Author: GT

New York is 3,000 miles away from the tech hub of Silicon Valley, but in recent weeks, the state has inserted itself into the center of a fierce debate around artificial intelligence regulation. A bipartisan super PAC called “Leading the Future” announced last week that it will target Alex Bores, a Democratic congressional candidate who has openly championed AI safety legislation in New York by promoting the the Responsible AI Safety and Education (RAISE) Act. The bill would require large AI companies to publish safety and risk protocols and disclose serious safety incidents.”They don’t want there to be any regulation whatsoever,”…

Product demos get all the attention, but software development more often involves things like debugging, quality assurance, and testing. It’s the dull but critical work that keeps software running the way it should, and as developers look to automate more of their workloads, it’s increasingly being done by AI. On Monday, the AI testing startup Momentic said it had raised $15 million in a Series A round led by Standard Capital, with participation from Dropbox Ventures. Existing investors at Y Combinator, FCVC, Transpose Platform, and Karman Ventures also participated in the round. The new funding builds on a $3.7 million…

A €1.2 trillion AI prize sits on the table for Europe’s economy, and the region has the talent and raw ingredients to claim it.While the global narrative often focuses on competition with the US and China, the view from the ground in Europe is a region of untapped potential, world-class talent, and deep infrastructure investment.Debbie Weinstein, President of Google EMEA, sees a “new generation of visionary founders” ready to drive the region’s future. The opportunity is built on a foundation of scientific excellence and a workforce that is “as bright as anywhere else in the world.”The task now is to…

U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | ReutersPresident Donald Trump has appointed two Department of Commerce officials to oversee U.S. Steel under the golden share agreement reached with Japan’s Nippon, according to a letter posted Monday in the Federal Register. Trump approved U.S. Steel’s controversial acquisition by Nippon in June after securing veto rights over key business decisions under a golden share arrangement. U.S. Steel stopped trading on the New York Stock Exchange that same month after the acquisition was completed. Trump holds…

An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia, U.S., October 20, 2025. Jonathan Ernst | ReutersAmazon said Monday it will invest as much as $50 billion to expand its capacity to provide artificial intelligence and high-performance computing capabilities for its cloud unit’s U.S. government customers.The project is slated to break ground in 2026 and will add nearly 1.3 gigawatts of capacity through new data centers designed for federal agencies, the company said in a blog. As part of the investment, agencies will have access to Amazon Web Services’ AI tools,…

As Australia’s ban on social media use for users under 16 looms, it appears Malaysia now plans to implement a similar system starting next year. The country’s communications minister, Fahmi Fadzil, reportedly said the administration is considering systems for implementing age restrictions on social media platforms, barring users under 16 years old from platforms like Facebook, Instagram, and X, Reuters reported. “We hope by next year that social media platforms will comply with the government’s decision to bar those under the age of 16 from opening user accounts,” the report quoted Fadzil as saying. Malaysia would join a growing list…

Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers’ data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it had identified a data breach on November 12. The company said that unspecified hackers had stolen corporate data associated with its banking customers’ relationship with SitusAMC, as well as “accounting records and legal agreements” during the cyberattack.  The statement added that the scope and nature…

The world is facing a flood of oil that could push global benchmark Brent prices down into the $30s by the end of 2027 if nothing is done to curtail supply, JPMorgan warned in a Monday note to clients. Oil demand has remained surprisingly strong in 2025 despite bearish sentiment, growing by 900,000 barrels per day (bpd). Demand is expected to accelerate by 1.2 million bpd in 2027, according to the bank. But supply is forecast to widen at three times the rate of demand growth this year and next, with half of the gains coming from producers outside OPEC+…

A United Launch Alliance Atlas V rocket is shown on its launch pad carrying Amazon’s Project Kuiper internet network satellites as the vehicle is prepared for launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 28, 2025. Joe Skipper | ReutersAmazon said Monday it will begin allowing businesses to test its recently rebranded internet-from-space service that seeks to compete with SpaceX’s Starlink.Select businesses will be able to test Amazon Leo production hardware and software as part of an “enterprise preview” of the service “ahead of a wider rollout,” the company said in a blog post.…

Revolut has raised new funding in a share sale that values it at $75 billion, positioning the British neobank as one of Europe’s most valuable private tech companies. The company said on Monday the deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated. Revolut did not mention how much it raised in the share sale, but it did say it allowed employees to cash out in the deal. As of August 2025, the company had a post-money valuation of $48 billion,…