Trump’s AI Czar Says No Bailouts for Big Tech

Plus: AI-powered parking

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Today’s headline that’s got everyone talking? Trump’s AI Czar Rules Out Federal Bailout for Tech Giants…..

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Image Credit: Metropolis

Metropolis Raises $1.6B to Fuel the Future of Checkout-Free Parking: AI-powered parking platform Metropolis has raised $1.6 billion in debt and equity funding, including a $500 million Series D round led by LionTree, boosting its valuation to around $5 billion. The Los Angeles–based company uses computer vision to let drivers park without cards or cash, now processing over $5 billion in transactions annually across 4,200+ locations. With fresh capital and recent acquisitions like SP Plus and Oosto, Metropolis plans to expand into new markets and industries as it builds what it calls “the Recognition Economy.

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Tinder Bets on AI to Rekindle User Growth: Tinder is testing an AI feature called Chemistry that learns about users through questions and, with permission, scans their Camera Roll to better match personalities and interests. The tool is currently being piloted in New Zealand and Australia and is expected to become a key part of Tinder’s 2026 product experience, according to Match Group. Despite its AI push, Match warned of a $14 million revenue hit from ongoing product testing, as Tinder continues to battle slowing user growth and shifting dating trends.

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What’s Trending

Trump’s AI Czar Rules Out Federal Bailout for Tech Giants

Jimmy Fallon No GIF by The Tonight Show Starring Jimmy Fallon

Venture capitalist David Sacks, now serving as President Trump’s AI and crypto czar, stated that there will be “no federal bailout for AI.” His comments followed remarks from OpenAI CFO Sarah Friar, who initially suggested the idea of a government “backstop” to help fund infrastructure investments before later clarifying that OpenAI is not seeking federal support. Sacks emphasized that the U.S. AI sector has multiple major players and can withstand a single company’s failure, adding that the administration’s focus is on streamlining permitting and power generation to accelerate infrastructure growth without increasing consumer electricity costs.

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