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While the world and private enterprise are adopting AI rapidly in their workflows, government isnt far behind. The U.K. government has said early trials of AI-powered productivity tools can shave two weeks of labor off a years work, and AI companies are adapting to that need. More than 1,700 AI use cases have been recorded in the U.S. government, long before Elon Musks DOGE entered the equation and accelerated AI adoption throughout the public sector. Federal policies introduced in April on AI adoption and procurement have pushed this trend further. Its unsurprising that big tech companies are rolling out their own specialist models to meet that demand. Anthropic, the maker of the Claude chatbot, announced last week a series of models tailored for use by government employees. These include features such as the ability to handle classified materials and understand some of the bureaucratic language that plagues official documents. Anthropic has said its models are already deployed by agencies at the highest level of U.S. national security, and access to these models is limited to those who operate in such classified environments. The announcement follows a similar one by OpenAI, the makers of ChatGPT, which released its own government-tailored AI models in January to streamline government agencies access to OpenAIs frontier models. But AI experts worry about governments becoming overly reliant on AI models, which can hallucinate information, inherit biases that discriminate against certain groups at scale, or steer policy in misguided directions. They also express concern over governments being locked into specific providers, who may later increase prices that taxpayers would be left to fund. I worry about governments using this kind of technology and relying on tech companies, and in particular, tech companies who have proven to be quite untrustworthy, says Carissa Véliz, who researches AI ethics at the University of Oxford. She points out that the generative AI revolution so far, sparked by the November 2022 release of ChatGPT, has seen governments scrambling to retrofit rules and regulations in areas such as copyright to accommodate tech companies after theyve bent those rules. It just shows a power relationship there that doesnt look good for government, says Véliz. Government is supposed to be the legislator, the one making the rules and enforcing the rules. Beyond those moral concerns, she also worries about the financial stakes involved. Theres just a sheer dependency on a company that has financial interests, that is based in a different country, in a situation in which geopolitics is getting quite complicated, says Véliz, explaining why countries outside the United States might hesitate to sign on to use ClaudeGov or ChatGPT Gov. Its the same argument the U.S. uses about overreliance on TikTok, which has Chinese ties, amid fears that figures like Donald Trump could pressure U.S.-based firms to act in politically motivated ways. OpenAI didn’t respond to Fast Company‘s request for comment. A spokesperson for Anthropic says the company is committed to transparency, citing published work on model risks, a detailed system card, and collaborations with the U.S. and U.K. governments to test AI systems. Some fear that AI companies are securing those big DoD bucks, as programmer Ashe Dryden put it on Mastodon, and could perpetuate that revenue by fostering dependency on their specific models. The rollout of these models reflects broader shifts in the tech landscape that increasingly tie government, national security, and technology together. For example, defense tech firm Anduril recently raised $5 billion in a new funding round that values the company at over $30 billion. Others have argued that the release of these government-specific models by AI companies isnt [about] national security. This is narrative laundering, as one LinkedIn commenter put it. The idea is that these moves echo the norms already set by big government rather than challenging them, potentially reinforcing existing issues. I’ve always been a sceptic of a single supplier for IT services, and this is no exception, says Andres Guadamuz, an AI researcher at the University of Sussex. Guadamuz believes the development of government-specific AI models is still in its early phase, and urges decision-makers to pause before signing deals. Governments should keep their options open, he says. Particularly with a crowded AI market, large entities such as the government can have a better negotiating position.
