Energy in America

China tops the US in AI race

As more industries are becoming robotized, China is dominating the United States when it comes to the development of artificial intelligence (AI).

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___ Bitcoin soars then falls back; banks raise risk concerns NEW YORK (AP) — The price of bitcoin is swinging wildly Thursday, rising to more than $19,000 only to fall sharply minutes afterward.

ExxonMobil, Chevron, Shell paid no tax in Australia for 2016

Exxon Mobil Corp. and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday.

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___ Senate Republicans barrel toward sweeping tax overhaul WASHINGTON (AP) — The Senate is barreling toward the most sweeping rewrite of the tax code in more than three decades.