Sriram Krishnan , a top White House adviser on artificial intelligence, is stepping down from the post. A former Andreessen Horowitz partner, Krishnan was tapped by President Donald Trump to help shape AI policy during his second term. He was a key partner in the administration’s AI action plan, including policy initiatives and international diplomacy, as part of efforts to ensure “American AI dom...
Sriram Krishnan , a top White House adviser on artificial intelligence, is stepping down from the post. A former Andreessen Horowitz partner, Krishnan was tapped by President Donald Trump to help shape AI policy during his second term. He was a key partner in the administration’s AI action plan, including policy initiatives and international diplomacy, as part of efforts to ensure “American AI dominance,” White House AI and crypto czar David Sacks said in a social post . Krishnan will continue working with the White House as an outside adviser, Sacks said. The departure announcement follows a series of initiatives by the Trump administration to shape the future of AI. “After a break, I’ll be working on helping tackle some of the large challenges facing America on AI (more on that later),” Krishnan said in his own post announcing his departure. Trump signed an executive order on Tuesday outlining a hands-off approach to cybersecurity threats raised by artificial intelligence , calling on developers to give the US government voluntary access to AI models. On Friday, Trump told US national security agencies to prioritize working with more than one AI provider, following a feud between the Pentagon and Anthropic PBC , which until recently was the only vendor approved for classified military use. Read More: Andreessen Horowitz’s Rising Influence Over Trump-Era AI Policy In May, Krishnan was part of the team that helped Alphabet Inc. ’s Google, Microsoft Corp. and xAI agree to give the US government early access to their AI models to assess the systems’ capabilities and improve their security before public release. “After leaving behind his immensely successful private sector career, Sriram has been a critical asset for the White House and President Trump’s push to cement American dominance in technology and innovation,” White House spokesperson Kush Desai said Saturday. Krishnan’s departure was reported earlier by The Information and the Washington Post.
(Bloomberg) -- Sriram Krishnan, a top White House adviser on artificial intelligence, is stepping down from the post.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpac...
(Bloomberg) -- Sriram Krishnan, a top White House adviser on artificial intelligence, is stepping down from the post.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PA former Andreessen Horowitz partner, Krishnan was
US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation Authored by Naveen Athrappully via The Epoch Times, The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees. The notice relates to excessive ...
US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation Authored by Naveen Athrappully via The Epoch Times, The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees. The notice relates to excessive compensation and excess parachute payments, the IRS said in a June 5 statement. Parachute payments are made to key employees when they are terminated or when the business undergoes a merger or acquisition. An excess parachute payment is any such payment that exceeds three times an employee’s average annual compensation for the most recent five years. Section 4960 of the Internal Revenue Code imposes an excise tax on any nonprofit or tax-exempt organization paying an employee more than $1 million in remuneration in a tax year or an excess parachute payment, according to the notice. The new rule changes tax applicability regarding excessive compensation. Prior to the One Big Beautiful Bill Act, taxes on such payments were applicable to a tax-exempt organization’s five highest-compensated employees for a tax year whose compensation exceeded $1 million. But under the new rule, the excise tax is applicable to any employee whose compensation exceeds $1 million in a tax year beginning after Dec. 31, 2025. The requirement of being among the five-highest compensated employees has been eliminated. The rule is also applicable to any former employee who was a top-five compensated employee exceeding $1 million for any tax year between Dec. 31, 2016, and Dec. 31, 2025. There is no change to taxation on parachute payments. Such payments will continue attracting taxes as per existing rules. The updates also provide certain exceptions regarding people offering volunteer services to tax-exempt organizations. IRS Chief Executive Officer Frank J. Bisignano said the latest rule “strengthens the...
After living in the Argentina idol’s shadow, the 39-year-old star of 2022 is still capable of a final glorious chapter Lionel Messi in Qatar felt like the perfect story. It was the great finale. He is doomed always to be compared with Diego Maradona and, placed alongside a life of operatic ups and downs, of injury and addiction, drugs bans and organised crime, the highest highs and the lowest lows...
After living in the Argentina idol’s shadow, the 39-year-old star of 2022 is still capable of a final glorious chapter Lionel Messi in Qatar felt like the perfect story. It was the great finale. He is doomed always to be compared with Diego Maradona and, placed alongside a life of operatic ups and downs, of injury and addiction, drugs bans and organised crime, the highest highs and the lowest lows, his narrative always seemed a little flat: a kid was good at football, and then was consistently good at it for two decades, winning title after title. Yes, there were tears and frustrations, moments of doubt, but he wasn’t nearly drowning in a cesspit, shooting at journalists with an airgun or using a fake penis to evade the drugs testers. Qatar offered at least a degree of dramatic intrigue. Club success evidently wasn’t enough. Messi was driven. He had overcome his natural reserve to become the true leader of the team while winning the Copa América in Brazil the previous year. He gave team talks. When, giving a TV interview after the quarter‑final win over the Netherlands he snapped at Wout Weghorst: “ Que mira, bobo ?” – what are you looking at, idiot? – it was celebrated as the quiet man coming out of his shell, albeit with an oddly childish phrase. Could the Argentinian finally lift the trophy in what was assumed to be his final World Cup? In the knockout stage, it felt every game could be his last; his genius and its apparent fragility seemed a constant reminder of mortality. Continue reading...
