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The Federal Deposit Insurance Corp. is working to launch an independent standards committee to certify bank-fintech partnerships, a move that could permanently alter the unit economics of the bank-as-a-service sector.
Major AI developers and their financial backers are lobbying Washington with divergent visions for AI regulation, setting the stage for a policy battle that will shape market access and investment opportunities in the sector.
Nvidia and Microsoft spearhead industry coalition urging policymakers to promote open-weight AI models, a move aimed at maintaining US leadership amid rising global AI competition.