TheFutureParty
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After President Donald Trump’s sweeping minimum 10% tariffs (an additional levy on imported goods) were introduced, global markets — and the US markets, especially — sank to their lowest levels in years. Why It Hurts: The White House hopes that tariffs lead to a “Made In America” revolution, bringing back manufacturing from overseas and ultimately […]
Groups representing “startup nations” — “tech hubs exempt from the taxes and regulations that apply to the countries where they’re located,” per Wired — are in talks with officials in the Trump administration about potentially building several similar “freedom cities” in the US. The Big Experiment: Although Próspera in Honduras has successfully launched (not without plenty of controversy), Big […]
Fulfilling a campaign promise, President Donald Trump signed an executive order to establish a government reserve of Bitcoin and a separate reserve for other cryptocurrencies. The Big Picture: President Trump has positioned himself as very pro-crypto in his second term, appointing tech entrepreneur David Sacks as crypto czar, directing his administration to drop lawsuits against exchanges, hosting a […]
The Elon Musk-run Department of Government Efficiency is reportedly working on a chatbot called “GSAi” that would take over a bulk of the work at the US General Services Administration — the agency in charge of managing office buildings, contracts, and IT infrastructure across the federal government. The Big Picture: DOGE has spent the past three weeks fanning out across […]
A new bill introduced in California could force AI firms to continually remind young users that their chatbot friend is indeed not a real person. The Big Picture: AI companies, including Character AI, ElevenLabs, and Replika, have faced major backlash from users and their families after they had to deal with deleted lovers, manipulation toward violence, and, in the […]
As one of its first orders of business, the new Trump administration is set to announce a major AI infrastructure project in partnership with OpenAI, Oracle, and SoftBank. The Big Picture: AI was always destined to become one of the biggest topics of the incoming administration as the industry becomes the new global innovation battleground. The deal demonstrates […]
TikTok started making its case against the US government’s divest-or-ban law in front of the Supreme Court on Friday… and so far, it seems that the Justices are siding with upholding the law. That means TikTok could really be gone on January 19th when the law takes effect. Why It Hits: We don’t need to make the […]
As bitcoin continues to soar in value, many in government, including the president-elect Donald Trump, are angling to make the top crypto a part of the national reserves. The Big Bet: The incoming Trump administration is far more accepting of the crypto industry than Biden’s, which could give the industry a more prominent seat at the policy […]
A panel of three federal judges unanimously ruled against TikTok’s free-speech lawsuit that hoped to overturn the divest-or-ban bill… putting TikTok on a path of being shut down in the US on January 19th on national security concerns. Why It Hits: The Protecting Americans from Foreign Adversary Controlled Applications Act, which passed in April, makes it illegal for app stores […]
California is set to double its film and TV tax credits to lure productions back to the entertainment industry capital of the world. The Big Picture: Even though California is home to Hollywood, most movies and shows now shoot in locations with generous tax credits — Georgia, Louisiana, New York, the UK, Australia — as a way to […]