Happy New Year 2025

Category: Business

Amazon increases ad spending on X in major reversal: report

Smart Trade Pro co-founder D.R. Barton says Amazon plays a large role in the AI game and that Target is having a ‘rebound.’

Amazon has increased its ad spending on X, which is owned by Elon Musk, more than a year after it removed many of its advertisements from the platform, according to a report.

Other companies like Apple cut some or all of their spending over concerns of rising hate speech after Elon Musk, a confidante of President Donald Trump and head of the Department of Government Efficiency, bought the platform in 2022.

Musk has called himself a “free speech absolutist.”

Apple, which cut all of its spending on X in 2023, is now reevaluating, as are other brands, The Wall Street Journal reported.

STUART VARNEY: AMERICA’S TECH TITANS JUMPED ON THE TRUMP TRAIN

The Amazon logo displayed outside the Amazon UK Services Ltd Warehouse Jan. 30, 2025, in Warrington, U.K. (Nathan Stirk/Getty Images) / Getty Images)

But some companies are returning to the platform with ad buys still much lower than before Musk bought Twitter, which he renamed X, according to the Journal.

Amazon founder Jeff Bezos and other tech CEOs, like Meta CEO Mark Zuckerberg, Apple head Tim Cook and Google CEO Sundar Pichai, all attended Trump’s inauguration last week, and Amazon, Meta and Apple all donated to Trump’s inaugural committee.

New ad revenue could be crucial for X, which is still struggling after Musk bought it for $44 billion.

Amazon founder Jeff Bezos, Google CEO Sundar Pichai and X owner Elon Musk at the inauguration. (Saul Loeb-Pool/Getty Images / Getty Images)

“Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” Musk revealed in a letter this month to staff, the Journal reported, adding that Musk has denied sending the email.

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Last summer, X filed a federal antitrust lawsuit against the Global Alliance for Responsible Media, the World Federation of Advertisers (WFA) and GARM members CVS Health, Mars, Orsted and Unilever, alleging an illegal ad boycott of the platform.

FOX Business has reached out to Amazon for comment.

January 31, 2025
Southwest Airlines CEO on American Airlines crash in DC: ‘our hearts go out’

Former Air Force navigator Jim Brauchle gives his take on the collision between a jet and a military helicopter in D.C. on ‘The Claman Countdown.’

Southwest Airlines CEO Bob Jordan said “our hearts go out” to people on the American Airlines flight involved in Wednesday night’s midair collision with a helicopter in the nation’s capital.

The chief executive of the Dallas-based carrier took a moment to “acknowledge the tragic accident near Reagan DCA Airport last night” before he and other Southwest executives launched into a discussion of the airline’s fourth-quarter financial results on Thursday with analysts and investors.

Southwest Airlines CEO Bob Jordan (Christopher Goodney/Bloomberg via Getty Images/File)

American Eagle Flight 5342 operated by American Airlines subsidiary PSA Airlines was on approach to runway 33 at the Washington, D.C.-area’s Ronald Reagan Washington National Airport when it and an Army Sikorsky H-60 Black Hawk helicopter collided. The two aircraft that collided were carrying 67 people combined, all of whom are thought to be dead, officials have said.

PSA AIRLINES: WHAT TO KNOW ABOUT CARRIER INVOLVED IN DC MIDAIR COLLISION

“Our hearts go out to all those loved ones who are among the passengers and the crew, and we also extend our sympathies to our friends at American Airlines and their subsidiary PSA Airlines as they process this event themselves,” Jordan said during the call, adding that he wanted to “thank the first responders who worked tirelessly throughout the night.”

Emergency response units on Thursday search the crash site of the American Airlines plane that went down in the Potomac River on Wednesday night. (Tasos Katopodis/Getty Images)

“And while we are all competitors, we are one airline community, and we will do everything we can to support our friends at American and at PSA,” he continued.

Other major U.S. airlines have commented on the incident as well.

“Our hearts go out to the victims of this tragic accident and their families – we’re in touch with our colleagues at @AmericanAir and will continue to offer any assistance and support they may need,” United Airlines said in a Thursday post on X.

