All posts tagged: Oracle Corp

Trump admin unveils national AI policy framework to limit state power

Trump admin unveils national AI policy framework to limit state power

Published by Sam Flores

U.S. President Donald Trump delivers remarks on artificial intelligence at the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters The Trump administration on Friday issued a legislative framework for a single national policy on artificial intelligence, aiming to create uniform safety and security guardrails around the nascent technology while preempting states from enacting their own AI rules. The six-pronged outline broadly proposes a slew of regulations on AI products and infrastructure, ranging from implementing new child-safety rules to standardizing the permitting and energy use of AI data centers. It also calls on Congress to address thorny issues surrounding intellectual-property rights and craft rules “preventing AI systems from being used to silence or censor lawful political expression or dissent.” The administration said in an official release that it wants to work with Congress “in the coming months” to convert its framework into a bill that President Donald Trump can sign. The White House wants to codify the framework into law “this year” and believes it can generate bipartisan …

Trump bought NFLX, WBD bonds during bidding war with Paramount

Trump bought NFLX, WBD bonds during bidding war with Paramount

Published by Sam Flores

U.S. President Donald Trump arrives in Miami, Florida, U.S., March 7, 2026. Kevin Lamarque | Reuters President Donald Trump bought more than $1.1 million of Netflix bonds over the last three months as the streaming giant unsuccessfully fought Paramount Skydance to ​buy Warner Bros Discover, according to government disclosures. Trump bought more than $500,000 of Netflix’s bonds in two transactions on December ‌12 and December 16 and another more than $600,000 across two more trades on January 2 and 20, the disclosures show. The White House disclosed a range, rather than exact amounts, of between just over $1.1 million and $2.25 million. The purchases came as the Republican president and his regulatory officials talked Netflix down in the press, calling into ​question whether the deal would withstand antitrust scrutiny and pressuring Netflix to fire board member Susan Rice, a onetime aide to ​Democratic former President Barack Obama. It’s unclear whether he made or lost money on Netflix’s bonds, which paid an interest ⁠rate of 5.375% and are due in November 2029, since the filing doesn’t disclose if or when he sold …

Trump admin blacklists Anthropic; AI firm refuses Pentagon demands

Trump admin blacklists Anthropic; AI firm refuses Pentagon demands

Published by Sam Flores

President Donald Trump said Friday that he was ordering every U.S. government agency to “immediately cease” using technology from the artificial intelligence company Anthropic. Trump in a Truth Social post said there would be a six-month phase-out for agencies such as the Defense Department, which “are using Anthropic’s products, at various levels.” Defense Secretary Pete Hegseth, soon after Trump’s order, said on X that he was ordering the Pentagon to “designate Anthropic a Supply-Chain Risk to National Security” after the AI startup refused to comply with demands about the use of its technology. Anthropic said in a statement late on Friday that it is “deeply saddened by these developments.” The company said it will challenge any supply chain risk designation in court.  “We believe this designation would both be legally unsound and set a dangerous precedent for any American company that negotiates with the government,” Anthropic said. Anthropic, which signed a $200 million contract with the Pentagon in July, wanted assurances that its AI models would not be used for fully autonomous weapons or mass …

Netflix CEO Sarandos to visit White House for WBD deal talks: Report

Netflix CEO Sarandos to visit White House for WBD deal talks: Report

Published by Sam Flores

Netflix CEO Ted Sarandos speaks during comedian Ricky Gervais’s star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, U.S., May 30, 2025. Mario Anzuoni | Reuters Netflix CEO Ted Sarandos will head to the White House on Thursday for meetings on his company’s efforts to acquire part of Warner Bros. Discovery as Paramount ratchets up its rival bid, Politico reported Wednesday. The reported visit is set to occur five days after President Donald Trump demanded that Netflix immediately fire former Obama administration official Susan Rice from its board, or else “pay the consequences.” It was not immediately clear if Sarandos would be meeting with Trump during the visit, a person familiar with the discussions told Politico. Netflix declined CNBC’s request for comment on the report. The White House, asked by CNBC to confirm the visit, said, “We do not discuss private meetings that may or may not be happening.” The acquisition fight over WBD, like numerous other business deals in over the past year, has been entangled with presidential politics. Trump had …

Trump may ‘force’ data centers to pay costs

Trump may ‘force’ data centers to pay costs

Published by Sam Flores

White House trade advisor Peter Navarro speaks to members of the media near the West Wing of the White House in Washington, D.C., U.S., August 21, 2025. Nathan Howard | Reuters President Donald Trump’s trade and manufacturing adviser, Peter Navarro, said on Sunday that the White House may force data center builders to absorb their costs as voters continue to sour on the economy and utility prices soar. “All of these data center builders, Meta on down, need to pay for all, all of the costs,” Navarro said on Fox News’ “Sunday Morning Futures.” “They need to pay, not only pay for the electricity that they’re using on the grid, but they have to pay for the resiliency that they’re affecting as well. They need to pay for the water. So there’s activity, action here going forward, where we force them to internalize the cost.” Navarro did not detail what the White House’s plan to force data center builders to internalize costs would look like. CNBC has reached out to the White House for clarification. When …