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spectrum auctions spark debate over funding priorities and national security concerns
Elon Musk's companies, particularly Starlink, are poised to benefit from potential government contracts and spectrum auctions, with support from key Republican figures like Sen. Ted Cruz. The push for mid-band spectrum sales could enhance Starlink's broadband capabilities, despite concerns over national security and the implications for federal procurement laws. Critics argue that these maneuvers prioritize tax cuts for the wealthy over essential telecom infrastructure funding.
Knostic secures 11 million dollars to enhance AI access control solutions
Knostic has secured $11 million in funding to enhance its need-to-know access controls for enterprise large language models (LLMs), bringing total funding to $14 million. The investment, led by Bright Pixel Capital, aims to address LLM oversharing, enabling businesses to adopt AI tools securely without compromising sensitive information. Knostic's innovative technology has already gained recognition at major industry events, highlighting its importance in the evolving landscape of AI and cybersecurity.
crypto lobbying reshapes political landscape in america during 2024 elections
In 2024, crypto lobbying efforts led by Coinbase, Ripple, and Andreessen Horowitz transformed American politics, amassing nearly $300 million through a super PAC called Fairshake. This unprecedented spending aimed to counteract negative perceptions following the FTX collapse and reshape the political landscape, demonstrating the industry's newfound influence. By mid-2024, the crypto voter emerged as a significant force, altering the dynamics of support across party lines.
Bernie Moreno Calls for Elimination of Electric Vehicle Tax Credit in Senate
Incoming Ohio Senator Bernie Moreno, a Republican and former luxury car dealer, criticized the $7,500 EV tax credit as "catastrophically stupid," advocating for a market-driven approach to vehicle choice. He argued that the government should not dictate corporate strategies and emphasized that consumer preferences should guide the automotive industry. As automakers scale back EV plans amid declining demand, Moreno called for a regulatory environment that allows the marketplace to thrive without government intervention.
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