JetBlue said it was “deeply saddened by the tragic accident in Washington, DC, and extend our heartfelt condolences to all those affected.”

UNITED, DELTA ISSUE TRAVEL WAIVERS FOLLOWING AMERICAN AIRLINES MIDAIR COLLISION NEAR DC

Airlines for America, a trade association that counts Delta Air Lines, Hawaiian Airlines, JetBlue and others among its members, similarly said it was “heartbroken and devastated.”

“Our deepest condolences are with the families and loved ones of the passengers, flight crew and U.S. service members,” Airlines for America said. “We stand ready to assist everyone involved during this difficult time and will await more details from the NTSB.”

The National Transportation Safety Board (NTSB) is taking point on the investigation into Wednesday’s tragic collision. The Federal Aviation Administration and the Army are also involved.

WHITE HOUSE, AMERICAN AIRLINES WILL RELEASE PLANE CRASH VICTIMS LIST

Todd Inman, an NTSB board member, said during a Thursday press conference that the independent investigative agency’s goal was to “understand not just what happened, but why it happened, and to recommend changes to prevent it from happening again.”

Emergency response units on Thursday search the crash site of the American Airlines plane that went down in the Potomac River on Wednesday night. (Tasos Katopodis/Getty Images)

The NTSB aims to release a preliminary report on the midair collision within 30 days. A final report on the incident, he said, will come out “once we’ve completed all of our fact-finding and investigation.”

January 30, 2025
LARRY KUDLOW: Don’t believe the fake news, Trump is cutting spending and the bureaucracy

The Beltway swamp hates it, but President Donald Trump is bound and determined to shrink the federal budget and its massive deficit, and to shrink the 2 million-plus federal workforce.

A score of liberal news outlets are all claiming that Trump’s directive to freeze certain federal spending was rescinded on Wednesday. Except, no such thing took place.

A memo from the Office of Management and Budget was pulled back, mainly because it was badly written.

Take the headline from the Washington Post, for example: “Trump White House rescinds order freezing federal spending, reversing course.”

But Mr. Trump’s executive order to put a hold on various grants, loans, and credits that have not yet been spent or dispersed continues to stand.

He still wants to freeze and then review funding for things like Diversity, Equity and Inclusion (DEI) and the Green New Deal.

He is still going after the misnamed Inflation Reduction Act and a whole bunch of other programs that are based on some kind of status called “disadvantaged businesses or communities.”

DEI and affirmative action strike again, but they are both illegal. And the President is well within his executive authority.

‘Kudlow’ panelists Sandra Smith, Taylor Riggs and John Carney evaluate the White House’s efforts to stop government waste.

In other words, he’s not pulling back. And it’s the executive order that counts.

Not to mention, all this could save close to $1 trillion in federal spending and deficits.

As far as shrinking the federal workforce, another Trump executive order provides a generous eight-month severance package to workers who want to resign, rather than work for the administration.

Once again, while the liberal media and the Washington swamp howl, Mr. Trump absolutely has the authority to do this under the Civil Service Reform Act of 1978. Hat-tip to the Wall Street Journal editorial page for pointing this out.

The President can redesignate jobs if the role involves policymaking at any level, be it a Cabinet secretary or an assistant secretary or a mid-level career bureaucrat.

And Mr. Trump is restoring a job category known as “Policy/Career,” which was formerly known as “Schedule F”. Which allows him to say: if you disagree with my policy agenda, and you work against it, you’re fired.

Well, over 50,000 civil servants will have to deal with this. And over two million civil servants will have to figure out if they want to resign or not.

Odds are, 5 to 10% will resign. That alone could save taxpayers $100 billion.

If you want to stay in the game, you have to show up for work and toe the line for President Trump’s election mandate for policy change.

And don’t listen to any fake news.

January 30, 2025
Plane crash in DC: what to know about the aircraft involved

Aviation attorney and former pilot Arthur Rosenberg discusses the aftermath of the American Airlines and Black Hawk helicopter aircraft collision in Washington, D.C. on ‘The Big Money Show.’

