The Commerce Department is moving ahead with draft rules to expand federal oversight of AI chip exports, but President Trump opposes any approach that mirrors former President Biden's restrictions, a senior White House official told Axios.
Why it matters: The draft regulations would give the government sweeping control over AI chip exports abroad as companies like Nvidia and AMD seek to enter more markets.
The Trump administration is reportedly weighing rules that would require foreign buyers to obtain licenses from the U.S. government to buy American AI chips.
Why it matters: The AI chips sector has been flourishing as tech companies ramp up their spending on data centers and new AI models, underpinning the broader market.
House Energy and Commerce Committee Republicans advanced a kids' online safety package with guardrails for AI chatbots at a markup Thursday after bipartisan negotiations broke down.
The big picture: House Republicans moved legislation that Democrats say misses the mark on protecting kids online and doesn't align with bipartisan Senate-passed proposals.
Why it matters: While the new index from Claude's maker shows "limited evidence" that AI has affected joblessness so far, the effort enters a larger debate among economists over how a possible "AI labor doom and gloom" scenario should be tracked in the first place.
OpenAI on Thursday released an updated model powering ChatGPT, along with tools that let the chatbot work directly in Excel and Google Sheets.
Why it matters: The update keeps the pressure on rivals like Google and Anthropic in the fast-moving race to add AI features, especially for the workplace.
Rachael Horwitz has joined fintech company Airwallex as senior vice president, global communications and public affairs.
Why it matters: The global payments company, which is valued at $8 billion, is eyeing a potential IPO and beefing up its communications function in the meantime.
Roughly 1 in 4 corporate affairs and communications leaders say they will dedicate more than 10%of their budget to AI tools, but a majority (88%) aren't prepared to lead the AI transformation for their function, according to a new study by BCG.
Why it matters: Finding the money is just the first of many steps for implementing AI.
Corporate giantson Thursdayunveiled a $100 million effort to stake projects that cut climate "superpollutants" like methane, black carbon and refrigerant gases.
Why it matters: These substances are "responsible for roughly half of all climate warming to date and can contribute to harmful air pollution," per the Superpollutant Action Initiative.
JD Vance headlined a fundraising dinner Tuesday night in the D.C. suburb of McLean, Va., that raked in a massive $6 million — making it his most lucrative event since becoming vice president.
Donald Trump Jr. was the event's special guest.
Why it matters: Vance, the Republican National Committee's finance chair, is raising big bucks ahead of the midterm election and a likely 2028 presidential bid.
A super PAC affiliated with OpenAI went 3-for-3 in yesterday's GOP primaries, helping Republican candidates win their House races with investments of $500,000 or more each.
Why it matters: OpenAI money has entered the chat.
