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U.S. lawmakers are pressing for stricter export controls to limit China’s access to advanced semiconductor manufacturing equipment, warning that existing gaps pose risks to national security. In a bipartisan letter, senior members of the House called on the State and Commerce Departments to pursue broader, countrywide restrictions in coordination with allied nations. House Select Committee […]
Elon Musk said xAI has undergone a reorganization that resulted in layoffs, as the artificial intelligence company moves to streamline operations during a period of rapid expansion. In a post on X, Musk said the restructuring was aimed at improving execution speed but required “parting ways with some people.” The changes come shortly after SpaceX […]
South Korea’s crypto exchange Bithumb said serious internal system flaws allowed an erroneous transfer of more than $40 billion in bitcoin during a promotional event last week, prompting regulatory scrutiny and market volatility. The exchange accidentally distributed about 620,000 bitcoins to customers instead of 620,000 won ($426), triggering a sharp 17% drop in bitcoin prices […]