executive

Trump executive order leaves TikTok in legal limbo, for now By Reuters

By Mike Scarcella (Reuters) – U.S. President Donald Trump’s executive order to restore access to TikTok has created a thicket of new legal questions for the short-video platform, along with new tensions between the White House, members of Congress who want the platform banned, and tech companies caught in the…

McKinsey senior executive departing firm to lead an ‘under-the-radar’ AI company

McKinsey executive Matthew Fitzpatrick is leaving the firm to become CEO of Invisible Technologies.Fitzpatrick led QuantumBlack Labs, developing AI software and tools for companies.Invisible Technologies, a company focused on AI training, is valued at $500M, the company said.One of McKinsey & Company’s top executives is leaving the firm for Silicon…

Biden to issue executive order to ensure power for AI data centers By Reuters

By David Shepardson WASHINGTON (Reuters) – President Joe Biden will issue an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for leasing federal sites owned by Defense and Energy departments to…

Former MoviePass executive Ted Farnsworth pleads guilty to defrauding investors

Ted Farnsworth pleaded guilty to defrauding investors in MoviePass and Vinco.Farnsworth has been in prison since August 2023.MoviePass’s $10 plan led to its popularity but was unsustainable, causing bankruptcy.Ted Farnsworth pleaded guilty on Tuesday to defrauding investors in the movie-ticket subscription service MoviePass, the US Department of Justice announced. He…