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OpenAI is publicly diverging from the Trump administration on one of the most consequential questions facing the artificial intelligence industry: who should oversee the testing of advanced AI systems and whether those reviews should be mandatory before powerful models are released.

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"We did go through and cancel most of those," Mullin told lawmakers.

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Combined with his Tesla holdings-currently valued at around $355 billion-and stock options worth potentially over $100 billion, Musk's net worth could soar past the $1 trillion mark.

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U.S. crude oil (WTI) fell about 3.8% to $92.34 per barrel, while Brent crude dropped 3.3% to $94.58.

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The U.S. labor market delivered a fresh set of conflicting signals this week as new unemployment claims climbed to their highest level since February, even while private-sector hiring and job openings pointed to continued resilience across large parts of the economy.

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