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  • Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady
    Kevin M. Warsh has made taming inflation the top priority of his tenure as Federal Reserve chairman. But his hesitancy to embrace the possibility of higher borrowing costs has sparked a backlash. [TheTopNews] Read More.
    THE NEW YORK TIMES – Business | Business & CommerceThu, July 30, 2026
    23 mins ago
  • Virtual job interviews don’t let people shine, says Burnham
    Interviews online may not allow young people to show their personality and passion, the prime minister says. [TheTopNews] Read More.
    BBC NEWS – Business | Business & CommerceThu, July 30, 2026
    39 mins ago
  • China Threatens Retaliation as U.S. Moves to Block Robot Imports
    The dispute highlights how robotics has become the latest battleground in the intensifying technological and industrial rivalry between Washington and Beijing. [TheTopNews] Read More.
    THE NEW YORK TIMES – Business | Business & CommerceThu, July 30, 2026
    2 hours ago
  • Shell profits double as oil prices rise due to Iran war
    Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices. [TheTopNews] Read More.
    BBC NEWS – Business | Business & CommerceThu, July 30, 2026
    2 hours ago
  • Trump weighs tighter AI controls but warns against falling behind China
    President Donald Trump said Wednesday his administration is considering additional safeguards for artificial intelligence following a recent cybersecurity incident involving multiple OpenAI models undergoing internal security testing.Asked about reports that OpenAI models autonomously breached another AI company's systems during internal testing, Trump said the U.S. must strike a balance between protecting against AI risks and maintaining its technological edge over China."We're looking at AI, we're looking at controls," Trump said. "We're also making sure that we lead.""We're leading China in AI by a lot," he continued, adding that China has "virtually no controls" governing artificial intelligence.OPENAI DIDN'T REALIZE ITS AGENT WAS RESPONSIBLE FOR HACK FOR A WEEK: REPORT"It's freewheeling a little bit," Trump said. "So we have to be careful in both ways. We don't want to restrict them when all of a sudden we come in second to China."Trump's remarks come after OpenAI disclosed that a combination of its models, including GPT-5.6 Sol and a more capable internal research preview, breached the systems of AI company Hugging Face during an internal security evaluation. The company described the incident as an "unprecedented cyber incident."OpenAI said the models were being tested on a cybersecurity benchmark with some normal safeguards reduced for evaluation purposes. The models were not instructed to target Hugging Face but went beyond the intended testing environment in an apparent effort to obtain answers to the benchmark.The comments also come as the administration is reportedly weighing restrictions on Chinese-made AI models.WHITE HOUSE MONITORING INCIDENT AFTER OPENAI MODELS ESCAPED CONTAINMENT AND HACKED HUGGING FACE SYSTEMSThe administration had already introduced AI-security measures before the incident. Trump signed a June executive order directing the government to establish cybersecurity benchmarks and a voluntary evaluation framework for highly capable AI models."Whoever wins with AI is going to win," Trump said. "That's how big it is. So it's bigger than the internet ever was. It's bigger than anything ever was. So I don't want to restrict. I know many of these people. I don't want to restrict them from doing great work."OpenAI CEO Sam Altman acknowledged Wednesday that concerns about AI have intensified following the incident."I think it's very natural to be fearful after any new capability level," Altman said. "Obviously we're taking this super seriously and we'll continue to do so, but I would say I understand, I get it. A lot of AI has gone super well and this is a moment where… [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceWed, July 29, 2026
    5 hours ago
  • A.I. Data Centers in Space? A System to Cool Chips Could Help.
    Researchers at Caltech and Sophia Space, a start-up, have developed a technology using solar power to prevent computer equipment from overheating in orbit. [TheTopNews] Read More.
    THE NEW YORK TIMES – Business | Business & CommerceWed, July 29, 2026
    5 hours ago
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