Week in Review: Google loses a major antitrust case

California's report, commissioned by Governor Newsom, warns that without effective AI governance, the technology could exacerbate nuclear and biological threats, emphasizing the urgent need for regulation. It advocates for enhanced transparency and independent verification of AI systems to mitigate risks, suggesting a balanced approach that promotes innovation while ensuring public safety. Need More Context? 🔎

In a 68-30 vote, the Senate passed the GENIUS Act, establishing a federal regulatory framework for stablecoins, with bipartisan support including 18 Democrats. The bill's passage, despite earlier opposition, is seen as a win for the crypto industry, which has heavily influenced political action, although critics like Senator Elizabeth Warren raised concerns over regulatory adequacy. Need More Context? 🔎

In response to escalating tensions with Israel, Iran is reducing internet access for civilians, aiming to disconnect entirely by Tuesday night, as part of a strategy to limit cyberwarfare capabilities. The Iranian government has also targeted popular messaging apps, claiming they are being used for espionage, while reports of significant internet outages and cyberattack increases have emerged amid the conflict. Need More Context? 🔎

OpenAI is considering filing an antitrust complaint against Microsoft, its largest investor, over potential violations in their contract, amidst tensions related to OpenAI's shift to a public benefit corporation. The dispute includes negotiations on Microsoft's investment terms and the future equity stake, with criticisms arising from figures like Elon Musk and Meta Platforms regarding OpenAI's profit motives. Need More Context? 🔎

The Trump Organization has announced plans to launch a $499 "Made in America" T1 phone later this year, with production claims in Alabama, California, and Florida. However, skepticism surrounds its feasibility, with speculation that it may be a white-label device produced by a Chinese manufacturer, as similar U.S.-sourced devices have significantly higher price points. Need More Context? 🔎

Earlier this year, the iconic 12-foot Twitter sign was auctioned for $34,000 and subsequently blown up in the Nevada desert by Ditchit, a startup aiming to rival platforms like Facebook Marketplace. The stunt, framed as a bold marketing move, involved extensive logistics, with fragments of the sign now set for sale on their app, with proceeds benefiting a nonprofit supporting startups. Need More Context? 🔎