Mubadala is 'investing in AI and advanced tech to become a leading long-term global investor' - UAE Embassy in Washington, DC

If market pressures keep building, Anthropic “could reasonably decide it is better to stay private and wait for a better opportunity,” one portfolio manager says.

Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence.

Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized. Among the most recent objections reportedly included Wells Fargo, Arm Holdings and Intuit, adding their names to Microsoft and Google’s parent company Alphabet in the last week. Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE.

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, according to a Friday report by Forbes. IRS Criminal Investigation Chief Jarod Koopman said the agency aims to introduce the revised program before December, with a target of resolving cases within 120 days of taxpayers completing the required submission process. The overhaul would reportedly not establish a separate disclosure process for digital assets. Koopman told attendees at the UCLA Extension Tax Controversy Conference that the IRS would handle digital assets through the same voluntary disclosure procedures used for other forms of tax noncompliance. The IRS official also indicated that penalties under the revised program would be substantially lower than those currently imposed, although he did not provide specific figures. The agency is considering allowing taxpayers to settle outstanding liabilities through installment plans or offers in compromise.

As she faces a tough midterm race, the five-term GOP senator is touting her successful lobbying effort against certain tariffs on Canada

The new documentary "You Can See Everything" about Elizabeth Holmes prompted some questions about power of attorney privileges.