| |  | Nov 28, 2025 | | | | | | Welcome back! Former congressmen are launching new super PACs to support AI regulation. Elon Musk says Tesla will double the number of Robotaxis in Austin. Intel CEO Lip-Bu Tan supports the executive who has been sued by TSMC.
| | | | A group of people concerned about safety issues around artificial intelligence are forming a network of super PACs to back candidates from both parties in the midterm elections, The New York Times reports. The effort, led by Democratic former Congressman Brad Carson, is a response to the work of Leading the Future, a recently formed network of PACs—backed by Andreessen Horowitz and OpenAI President Greg Brockman—that opposes a lot of AI regulation. The duelling PACs show how AI is shaping up to be a key issue in the midterm elections, with large amounts of money going toward both backing and opposing candidates, based on their positions on AI. Leading the Future has already set its sights on opposing New York Democrat Alex Bores, who is running for a U.S. House seat and supports AI safety regulation. The plan for Carson's network of PACs involves initially raising $50 million, the Times reported. Some of the funding is likely to come from employees at AI company Anthropic, where conversations have recently been taking place internally about challenging Leading the Future, according to the Times. | | | | Elon Musk said Tesla plans to double the number of Robotaxis it's operating in Austin after users of the service said they weren't able to hail rides or experienced very long wait times. In response to one such complaint, Musk said on X that the Robotaxi fleet in Austin "should roughly double next month." While Musk didn't disclose exactly how many Robotaxis Tesla is operating in the city, user reports indicate there are a few dozen vehicles active in Austin and about 100 in the San Francisco Bay Area. That's far fewer vehicles than are operated by autonomous ride-hailing rival Waymo, which is also available in more cities. Tesla is currently operating its Robotaxi vehicles with backup operators in both of its cities, though Musk previously said Tesla is aiming to remove humans from vehicles in Austin by the end of this year. Tesla has consistently walked back its Robotaxi targets this year. On an earnings call in July, Musk said Robotaxi would reach half the U.S. population by the end of 2025. He then reduced that target to eight to 10 U.S. cities three months later. It's unclear whether Tesla will be able to meet that goal within the next month as the company still faces regulatory hurdles in several places where it's aiming to launch. | | | | Intel CEO Lip-Bu Tan said Wednesday in an internal memo to staff that he fully supports the executive who's been sued by Taiwan Semiconductor Manufacturing Co. over alleged breach of trade secrets, and that there's no merit to the allegations. The U.S. company only began hiring discussions with Wei-Jen Lo after he retired earlier this year from TSMC, Tan said in the memo. He was responding to a lawsuit filed by TSMC on Tuesday accusing Lo of leaking trade secrets to Intel. TSMC said Lo violated a non-compete agreement and lied about his departure during his exit interview, telling the company that he was taking an academic job. Tan said that after Lo retired, Intel began discussing a potential role for Lo, adding that Lo, now a senior vice president at Intel, reports directly to him and is partnering with the chip foundry and advanced packaging team led by Intel executive vice president and CTO Naga Chandrasekaran. "Based on everything we know today, we see no merit to the allegations involving Wei-Jen, and he continues to have our full support," he said in the memo. He added that Lo spent 18 years at Intel before joining TSMC and that "freedom to work, to apply our skills and to move between companies has been a cornerstone of innovation in the semiconductor industry since the earliest days." | | | | Alt5 Sigma, a Nasdaq-listed company amassing a digital store of a cryptocurrency backed by the Trump family, told shareholders it removed its CEO–the second time its top executive has changed since an August tie-up with the Trump-backed crypto firm World Liberty Financial. It's the latest sign of turbulence at Alt5 since World Liberty struck a deal with the company to buy up to $1.5 billion worth of a Trump-backed crypto token, $WLFI. Shares in Alt5 have tumbled about 75% since the deal as the company braces for possible lawsuits and regulatory investigations, The Information reported on Wednesday. In a securities filing on Wednesday, Alt5 said the board of directors "determined to conclude" interim CEO Jonathan Hugh's employment "without cause." Hugh replaced Alt5's CEO Peter Tassiopoulos who was placed on leave without pay in September, according to a letter to staff. The company disclosed the change in October. Alt5 on Wednesday named board member Tony Isaac its new acting CEO. In its Wednesday filing, Alt5 also said board member David Danziger resigned "for personal reasons and not [as] a result of any disagreement" with the company. Danziger in September was appointed to lead a special committee investigating possible issues with the company's financial matters, asset transfers, payments, contracts and the company's accounting, recordkeeping and preparation of financial statements. In the securities filing on Wednesday, Alt5 said the board disbanded the special committee. "The facts and issues investigated by the Special Committee and its advisors were presented to the full Board for its awareness and consideration so that it can continue to act in accordance with its fiduciary duties to shareholders," the filing said. Separately, Alt5 said it ended a consulting agreement with Alt5 board member Ron Pitters and that Pitters would no longer serve as chief operating officer of the company. Pitters remains on the board, the company said. | | | | Robinhood shares jumped 11% Wednesday after the brokerage said late Tuesday that it is launching a new exchange with trading firm Susquehanna International Group to support its prediction market product. To do so, Robinhood is acquiring MIAXdx, which has the licenses to clear and execute derivatives trades. Robinhood currently partners with Kalshi, a U.S. prediction market backed by Sequoia and a16z, to offer bets on outcomes such as sports and elections. Robinhood contributes to more than half of Kalshi's trading volume, according to Bernstein analysts. Kalshi offers bets to users directly on its website and through partnerships to users of other apps. Robinhood's move will allow it to retain more control over its prediction market product, which has become its fastest-growing product line by revenue. Asked if Robinhood will drop Kalshi as a partner, a Robinhood spokesperson said it plans to continue with multiple partners, "supporting access to a diversity of market venues for our customers." | | | Popular articles By Amir Efrati, Erin Woo and Anissa Gardizy
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