A deadly midair collision involving an American Airlines flight and an Army helicopter took place near Ronald Reagan Washington National Airport on Wednesday night.

The aircraft that collided in the tragic incident were a Bombardier CRJ700 jet operated as American Eagle Flight 5342 by PSA Airlines and a U.S. Army Sikorky UH-60 Black Hawk helicopter.

Part of the wreckage is seen as rescue boats search the waters of the Potomac River after a plane coming into Reagan National Airport crashed near Washington, D.C., on Jan. 30, 2025. (Andrew Caballero-Reynolds/AFP via / Getty Images)

A total of 67 people were in the two aircraft, with 64 flying on the regional jet and three service members manning the helicopter.

EXPERT PUTS ONUS ON FAA FOR AMERICAN AIRLINES, HELICOPTER CRASH: ‘BAD MANAGEMENT’ IS ‘PUTTING US AT RISK’

Bombardier CRJ700

A Bombardier CRJ700 of American Airlines approaches the runway to land on Nov. 13, 2019, in Charlotte, North Carolina. (Daniel Slim/AFP via Getty Images / Getty Images)

Bombardier first created CRJ700 jets over two decades ago.

Its CRJ700 program was purchased by Mitsubishi Heavy Industries several years ago. The aircraft is no longer made.

CRJ700s operated by PSA Airlines have First, Main Cabin Extra and Main cabin classes, according to an August 2024 screen capture of the airline’s website from the Wayback Machine. They have capacity for 65 passengers.

PSA AIRLINES: WHAT TO KNOW ABOUT THE CARRIER INVOLVED IN THE DC MIDAIR COLLISION

The airline, a wholly-owned subsidiary of American Airlines, has used the aircraft type since 2002. It counted 61 CRJ700s among its 141-plane fleet as of August 2024, PSA Airlines’ website showed.

They are over 100 feet long, according to the airline. The twin-engine aircraft can fly as fast as 544 mph, according to Simple Flying.

Sikorsky UH-60 Black Hawk Helicopter

A U.S. Army Sikorsky UH-60 Black Hawk helicopter flies along the coast on Nov. 8, 2024, in Laguna Beach, California. (Kevin Carter / Getty Images)

The Sikorsky UH-60 Black Hawk helicopter belonged to the Army. The Army said it was “from Bravo Company, 12th Aviation Battalion, Davison Army Airfield, Fort Belvoir, Va.,” Fox News Digital reported.

That type of helicopter has four blades and a twin-engine design. They boast a maximum gross weight of 22,000 pounds, Lockheed Martin said on its website.

Sikorsky has produced Black Hawk helicopters since the ’70s.

Lockheed Martin, which is based out of Maryland, became the owner of Sikorksy through a multibillion-dollar deal in 2015.

The top of the helicopter downed in Wednesday’s midair collision was painted gold, the Wall Street Journal reported, citing a Department of Defense official.

Investigation into midair collision

The FAA, National Transportation Safety Board and the Army are investigating the midair collision, with the NTSB taking point, according to a statement from the Joint Task Force-National Capital Region/U.S. Army Military District of Washington.

Emergency response units search the crash site of the American Airlines plane on the Potomac River on Jan. 30, 2025. (Andrew Harnik / Getty Images)

UNITED, DELTA ISSUE TRAVEL WAIVERS FOLLOWING AMERICAN AIRLINES MIDAIR COLLISION NEAR DC

Shortly after midnight on Wednesday, the NTSB had said in an X post that it had “launched a go-team to the aviation accident” for the PSA Airlines Bombardier CRJ700 and Sikorsky H-60 helicopter.

January 30, 2025
What were the most recent commercial aviation accidents in the US?

Transportation Secretary Sean Duffy provides details during an update on the midair collision between an American Airlines jet and an Army helicopter.

The tragic accident caused by a midair collision between a regional commercial airliner and a military helicopter in Washington, D.C., is the first fatal commercial air accident in nearly 15 years.

On Wednesday night, an American Airlines plane carrying 60 passengers and four crew members collided with an Army Black Hawk helicopter with three crew members aboard while on approach to land at Reagan National Airport near Washington, D.C.

