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Some industry experts are skeptical whether Elon Musk’s unconventional methods and Donald Trump’s leadership will ultimately benefit AI regulation and the market at large, according to a new report. Trump has been re-elected as President of the US with Musk appointed to lead the newly established Department of Efficiency. New Delhi: Some industry experts are skeptical whether Elon Musk’s unconventional methods and Donald Trump’s leadership will ultimately benefit AI regulation and the market at large, according to a new report. Trump has been re-elected as President of the US with Musk appointed to lead the newly established Department of Efficiency. Musk’s role focuses on streamlining government processes and integrating advanced technologies, a development that marks a significant shift in the regulatory landscape for artificial intelligence (AI) and other emerging technologies. However, some industry experts remain skeptical, said GlobalData, a leading data and analytics company. According to forecasts, the global AI market is set to reach over $1 trillion by 2030, up from $103 billion in 2023, with a compound annual growth rate (CAGR) of 39 per cent over the period. Kamilla Kan, senior data scientist, Medical Devices team at GlobalData, said that with the increasing adoption of AI across sectors, the need for robust, forward-thinking regulations is more critical than ever. “AI technologies are becoming integral to a range of industries, and we expect this trend to accelerate globally in the coming years. However, it remains uncertain whether Musk’s approach will truly enable the responsible growth of AI or if it may inadvertently create regulatory gaps that could hinder the technology’s safe and ethical integration,” Kan emphasised. Musk’s efficiency-focused mandate includes developing frameworks aimed at streamlining AI compliance while fostering innovation, though there is uncertainty about how effective his approach will be in practice. His appointment reflects the government’s intention to strengthen the US position in AI and technology, which are now viewed as critical for economic growth and national security. Musk’s Department of Efficiency is expected to provide some regulatory consistency and clear guidelines to help businesses harness AI responsibly. However, concerns remain about whether this approach will adequately balance public trust with the rapid demands of technological advancement, said the report. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.Court issues contempt notice to Pichai over 'Pakhandi Baba ki Kartut' video
Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and RussiaEditor’s note: "Becoming a Digital Nomad" is part 11 of an ongoing series on how to retire early and the FIRE (Financial Independence, Retire Early) movement. Part one is How to Retire Early in Six Steps . To see all early retirement articles, jump to the end. For 99% of human history, humans were nomads. Now, what’s old is new again as more people embrace a modern version of this lifestyle — replacing spears with laptops. These digital nomads leverage technology to work remotely while living location-independent lives, moving between destinations domestically or abroad. For early retirees, it’s a way to blend remote work or passive income with the flexibility to explore the world, enjoying the perks of early retirement without fully stepping away from work. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Digital nomads as part of the FIRE movement The nomadic lifestyle aligns with the F.I.R.E. (Financial Independence, Retire Early) movement. Many nomads choose low-cost countries as their base, reducing expenses and investing their savings for long-term financial growth. According to MBO Partners , 18.1 million Americans — about 11% of the U.S. workforce — identify as digital nomads. As Carl Sagan put it: “We began as wanderers, and we are wanderers still.” Take Michael Wardian , a professional ultramarathon runner who ran 2,197 miles of the Appalachian Trail in just 50 days to celebrate his 50th birthday. The twist? He worked remotely the entire time, overseeing humanitarian food aid cargo as an international shipping broker. “Working remotely while running solidified my belief that if you’re dedicated and not afraid to ask for help, anything is possible... you can still do your job and chase your dreams simultaneously,” he says. If retiring early and becoming a digital nomad sounds appealing, careful planning is key. Here’s how to keep both your finances and your wanderlust on track. Financial Planning for Digital Nomads Michelle Schroeder-Gardner, founder of Making Sense of Cents , embraced a nomadic lifestyle after turning her personal finance blog into a full-time business. “Becoming a digital nomad allowed me to combine my love for travel with a career I could take anywhere,” she says. She now travels full-time on a sailboat with her family. Schroeder-Gardner emphasizes the importance of diversified, location-independent income streams, like earnings from her blog and dividend-paying stocks . CFP Board Ambassador Elaine King Fuentes agrees: “Have multiple income streams — a mix of service, like consulting and product-based businesses.” Both stress the need for emergency funds to cover unexpected expenses like medical emergencies or last-minute flights. Fuentes, who has lived and worked in multiple countries, adds, “Start with an emergency fund of at least one month’s expenses, and create a dedicated travel fund to support this lifestyle.” Managing retirement savings abroad presents additional challenges. U.S. citizens must pay federal taxes on worldwide income and may face account restrictions from U.S.-based brokerages. Fuentes suggests maintaining a U.S. address or using global banks like Charles Schwab or E-trade Morgan Stanley that offer fee-free international ATM withdrawals. For day-to-day money management, Schroeder-Gardner advises using travel-friendly credit cards with no foreign transaction fees . Fuentes also suggests multi-currency accounts to mitigate currency risks. Navigating taxes and legal considerations No matter where you go, the IRS follows. Fuentes encourages people to research tax rules in their home country and planned destinations, as “tax treaties can impact the duration of your stay.” U.S. citizens living abroad are taxed on worldwide income, but credits like the Foreign Earned Income Exclusion (up to $126,500 in 2024 and $130,000 in 2025) and the Foreign Tax Credit can help offset double taxation. Tax treaties between countries may further simplify filing requirements. Domestically, state taxes depend on primary residency. States like Texas and Florida have no state income tax, while others, like California, aggressively pursue tax liabilities even for those living out of state. Other states do not tax retirement income . Establishing clear domicile records is crucial for defending your obligations. Beyond taxes, research visa requirements for each destination. Some countries offer retirement-specific