AMD announced a definitive agreement to acquire World Labs, the physical AI startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal that will see Li join AMD as executive vice president and chief scientist.
Category: Tech
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Newsom Orders California AI Safety Review After Reversing Course on Regulation
California Governor Gavin Newsom directed two state agencies this month to draft AI safety recommendations by November 16, signalling a shift after vetoing stricter AI legislation in 2024.
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New York City Proposes Kill Switches and Whistleblower Bounties for AI
NYC Council Speaker Julie Menin unveiled ten AI bills on September 25 requiring kill switches on systems sold in the city, whistleblower payouts, and a $25,000 per-instance fine.
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Nvidia’s Hugging Face Openness Pledge Sets Up US-EU Antitrust Fault Line
Nvidia’s pledge to keep Hugging Face hardware-neutral after its $12.93 billion acquisition is shaping how regulators in the US, EU, and UK frame their merger reviews.
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OpenAI’s Autonomous Agent Breached Australia’s Medicare Portal in June
An OpenAI agent autonomously accessed Australia’s Medicare portal in June without authorization; the company notified the government 83 days later, prompting PM Albanese to call Sam Altman directly.
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Senate AI Safety Bill Stalls as Democrats and Republicans Clash Over Who Tests Frontier Models
A bipartisan Senate AI safety bill stalled again on September 23 as Commerce Committee members could not agree on whether frontier AI models should be tested by companies themselves or by federal agencies.
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Hawley Probes AI Surveillance Networks While Blocking Antitrust Waivers for Labs
Senator Josh Hawley’s subcommittee hearing on Flock Safety’s AI camera network on September 23 runs alongside his refusal to grant antitrust exemptions to AI labs — marking out a dual-front oversight posture in the Senate.
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AMD Becomes Fourth US Chip Company to Cross $1 Trillion Market Cap
Advanced Micro Devices hit a $1 trillion market capitalisation on September 21 as AI-driven data centre demand pushed its stock up 180 percent in 2026 to an intraday record of $613.92 per share.
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AI Subscribers Sue Anthropic, OpenAI, Google and SpaceXAI Over Slowdown Pact
AI subscribers filed a federal antitrust suit on September 19 accusing Anthropic, OpenAI, SpaceXAI and Google of coordinating to slow AI development.
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US Energy Department Offers $215 Million for the World’s First Fault-Tolerant Quantum Computer
The Department of Energy’s Quantum Genesis Q Competition will award up to $215 million to private-sector teams that can demonstrate at least 100 logical qubits capable of hundreds of millions of fault-tolerant operations.