New Delhi, June 13 (IANS) Elon Musk-run SpaceX’s initial public offering delivered a blockbuster debut in the US, handing early buyers a 31 per cent gain, before settling up 19 per cent above the offering price of $135.The shares ended the day at $160.95, giving SpaceX a market capitalisation of about $2.2 trillion after its first day of trading, turning the rocket maker’s founder Elon Musk the world’s first trillionaire.On the stock market debut day, SpaceX became the sixth-highest valued pub…
Latest Senator Elizabeth Warren News & Updates
Washington, June 6 (IANS) Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, has invited Nvidia President and Chief Executive Officer Jensen Huang to testify at a public hearing on artificial intelligence next week, placing renewed focus on the company’s business interests in China and US export controls.In a letter dated June 4, Warren asked Huang to appear before members of the Senate Committee on Banking, Housing, and Urban Affairs at a hearing scheduled for June 11 i…
Washington, June 2 (IANS) A senior US senator has questioned whether Nvidia’s advanced artificial intelligence chips are continuing to reach China despite American export restrictions, citing a series of criminal cases that allegedly involved the diversion of hundreds of millions of dollars worth of the company’s technology.Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, said recent Justice Department cases raise “urgent questions” about Nvidia’s compliance with US ex…
Washington, June 2 (IANS) Two senior Democratic senators accused the Trump administration of allowing a loophole in US export controls that may have enabled some of America’s most advanced artificial intelligence chips to reach Chinese companies, potentially boosting Beijing’s military capabilities.Senator Elizabeth Warren of Massachusetts and Senator Andy Kim of New Jersey said the administration’s failure to update export-control regulations over the past 18 months may have inadvertently allow…
Washington, March 13 (IANS) Senate Democrats stepped up their attack on President Donald Trump’s war in Iran, calling the conflict illegal, costly, and constitutionally unsound, while pressing for public testimony from top administration officials.The sharpest criticism came from Senator Tim Kaine, a member of the Senate Armed Services and Senate Foreign Relations Committees, who said the United States had been drawn into a war without congressional authorisation and with growing costs at home…
Washington, Feb 18 (IANS) US lawmakers moved to tighten controls on advanced American chips to prevent diversion to China and other countries of concern, even as Washington and Beijing held drug enforcement talks focused on fentanyl and synthetic opioids.US Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, co-sponsored Senator Tom Cotton’s Chip Security Act. The legislation aims to prevent advanced American chips from falling into the hands of China and other countries …