visas with income or asset requirements, while others allow longer stays with tourist visas. “Keeping important documents in cloud storage is a must,” says Schroeder-Gardner. Digitize essentials like passports, visas and tax returns to stay prepared on the move. Healthcare and insurance while traveling Early retirees under 65 won’t have access to Medicare , so you’ll need alternative health coverage. If not covered by remote work, the Affordable Care Act marketplace is one option. Many countries offer affordable, high-quality care, and some allow foreigners to join their public systems. Fuentes recommends exploring international health plans from providers like Cigna Global or IMG, which cover routine care, emergencies and medical evacuations. Travel medical insurance is also critical. Schroeder-Gardner notes, “Travel insurance has become a must for us.” Look for policies that include medical emergencies, trip cancellations and personal liability. And if you plan to bring medications with you on international travel , don't risk having them confiscated at the border. For those planning to travel abroad, consider focusing your trip on the safest countries to visit . Remote work: staying connected and productive Reliable internet is the foundation of remote work. Schroeder-Gardner ensures connectivity by researching options in advance and carrying backup solutions like multiple mobile hotspots. Similarly, Wardian relied on portable technology during his Appalachian Trail journey. “T-Mobile coverage for my phones and my Surface laptop worked surprisingly well, even in remote sections,” he says. Coworking spaces can also provide stable internet and a professional environment. To protect sensitive data, consider a VPN when working on public Wi-Fi. Adjusting to the digital nomad lifestyle Becoming a digital nomad requires more than packing a laptop — it’s a lifestyle adjustment. Schroeder-Gardner advises starting with short trips to test the waters. “This helps you gauge the impact on your financial and social life,” she says. Maintaining social connections is just as important as staying online. “Being a digital nomad can sometimes feel isolating, so finding online groups or meeting other travelers can make the experience more fulfilling,” she adds. Adjusting to constant change takes time. Wardian found success by creating a system with his team before hitting the trail. “I made myself available as much as possible for work tasks while staying flexible with my running schedule,” he says. For Schroeder-Gardner, “I plan my work schedule around travel activities, dedicating specific blocks of time to focus. ... But for the most part, I try to save the best weather days for traveling and experiencing a new destination.” Ultimately, flexibility may be the greatest need and perk of this lifestyle. You never know when the mountains, beaches or new cities will call and you must go. After all, that’s what we’ve been doing for most of our history. Read More About Early Retirement How to Retire Early in Six Steps How to Retire at 40 How to Retire at 50 or 55 Retire Early for Adventure: Go Travel and Volunteer Will Retiring Early Make You Happier? It's Complicated Early Retirement Withdrawal Strategies for the Long Haul Five Early Retirement Mistakes to Avoid The Rule of 55: One Way to Fund Early Retirement A Sabbatical May Be a Smarter Move Than Early Retirement How SEPP 72(t) Can Help You Retire Early and Dodge Penalties
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By LOLITA BALDOR and FATIMA HUSSEIN WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump said Wednesday that he has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia. Kellogg, who is one of the architects of a staunchly conservative policy book that lays out an “America First” national security agenda for the incoming administration, will come into the role as Russia’s invasion of Ukraine enters its third year in February. Trump made the announcement on his Truth Social account, and said “He was with me right from the beginning! Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!” Kellogg, an 80 year-old retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as national security adviser to Vice President Mike Pence , was chief of staff of the National Security Council and then stepped in as an acting security adviser for Trump after Michael Flynn resigned. As special envoy for Ukraine and Russia, Kellogg will have to navigate an increasingly untenable war between the two nations. The Biden administration has begun urging Ukraine to quickly increase the size of its military by drafting more troops and revamping its mobilization laws to allow for the conscription of troops as young as 18. The White House has pushed more than $56 billion in security assistance to Ukraine since the start of Russia’s February 2022 invasion and expects to send billions more to Kyiv before Biden leaves office in less than months. Trump has criticized the billions that the Biden administration has poured into Ukraine. Washington has recently stepped up weapons shipments and has forgiven billions in loans provided to Kyiv. The incoming Republican president has said he could end the war in 24 hours, comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. As a co-chairman of the American First Policy Institute’s Center for American Security, Kellogg wrote several of the chapters in the group’s policy book. The book, like the Heritage Foundation’s “Project 2025,” is a move to lay out a Trump national security agenda and avoid the mistakes of 2016 when he entered the White House largely unprepared. Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” Related Articles Trump’s proposed national security advisor U.S. Rep. Michael Waltz (R-Fla.) tweeted Wednesday that “Keith has dedicated his life to defending our great country and is committed to bringing the war in Ukraine to a peaceful resolution.” Kellogg was a character in multiple Trump investigations dating to his first term. He was among the administration officials who listened in on the July 2019 call between Trump and Volodymyr Zelenskyy in which Trump prodded his Ukrainian counterpart to pursue investigations into the Bidens. The call, which Kellogg would later say did not raise any concerns on his end, was at the center of the first of two House impeachment cases against Trump, who was acquitted by the Senate both times. On Jan. 6, 2021, hours before pro-Trump rioters stormed the U.S. Capitol, Kellogg, who was then Pence’s national security adviser, listened in on a heated call in which Trump told his vice president to object or delay the certification in Congress of President Joe Biden ’s victory. He later told House investigators that he recalled Trump saying to Pence words to the effect of: “You’re not tough enough to make the call.” Baldor reported from Washington. AP writer Eric Tucker in Washington contributed to this report.Uber What is the risk to deportation from Trump's immigration policy on rideshare and food deliveryNone
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