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Bank of America (BAC.N) shares fell 5.7% intraday, marking the biggest drop since April 2025.House Minority Leader Jeffreys: If Democrats win the House election, they will prioritize artificial intelligence regulation.On September 15th, Alphabets (GOOG.O) Waymo announced the launch of its paid robotaxi service in Las Vegas, becoming the 15th U.S. city to offer its ride-hailing service. The company stated that the service will begin on Monday and will be rolled out in phases, initially deploying dozens of vehicles and planning to expand to hundreds in the future. Waymo indicated that the Las Vegas robotaxi will not initially have highway access; airport transfers and highway services will be added in later phases. The fleet is managed by Moove, which also operates Waymos vehicles in Phoenix and Miami. Currently, Waymo has over 4,000 driverless taxis in the U.S., providing over 500,000 paid rides per week. The company previously stated its goal of reaching 20 cities globally and 1 million paid rides per week this year, and is preparing for testing in markets such as London and Tokyo.Sources say Northrop Grumman, a defense contractor, has partnered with the U.S. Air Force to assemble the first complete Sentinel intercontinental ballistic missile.On September 15th, according to a Senate aide and a lobbyist familiar with the negotiations, US Senate negotiators are discussing an artificial intelligence regulatory bill that could require AI companies to prove they have taken reasonable precautions to prevent their tools from causing harm. Senators are reportedly discussing whether to grant the US Secretary of Commerce the power to require AI developers to demonstrate they have taken reasonable steps to prevent harm, the so-called "duty of care." They indicated the Secretary of Commerce might also be granted the power to send government inspectors to test companies products. It is currently unclear what measures will be considered "reasonable." The bill is still under discussion, and even if Congress passes it, its eventual enactment as law remains highly uncertain.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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