TECH FIRMS PUSH UBI TO DEFUSE AI BACKLASH
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Universal Basic Income is gaining traction among tech companies as a potential response to concerns about AI-driven job displacement and economic inequality. The strategy reflects industry efforts to address growing public skepticism about automation.
■ MORE FROM THE BUSINESS DESK
Walmart's Flipkart has scaled its quick-commerce operations to 1.1-1.2 million orders daily, nearly tripling its volume since November, positioning the platform to compete directly with India's leading rapid-delivery players.
The Department of Justice is investigating Andreessen Horowitz's approach to board seats at portfolio companies. The scrutiny raises questions about whether other venture capital firms face similar legal exposure.
U.S. battery startups have received $500 million in Department of Energy grants as the industry faces headwinds from reduced EV incentives. The funding provides critical support to companies struggling in a competitive market.
Canada has suspended trade negotiations with the United States and announced it will implement matching tariffs dollar for dollar in response to American duties.