
Warsh Says the AI Investment Boom Is Adding to Inflation
Fed Chair Kevin Warsh said on 16 October 2026 that AI investment is one force behind higher inflation, days after the Fed's first rate hike in three years.
Antitrust, AI law, data privacy, and the rules shaping technology.
30 storiesLatest: Oct 23, 2026

A New Mexico judge ordered Meta to pay $25 billion in civil penalties for Facebook's privacy misrepresentations, far below its $219.5 billion exposure.

Fed Chair Kevin Warsh said on 16 October 2026 that AI investment is one force behind higher inflation, days after the Fed's first rate hike in three years.

UK AI minister Kanishka Narayan says the AI Security Institute is testing unreleased models such as Gemini 4 Argon, after its own lab let an agent act online.

The Justice Department told its staff to call AI 'super intelligence' and 'SI' in official records and court filings, before any federal definition exists.

On October 5, 2026, OpenAI, Anthropic, Google and Meta testified under oath before all 51 New York City Council members on ten proposed local AI bills.

U.S. prosecutors charged Greg Lui and his firm Earthmade Computer with smuggling $300 million in Nvidia AI servers to China via Malaysia and Singapore.

The FTC has opened an industry-wide investigation into Anthropic, OpenAI and other frontier AI labs over the risks their autonomous agents pose to consumers.

Defense Secretary Pete Hegseth announced a four-star Autonomous Warfare Command on September 30, 2026, to buy and field drones and combat robots faster.

Six AI chiefs signed a voluntary frontier-safety accord at the White House on September 29, 2026, naming no auditor and carrying no enforcement mechanism.

The US and China agreed to establish a channel for handling AI incidents and to speed up military crisis talks after the Xi-Trump summit in Washington.

Alabama's $100 million settlement with TikTok lands days before the first state trial, and most of its terms mirror the framework Meta signed in August.

A divided D.C. Circuit upheld the Pentagon's designation of Anthropic as a supply chain risk on September 25, 2026, letting the government bar Claude from military work despite a contrary ruling in California.

A bipartisan bill introduced September 24 would give film and TV productions a 20 percent federal tax credit, rising to 30 percent with added uplifts.

Texas Gov. Greg Abbott ordered regulators to halt all data center environmental permits until ERCOT finishes auditing the state's grid connection waitlist.

Meta has appealed Ofcom's decision to place WhatsApp and Instagram in Category 1 under the Online Safety Act, arguing the duties do not fit private messaging.

British Columbia filed a civil suit against OpenAI and CEO Sam Altman on 21 September 2026, alleging the company failed to warn police before a deadly school shooting.

Four consumers filed a proposed class action alleging Anthropic, OpenAI, SpaceXAI and Google agreed to slow AI progress, in violation of US antitrust law.

President Trump says he is forming an AI Force and will name an AI czar, but gave no details on structure, authority, budget, size, or military status.

Judge Brinkema rejected the DOJ's Google ad-tech breakup, ordering Prebid interoperability, real-time bid-data sharing, and a six-year compliance monitor.

NHTSA issued a Special Order demanding sworn answers by September 30 on how Tesla's driverless Cybercab complies with safety standards written for human drivers.

OpenAI confirmed on September 15 that it has spent weeks discussing AI safety with Anthropic and Google DeepMind, the same day the FTC chair warned the talks could entrench incumbents.

A leaked European Commission draft would bar under-15s from social media and video platforms, and impose safety-by-design rules on games and AI companions.

Google has begun reshaping European search results for hotels, flights and shopping to comply with the EU's Digital Markets Act, saying the changes downgrade its own product.

Cross-motions for summary judgment in the OpenAI copyright case put the fair-use question squarely before Judge Sidney Stein, months before any jury.

Senate negotiators are drafting a duty of care for frontier AI developers, with the Commerce Department able to seek a court order blocking an unsafe model release.

California’s governor signed 13 online-safety bills, banning addictive social-media features for under-16s and imposing new chatbot safeguards and audits.

A GOP-led Senate subcommittee has given OpenAI until October 1 to answer 16 questions and hand over documents about the July breach and its handling of rogue AI.

The Justice Department is probing whether Nvidia's $17 billion Groq licensing and hiring deal was built to avoid antitrust review, the New York Times reports.

New York City will bar generative AI for roughly 600,000 students in pre-K through eighth grade for a year, pairing the ban with screen-time caps and high-school AI literacy classes.

Final approval ends a five-year Android antitrust case, returns money to Play Store shoppers and forces Google to loosen its grip on app distribution.