Author: arthursheikin@gmail.com

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldWall Street is warning that a little-publicised provision in Donald Trump’s budget bill that allows the government to raise taxes on foreign investments in the US could upend markets and hit American industry.Section 899 of the bill that the House of Representatives passed last week would allow the US to impose additional taxes on companies and investors from countries that it deems to have punitive tax policies. It could raise taxes on a wide range of foreign entities, including US-based…

[ad_1] 2025-05-29T20:11:15Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. A federal appeals court temporarily halted a ruling invalidating President Donald Trump’s tariffs. The decision follows a lawsuit that challenges Trump’s use of emergency powers on trade policy. The administration says it may seek emergency relief from the Supreme Court. A federal appeals court handed the Trump administration a temporary legal…

[ad_1] At Microsoft’s Build developer conference last week, the company’s head of AI security accidentally leaked details of its partnership with Walmart.The leak happened when employees protesting Microsoft’s selling products and services to the Israeli military interrupted a presentation at the conference. The executive was streaming and switched over to a Teams message saying Walmart was ready to “rock and roll” on Microsoft’s Entra Web and AI Gateway services.Walmart and Microsoft have for years boasted of a partnership, but the companies don’t disclose much about the relationship.A separate leaked document viewed by Business Insider shows just how big of a…

[ad_1] AI dev platform Hugging Face continued its push into robotics on Thursday with the release of two new humanoid robots. The company announced a pair of open source robots, HopeJR and Reachy Mini. HopeJR is a full-size humanoid robot that has 66 actuated degrees of freedom, or 66 independent movements, including the ability to walk and move its arms. Reachy Mini is a desktop unit that can move its head, talk, listen, and be used to test AI apps. Hugging Face doesn’t have an exact timeline for shipping these robots. The company’s co-founder and CEO, Clem Delangue, told TechCrunch…

[ad_1] Black Forest Labs, the AI startup whose models once powered the image generation features of X’s Grok chatbot, on Thursday released a new suite of image-generating models — some of which can both create and edit pics. The most capable of the models in the new family, called Flux.1 Kontext, can be prompted with text and, optionally, a reference image to create new images, writes Black Forest Labs in a blog post. “The Flux.1 Kontext models deliver state-of-the-art image generation results with strong prompt following, photorealistic rendering, and competitive typography — all at inference speeds up to 8x faster…

[ad_1] Delaware’s attorney general is hiring an investment bank to advise on OpenAI’s for-profit conversion, the Wall Street Journal reported on Wednesday. The independent evaluation could prolong the transition, or gum up OpenAI’s plans even further. OpenAI’s conversion will help it attract new investment and eventually go public, but first, the startup needs to secure approvals from state regulators. Although OpenAI and Microsoft have hired their own investment banks to advise on the deal, Delaware’s attorney general is now seeking an independent evaluation of the equity that OpenAI’s nonprofit will receive. Regulators seem to be zeroing in on a key…

[ad_1] Goldman Sachs is battening down the hatches as it braces for a wave of volatility resulting from disruptive policy changes in Washington.”I would say, at the moment, we’re relatively defensively positioned,” the bank’s President and COO, John Waldron, said at a conference on Thursday. “We’ve got heavy liquidity. We’ve got significant capital buffers. And we’re running more muted risk in certain and important pockets in the firm.”Trump’s tariffs and trade war pronouncements have roiled markets in recent weeks, exposing Wall Street to more stressors than many traders and dealmakers anticipated when the former New York businessman returned to power…

[ad_1] Perplexity, the AI-powered search engine gunning for Google, on Thursday released Perplexity Labs, a tool for subscribers to Perplexity’s $20-per-month Pro plan that can craft reports, spreadsheets, dashboards, and more. Perplexity Labs is available on the web, iOS, and Android, and coming soon to Perplexity’s apps for Mac and Windows. “Perplexity Labs can help you complete a variety of work and personal projects,” Perplexity explains in a blog post. “Labs is designed to invest more time — 10 minutes or longer — and leverage additional tools [to accomplish tasks], such as advanced file generation and mini-app creation.” Labs, which arrives…

[ad_1] DeepSeek’s updated R1 reasoning AI model might be getting the bulk of the AI community’s attention this week. But the Chinese AI lab also released a smaller, “distilled” version of its new R1, DeepSeek-R1-0528-Qwen3-8B, that DeepSeek claims beats comparably-sized models on certain benchmarks. The smaller updated R1, which was built using the Qwen3-8B model Alibaba launched in May as a foundation, performs better than Google’s Gemini 2.5 Flash on AIME 2025, a collection of challenging math questions. DeepSeek-R1-0528-Qwen3-8B also nearly matches Microsoft’s recently released Phi 4 reasoning plus model on another math skills test, HMMT. So-called distilled models like…

[ad_1] CNN  —  A federal appeals court has paused Wednesday night’s ruling from the Court of International Trade that blocked President Donald Trump’s tariffs. The United States Court of Appeals for the Federal Circuit’s ruling restores Trump’s ability to levy tariffs using the emergency powers he declared earlier this year. The appeals court also ordered that both sides provide written arguments on the question of the blocking of Trump’s tariffs, to be filed by early next month. The pause adds to the confusion and uncertainty swirling around Trump’s tariffs, which have been a key pillar of his economic policy. The…