Author: potus
(The Center Square) – Local leaders and Ford executives continue to support Michigan’s newest Ford plant, BlueOval Battery Park Michigan.The 1.8 million-square-foot facility is still expected to open next year and will create 1,700 permanent new jobs for the community.“The future of Marshall looks better today than it has in 40 years,” said Scott Wolfersberger, mayor of the City of Marshall. “Ford is truly a great American company, and we should all be proud that they selected Marshall as the place to invest for its long-term future.”Wolfersberger joined local business owners and business groups at a press conference recently to discuss…
(The Center Square) — The U.S. Senate rejected a bid by Maine’s Republican Sen. Susan Collins to hike taxes on the nation’s wealthiest to help bail out cash-strapped rural hospitals that are expected to take a hit from the Grand Old Party’s mega bill. On Tuesday, Collins led a group of 18 Republican senators, including former Senate Leader Mitch McConnell of Kentucky, in support of her amendment to President Donald Trump’s One Big Beautiful Bill Act to raise taxes on the ultra-wealthy income earners to help rural hospitals facing steep Medicaid cuts in the spending plan.Collins’ amendment had called for setting…
WASHINGTON (AP) — The sprawling Republican budget bill approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable energy.The Senate approved the bill 51-50 as President Donald Trump and GOP lawmakers move to dismantle the 2022 climate law passed by Democrats under former President Joe Biden. Vice President JD Vance broke a tie after three Republican senators voted no.The bill now moves to the House for final legislative approval. The excise tax on solar and wind generation projects was added to the Senate…
(The Center Square) – Louisa County Supervisor Duane Adams says he plans to vote against Amazon Web Services’ proposal for a third data center campus in his district, citing concerns from residents about traffic, water supply and quality of life.Adams announced his position at a town hall last week, telling residents he had heard their concerns and believed the county should pause before approving another large-scale data center project.“My job as an elected representative is to vote to protect the citizens of the area that I represent and the citizens of Louisa County,” Adams said at the meeting. “I don’t…
Ozan Kose | Afp | Getty ImagesCorporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment.Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. ETFs showed an 8% increase or about 111,000 BTC in the same period.”The institutional buyer who is getting exposure to bitcoin through the ETFs are not buying for the same reason as those public companies who are basically trying to accumulate bitcoin to increase shareholder…
An image of a Quantix drone made by AeroVironment.David Mcnew | Getty Images News | Getty ImagesAeroVironment shares fell 7% Tuesday after the defense contractor said it plans to offer $750 million in common stock and $600 million in convertible senior notes due in 2030 to repay debt.The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity.AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia-based company rallied on strong fourth-quarter results, lifting higher as CNBC’s Jim Cramer called it the…
Jaque Silva | Nurphoto | Getty ImagesInternet firm Cloudflare will start blocking artificial intelligence crawlers from accessing content without website owners’ permission or compensation by default, in a move that could significantly impact AI developers’ ability to train their models.Starting Tuesday, every new web domain that signs up to Cloudflare will be asked if they want to allow AI crawlers, effectively giving them the ability to prevent bots from scraping data from their websites.Cloudflare is what’s called a content delivery network, or CDN. It helps businesses deliver online content and applications faster by caching the data closer to end-users. They…
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe.Jaap Arriens | Nurphoto | Getty ImagesXAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said.Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday.The funding gives xAI more firepower to build out infrastructure and develop its Grok AI chatbot as it looks to compete with bitter rival OpenAI, as well…
In recent years, the company has transformed from a competent private sector telecommunications firm into a “muscular technology juggernaut straddling the entire AI hardware and software stack,” said Paul Triolo, partner and senior vice president for China at advisory firm DGA-Albright Stonebridge Group.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesHuawei has open-sourced two of its artificial intelligence models — a move tech experts say will help the U.S.-blacklisted firm continue to build its AI ecosystem and expand overseas. The Chinese tech giant announced on Monday the open-sourcing of the AI models under its Pangu series, as well as some…
WASHINGTON (AP) — A proposal to deter states from regulating artificial intelligence for a decade was soundly defeated in the U.S. Senate on Tuesday, thwarting attempts to insert the measure into President Donald Trump’s big bill of tax breaks and spending cuts.The Senate voted 99-1 to strike the AI provision for the legislation after weeks of criticism from both Republican and Democratic governors and state officials.Originally proposed as a 10-year ban on states doing anything to regulate AI, lawmakers later tied it to federal funding so that only states that backed off on AI regulations would be able to get…