Both aircraft crashed into the Potomac River, and emergency response officials have said they “don’t think there are any survivors from this accident” and shifted to a recovery operation. The Federal Aviation Administration (FAA) and National Transportation Safety Board (NTSB) are investigating the incident with assistance from the U.S. Army.

The disaster marks the first fatal commercial air crash in nearly 15 years, with U.S. airlines having transported about eight billion passengers in the period between accidents.

Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed last night on approach to Reagan National Airport on Jan. 30, 2025, in Arlington, Virginia. (Tasos Katopodis/Getty Images / Getty Images)

AMERICAN AIRLINES PLANE, ARMY HELICOPTER COLLIDE OUTSIDE REAGAN NATIONAL AIRPORT NEAR WASHINGTON DC

Here’s a look back at five of the most recent commercial disasters in U.S. aviation.

Workers and investigators clear debris from the scene of the plane crash of Continental Connection Flight 3407 on Feb. 16, 2009, in Clarence, New York. (David Duprey-Pool/Getty Images / Getty Images)

On Feb. 12, 2009, Colgan Air (operating as Continental Connection) Flight 3407 experienced a stall while on final approach to Buffalo Niagara International Airport in New York.

The regional airliner crashed, killing all 49 people aboard, as well as one person on the ground, after the aircraft hit a house. Investigators determined that the pilot’s response to the stall warning contributed to the crash, with fatigue possibly another factor.

PSA AIRLINES: WHAT TO KNOW ABOUT THE CARRIER INVOLVED IN THE DC MIDAIR COLLISION

Investigators document the runway that Comair Flight 5191 attempted to depart from on Aug. 28, 2006, in Lexington, Kentucky. (Jamie Rhodes/Getty Images / Getty Images)

On Aug. 27, 2006, Comair Flight 5191 crashed while attempting to take off from Blue Grass Airport in Lexington, Kentucky, after using an incorrect runway, which was too short to allow for the regional airliner to safely become airborne. The aircraft overran the end of the runway, killing all 47 passengers and two of the three crew members, with the plane’s first officer the lone survivor. Investigators attributed the crash to pilot error.

FIVE OF THE DEADLIEST US AIR DISASTERS

Firefighters work at the scene of an American Airlines crash in the Rockaway section of New York on Nov. 12, 2001. (Doug Kanter/AFP via Getty Images / Getty Images)

On Nov. 12, 2001, American Airlines Flight 587 crashed after taking off from John F. Kennedy International Airport in New York City, bound for the Dominican Republic, after it suffered a structural failure caused by pilot error and lost control.

The airliner crashed into the Belle Harbor neighborhood of Queens, New York, killing all 260 people aboard and causing five fatalities on the ground.

UNITED, DELTA ISSUE TRAVEL WAIVERS FOLLOWING AMERICAN AIRLINES MIDAIR COLLISION NEAR DC

Family members place roses and form a circle around the memorial dedicated to the 88 victims of the Alaska Airlines Flight 261 crash, dedicated at Hueneme Beach in Port Hueneme. (Bryan Chan/Los Angeles Times via Getty Images / Getty Images)

On Jan. 31, 2000, Alaska Airlines Flight 261 crashed in the Pacific Ocean near Anacapa Island, California, while flying from Puerto Vallarta, Mexico, to Seattle with a stopover in San Francisco.

All 83 passengers and five crew members died in the accident. Investigators determined that improper maintenance caused the failure of a critical flight control system during the flight, resulting in the pilots losing control of the aircraft.

The wreckage of the front portion of the TWA Flight 800 Boeing 747 aircraft is displayed in its reconstructed state in November 1997 in Calverton, New York. (Jon Levy/AFP via Getty Images / Getty Images)

On July 17, 1996, TWA Flight 800 crashed in the Atlantic Ocean near East Moriches, New York, after departing John F. Kennedy International Airport in New York, bound for Rome via a stopover in Paris.

