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DOJ Probes Big Banks For Alleged "Debanking" Of Clients
DOJ Probes Big Banks For Alleged "Debanking" Of Clients
The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal.
The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo. Investigators are seeking information on account closures, customer offboarding decisions, and internal records explaining why...
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May 3, 2026 / Tyler Durden
GameStop CEO Prepares Takeover Bid For eBay
GameStop CEO Prepares Takeover Bid For eBay
Three months ago, billionaire Ryan Cohen, the CEO of GameStop, told The Wall Street Journal he was eyeing a major acquisition. Fast forward to late last week, and in what appears to be an intentional leak to the same outlet, Cohen's next move may now be coming into focus: preparing an offer to buy eBay.
The WSJ cites sources who say that Cohen's GameStop has built a $12 billion position in eBay ahead of a potential offer. Notably, eBay has a market capitalization 3.8...
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Aug 3, 2026 / Tyler Durden
Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats
Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats
By Marlene Wilden of UtilityDive
The Public Utility Commission of Texas last week approved a net metering arrangement for a 260-MW AI data center co-located with a wind farm of approximately the same capacity in a case that could serve as a template for other co-located loads in the Lone Star State.
The data center is the second one planned for the site, and the developer had argued it should not be subject to the same curtailment requirements as...
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Jul 23, 2026 / Tyler Durden
White House Accuses Moonshot AI Of Distilling Anthropic Tech For K3
White House Accuses Moonshot AI Of Distilling Anthropic Tech For K3
Authored by Felix Ng via CoinTelegraph.com,
A White House official accused Moonshot AI of distilling Anthropic’s Fable AI model to develop Kimi K3, which launched last week.
In a post on X on Wednesday, White House Office of Science and Technology Policy Director Michael Kratsios alleged the Chinese AI firm developed an internal platform to distill US models at scale, using methods designed to evade detection.
“Legitimate AI distillation used to create smaller, more efficient models plays a vital role in this...
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