Ninth Circuit Hands States Victory in Prediction Market Jurisdiction Fight
A federal appeals court has handed state gaming regulators a significant victory in their jurisdictional battle with the Commodity Futures Trading Commission, ruling that Nevada may subject Kalshi’s sports-event contracts to its gambling laws.…
The unanimous Ninth U.
Circuit Court of Appeals decision deepens a conflict among federal cou…
Most significantly, the ruling conflicts directly with an April decisi…
Tim Cook’s parting message: Apple is in the hands of a product builder
Tim Cook’s farewell memo to Apple employees offers a glimpse at how he wants John Ternus to be seen: as a product builder with deep experience across the iPhone, Mac, AirPods and other major hardware lines
Economic pressure is incentivizing consumers more reason to compare the cost of a purchase, the possibility of financing behind it and the alternatives before committing.…
Financial providers are embedding those choices into a new place: the …
AI’s potential financial-product distribution channel is taking shape …
How AI could make it harder for governments to use hacking tools
AI is proving effective at finding and exploiting vulnerabilities. Some say this will make it harder for governments to use hacking tools and spyware and could reignite calls to backdoor devices.
Nvidia’s $3.5B MediaTek bet reveals its plan for tackling Big Tech’s AI chip buildout
Nvidia invests $3.5 billion into Taiwanese chipmaker MediaTek. The deal shows how Nvidia plans to stay essential to AI infrastructure as Big Tech begins to build its own AI chips.
FSB Warns Frontier AI Could Threaten Global Financial Stability
The head of the Financial Stability Board is urging global regulators to make the safe release of advanced artificial intelligence models a priority, warning that increasingly autonomous systems could exploit cyber weaknesses and transmit disruptions across the international financial system.…
Andrew Bailey, who chairs the FSB and serves as governor of the Bank o…
The FSB coordinates the work of financial regulators from the world’s …
Bailey’s central concern is that the capabilities of frontier AI model…