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Gov. Newsom vetoes California’s controversial AI bill, SB 1047

California Governor Gavin Newsom has vetoed SB 1047, a high-profile bill that would have regulated the development of AI. The bill was authored by State Senator Scott Wiener and would have made companies that develop the largest AI models liable for implementing safety protocols to prevent “critical harms.” It was …

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Top Trades for the Rest of the Year

(Bloomberg) — US stocks will outperform the nation’s government and corporate bonds for the rest of this year as the Federal Reserve keeps cutting interest rates, the latest Bloomberg Markets Live Pulse survey shows. Most Read from Bloomberg Exactly 60% of the 499 respondents said they expect US equities will …

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