US Commerce Department withdraws planned rule on AI chip exports, government website shows
The U.S. Department of Commerce on Friday withdrew its planned rule on AI chip exports, according to a government website. Source link
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Uber ex-CEO Kalanick rebrands latest venture Atoms, move into robotics
Travis Kalanick, chief executive officer of City Storage Systems, during the Future Investment Initiative Institute Priority conference in Miami, Florida, Feb. 21, 2025. Zak Bennett | Bloomberg | Getty Images Uber founder and ex-CEO Travis Kalanick has renamed his latest venture as Atoms and said on Friday that he’s expanding beyond food and into mining…
Exclusive: Meta planning sweeping layoffs as AI costs mount
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. Source link
Why Gas Prices Will Stay High After the War Is Over
On Everybody’s Business, we explain how the damage done to supply chains by the US-Israel war with Iran means higher prices for longer all across America. Source link
Flights resume at Washington airports after chemical odor disruption
Check out what’s clicking on FoxBusiness.com. A ground stop issued at several airports in the Washington, D.C., region on Friday has been lifted after a chemical odor disrupted air traffic control operations. “The ground stop is over and operations have resumed,” Transportation Secretary Sean Duffy wrote on X. “Firefighters from Fauquier County and Prince William…
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Trump thinks Russia leader Putin is helping Iran
Russian President Vladimir Putin chairs a meeting of the presidential council for civil society and human rights via a video link in Moscow, Russia, December 9, 2025. Gavriil Grigorov | Via Reuters President Donald Trump on Friday said he believed that Russian leader Vladimir Putin is helping Iran in its war against the United States…
‘Don’t need to worry about it’
Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has spiked oil prices, would continue being a problem for the U.S. and the world for much longer. Iran has been “exercising sheer desperation in the Straits of Hormuz,” Hegseth said…
Alex Karp: AI Is Bad News for ‘Mostly Democratic Voters’
Palantir CEO Alex Karp says AI will upend society and that even people in tech underestimate “how disruptive these technologies are.” “If you are going to disrupt the economic and, therefore, political power significantly of one party’s base, highly educated, often female voters who vote mostly Democrat, and military and working class people who do…