Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average

Trump Signs AI 'Cyber Defense' Executive Order Authored by Jacob Burg via The Epoch Times, AI companies would be required to submit their frontier models on a voluntary review basis before public releases. President Donald Trump signed an executive order on June 2 intended to address cybersecurity threats posed by artificial intelligence (AI) technology and the new frontier models being released by major industry players. Signed in private, the order allows some AI firms to submit their cutting-edge frontier models to a voluntary government review 30 days before a full public release. That would...

Regulators Circle StanChart After CEO's AI Layoff Comments Spark Uproar It has been a tumultuous week for Standard Chartered CEO Bill Winters. Winters appeared out of touch with the growing anxiety surrounding mounting white-collar AI-related job losses. He described the bank's AI adoption push as "not cost-cutting," but rather as "replacing lower-value human capital with financial and investment capital." Such language ignited a firestorm for the CEO and the bank, and by the end of the week, regulatory scrutiny had descended on the firm. Reuters reports that authorities in Hong Kong and...

Tesla Made $573 Million Selling To Musk’s Other Companies Last Year Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies. A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider. That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included...