Transcript
A (0:01)
Xfinity Tech Support thanks for holding.
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Yep.
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C (0:31)
Here's your afternoon TNB Tech minute for Monday, March 9th. I'm Julie Chang for the Wall Street Journal. Anthropics sued the Trump administration today for designating the AI company a security threat in attempting to cancel its federal contracts. The company argues the administration exceeded its authority with harsh retaliation by naming Anthropic a supply chain risk and directing agencies to cut ties because it disagreed with the Defense Department on AI use. The dispute stems from Anthropic seeking explicit contract guarantees that its AI tools wouldn't be used for mass domestic surveillance or autonomous weapons, which the Pentagon rejected. Defendants listed include the Defense Department, Secretary Pete Hegseth and many other administration officials and federal agencies. A White House spokeswoman said President Trump will never allow a radical left woke company to jeopardize our national security. The Defense Department declined to comment. In another lawsuit, Archer Aviation, a company that designs electric flying taxis, sued rival Joby Aviation today, alleging Joby deceived federal regulators and investors for years by hiding extensive ties to Chinese suppliers. The suit claims Joby's actions undermine national security and contradict its American made branding. It alleges Joby operated a manufacturing subsidiary in Shenzhen, China, and misclassified aerospace imports. Archer is seeking injunctive relief damages, disqualification from an FAA pilot program and scrutiny of federal partnerships. An attorney for Joby dismissed the suit as nonsense. And Nasdaq is partnering with crypto exchange Kraken to offer 24. 7 tokenized stock trading. The exchange sought SEC approval in September for its plan to let investors trade tokenized versions of listed stocks and other exchange traded products with a focus on corporate governance. The framework is expected to launch in early 2027. The proposal requires final approval by the SEC. And that's it for your TMB Tech minutes. We'll have another quick tech update in the morning.