Fed's Cook says AI demand 'broadening' to increase inflation

Federal Reserve board of governors member Lisa Cook said Monday that rising demand for artificial intelligence is leading to “broadening” inflationary impacts, with implications for the entire economy. During a keynote speech at the Oakland Tech Week conference, Cook noted that prices for Al-related goods, including chips, computers and software, have “surged” in the past...

Technology giant Nvidia announced Monday it is boosting its stock buyback program by $150 billion, setting a record for the largest repurchasing allotment in history. The company’s board of directors authorized the increase, which boosts the total amount in Nvidia’s buyback program from $85 billion to $235 billion. Apple authorized a $110 billion buyback program...

SpaceX on Monday sent its Starship out to orbit for the first time, with the company looking for the craft to achieve six laps around the Earth in order to show off its capability for the NASA Artemis program, according to The Associated Press. SpaceX said everything needs to go as planned for Starship before...

President Trump and his family’s sprawling empire of cryptocurrency businesses cast a long shadow over efforts this year to negotiate a bill regulating the industry. They arguably weighed down bipartisan talks in the end, which ultimately disintegrated ahead of a Senate vote last week on the Clarity Act that failed to advance the bill. Senate...

Senate Democratic Leader Chuck Schumer (N.Y.) is aiming to kill a bill sponsored by Republican Sen. Jon Husted (Ohio) to protect taxpayers from additional costs posed by AI-driven data centers, but his Democratic caucus isn’t fully on board after House Democrats overwhelmingly voted for the proposal. The looming Senate floor fight over artificial intelligence and...

Nvidia unveiled a new platform Monday to put guardrails on AI agents at both the software and hardware level, as major AI firms continue to discover new instances in which their agents have gone rogue. The chipmaker’s system consists of two parts — OpenShell and Sentry. OpenShell is open-source software that places limits on what...

A snap inquiry into the Medicare breach is in doubt as one AI firm said it could not attend and the other is yet to confirm.

President Trump and Anthropic CEO Dario Amodei will meet on Sunday evening at the White House after the artificial intelligence industry leader raised concerns about the technology's risks. The two will meet for dinner at the president’s residence, two sources familiar with the dinner confirmed to The Hill. Trump in recent weeks has dismissed concerns...

Microsoft co-founder Bill Gates said global cooperation on artificial intelligence (AI) will be "more difficult" than talks on nuclear proliferation during the Cold War. "Meet the Press" host Kristen Welker asked Gates in an interview that aired on NBC News Sunday about the cooperation between the U.S. and the former Soviet Union on limiting the...

If you drive a car, you've likely found yourself at a stoplight. They're hard to avoid, with roughly 320,000 estimated to be in the U.S. But getting through them is sometimes harder than you may think it should be.

NASA has extended the deadline for a project involving a space satellite, the clouds and you.