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JPMorgan Chase has reportedly declined to share its private credit lending data with regulators.
As the Financial Times (FT) reported Saturday (Feb. 15), this decision hinders efforts by the likes of the Federal Deposit Insurance Corp. (FDIC) to gauge the depth of connections between banks, buyout firms and the fast-growing private lending sector.
According to the report, regulators had given...
Elon Musk says his xAI will debut the latest version of its Grok model this week.
“Grok 3 release with live demo on Monday night at 8pm PT,” Musk wrote on his X social media platform Saturday (Feb. 15) evening. “Smartest AI on Earth.”
In another post on Sunday (Feb. 16), Musk shared some of Grok’s handiwork, a play on one of the poems from “The Lord of the Rings” books, reimagined to introduce “...
The Consumer Financial Protection Bureau’s (CFPB) acting director has reportedly agreed to pause a mass firing of agency employees.
As ABC News reported Friday (Feb. 14), attorneys for Russell Vought, acting director of the CFPB, reached an agreement during a court conference to postpone the firings amid a lawsuit challenging the regulator’s dismantling.
The agreement bars the CFPB from firing...
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid.
As The Wall Street Journal (WSJ) reported Friday (Feb. 14), Saks issued a memo to its suppliers on Valentine’s Day aiming to reassure them about their unpaid bills.
The retailer, which last year acquired Neiman Marcus in a $2.7 billion deal, said it would pay for new orders within 80 days of receipt...
Anthropic has asked a judge to let Google keep investing in artificial intelligence (AI) startups.
The AI developer went to court Friday (Feb. 14), calling for an end to a U.S. government proposal that would prevent Google from backing AI firms, Bloomberg News reported. That proposal is part of the government’s planned remedy to fix Google’s monopolization of the online search space.
“A remedy...
Apple is reportedly dealing with tech issues that could delay its long-awaited Siri update.
The upgraded version of the tech giant’s digital assistant is facing software bugs and engineering troubles, Bloomberg News reported late Friday (Feb. 14), citing sources with knowledge of the matter.
Apple first introduced plans for a new, artificial intelligence (AI)-powered version of Siri at its...
Uber is accusing DoorDash of “coercive” behavior in a new lawsuit against its delivery rival.
The suit, as reported Friday (Feb. 14) by The Wall Street Journal (WSJ), alleges that DoorDash pushes restaurants to work exclusively with its delivery service, threatening higher commission rates for establishments that also use Uber Eats.
“DoorDash’s coercive tactics reduce restaurant-customer and...
As the calendar flips to March, college basketball fans are gearing up for another exhilarating NCAA tournament.
In the future, artificial intelligence and cutting-edge technology could change March Madness as we know it. Let’s break down how the digital revolution could transform the Big Dance.
AI Bracketology: The New Sixth Man
AI is already being used to predict brackets. Gone are the days of...
The Treasury Inspector General and the Government Accountability Office (GAO) are investigating the reported decision by Treasury Secretary Scott Bessent to allow the Elon Musk-led Department of Government Efficiency (DOGE) to access government payment systems.
The investigations were announced in a Friday (Feb. 14) press release issued by the Democratic membership of the Senate Banking Committee...
Former Consumer Financial Protection Bureau (CFPB) Chief Technologist Erie Meyer reportedly alleged in a legal filing that Trump administration officials are set to delete databases holding the agency’s data.
In a declaration filed in the U.S. District Court for the District of Columbia, Meyer said the data includes compliance and enforcement records, Bloomberg reported Friday (Feb. 14).
“Reports...