economy

The Pentagon's chief technology officer, Emil Michael, has expressed opposition to the U.S. government taking stakes in artificial intelligence companies, emphasizing the importance of keeping government out of the AI sector amid concerns about rapid advancements.

Uber and Costco have significantly expanded their partnership, allowing Uber Eats to deliver from nearly 600 Costco locations across 47 states, which could enhance customer access and drive sales for both companies.

Anthropic's proposal for third-party safety evaluators in AI development raises concerns about their limited authority, potentially undermining the effectiveness of risk management in the rapidly evolving AI landscape. This could impact investor confidence in AI companies like Anthropic and OpenAI, as the lack of enforcement power may lead to unchecked advancements in AI technology.

Intel and SK Hynix are in preliminary discussions to manufacture memory chips in the U.S., which could significantly enhance Intel's foundry business and support U.S. semiconductor manufacturing efforts.

Binance is expanding its Capital Connect platform to individual investors with significant assets, allowing them to access professional investment strategies previously reserved for institutions. This move positions Binance to compete directly with traditional financial institutions for high-net-worth clients.