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OpenAI CEO Sam Altman arrives at the federal courthouse, as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, U.S., May 14, 2026. Manuel Orbegozo | ReutersThe first phase of the Musk v. Altman trial concluded proceedings in federal court in Oakland, California, on Thursday after attorneys for Elon Musk and OpenAI presented their closing arguments to the jury.The nine-person jury, which is made up of six women and three men, will begin deliberating on Monday. The jury’s verdict will be advisory, which means Judge Yvonne Gonzalez Rogers will make the final decision on liability.“You…
Gopixa | Istock Editorial | Getty ImagesThe cryptocurrency industry notched a key win after a Senate panel on Thursday approved the Clarity Act, the first wide-ranging piece of legislation pertaining to the new industry.The Senate banking committee largely voted along party lines, 15-9, with Democratic Sens. Ruben Gallego, of Arizona, and Angela Alsobrooks, of Maryland, joining all Republicans on the panel to vote for the bill. The measure has a long way to go before becoming law, given both powerful opposition and the fact that it would need to clear the full Senate as well as the House before heading…
US President Donald Trump (R) shakes hands with China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty ImagesU.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit.”They’ve agreed they want to buy oil from the United States, they’re going to go to Texas, we’re going to start sending Chinese ships to Texas and to Louisiana and…
Chip export controls not major topic in China talks, US trade rep Greer tells Bloomberg News Source link
Perhaps you remember Muneeb and Sohaib Akhter, the 34-year-old twin brothers we profiled earlier this week. Although they had the tech chops to commit years of petty crimes (like stealing airline miles), what landed them in truly serious trouble was deleting 96 US government databases in the hour after both were fired last year by the same federal IT contractor, Opexus. (Opexus had just found out that both brothers had previously been in prison for cyberfraud.) The pair come off less as cybercriminal masterminds than as galumphing galoots—that is to say, a pair of bumbling oafs who thought that asking…
The Greater Manchester mayor faces a messy and bitter by-election battle with Reform UK. Source link
China’s President Xi Jinping (R) and US President Donald Trump visit the Temple of Heaven in Beijing on May 14, 2026. Xi warned Trump that the issue of Taiwan could push their two countries into “conflict” if mishandled, a stark opening salvo as a superpower summit set to tackle numerous thorny issues began in Beijing on May 14. (Photo by Brendan SMIALOWSKI / POOL / AFP via Getty Images)Brendan Smialowski | Afp | Getty ImagesSouth Korea’s benchmark Kospi notched a fresh record high on Friday, leading gains in Asia-Pacific markets as investors tracked the second day of high-stakes talks between…
US Justice Dept close to dropping charges against India’s Gautam Adani, sources say Source link
CNBC’s Jim Cramer said Nvidia should be allowed to sell artificial intelligence chips into China, arguing the U.S. would be better served by keeping Chinese companies reliant on American technology rather than forcing them to develop competing products. “You force them to build their own chips, they will catch up and with seemingly unlimited electricity, they will surpass us,” the “Mad Money” host said Thursday, as Nvidia CEO Jensen Huang was in China alongside President Donald Trump for high-stakes diplomatic summit. Nvidia’s ability to sell advanced AI chips into China has been constrained for years following export restrictions introduced during…
The exterior of a BYD electric vehicle showroom, operated by Schiller Auto, in Budapest, Hungary, on May 27, 2024.Bloomberg | Bloomberg | Getty ImagesAs President Donald Trump meets Chinese President Xi Jinping this week, lawmakers in both parties are warning the White House not to use the U.S. auto market as a bargaining chip in any deal with Beijing.The warning stems in part from Trump’s January suggestion that he could welcome Chinese automakers if they built vehicles in the U.S. with American workers — remarks that were later walked back but still rattled auto-state lawmakers, unions and industry groups. Trump…
