A bipartisan group launched Thursday with $500 million in funding from tech and other interests to help American workers adapt to AI โ marking one of the largest private efforts yet to address growing public anxiety about the technologyโs potential to trigger widespread job losses.
The effort is led by two former governors, Democrat Gina Raimondo and Republican Eric Holcomb. Named RAISE US, the nonprofit will work with corporate donors including Anthropic, OpenAI, Amazon, Microsoft, Bank of America, General Motors and pharmaceutical giant Eli Lilly to design and implement programs to retrain workers for new roles, as a way to deter layoffs.
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Our Clarity truck is on the move in D.C. as Congress continues work on transparent rules of the road for digital assets. The message is simple: the Clarity Act will protect consumers, support responsible innovation, and keep the U.S. competitive.
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IBM today unveiled a major semiconductor breakthrough with the introduction of the worldโs first sub-1 nanometer (nm) chip technology, featuring a revolutionary transistor architecture at the 0.7 nm, or 7 angstrom node. The achievement marks a landmark moment for an industry facing the physical limits of traditional chip scaling. Semiconductors play critical roles in everything from computing, to appliances, to communication devices, transportation systems, and critical infrastructure.
IBMโs new sub-1 nm chip packs nearly 100 billion transistors onto a chip the size of a fingernail, nearly twice the density of IBMโs 2 nm chip, unveiled in 2021. Enabled by a series of structural and material innovations, including IBMโs groundbreaking three-dimensional nanostack architecture, the technology demonstrates how continued gains in performance and efficiency remain possible even as chip features approach atomic dimensions.
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The U.S. and Uzbekistan announced an early harvest agreement on trade and investment during Ambassador Jamieson Greer's visit to Uzbekistan. Under the agreement, Uzbekistan will reduce or eliminate tariffs on a range of U.S. industrial and agricultural products, while the U.S. will provide favorable consideration to Uzbekistan's exports, consistent with U.S. law. Both countries also agreed to strengthen investment cooperation and promote greater bilateral investment.
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โก๏ธ๐ฑ Musk Starts Expanding X Payments to More Users After Delay
Elon Musk is expanding access to digital payment venture X Money to a subset of premium users on social network X, part of his bid to turn the platform into an โeverything app.โ The company on Thursday released the banking tool built inside X to more US users.
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Elon Musk is expanding access to digital payment venture X Money to a subset of premium users on social network X, part of his bid to turn the platform into an โeverything app.โ The company on Thursday released the banking tool built inside X to more US users.
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I-Pulse Inc. will receive $250 million in US funding for semiconductor and pulsed-power development as the venture co-founded by Robert Friedland joins American efforts to reduce reliance on foreign-chip supply chains.
The company, which has laboratories in New Mexico, was granted the award by the Department of Commerceโs CHIPS program to develop semiconductor components for a geothermal drilling technique that uses surges of high-power electricity, according to a company statement.
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Donald Trump is expected to take his first trip on the new US presidential plane gifted by the Qatari government when he travels to an event in North Dakota on July 1, according to White House officials.
The inaugural trip aboard the Boeing Co. 747-8 will take the president to a dedication ceremony for the Theodore Roosevelt Presidential Library โ one of a series of events steeped in Americana that the president is holding next week to mark the nationโs 250th anniversary celebrations.
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The Philippines, United Arab Emirates and Indonesia will start talks about joining a regional trade bloc, the next step for the three in efforts to expand free-trade ties.
Senior officials from the 12-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership will being preparatory discussions with the three nations, according to a joint statement from the 12-nation bloc released by Singapore on Friday. The grouping originally began as a US initiative in the Asia-Pacific, but the US quit in 2017, with Japan, Canada, Australia and now the UK the largest members.
