Warren Questions Altman on OpenAI Bailout Concerns
Senator Elizabeth Warren (D-MA) raised concerns about OpenAI's financial structure and potential reliance on government bailouts, according to The Verge. In a letter to OpenAI CEO Sam Altman, Warren sought assurances that the company would not seek government assistance if it failed to become profitable. Warren highlighted OpenAI's "sprawling web of debt-based partnerships," suggesting that the company could benefit from an industry-wide bailout, according to The Verge.
States Explore Climate Change Superfunds
Several states are considering legislation to create climate change superfunds, Ars Technica reported. Illinois lawmakers planned to introduce a bill in the state legislature that would require fossil fuel companies to contribute to funds supporting climate change mitigation and adaptation efforts. Illinois State Rep. Robyn Gabel, who planned to introduce the bill in the House, said she was motivated by the rising costs of global warming, including increased home insurance premiums, utility bills, health expenses, and damages from extreme weather, according to Ars Technica.
Dispute Over USIP Building Continues
The Trump administration's takeover of the US Institute of Peace (USIP) building remained contentious, according to Wired. Representatives of the USIP's fired board and president alleged that the administration was violating a court-issued stay by making physical changes to the building and pursuing new agreements. In a letter to the Department of Justice (DOJ), the representatives requested information on the State Department's activities related to the building, according to Wired.
Factify Aims to Revolutionize Digital Documents
Factify, a Tel Aviv-based startup, emerged from stealth with a $73 million seed round to develop intelligent digital documents, VentureBeat reported. Founder and CEO Matan Gavish aimed to move beyond standard formats like .PDF and .docx. "The PDF was developed when I was in elementary school," Gavish told VentureBeat. "The bedrock of the software ecosystem hasn't really evolved... someone has to redesign the digital document itself."
Adaptive6 Targets Enterprise Cloud Waste
Adaptive6 launched with the goal of reducing enterprise cloud waste, VentureBeat reported. The company claimed to be already optimizing Ticketmaster's cloud spending. According to Gartner, public cloud spending was projected to increase by 21.3% in 2026. However, Flexera's State of the Cloud report indicated that up to 32% of enterprise cloud spending was wasted on duplicated, non-functional, or outdated code, according to VentureBeat.
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