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July 1 (Reuters) – The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the Financial Times reported on Wednesday, citing sources. • Washington has tightened oversight of new model releases to flag risks amid concerns advanced AI could be misused by military intelligence in China, Russia or other countries of concern. • The standards would set benchmarks for advanced models and timelines, while clarifying who can access them in the United States and abroad, according to the FT report. • Reuters…
US homeowners have embraced home batteries in record-breaking numbers in early 2026, spurred on by state incentives while seeking to offset rising residential electricity costs. The trend could even unlock a more flexible energy supply for power grid operators and even AI data centers. New home battery installations reached a record 673 megawatts of energy storage in the first quarter of 2026, according to the US Energy Information Administration. That trend was driven by states with high electricity prices that have implemented policies to incentivize home battery installation, Bloomberg News reported. This residential battery trend stands out as a natural…
In a statement, the Labour mayor for the region Claire Ward said she had only been informed of the decision while Sir Keir Starmer was making his speech announcing a £15bn boost in defence spending.”If mayors and their regions are to be seen as respected partners of government, we need to be treated like grown-ups and involved in trade-offs which affect our regions,” she said.”I understand that everywhere will need to contribute so that we can be safe in a less certain world.”What I cannot understand is why the only region being asked to lose £900m of investment into its…
All Nippon Airways and Japan Airlines increased fuel surcharges Wednesday, with fees topping $400 on some long-haul flights. The hikes, which apply to tickets purchased in July and August, come even as jet-fuel rates in Asia are dropping. That’s because Japan’s two largest airlines calculate the fees based on averages that lag current prices by several months. Jet fuel fell to $113 per barrel Wednesday, from a record high of $242 per barrel in late March, according to data from LSEG. But the surcharges that start this week are based on prices from April and May, which averaged $178.21, according…
By Courtney Rozen and Jody Godoy WASHINGTON, July 1 (Reuters) – The Federal Trade Commission on Wednesday said AI companies whose chatbots produce responses that reflect “ideological objectives” may violate federal law, as part of a proposed policy on how the FTC will apply its authority to the sector. The FTC said AI companies that train their chatbots to avoid responses that discriminate against specific groups of people may run afoul of the Federal Trade Act’s Section 5. The law prohibits unfair or deceptive business practices. Complying with a Colorado law aimed at preventing AI-driven discrimination in employment and other…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. While consumer sentiment is near record lows, at least one group appears to be feeling better about their jobs: shift workers.Stock futures are mixed this morning after a winning day on Wall Street.Here are five key things investors need to know to start the trading day:1. Heat waveTraders work at the New York Stock Exchange on June 29, 2026. NYSE2. Red cliffThe iconic Nike swoosh design is displayed in a window of the athletic company’s new store on Broadway in Manhattan on April 24, 2026 in…
Dan Jarvis says Andy Burnham will back his £15bn defence spending plan if he becomes PM. Source link
CNBC’s Jim Cramer said investors who feel they’ve missed this year’s biggest winners should be thankful for Wednesday’s market rotation. “You are getting a chance to sell the losers at a premium and switch to winners at a discount,” the “Mad Money” host said Wednesday. “So often in this market, you look back and kick yourself that you didn’t take advantage of the breaks in the strongest stocks out there. This is one of those breaks. Don’t blow it.”On the first day of the new quarter, investors rotated out of many of this year’s biggest winners — including AI infrastructure…
Soccer-World Cup fans sue StubHub over cancelled tickets Source link
T-Mobile is asking a New York court to rule that Broadcom was contractually obligated to continue supporting its VMware perpetual licenses. In its complaint, T-Mobile said it has tens of thousands of virtual machines using VMware software across approximately 303,140 CPU cores. It also said that it was migrating off VMware but noted the time-consuming and technical challenges involved in migrating over 1,000 applications. It filed its lawsuit, which was first reported by The Register today, in the Supreme Court of the State of New York in August 2025 (PDF). The mobile company claimed that in 2023, it bought perpetual…
