The Securities and Exchange Commission filed fraud charges Monday against software company SolarWinds and its top security executive in a case related to a wide-reaching cyberattack in late 2020.
Why it matters: It's extremely rare for the SEC to charge a company over statements about its cybersecurity practices — even a company that has faced a cyberattack.
Sundar Pichai, CEO of Alphabet, testified in federal court Monday defending his company's multibillion dollar deals that lock in Google Search as the default on the vast majority of devices and web browsers.
Why it matters: Pichai is the highest-ranking Alphabet executive to appear in court during the company's antitrust trial.
Google has agreed to invest up to $2 billion into Anthropic, a San Francisco-based generative AI startup that recently secured $4 billion from Amazon.
Why it matters: Not only does this escalate Big Tech's proxy fight over the industry's next big platform shift, but also comes on the same day that the Biden administration unveiled an "aggressive" executive order on artificial intelligence.
Polling shared first with Axios shows huge swaths of Americans don't know about federal subsidies up to $7,500 for buying electric vehicles.
Driving the news: Just 22% know a "great deal" or "good amount" about the credit, which was expanded — with strings attached — under the 2022 climate law.
The Biden administration's long-awaited executive order on artificial intelligence will require developers of the most powerful AI systems to share critical testing information with the government.
What's happening: President Biden is expected to sign the AI executive order Monday afternoon at a White House event.
Mutual fund giant Fidelity wrote down the value of its shares in Twitter/X by another 8% during the month of September, according to a new disclosure.
By the numbers: Fidelity, which contributed over $300 million to Elon Musk's $44 billion takeover, decreased the value of its investment by nearly 65% over the first eleven months.
