Leo Schwartz

OpenAI has discussed the government taking an equity stake in the company with a range of percentages put forward, according to a person familiar with the talks, who described the discussions as preliminary. The Financial Times earlier reported that OpenAI CEO had proposed a 5% stake.In a previous white paper published in April, OpenAI had floated the idea of a public wealth fund seeded by

In early June, the U.S. Department of Justice sent a memo to its attorneys working on digital currency cases with a warning: They should expect less cooperation from the world’s largest crypto exchange, Binance, on future cases. The email came from Rachel Jones, the Justice Department’s digital ...

On Tuesday, the White House announced the launch of the first program to come out of its early June executive order on AI cybersecurity. The initiative, dubbed Gold Eagle, is a clearinghouse composed of government agencies and companies that allows them to coordinate on cyber vulnerabilities and responses.During a press briefing on Tuesday, a senior White House official lauded the

Chris Fall, the director of the Commerce Department’s Center for AI Standards and Innovation, is resigning after just three months on the job, a Commerce Department spokesperson confirmed. Axios earlier reported the news. Dr. Arvind Raman, the director of the National Institute of Standards and Technology, which houses CAISI, will serve as acting director, the spokesperson added.Originally

As debate swirls in Washington, D.C. about how to regulate open-source Chinese AI models, Treasury Secretary Scott Bessent reiterated on Tuesday that the Trump administration supports open source, but does not support the theft of intellectual property. “If we see especially that overseas models are stealing from our great companies, we have the ability to sanction them because of this theft,”

This week, Trump administration officials have taken to the airwaves and X to blast Chinese open source AI companies like Moonshot, accusing them of stealing intellectual property from the likes of Anthropic and other U.S. AI developers. The administration’s concerns aren’t just rhetoric, ...

Many of the largest U.S. tech companies signed a joint letter on Friday defending open-source AI software as the Trump administration considers possible restrictions on Chinese labs. The letter—signed by Meta Platforms, Nvidia, Microsoft and Andreessen Horowitz, along with AI startups like Reflexity and Hugging Face—argued that open-weight AI models strengthen competition and expand access to