Democrats Push to Prevent Taxpayer Bailouts for AI Companies

House Democrats are seeking to prevent artificial intelligence companies and financial institutions exposed to the industry from receiving taxpayer-funded bailouts if the AI market collapses, calling for failing businesses to enter bankruptcy and executives responsible for unlawful conduct to face legal consequences. Reps. Greg Casar of Texas and Maxine Waters of California unveiled a resolution…

Murphy Aircraft Insolvent, Factory Operations End

Canadian kit aircraft manufacturer Murphy Aircraft has reportedly become insolvent and ceased operations following financial difficulties at its Chilliwack, British Columbia, facility. The company, which has produced experimental aircraft kits for more than four decades, faced mounting financial problems in recent months before losing its manufacturing equipment in an auction last week. Murphy’s financial troubles…