CONGRESS.NET

US Politics & Business News

Tech & AI News

Palantir CEO Explains Why They’re Still Using Anthropic’s Claude Amid Pentagon Dispute

Thomas Shelter05 mins

Palantir continues to rely on Anthropic’s Claude artificial intelligence models despite the Pentagon designating the startup a supply-chain risk during an escalating dispute involving defense technology providers. Chief executive Alex Karp confirmed that Palantir’s software systems remain integrated with Anthropic’s tools while government agencies determine how to respond to the recent classification by the Department…

Read More

Polymarket Announces Palantir Partnership for ‘Advanced Analytics’ in Prediction Markets

Thomas Shelter05 mins

Prediction market operator Polymarket has entered a partnership with analytics technology provider Palantir Technologies to develop monitoring systems designed to track trading activity across sports-related prediction markets. The collaboration aims to deploy advanced analytical tools capable of identifying irregular market movements and suspicious trading patterns as the prediction platform expands its presence in event-based markets….

Read More

Blackstone President Gray Responds as Investors Withdraw Billions, Private Credit Scrutiny Intensifies

Thomas Shelter06 mins

Blackstone faced renewed scrutiny this week after investors withdrew nearly eight percent from its flagship private credit vehicle, triggering a sharp market reaction and raising broader questions about stability within the fast-growing private lending sector. The asset management giant disclosed in a regulatory filing that investors were allowed to redeem 7.9% of the Blackstone Private…

Read More

JPMorgan Chase CEO Jamie Dimon Highlights AI Redeployment And Ethical Risks

Thomas Shelter04 mins

Jamie Dimon, CEO of JPMorgan Chase, spoke at an investor meeting on Monday about the bank’s plans to redeploy staff as artificial intelligence reshapes roles, while urging society to prepare for broader economic consequences. Dimon explained that the bank is implementing significant internal measures to shift employees into new positions, ensuring displaced staff from automation…

Read More

Oracle Shares Drop As $50bn Fundraising And Layoff Talk Rattle Investors Amid AI Demand Surge

Thomas Shelter04 mins

Shares of Oracle fell around three percent in premarket trading after the company unveiled plans to raise up to $50 billion while analysts flagged potential large-scale workforce reductions. The technology giant said it intends to generate between $45 billion and $50 billion in gross cash proceeds during 2026 to expand data center capacity for contracted…

Read More
Goldman Sachs

Goldman Sachs Surpasses Q4 Profit Expectations With $14.01 EPS, Beating Estimates

Thomas Shelter03 mins

Goldman Sachs reported fourth-quarter profit that exceeded expectations, driven by strong equities trading and asset and wealth management. The bank announced earnings of $14.01 per share, compared with a $11.67 per share estimate from LSEG analysts. Revenue reached $13.45 billion, slightly below the $13.79 billion forecast. Profit rose 12% from a year earlier to $4.62…

Read More

Treasury Secretary Scott Bessent Says No Restrictions Planned for Children’s New “Trump Accounts”

Thomas Shelter05 mins

Treasury Secretary Scott Bessent has confirmed that children who qualify for the newly created “Trump accounts” will have full control over how the funds are used once they turn 18. Speaking on CBS News’s “Face the Nation,” Bessent described the program as a generational investment mechanism designed to give every child a stake in America’s…

Read More