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By MATT BROWN

WASHINGTON (AP) — Nvidia CEO Jensen Huang met separately with President Donald Trump and Republican senators Wednesday as tech executives work to secure favorable federal policies for the artificial intelligence industry, including the limited sale of Nvidia’s highly valued computer chips to U.S. rivals like China.

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Huang’s closed-door meeting with Republicans on the Senate Banking Committee came at a moment of intensifying lobbying, soaring investments and audacious forecasts by major tech companies about AI’s potential transformative effects. read more

A Manhattan judge has ordered OpenAI to provide the Daily News and other news outlets with millions of anonymous chats between ChatGPT and its users in a major ongoing copyright infringement case.

In a nine-page order made public Wednesday, Manhattan Magistrate Judge Ona Wang denied OpenAI’s request to reconsider her November ruling requiring the tech giant to hand over 20 million ChatGPT output logs to the media outlets.

The newspapers want to analyze a sample of ChatGPT’s consumer logs to test its language-learning model to see whether and how it’s propagating journalists’ work.

The ruling comes in a major consolidated class-action lawsuit against Microsoft and OpenAI initiated in 2023, in which The New York Times, The News and affiliated outlets with Tribune Publishing and MediaNews Group allege the artificial intelligence company is stealing and distorting their copyrighted works. The Authors Guild and a litany of best-selling writers are also parties in the complex litigation. read more

By Jarrell Dillard, Bloomberg News

U.S. companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market.

Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months. The median estimate in a Bloomberg survey of economists called for a 10,000 gain.

Wednesday’s weak ADP report risks heightening concerns of a more rapid deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of the year next week. It could hold more sway than usual as one of the few up-to-date reports officials will have by then, as the shutdown delayed the government’s November jobs report.

Policymakers have been torn as to whether they’ll cut interest rates for a third straight meeting as they attempt to balance the slowdown in the job market with still-elevated inflation. Investors, however, widely expect the Fed to lower borrowing costs next week. read more

By RIO YAMAT, Associated Press

The longest government shutdown on record cost Delta Air Lines an estimated $200 million, CEO Ed Bastian said Wednesday in the first disclosure by a U.S. airline regarding the shutdown’s financial impact.

Bastian told investors that refunds “grew significantly” as bookings also slowed amid the uncertainty in air travel caused by the 43-day shutdown, contributing to Delta’s loss of about 25 cents per share.

The shutdown, which began Oct. 1, led to long delays at major airports and historic flight cancellations at 40 of the country’s busiest airports as more unpaid air traffic controllers missed work, citing additional stress and the need to take on side jobs. As the shutdown dragged into a second month, the Federal Aviation Administration issued an emergency order requiring commercial airlines to cancel up to 6% of their domestic flights — a decision that Transportation Secretary Sean Duffy described as necessary to guarantee safe air travel.

“When you’ve got the secretary of transportation telling people we don’t have controllers, questioning the safety at some level of travel, which has never before happened,” Bastian said, it led to more customers holding off on booking their holiday travel. read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

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In comments at the New York Times’ DealBook Summit, Bessent said that “there is a disconnect with the framing of the Federal Reserve” and added that, “unless someone has lived in their district for three years, we’re going to veto them.” read more