All 212 passengers and 18 crew members were killed in the crash. Investigators determined that the aircraft suffered a structural breakup while in flight due to an explosion in its center fuel tank that was most likely caused by a short circuit.

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January 30, 2025
White House, American Airlines will release plane crash victims list

Aviation expert Captain Mike Coffield breaks down the response process and investigation following a midair collision between a regional airline jet and an Army Black Hawk helicopter.

President Donald Trump said Thursday that the White House, in coordination with American Airlines, will release the names of the victims of Wednesday’s deadly plane crash near Washington.

“They are a group of people that have lost their lives. If you want a list of the names, we can give you that we’ll be giving that very soon in coordination with American Airlines,” Trump told reporters during a Thursday press conference.

Trump didn’t specify when the names would be released.

As of Thursday morning, authorities have recovered at least 27 bodies from the Potomac River after an American Airlines flight – carrying 60 passengers and four crew members – and a military helicopter collided near Washington, D.C.

DC PLANE CRASH INVESTIGATORS TO REVIEW COMMUNICATION BETWEEN 2 AIRCRAFT: SENATOR

The Army told Fox News Digital that the UH-60 Black Hawk helicopter, carrying three soldiers, was “from Bravo Company, 12th Aviation Battalion, out of Davison Army Airfield, Fort Belvoir” and was conducting a “training flight.”

Sources who spoke on the condition of anonymity told The Associated Press that the bodies of all three soldiers were recovered.

American Airlines has not responded to FOX Business’ request for comment on when it plans to release the names of the victims.

However, people that have already been alerted about the death of loved ones have taken to social media.

United Association posted on X that “four UA Brothers were among the victims of the tragic crash of American Airlines Flight 5342. May they rest in peace.”

The Loudoun County Public Schools in Ashburn, Virginia, also posted an update Thursday that some of its former students were victims of the accident.

Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed last night on approach to Reagan National Airport on January 30, 2025, in Arlington, Virginia. (Tasos Katopodis/Getty Images / Getty Images)

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“This unimaginable loss has deeply affected our community, and with great sorrow, we have learned that multiple victims were former LCPS students. Many other Loudoun families have also been impacted, and we extend our deepest condolences to all those grieving in the wake of this tragedy,” Superintendent Aaron Spence.

FOX Business will update the story with the list of names when they are released.

January 30, 2025
SoftBank in talks to invest as much as $25 billion in OpenAI

Core Scientific CEO Adam Sullivan says AI is a bipartisan issue on Varney & Co.

SoftBank is in talks to invest $15 billion to $25 billion in OpenAI, potentially deepening the relationship between the two companies that are already planning a significant artificial-intelligence infrastructure initiative.

Some of that equity investment could be used for OpenAI’s commitment to Stargate, a joint venture with SoftBank and others it announced last week at the White House, according to a person familiar with the matter. Stargate, which also includes Oracle and the United Arab Emirates investment fund MGX, intends to invest as much as $500 billion in AI data centers for use by OpenAI over the next four years.

Softbank is in talks to invest as much as $25 billion in ChatGPT maker OpenAI (Photo by Dilara Irem Sancar/Anadolu via Getty Images / Getty Images)

The deal would make SoftBank OpenAI’s biggest investor, displacing Microsoft, which has committed nearly $14 billion to date. However, SoftBank would have a smaller stake in OpenAI’s for-profit division, as Microsoft invested earlier, the person familiar with the matter said.

SoftBank’s investment in OpenAI would be distinct from its own commitment to put some $15 billion into Stargate, according to the knowledgeable person.

OPENAI ANNOUNCES US NATIONAL LABORATORIES PARTNERSHIP, PLANS TO SUPPORT WORK ON NUCLEAR SECURITY AND MORE

The Financial Times reported previously on the investment talks.

If the deal comes together, it would create a tight partnership between two of the biggest names in global business: OpenAI Chief Executive Sam Altman and SoftBank CEO Masayoshi Son. The men have been growing closer over the past year and discussed a plan Altman had to overhaul the global semiconductor industry.

