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Trump on verge of securing $70B ICE funding victory after House clears hurdle
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President Donald Trump moved one step closer Tuesday to locking in immigration enforcement funding through the end of his presidency.  Republicans’ $70 billion immigration enforcement and border security measure advanced along party lines during a test vote of 213-211. All Democrats present voted "no" during the procedural vote, which tend to be party-line. The Senate-passed measure now heads to a vote on final passage in the House, where it is expected to be approved as early as Tuesday evening. Given Republicans' slim majority in the lower chamber, House Speaker Mike Johnson, R-La., can afford to spare just a handful of votes. "We need to fully fund this department, especially at a time of heightened security threats," House Majority Leader Steve Scalise, R-La., said Tuesday.  DOZEN GOP REBELS FAIL TO PERMANENTLY KILL TRUMP'S CONTROVERSIAL $2B FUND Some conservatives who want commitments from leadership to vote on legislation codifying Trump’s executive o...
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A US judge cancels a Mississippi trial and disqualifies and fines lawyers on both sides after finding their filings were filled with hallucinated case citations (Jason Koebler/404 Media)
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Jason Koebler / 404 Media : A US judge cancels a Mississippi trial and disqualifies and fines lawyers on both sides after finding their filings were filled with hallucinated case citations   —  When two AIs argue against each other, the legal system loses.  —  The lawyers on both sides of a federal court case …

Apple overhauls Apple Intelligence, with a new architecture built on Apple Foundation Models developed with Google and adapted to run on device and on servers (Hartley Charlton/MacRumors)
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Hartley Charlton / MacRumors : Apple overhauls Apple Intelligence, with a new architecture built on Apple Foundation Models developed with Google and adapted to run on device and on servers   —  Apple today announced a major overhaul of its Apple Intelligence platform, revealing a new architecture built on foundation models developed …

Nvidia says South Korea's Naver will use its technology to build AI factories at "gigawatt scale" to meet rising global demand for AI services and physical AI (Heekyong Yang/Reuters)
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Heekyong Yang / Reuters : Nvidia says South Korea's Naver will use its technology to build AI factories at “gigawatt scale” to meet rising global demand for AI services and physical AI   —  Nvidia (NVDA.O) said on Monday that South Korean internet conglomerate Naver (035420.KS) would use its technology …

As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients (Bloomberg)
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Bloomberg : As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients   —  Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning.  —  Down the Wealth Walkway on South Beach …

KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing (Wall Street Journal)
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Wall Street Journal : KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing   —  Only 26% of companies say they have a comprehensive view of their AI costs, according to a new survey

Report: in May, supply of unsecured bonds from hyperscalers passed $155B, up over 45% from 2025's total issuance; some AI-infra bond sales are 4x oversubscribed (Caleb Mutua/Bloomberg)
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Caleb Mutua / Bloomberg : Report: in May, supply of unsecured bonds from hyperscalers passed $155B, up over 45% from 2025's total issuance; some AI-infra bond sales are 4x oversubscribed   —  Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform …