politics
Trump Administration Explores Government Stakes in AI Companies
The Trump administration is considering taking ownership positions in major artificial intelligence firms. The move follows a public-ownership proposal from Sen. Bernie Sanders and comes as lawmakers examine industry practices.
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The review follows a proposal by Sen. Bernie Sanders that called for public ownership of major AI firms.
Congressional Activity Sen.
Elizabeth Warren has invited Nvidia Corp CEO Jensen Huang to testify before the Senate Banking Committee next week. The invitation concerns Nvidia's sales opportunities in China. Former Vice President Mike Pence stated that AI policy should combine limited government oversight with strong free-market competition.
Carney halted a regulation that would have required U.S. streaming services including Netflix Inc., Amazon.com's Prime, and The Walt Disney Company's Disney+ to invest billions in Canadian television.
Microsoft announced plans to deliver a commercially useful, scalable quantum computer by 2029. ServiceTitan Inc. reported fiscal first-quarter 2027 results that highlighted customer performance and growth initiatives. Palo Alto Networks Inc. posted fiscal third-quarter 2026 results that exceeded Wall Street expectations on revenue and earnings and raised its full-year outlook.
Solidion Technology Inc. Samsara Inc. reported adjusted earnings of 17 cents per share, above analyst estimates of 13 cents, with revenue rising 31% year over year to $478.8 million. Guidewire Software Inc. reported quarterly adjusted earnings of 82 cents per share, above the 74-cent analyst estimate, and quarterly revenue of $372.54 million, above the $355.95 million estimate.