U.S. President-elect Donald Trump delivers remarks next to Chairman and CEO of SoftBank Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Monday, Dec. 16. (Reuters/Brian Snyder / Reuters)

Son, who has said he uses ChatGPT every day, told shareholders in June 2023 that he wanted SoftBank to “lead the AI revolution.” In October, his firm made its first investment in OpenAI, putting $500 million into the U.S. developer’s $6.6 billion funding round.

TRUMP, SOFTBANK CEO ANNOUNCE $100B INVESTMENT TO CREATE 100,000 AMERICAN JOBS

In addition to its commitment to Stargate, OpenAI needs investment funds to cover its multibillion-dollar annual losses, as it spends heavily to develop cutting-edge technology and deals with intense price competition against rivals such as Google and Anthropic, as well as free, open-source technology from Meta Platforms and China’s DeepSeek.

At the same time it is growing closer to SoftBank, OpenAI has been drifting apart from its longtime closest partner: Microsoft. In addition to its investments, Microsoft was until this month the exclusive provider of cloud-computing services for OpenAI.

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Altman delivered the keynote address at the first ever Open AI DevDay conference. (Justin Sullivan/Getty Images / Getty Images)

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MSFT MICROSOFT CORP. 415.10 -27.23 -6.16%

ChatGPT’s launch in late 2022 significantly escalated OpenAI’s need for chips to develop and operate its products. Over the past two years, OpenAI has said Microsoft wasn’t providing it with enough cloud capacity, The Wall Street Journal previously reported.

The two companies recently revised their deal allowing OpenAI to work with other providers, including Stargate, though Microsoft retains the right of first refusal.

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Microsoft CEO Satya Nadella said on an earnings call with analysts Wednesday that he remains happy with his relationship with OpenAI, but his company’s investments in data centers are “fungible” and can be used by different customers.

January 30, 2025
United, Delta issue travel waivers following plane crash

Aviation attorney and former pilot Arthur Rosenberg discusses the aftermath of the American Airlines and Black Hawk helicopter aircraft collision in Washington, D.C. on ‘The Big Money Show.’

Airlines issued travel fee waivers for passengers after a deadly midair collision near Washington, D.C., temporarily halted operations at Ronald Reagan Washington National Airport.

United Airlines said Thursday that it issued a waiver for travelers who are booked on flights heading to or leaving from the Arlington, Virginia, airport. Passengers who have flights through Feb. 1 will be able to reschedule their trip without getting hit with change fees and fare differences, according to United.

Delta also issued a travel waiver for people traveling on Thursday to and from Reagan National Airport, Washington Dulles International Airport and Baltimore/Washington International Thurgood Marshall Airport.

Emergency response units search the crash site of the American Airlines plane on the Potomac River on Jan. 30, 2025. (Tasos Katopodis/Getty Images / Getty Images)

DC PLANE CRASH INVESTIGATORS TO REVIEW COMMUNICATION BETWEEN 2 AIRCRAFT: SENATOR

United CEO Scott Kirby issued a statement Thursday about the collision, saying the airline is in touch with its “colleagues at American Airlines and will continue to offer any assistance and support they may need.”

The airport posted on X that its flight operations resumed at 11 a.m. and that all airport roads and terminals are open. However, since some flights have been delayed or canceled, the airport is encouraging passengers to check with their airline for specific flight information.

RECOVERY EFFORTS UNDERWAY AFTER AMERICAN AIRLINES JET, MILITARY HELICOPTER COLLIDE MIDAIR NEAR DC

American Eagle Flight 5342 was flying from Wichita, Kansas, to the nation’s capital when it was “involved in an accident” at Reagan National Airport, American Airlines said. There were 60 passengers and four crew members on board the aircraft, which was operated by American Airlines’ subsidiary PSA Airlines.

A U.S. flag flies as search and rescue teams work in the aftermath of the collision of American Eagle Flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, in Arlington, Virginia, on Jan. 30, 2025. (Eduardo Munoz/Reuters / Reuters)

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Despite the immense effort from hundreds of first responders, authorities switched from a rescue operation to a recovery operation on Thursday, according to Fire and EMS Chief John A. Donnelly.

