Amy Morris

Defense Secretary Pete Hegseth has given Anthropic CEO Dario Amadei until Friday evening to give the military unfettered access to its AI model or face harsh penalties.

But sources tell Reuters that Anthropic has no plans to ease limits on military usage.

Former Defense Department Joint Artificial Intelligence Center Strategy and Policy Director Gregory Allen tells Bloomberg that this dispute between Anthropic and the Pentagon comes at an awkward time.

Hear more from Gregory Allen on the Bloomberg Balance of Power podcast.

A huge deal for advanced micro devices, meta platforms will deploy six gigawatts worth of data center gear based on processors from AMD.

It's a blockbuster deal.

It marks a win for the chip makers' attempts to catch up with NVIDIA.

Bloomberg's Ed Ludlow.

Bloomberg's Ed Ludlow, AMD shares gained 9% in regular trading.

Fed Governor Lisa Cook warns the U.S.

central bank may not be able to counter rising unemployment driven by adoption of AI.

She noted it may take five to 10 years for AI's impact to appear in economy-wide productivity statistics.

And she says the Fed is already incorporating AI into its forecast.

Fed Governor Lisa Cook spoke at an event in Washington.

Chicago Fed President Austin Goolsbee says the Supreme Court's decision to strike down many of President Trump's global tariffs may cause more uncertainty for businesses but could help cool inflation.

Goolsbee wants to see evidence that inflation is cooling to the Fed's 2% target before supporting further interest rate cuts.

He also says the Fed could cut rates multiple times this year.

Consumer confidence ticked up in February on more upbeat prospects for the economy, incomes, and job market.

The conference board's gauge rose to 91.2.

That beat expectations.