$10,000 dropped into the iShares Asia 50 ETF (NYSEARCA:AIA) on the last trading day of 2025 was worth roughly $15,267 by the close on June 3, 2026. That is the kind of half-year a US large-cap investor doesn’t get out of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in a calendar year, let alone five ... $10,000 in Asia’s Biggest 50 Stocks Became $15,267 in Five Months: Here’s Why
$10,000 dropped into the iShares Asia 50 ETF (NYSEARCA:AIA) on the last trading day of 2025 was worth roughly $15,267 by the close on June 3, 2026. That is the kind of half-year a US large-cap investor doesn’t get out of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) in a calendar year, let alone five ... $10,000 in Asia’s Biggest 50 Stocks Became $15,267 in Five Months: Here’s Why
Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform well if the artificial intelligence boom turns into a credit bust. While prices and valuations on bonds aren’t yet frothy, the market will undoubtedly reach those levels in the coming months or years as technology companies pour trillions of dollars into AI, said Robert Cohen , portfo...
Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform well if the artificial intelligence boom turns into a credit bust. While prices and valuations on bonds aren’t yet frothy, the market will undoubtedly reach those levels in the coming months or years as technology companies pour trillions of dollars into AI, said Robert Cohen , portfolio manager at DoubleLine. Investing in debt tied to AI is difficult because many of the securities for sale now will not mature for decades, when current technology may be obsolete. Data centers face a heightened risk of overbuilding because the properties take a long time to construct and many projects are launching at once, Cohen said. “You have to think about what credit will survive a deep cycle,” Cohen said, speaking at the Bloomberg Global Credit Forum on Wednesday. “You want credits that either through structure or just a very strong balance sheet will survive.” At the same time, companies are flooding the market with so much debt that money managers cannot afford to ignore them. The big US tech firms known as hyperscalers have sold more than $155 billion of unsecured bonds globally, already up more than 45% from their entire issuance last year, according to a May 21 report by Barclays. And there’s additional debt beyond hyperscaler notes. This week alone, Hut 8 Corp., a data center company, sold around $4 billion of high-grade bonds to fund a project in Texas, while a $36 billion bond sale to purchase chips for Anthropic, an AI model developer, is moving closer to completion . Plenty more borrowing is coming. Bloomberg Intelligence estimates that companies will spend around $5 trillion on capital expenditure for AI over the next five years, much of which will come from debt. Oaktree invests as if there could potentially be speculative excess in the future, even if it doesn’t know whether there will be. The market is in the early stages of data center financing, sai...
Semiconductor stocks took a hit this week. The selling began with Broadcom , whose latest quarterly report lacked the wow factor investors had hoped for. That was enough to pull much of the group lower, from Nvidia on down, after a stretch in which chip stocks had run to record highs. Advanced Micro Devices (NASDAQ: AMD) got swept up in the downdraft, slipping from the all-time high it set in earl...
Semiconductor stocks took a hit this week. The selling began with Broadcom , whose latest quarterly report lacked the wow factor investors had hoped for. That was enough to pull much of the group lower, from Nvidia on down, after a stretch in which chip stocks had run to record highs. Advanced Micro Devices (NASDAQ: AMD) got swept up in the downdraft, slipping from the all-time high it set in early June. There was no company-specific news behind the move; the stock simply traded down with its peers. So, for investors eyeing the pullback, the question is whether this is a chance to buy one of the better-positioned artificial intelligence (AI) names or a falling knife best left alone. Image source: Getty Images. Continue reading
White phosphorus is not banned under international law, but can "create cruel injuries" and indiscriminate harm in civilian areas. (Image credit: Oliver Laban-Mattei)
White phosphorus is not banned under international law, but can "create cruel injuries" and indiscriminate harm in civilian areas. (Image credit: Oliver Laban-Mattei)
Eighteen-year-old man arrested after car collides with cyclist Anthony Canty, who died in hospital four days later A lottery winner has died after a suspected hit-and-run in Essex, police said. Officers were called to the collision between a cyclist and a black Ford Ka in Tiptree at 6.30am on 21 May. The cyclist, a man in his 30s, was taken to hospital where he died four days later, Essex police s...
Eighteen-year-old man arrested after car collides with cyclist Anthony Canty, who died in hospital four days later A lottery winner has died after a suspected hit-and-run in Essex, police said. Officers were called to the collision between a cyclist and a black Ford Ka in Tiptree at 6.30am on 21 May. The cyclist, a man in his 30s, was taken to hospital where he died four days later, Essex police said. Continue reading...
The SpaceX initial public offering (IPO) is set to take place on June 12, with the company raising $75 billion at a valuation of $1.77 trillion . The sheer size of SpaceX has ripple effects through the investing world, from the major indexes to exchange-traded funds (ETFs). Although SpaceX was initially expected to be fast-tracked for entry into the S&P 500 (SNPINDEX: ^GSPC) , S&P Dow Jones Indice...
The SpaceX initial public offering (IPO) is set to take place on June 12, with the company raising $75 billion at a valuation of $1.77 trillion . The sheer size of SpaceX has ripple effects through the investing world, from the major indexes to exchange-traded funds (ETFs). Although SpaceX was initially expected to be fast-tracked for entry into the S&P 500 (SNPINDEX: ^GSPC) , S&P Dow Jones Indices released a press release on June 4 rejecting its earlier proposal. Now, SpaceX and other megacap companies like Anthropic and OpenAI will have to wait at least 12 months after their IPOs to join the S&P 500. Here's how the news impacts the two largest ETFs by net assets -- the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the Vanguard Total Stock Market ETF (NYSEMKT: VTI) -- and which one will own more SpaceX after its IPO. Continue reading