Category: AP

Nov 21

Bank makes hundreds of millions in loans available to assist Helene recovery in North Carolina

Article content CHARLOTTE, N.C. (AP) — Truist Financial Corporation has announced that it is making hundreds of millions of dollars in loans available to residents, businesses and local governments affected by Hurricane Helene in North Carolina. The Charlotte-based bank said in a news release Wednesday that it will lend more than $650 million and offer […]
Nov 21

SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

Article content Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies, will step down from his post on January 20. Gensler pushed for changes that he said protected for investors, but the industry and many Republicans bristled at what they saw as overreach. President-elect Donald Trump had promised during […]
Nov 20

US gathers allies to talk AI safety, Trump’s vow to undo Biden’s AI policy overshadows their work

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Matt O’brien Published Nov 20, 2024  •  2 minute read Article content President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term. What that actually means for […]
Nov 19

Founder of artificial intelligence company used by schools in Los Angeles, NYC, Atlanta is arrested

Article content NEW YORK (AP) — The founder of an artificial intelligence company that supplied school districts in Los Angeles, New York and Atlanta with a chatbot to create learning plans for students was arrested on fraud charges Tuesday, accused of spending investor money on herself as her company spiraled into bankruptcy. Joanna Smith-Griffin, 33, […]
Nov 16

McDonald’s is investing $100 million to bring customers back after E. coli outbreak

Article content McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers. The investments include $65 million that will go directly to the hardest-hit franchises, the company said. The U.S. Centers for Disease Control and Prevention […]