Trump directs all federal agencies to stop using AI company Anthropic's technology | Directive comes amid a feud between the Pentagon and the company over how technologies are used by military

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Indeed, Paramount is already in cost-cutting mode, after boss David Ellison merged it with his film studio Skydance last year. Many analysts are expecting further cuts, especially since Paramount took on debt to finance the deal.

"We did share last quarter that memory and storage costs made up roughly 15 percent to 18 percent of our PC bill of materials, and we now currently estimate this to be roughly 35 percent for the year," said CFO Karen Parkhill on the company's latest earnings call. She also confirmed that part of the company's response will be price increases. Samsung similarly warned of potential price increases due to AI-induced memory shortages.

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U.S. tells embassy staff in Israel to leave now if they want amid Trump threats to attack Iran

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