Bitcoin's post-election boom

December 3, 2024

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technology

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Bipartisan bill would study AI's impact on banking, housing

A new bill with bipartisan support would commission a study into the use of artificial intelligence (AI) in banking and housing, but lawmakers believe the new technology will allow for algorithmic price fixing and commercial We are sounding the alarm over the above illegal activities. The AI Act of 2024, backed by the top Democrats and Republicans on the House Financial Services Committee, would consider how banks use AI in real estate valuations.

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US issues new restrictions on chip manufacturing exports to China

The Biden administration on Monday imposed new restrictions on exports of certain semiconductor chips and equipment to China, marking the Biden administration's latest crackdown to curb competitive advances in the country's semiconductor manufacturing. New export controls put more than 100 Chinese chip-making tool makers on a trade restriction list, barring U.S. companies from sending equipment without certain conditions.

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Sanders criticizes defense spending: 'Elon Musk is right'

Sen. Bernie Sanders, I-Vt., criticized defense spending in a post on social platform X on Sunday, saying tech billionaire Elon Musk is “right.” “Elon Musk is right. The Department of Defense, with an $886 billion budget, has failed seven consecutive audits. Billions of dollars are missing,” Sanders said in the post. Ta. “Last year, only 13 senators voted against the military-industrial complex and a defense budget riddled with waste and fraud.

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Message from LGBT TECH

New data: Young voters sound the alarm on KOSA

New data collected just before Election Day confirms that young voters are concerned that the Kids Online Safety Act (KOSA) poses significant risks of censorship and harms marginalized communities. . learn more.

The Refresh

news we reportedtThe intersection of technology and other topics:

Apple accused of spying on employees' personal devices

An Apple employee has accused the iPhone maker of monitoring its employees. Personal devices and iCloud accounts Through software that allows businesses to access data; Reuters reported.

Fidelity Marks Up X Stake

Fidelity increased its stake in X as follows: 32.4% But the social media company is still not worth the full $44 billion that Elon Musk acquired in 2022. Axios reports.

About our radar

Upcoming news themes and events we're watching:

Civic Tech Nonprofit Organization code for america and Beek Center for Social Impact + Innovation Georgetown University will host FormFest, a virtual event on Return of Government Form Design and Service Delivery, in Washington, D.C., on Wednesday from 12:00pm to 5:00pm.

Message from LGBT TECH

New data: Young voters sound the alarm on KOSA

What other people are reading

Two important stories about The Hill today:

Special counsel opposes dismissal of Hunter Biden's tax case after pardon

Special Counsel David Weiss rejected suggestions in court filings that he selectively prosecuted Hunter Biden, although he also opposed dismissal… read more

5 things to know about Kash Patel

President-elect Trump on Saturday nominated Kash Patel, a longtime ally, to head the FBI, a man who has promised to reform the agency. While doing… read more