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Boeing Co. secured an order from China Southern Airlines Co. valued at $3.62 billion, marking an important win for the US manufacturer after seeing orders dry up from Asiaโs largest aviation market in the past decade. China Southern agreed to buy Boeing freighter aircraft, including two 777F and five 777-8F models, while securing options to purchase three additional Boeing 777-8F aircraft, according to a company filing on Friday.
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At the second Pax Silica Summit held in Washington on Thursday, 35 nations signed the Joint Statement on AI Opportunity, aligning behind a pro-growth, pro-innovation regulatory approach for the AI era.
"A future where we ACCELERATE INNOVATION AND PRIVATE INVESTMENT is welcomed. Together, we aspire to build an AI future that serves our peoples, strengthens our economies, and empowers entrepreneurship, innovation, and the rule of law," said Jacob Helberg, US Under Secretary of State for Economic Affairs.๐ค
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President Donald Trump threatened to impose 100% tariffs on goods imported from countries that impose digital services taxes, escalating pressure on European nations that just ratified a trade pact with the US.
โNumerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies,โ Trump said in a social media post Friday. โPlease let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America.โ
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AllUnity and Zebec announced the launch of an EURAU-based employee benefits and enterprise payments program on the Stellar network. The pilot program aims to expand payroll and workforce payments in AllUnity's regulated euro stablecoin across its ecosystem, including its major enterprise clients and partners.
"Regulated stablecoins are increasingly moving from financial infrastructure to real world business applications," said Simon Babakhani, CEO of Zebec Network.
โThis pilot brings together EURAU, the payment infrastructure of the Stellar network, and Zebec's payroll platform to support employee benefits, contractor payments, and workforce disbursements in an enterprise environment. With initiatives like global remittances, tokenized assets, and institutional market infrastructure, Stellar has become one of the most important networks for connecting stablecoins to real world financial activity," Simon Babakhani added.๐
The Zebec payroll infrastructure is designed to scale, ready to support EURAU streaming across the AllUnity ecosystem, and includes a growing network of enterprise and institutional participants spanning financial services, fintech, and corporate sectors across Europe.
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Elon Musk received a regulatory greenlight to acquire startup Mesh Optical Technologies, a company founded by former SpaceX engineers working on optical data center communication technology. Mesh is developing optical transceivers that rely on light to send and receive information between data centers, which the company says are more power efficient and lower latency than existing options.
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Researchers at the University of Melbourne and the Commonwealth Scientific and Industrial Research Organization (CSIRO) in Australia have teamed up with the Japanese National Institute for Quantum Science and Technology (QST) to develop advanced manufacturing methods to convert low-value diamond dust into high-performance materials for quantum technologies.
Teaming with QST, Japan, allows Australian researchers to access capabilities and test new fabrication approaches, while ensuring technological sovereignty when the quantum era dawns. If the approach can be scaled, it will help Australia turn its diamond dust into high-performance quantum materials for a futuristic tomorrow.
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โก๏ธ๐บ๐ธ Trump administration partially lifts Anthropicโs AI export ban
The Trump administration on Friday partially rescinded its export ban on Anthropicโs most advanced AI model โ de-escalating a confrontation that has caused confusion across the American AI industry.
The action paves the way for the company to restore access to its Mythos 5 models to a list of more than 100 โtrusted partnersโ including companies and federal agencies approved by the government. But a second advanced Anthropic model, called Fable 5, remains blocked by an export ban that the administration had imposed June 12.
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The Trump administration on Friday partially rescinded its export ban on Anthropicโs most advanced AI model โ de-escalating a confrontation that has caused confusion across the American AI industry.
โIn just two weeks, we have worked diligently to ensure America remains the global leader in AI while safeguarding our security,โ said Benno Kass, a Commerce Department spokesperson.
The action paves the way for the company to restore access to its Mythos 5 models to a list of more than 100 โtrusted partnersโ including companies and federal agencies approved by the government. But a second advanced Anthropic model, called Fable 5, remains blocked by an export ban that the administration had imposed June 12.
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