JPMorgan Chase CEO Jamie Dimon stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar. Why it matters: With investors increasingly anxious about whether AI revenue can keep pace with spending, the head of the world's largest bank endorsed a capital expenditure wave projected to top $1 trillion next year. - The latest Big Tech earnings reports last week made clear that the massive buildout is propping up not only the stock market, but U.S. economic growth writ large. - "The technology is so powerful, it's worth the trillion-dollar investment," Dimon said at an Anthropic event unveiling new partnerships and AI agents tailored to financial services. Zoom in: Dimon and…
President Donald Trump’s deals with drugmakers requiring many of their U.S. prescription prices to drop could save the economy $529 billion over the next decade
The Justice Department is seeking the names of every person who worked in the 2020 election in Georgia’s Fulton County, a Democratic stronghold Donald Trump has accused of widespread voter fraud he says cost him victory against Joe Biden in the state t...
A high-level Trump administration official informed Iran on Sunday of the impending U.S. operation to "guide" ships through the Strait of Hormuz and warned Tehran not to interfere, according to a U.S. official and a source with knowledge. Why it matters: The private message suggests the White House wanted to try to mitigate the risk of potential escalation. But despite the warning, the Iranians launched a string of attacks on U.S. Navy ships, commercial vessels, and the United Arab Emirates. State of play: On Tuesday, Secretary of Defense Hegseth and Joint Chiefs chairman Gen. Dan Caine downplayed the Iranian attacks and claimed the ceasefire remained in place. - Nevertheless, some U.S. and Israeli officials believe President Trump…
The University of Southern California wants to integrate artificial intelligence into fields like health care and the arts. Other universities are also using donations to focus more on A.I.