Trade groups for major private equity firms and hedge funds sued the U.S. Securities and Exchange Commission on Friday over sweeping regulations the agency approved last week. The financial groups were widely expected to launch a legal challenge targeting the new regulations, which represent the biggest regulatory overhaul the industry has seen since Dodd-Frank more than a decade ago. The...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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