Officials don’t believe there are any survivors and have already recovered at least 27 bodies from the Potomac River.

January 30, 2025
OpenAI announces US National Laboratories partnership, plans to support work on nuclear security and more

OpenAI CEO Sam Altman speaks after President Trump announces Stargate.

OpenAI, the company behind ChatGPT, has announced an agreement to collaborate with U.S. National Laboratories, indicating that it plans to assist in various fields, including nuclear security.

The company plans to deploy its AI on a supercomputer.

“Under this agreement, OpenAI will work with Microsoft and will deploy o1 or another o-series model on Venado, an NVIDIA supercomputer at Los Alamos National Laboratory (LANL) where it will be a shared resource for researchers from Los Alamos, Lawrence Livermore, and Sandia National Labs,” OpenAI noted.

OPENAI DEBUTS CHATGPT GOV, A NEW VERSION OF THE CHATBOT FOR US GOVERNMENT AGENCIES

The Open AI logo, which represents the American-based artificial intelligence (AI) research organization known for releasing the generative chatbot language model AI ChatGPT and initiating the AI spring, is being displayed at the Mobile World Congres (Joan Cros/NurPhoto via Getty Images)

OpenAI suggested its models will be leveraged in various areas of research.

The company said its models will be used in “Accelerating the basic science that underpins U.S. global technological leadership,” “Identifying new approaches to treating and preventing disease,” “Enhancing cybersecurity and protecting the American power grid,” “Achieving a new era of U.S. energy leadership by unlocking the full potential of natural resources and revolutionizing the nation’s energy infrastructure,” “Improving U.S. security through improved detection of natural and man-made threats, such as biology and cyber, before they emerge,” and “Deepening our understanding of the forces that govern the universe, from fundamental mathematics to high-energy physics.”

TRUMP, OPENAI CEO WEIGH IN ON DEEPSEEK FRENZY

OpenAI CEO Sam Altman sits down with Shannon Bream to discuss the positives and potential negatives of artificial intelligence and the importance of maintaining a lead in the A.I. industry over China.

The company also indicated that it plans to supply support in the area of nuclear security.

“The Labs also lead a comprehensive program in nuclear security, focused on reducing the risk of nuclear war and securing nuclear materials and weapons worldwide. This use case is highly consequential, and we believe it is critical for OpenAI to support it as part of our commitment to national security. Our partnership will support this work, with careful and selective review of use cases and consultations on AI safety from OpenAI researchers with security clearances,” the organization noted.

TRUMP ANNOUNCES LARGEST AI INFRASTRUCTURE PROJECT ‘IN HISTORY’ INVOLVING SOFTBANK, OPENAI AND ORACLE

OpenAI CEO Sam Altman appears during a news conference with U.S. President Donald Trump in the Roosevelt Room of the White House on Jan. 21, 2025 in Washington, D.C. (Andrew Harnik/Getty Images)

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OpenAI noted that the partnership “builds on our successful earlier collaboration⁠ with Los Alamos National Laboratory, where we worked closely with wet labs to assess the risks posed by the most advanced models in creating bioweapons (such as human-designed pandemics). We anticipate that this engagement will lead to broader safety collaborations across a variety of chemical, biological, radiological, and nuclear (CBRN) risks.”

January 30, 2025
Mortgage rates tick down | Fox Business

Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler discusses President Donald Trumps impact on commercial real estate and how Americans are handling 7 percent mortgage rates.

Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.95% from last week’s reading of 6.96%. The average rate on a 30-year loan was 6.63% a year ago.

Newly finished developmennt of homes for sale, built by home builder KB Homes, are pictured in Carlsbad, California. (REUTERS/Mike Blake / Reuters Photos)

“The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week, with the average rate remaining essentially flat at 6.95%,” said Sam Khater, Freddie Mac’s chief economist. “Driven by these higher rates and a persistent supply shortage, affordability hurdles still exist for many homebuyers and a significant number of them remain on the sidelines.”

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The average rate on the 15-year fixed mortgage fell to 6.12% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 5.94%.

January 30, 2025