Author: potus

Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCScale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large investment from the social networking company. Meta is pumping $14.3 billion into Scale AI as part of the deal, and will have a 49% stake in the artificial intelligence startup, but will not have any voting power, a Scale AI spokesperson said.”As you’ve probably gathered from recent…

FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019.Mike Blake | ReutersScale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC has confirmed.Meta is finalizing a $14 billion investment into artificial intelligence startup Scale AI, CNBC reported earlier this week. Wang will help lead a new AI research lab at Meta and will be joined by some of his colleagues. The New York Times was first to report about the…

A farmworker works in a strawberry field on June 12, 2025 in Oxnard, California. Anti-immigration crackdowns ordered by US President Donald Trump has seen federal authorities target factories and work sites since June 6, sparking days of angry protests in Los Angeles. Apu Gomes | Afp | Getty ImagesThe Trump administration began sending termination notices Thursday to about 500,000 foreign nationals who had received temporary stays to live and work in the United States under a special humanitarian exception.The so-called CHNV program was open to applicants from Cuba, Haiti, Nicaragua and Venezuela from 2023 until it was terminated by President…

(The Center Square) – An energy proposal awaiting action in the state Senate could save North Carolinians billions of dollars, says a residential and business advocacy group.The Power Bill Reduction Act, known also as Senate Bill 266, authored by Sens. Timothy Moffitt of Henderson County, Danny Britt of Robeson County and Warren Daniel of Burke County, was first known as the Historic Flood Event Bldg. Code Exemption. Committee actions since its March filing assure energy companies the ability to build faster and more affordably, says regional Executive Director Kevin Doyle of the Consumer Energy Alliance.“It maintains progress on emissions reductions…

Lisa Su, CEO of Advanced Micro Devices, testifies during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesAdvanced Micro Devices on Thursday unveiled new details about its next-generation AI chips, the Instinct MI400 series, that will ship next year.The MI400 chips will be able to be assembled into a full server rack called Helios, AMD said, which will enable thousands of the chips to be tied together in a way that they…

A visitor walks past a Google Cloud sign at the booth of Google during the Hanover technology Fair (Hannover Messe) on April 22, 2024 in Hanover, northern Germany, with Norway as partner country.Ronny Hartmann | AFP | Getty ImagesGoogle’s cloud suffered significant global outages on Thursday, knocking down or disrupting a number of large internet services.”We are experiencing service issues with multiple GCP products,” a status page from Google Cloud showed, indicating that the outages began at 10:51 a.m. PT. “Our engineering team continues to investigate the issue.”Later in the day, Google said that customers were “still experiencing varying degrees…

Coinbase on Thursday introduced its first branded credit card in partnership with American Express.The card will be available exclusively to U.S. members of Coinbase One, the cryptocurrency platform’s monthly subscription product that offers zero trading fees, increased staking rewards and other perks. Additionally, Coinbase is also creating a lower-cost “Basic” subscription tier.Cardholders will be able to earn between 2% and 4% back in bitcoin, beginning this fall, and take advantage of experiences, protections and other benefits that are offered alongside the American Express network. Coinbase One costs $29.99 a month while a Basic tier with fewer rewards will cost $4.99…

Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate.”I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs,” Yellen said Thursday on CNBC’s “Money Movers.”The Biden-era Cabinet secretary made that prediction even as she noted that when it comes to Trump’s tariffs, “There remains a huge degree of uncertainty about exactly what is going to go into effect.”But “I definitely expect that we’re going…

Police handcuffed Sen. Alex Padilla, D-Calif., and pushed him to the ground Thursday after forcibly removing him from a press conference Homeland Security Secretary Kristi Noem was holding in Los Angeles.Padilla had entered the room and interrupted Noem as she was speaking about her department’s plans to continue deportation efforts in California, even as the Trump administration’s recent immigration enforcement operations have stirred a wave of protests there.The senator said after the incident that he was not arrested or detained. DHS blamed Padilla for the altercation, but said he and Noem later held a 15-minute meeting.Video shared with NBC News’…

(The Center Square) – President Donald Trump on Thursday signed three congressional resolutions nullifying California’s electric vehicle and car emissions mandates. A federal law requires states to either adhere to federal vehicle emissions standards or to adopt California’s more stringent Advanced Clean Cars II rule, which requires automakers to sell progressively higher percentages of electric vehicles from 2026 to 2035, when they will be limited to selling only electric vehicles. California had also instituted an Advanced Clean Trucks rule extending similar requirements on a longer timeline to trucks and a regulation implementing stricter standards for nitrogen oxide vehicle emissions.Seventeen states had…