Michael Dell Expects Others to Donate to Trump Accounts for Kids

Amazon unveiled new AI chips and models during its AWS Re:Invent conference, showcasing advancements in artificial intelligence technology. This launch is part of Amazon's ongoing efforts to enhance its cloud services and AI capabilities, aiming to meet growing demand in the tech industry.

Dell CEO Michael Dell announced a $6.25 billion initiative to provide 25 million American children with $250 each to start investment accounts, building on the earlier 'Trump accounts' initiative linked to President Donald Trump's One Big Beautiful Bill Act. This announcement was made during an appearance on Bloomberg The Close.

A federal investigation has been launched into Bitmain Technologies Ltd, a major Chinese manufacturer of Bitcoin-mining machines, to determine if its products pose a national security threat to the United States. This scrutiny follows the sale of 16,000 mining machines to a venture backed by Donald Trump's sons, raising alarms among security experts like David Feith from the Hudson Institute.

Dan Wang, a research fellow at the Hoover Institution, highlighted the ongoing competition between the U.S. and China in trade and technology, suggesting that the global economy is becoming increasingly protectionist and fragmented. He emphasized that China is intensifying its focus on artificial intelligence and other technologies, posing a significant challenge to the West.

John McAuliff, a 33-year-old small business owner, won a seat in Virginia's legislature by focusing his campaign on the rising costs of energy, defeating a Republican opponent. His victory is part of a broader trend, with 13 Democrats winning seats in the recent elections, which strengthens the party's control in the state government.