Tech, AI, and finance news coverage and analysis
While the US dollar has remained dominant for half a century despite losing gold backing, historian Barry Eichengreen argues that digital payment innovations are now eroding the network effects that sustained its supremacy, pointing toward a fragmented, multicurrency future rather than a single successor.
UN fact-finding mission officials detailed investigations into alleged war crimes in Iran, including the Minab school attack and Israeli strike on Evin prison, while highlighting severe operational constraints from internet blackouts and denied access that hamper verification of ongoing violations.
President Trump signed an executive order establishing a federal task force led by JD Vance and Andrew Ferguson to investigate alleged massive taxpayer fraud, particularly targeting Medicaid scams involving undocumented immigrants and specific schemes in Minnesota's Somali community, while defending ongoing military operations against Iran's nuclear program.
Meta is reportedly planning layoffs of up to 20% of its workforce to offset massive AI infrastructure spending, including a new $27 billion deal with Nebius, while OpenAI pursues a $14 billion private equity joint venture to accelerate enterprise adoption. The developments come as Nvidia kicks off its GTC conference under investor pressure to confirm growth targets amid Democratic opposition to chip exports to China.
Nvidia CEO Jensen Huang celebrates the 20th anniversary of CUDA while unveiling 'AI factories' as a new platform category, emphasizing how two decades of installed base growth has created an accelerating flywheel driving breakthroughs across the five layers of the AI ecosystem.
President Trump detailed recent US military strikes destroying Iranian infrastructure and mine-laying capabilities while urging allied nations to contribute to Strait of Hormuz security, alongside announcing extensive privately-funded renovations to transform the deteriorating Kennedy Center into the world's premier performing arts facility.
EU officials discuss energy security measures amid Middle East escalation and reaffirm unwavering support for Ukraine while condemning ongoing attacks on its infrastructure.
UK ministers detailed a coordinated international response to Iran's blockade of the Strait of Hormuz, including a historic oil release and high-level diplomacy, while defending decisions on military asset deployment and reaffirming support for Ukraine amid concerns over distracted allied resources.
Genentech CEO Ashley Magargee discusses navigating 2025's turbulent policy environment through a tariff exemption agreement while addressing healthcare cost drivers via PBM transparency and AI-driven drug discovery to support a record pipeline of 80 molecules.
UN High Commissioner for Human Rights Volker Türk briefed the council on severe crises in Iran, North Korea, and Venezuela, documenting over 1,300 civilian deaths in regional conflicts, decades of systemic DPRK repression with limited accountability, and ongoing arbitrary detentions in Venezuela while urging evidence preservation and inclusive peace processes.
UN officials condemned both the US and Israeli military strikes killing over 1,000 Iranian civilians and the Iranian government's killing of 7,000+ protesters, warning that external warfare exacerbates domestic repression and cannot deliver legal accountability.
UK Prime Minister Keir Starmer detailed Britain's defensive military posture in the Iran conflict, confirmed the evacuation of 92,000 nationals, and announced a five-point plan to cap energy bills and support vulnerable households while pursuing diplomatic solutions to reopen the Strait of Hormuz.