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E-Commerce
This year has not been kind to retailers in terms of store closures. But brick-and-mortar shops are not the only retail category that has experienced a decline in 2025. Banks are closing retail locations, too. One of Americas largest regional banks, Flagstar, closed 24 branch locations on May 30. The closures come after the banks parent company, Flagstar Financial, announced in January that it would be shuttering 60 branches this year. Heres what you need to know about the latest Flagstar branch closures. Whats happened? On May 30, Flagstar shut 24 bank branches for good, according to the Office of the Comptroller of the Currency (OCC), which is an independent bureau of the U.S. Department of the Treasury. The OCC regulates national banks in the United States. In its weekly bulletin for the period from May 25 to May 30, 2025, the OCC says that 24 Flagstar Bank branches were closed. However, the closures did not come as a surprise, as the company announced in January that it would shutter 60 branches. As Banking Dive previously reported, Flagstar Financial announced it would close the locations in an effort to consolidate its retail footprint and cut $600 million in operating costs from its balance sheet by the end of the year. Running physical locations incurs significant operating costs, and as more people turn to online banking first and try to avoid visiting branches if possible, those branches are used less, leading to a reduced return on investment for banks. Which Flagstar Bank branches have closed? According to the OCC, 24 Flagstar Bank branches closed on May 30. The branch closures impact locations in five states: Indiana, Michigan, New Jersey, New York, and Ohio. New York saw the most Flagstar Bank branches close in this round, with nine locations shutting down. Michigan and New Jersey saw six locations each shutter. Indiana saw two close and Ohio one. Fast Company reached out to Flagstar for comment and to ask if additional closings are expected. Here are the locations of the closed branches in each state. Indiana 5770 COVENTRY LANE FORT WAYNE IN 2926 MISHAWAKA AVENUE SOUTH BEND IN Michigan 210 WEST HURON STREET ANN ARBOR MI 29049 JOY ROAD WESTLAND MI 914 CHARLEVOIX DRIVE GRAND LEDGE MI 4675 32ND AVENUE HUDSONVILLE MI 5151 CORPORATE DRIVE TROY MI 500 WOODWARD AVENUE, Detroit, MI New Jersey 949 BROADWAY BAYONNE NJ 142 BROAD STREET ELIZABETH NJ 36 FERRY STREET NEWARK NJ 198 JEFFERSON STREET NEWARK NJ 2624 MORRIS AVENUE UNION NJ 133 S. LIVINGSTON AVENUE LIVINGSTON NJ New York 30TH AVENUE, ASTORIA, NY 625 ATLANTIC AVENUE BROOKLYN NY 102 DUFFY AVENUE HICKSVILLE NY 1608 KINGS HIGHWAY HOMECREST (BKLYN) NY 66-77 FRESH POND ROAD RIDGEWOOD NY 65-30 KISSENA BLVD. FLUSHING NY 509 OLD COUNTRY ROAD PLAINVIEW NY 194-02 NORTHERN BOULEVARD FLUSHING NY 100 JERICHO QUADRANGLE JERICHO NY Ohio ONE NORTH HAWKINS AVE. AKRON OH Flagstar’s stock price soars since closure announcement While many people prefer the ease and convenience of online banking, closures of physical bank branches can still have a negative impact on communities and certain groups of individuals. This is particularly true for older individuals who may not be as adept at using the internet or app-based banking, or who may simply prefer to visit a physical branch location to discuss their banking needs with a representative. Still, financial companies looking to cut costs often turn to branch closures as the quickest way to do so (that, and employee layoffs). And investors in those banks generally react favorably to those types of moves. Indeed, since Flagstar announced in January that it would close 60 branches, the companys stock price (NYSE: FLG) has soared. At the start of the year, FLG stock was trading in the $9 range. But by the end of January, after the company announced the branch closures, FLG stock jumped to nearly $12 per share. Year-to-date, FLG stock is currently up over 27% as of the time of this writing. On April 25, Flagstar Financial announced its Q1 2025 earnings, in which the company revealed that its operating expenses declined 22% year-over-year. The company says that as of March 31, Flagstar Bank held $97.6 billion in total assets, $73.9 billion in total deposits, and operated approximately 400 locations. Its online branch locator tool shows that as of today, there are 363 Flagstar Bank locations in the United States.
Category:
E-Commerce
The U.S. and China held a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is “not easy” but the U.S. was “doing well” at the negotiations.A Chinese delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for several hours on Monday at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace.Wang Wentao, China’s commerce minister, and trade negotiator Li Chenggang are also in Beijing’s delegation.Lutnick said as he arrived Tuesday morning that the talks were “going well,” and he expected them to continue all day.Asked late Monday how the negotiations were going, Trump told reporters: “We are doing well with China. China’s not easy.”The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.Since the Geneva talks, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, visas for Chinese students at American universities and rare earth minerals that are vital to carmakers and other industries.Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the following day that the trade talks would resume in London.China, the world’s biggest producer of rare earths, has signaled it may ease export restrictions it placed on the elements in April, alarming automakers around the world who rely on them. Beijing, in turn, wants the U.S. to lift restrictions on Chinese access to the technology used to make advanced semiconductors.Trump said that he wants to “open up China,” the world’s dominant manufacturer, to U.S. products.“If we don’t open up China, maybe we won’t do anything,” Trump said at the White House. “But we want to open up China.” Associated Press writer Josh Boak in Washington contributed to this story. Jill Lawless, Associated Press
Category:
E-Commerce
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