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The Latest Breaking News from Robert Weissman

OpenAI completes conversion to for-profit business after lengthy legal saga

Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology

The Guardian - US

OpenAI says it has new for-profit business structure, adjusts partnership with Microsoft

OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation

The Independent UK

After Trump sacks BLS boss, Democrats fear these seven words the most - Roll Call

President Trump's declaration that "we need people that we can trust" after his firing of the BLS commissioner has left Democrats shaken.

Roll Call

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Media Watch: How has the US reported on Donald Trump's visit to Scotland?

This week we dive into how the American media has reported on Donald Trump's visit to Scotland.

The National (Scotland)

Mattel adding ChatGPT to toys would cause ‘real damage’ to children, experts warn

Collaboration between Barbie maker and OpenAI comes amid concerns about chatbot psychosis

The Independent UK

Elon Musk is leaving Trump. Or is he? What’s next for Doge’s ‘authoritarian’ wrecking ball?

The world’s wealthiest man is ‘significantly’ stepping back from the White House, but the cost-cutting force isn’t going anywhere, Alex Woodward reports

The Independent UK

Lutnick's "5-star rating" for conflicts

“Our system was never designed for this level of conflict issues,” ethic watchdogs say

Salon

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Tech moguls who invested in Greenland mining also gave Trump campaign $243m: report

Troubling links tie tech money to both Greenland and Trump. The tech industry desperately needs the rare earth minerals on the island, while Trump repeatedly threatens to take over the territory

The Independent UK

Trump donors eye potential bonanza if US succeeds with Greenland land-grab

Ethical doubts over role of campaign backers and investors with financial ties to president worth hundreds of millions

The Guardian - US

Trump signs order making independent regulators answerable to White House

Executive power grab would affect Securities and Exchange Commission and Federal Trade Commission

The Guardian - US

Senate Democrats search for common ground with Kennedy - Roll Call

Some Senate Democrats are offering tentative support to Robert F. Kennedy Jr.’s advocacy for better nutrition and health.

Roll Call

Elon Musk's lawsuit could be the least of OpenAI's problems—its planned conversion will cost a fortune

The price tag for shedding its nonprofit shell could run into the tens of billions of dollars.

Fortune

Elon Musk Revealed to Be Funding Fake Kamala Facebook Ads Full of False Claims

Ads that look as though they're from the Harris campaign, but completely misrepresent Vice President Kamala Harris' stances and policies, have begun circulating on social media after being published by a "dark money network" funded by Elon Musk.

Latin Times

Trump hikes Mar-a-Lago membership to $1m, raising concerns of selling access

Four new spots at his resort have opened at a 43% spike in a move seen as buying political influence

The Guardian - US

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Roll Call

Federal election laws not ready for deepfakes, experts warn

“It’s the Wild West right now,” one says of the landscape, where operatives and bad actors can exploit existing gaps using generative AI.

The Independent UK

FEC moves toward potentially regulating AI deepfakes in campaign ads

The Federal Election Commission has begun a process to potentially regulate AI-generated deepfakes in political ads ahead of the 2024 election, a move advocates say would safeguard voters against a particularly insidious form of election disinformation

Roll Call

FEC deadlocks on whether to govern deepfake campaign ads - Roll Call

FEC was deadlocked on new rules for AI-generated deepfake campaign ads, with several commissioners saying the panel lacks jurisdiction.

Salon

Tenn. GOP: We are "just beginning"

Republicans are trying to cash in on what critics have called a blatantly anti-democratic and authoritarian vote

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Salon

"War profiteering" Chevron's record gain

"It has price-gouged consumers in plain sight and it's going to get away with it," consumer advocate says

Salon

New WH chief is "health care profiteer"

"Jeff Zients has become astonishingly rich by profiteering in healthcare," watchdog group warns

Tribune News Service

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Roll Call

FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

The Guardian - US

Amazon agrees to buy Roomba maker iRobot for $1.7bn

Acquisition part of Amazon’s bid to accelerate its growth beyond retail, but concerns raised about market power of Bezos firm

WEKU

Amazon is buying Roomba vacuum maker iRobot for $1.7 billion

iRobot is most famous for the circular-shaped Roomba vacuum, which would join voice assistant Alexa and Ring security cameras among smart home features offered by Amazon.

Salon

House votes down lowering military costs

"The American people are on to the racket and mobilizing to demand a reallocation of funding"

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