President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…
President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…Open
Energy Department undersecretary Darío Gil is taking a long-term view of science and technology. Why it matters: While President Trump's second term has been marked by high-drama fights over AI policy, Gil's been working behind the scenes to strengthen U.S. competitiveness in science and tech. The big picture: A familiar pattern is unfolding in AI policy. - An AI lab comes out with a frighteningly powerful model, sending officials scrambling, and states advance AI laws — which spark congressional efforts to get a federal standard in place. - Gil is trying to spearhead a different approach where the federal government plays a larger role in shaping emerging technologies before crises emerge or competitors like China gain an…
Energy Department undersecretary Darío Gil is taking a long-term view of science and technology. Why it matters: While President Trump's second term has been marked by high-drama fights over AI policy, Gil's been working behind the scenes to strengthen U.S. competitiveness in science and tech. The big picture: A familiar pattern is unfolding in AI policy. - An AI lab comes out with a frighteningly powerful model, sending officials scrambling, and states advance AI laws — which spark congressional efforts to get a federal standard in place. - Gil is trying to spearhead a different approach where the federal government plays a larger role in shaping emerging technologies before crises emerge or competitors like China gain an…Open
The scariest technology threats are usually the boring ones. Not the giant killer robots. Not the science fiction stuff. Not the dramatic movie scenes where […] Source
Fewer than 1 in 10 CEOs of large U.S. companies plan to cut jobs due to AI in 2026, according to a new survey from consultancy KPMG. Why it matters: The disruptive nature of AI is fostering significant debate over how the economy will evolve. The big picture: 9% of CEOs plan to reduce their workforce because of AI investments this year, according to the 2026 KPMG U.S. CEO Outlook Pulse Survey. - 55% expect to increase hiring in 2026 as a direct result of AI, while 36% expect no change. Zoom in: U.S. CEOs are optimistic about the potential of AI to improve their businesses over the next five to 10 years, but in the short run they've been underwhelmed by the impact, KPMG CEO Tim Walsh tells Axios. - "I would say the majority of companies…
Fewer than 1 in 10 CEOs of large U.S. companies plan to cut jobs due to AI in 2026, according to a new survey from consultancy KPMG. Why it matters: The disruptive nature of AI is fostering significant debate over how the economy will evolve. The big picture: 9% of CEOs plan to reduce their workforce because of AI investments this year, according to the 2026 KPMG U.S. CEO Outlook Pulse Survey. - 55% expect to increase hiring in 2026 as a direct result of AI, while 36% expect no change. Zoom in: U.S. CEOs are optimistic about the potential of AI to improve their businesses over the next five to 10 years, but in the short run they've been underwhelmed by the impact, KPMG CEO Tim Walsh tells Axios. - "I would say the majority of companies…Open