Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- U.S. Sen. Rand Paul (R-Ky.) criticized the Trump administration’s decision to buy a roughly 10% stake in Intel (NASDAQ:INTC), labeling the deal “a bad idea.”
“I think it’s a big mistake to have government ownership of things, and of course it’s a step towards socialism,” Paul told CNBC on Wednesday.
“I worry that the free-market movement, the movement that was a big part of the Republican Party, is being diminished over time,” Paul added.
- Germany’s DeepL, a provider of AI-powered translation solutions, has developed an autonomous AI agent for the enterprise market.
“We’re excited to preview our latest product, DeepL Agent – an autonomous, secure AI agent designed to take on the time-consuming, repetitive tasks knowledge workers face every day,” said DeepL CEO and Founder Jarek Kutylowski, in a statement.
“Now in beta testing with some of our global customers, this is an exciting natural next step for DeepL in our mission to solve real-world challenges with purpose-built AI and is just the beginning of a tool that we believe will redefine how businesses operate,” he added.
Other AI developers targeting the enterprise market include Microsoft (MSFT), Microsoft-backed OpenAI, and Anthropic, which is backed by Amazon (AMZN) and Alphabet (GOOGL) (GOOG).
- ServiceNow (NYSE:NOW) said it will offer federal agencies discounts of up to 70% on its products to help boost workflow efficiencies.
“The Trump Administration is committed to leveraging the power of AI to transform government operations and enhance citizen services, ensuring we operate with efficiency and agility, while leveraging innovative technology,” said General Services Administration Acting Administrator Michael Rigas, in a statement.
“This partnership with ServiceNow will be instrumental in streamlining government technology, driving efficiency, and unlocking significant taxpayer savings,” Rigas added.