OpenAI wins $200 million U.S. defense contract. Solana may rise in price as consumers realize financial uses. Tesla U.S. sales drop in April, and, Senate bill floats full phase out of solar & wind tax credits. Jane King with the latest from the NYSE.
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Thanks, Rey.
The Defense Department has awarded a 1 year, $200 million contract to OpenAI for the use of its artificial intelligence models.
This comes months after OpenAI said it would collaborate with defense technology startup Andro to deploy advanced AI systems for national security missions.
The DOD says the company will develop prototype frontier AI capabilities to address critical national security challenges in both war fighting and enterprise.
Well, companies looking to invest in the cryptocurrency Solana may benefit from increased use of the coin in the financial industry.
That's according to Cantor Fitzgerald.
An analyst there wrote while Solana's blockchain has seen its use as a mean coin expand over the past year, it has the potential for more applications as the use of tokenized securities grows in finance.
Thomas Shinsky sees Solana is offering quick, cheap transactions and the ability to use tokens.
To validate transactions for reward known as staking, sales of Tesla vehicles in the US fell 16% in April, according to data from S&P Global Mobility and cited in the trade publication Automotive News.
With the share of 40%, even the slightest weakness, Aellon Musk's company has a disproportionate effect in monthly EV sales.
Musk meanwhile has dismissed concerns that he has a demand problem on his hands, and the US Senate Tax Committee proposed a.
Full phase out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for hydropower, nuclear, and geothermal energy, which are favored by the Trump administration.
The bill eliminates hundreds of billions of dollars of clean energy subsidies, which the committee described as unnecessary.
It also said it would support consistent energy sources over intermittent renewable energy, and that's the latest headlines.