urge the regulator to align with the US, which ditched the so-called Spearman test in its latest Basel III endgame proposal. Ravel Jabbour, a former head…
US issues fresh Iran-related sanctions as conflict flares