U.S. Brokers Global Minimum Tax with Support of 130 Nations

U.S. Treasury Secretary Janet Yellen revealed that 130 nations have agreed to a global minimum tax (GMT) on corporations as part of a larger agreement to update international tax rules. The Biden administration has urged that the rate be at least 15 percent, but Yellen has yet to announce an agreed-upon rate. The agreement — intended to end the practice of global corporations moving their headquarters to low-tax international jurisdictions — is a “key element” of Biden’s domestic plans for revenue and spending. Continue reading U.S. Brokers Global Minimum Tax with Support of 130 Nations

Anthill’s Whatifi Offers Interactive Storytelling via Mobile App

Anthill’s latest version of interactive storytelling app Whatifi is now available in the Apple App Store. Founded by Jaanus Juss and Hardi Meybaum, who have been exploring interactive storytelling in their native Estonia via live theater, the startup enables users to “choose their own adventure” in two stories: “As Dead as it Gets” and “Anatomy of a Decision.” The first is a “drunken night with a few bros” that turns into a supernatural fantasy. A character on the verge of death, the viewer must follow the advice of ghosts to return to the land of the living. Whatifi is now based out of Los Angeles and Estonia. Continue reading Anthill’s Whatifi Offers Interactive Storytelling via Mobile App

Companies Call on U.S. Government to Up Its AI Investment

The U.S. federal government has come up with $973.5 million for multiple agencies that have requested funding for non-defense-related artificial intelligence pursuits. (Spending on AI for national defense is classified.) This is the first time the government has done so, but numerous industry executives are already saying that it’s not enough to “maintain a competitive edge.” The Trump administration stated that the figures they are putting forward are more transparent than those from China, which aims to dominate AI by 2030. Continue reading Companies Call on U.S. Government to Up Its AI Investment