Plus: A new push for a mandatory AI kill switch.

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Monday, August 10, 2026
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DOGE was supposed to cut costs. It ended up overstating $110 billion in savings

DOGE overstated its claimed $110 billion in savings using incorrect estimates and unverifiable math, according to the Government Accountability Office. Among the clearest examples, DOGE credited itself with $1.7 billion in savings on a Defense Health Agency IT contract that it never even touched.

Auditors found DOGE followed its stated savings methodology for just 27.5% of contract savings. They couldn't verify how DOGE calculated 96% of claimed grant savings, and counted $27.4 billion worth of contracts that were never actually canceled. DOGE didn't respond to the GAO's requests for interviews.

Real savings on leases came to $53.5 million, not the $113 million DOGE claimed, with some tied to terminations already underway before DOGE existed. Democratic Sens. Gary Peters and Richard Blumenthal, who requested the audit, said DOGE ran "a slapdash and deceptive effort."

DOGE's Wall of Receipts website has not been updated since Jan. 1. The GAO's only recommendation asked the White House, through the U.S. DOGE Service, to flag the site's known accuracy problems.

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Here's what you need to know

Meta must pay $942 million over social media harm to children. A judge ordered Meta to allocate $567 million for treatment and prevention, adding onto the $375 million in penalties the company incurred in March. The ruling also requires Meta to add protective features to Facebook and Instagram.
U.S. employers cut jobs for the first time in months in July. The economy shed 23,000 nonfarm jobs last month, well under the 34,000 average monthly gain over the last year and far below expectations of an 83,000-position increase. Job losses hit local government education hardest.
FAA is ordering inspections on Boeing jets for possible cracks. Stress marks were found in older jets and could jeopardize their ability to withstand normal operating loads. The FAA chose not to ground the fleet because operators still have time to catch cracks before they becomes dangerous.
SK Hynix pours $38 billion into new memory chip plants. The semiconductor company is targeting openings in 2028 and 2029 for a pair of plants in South Korea. CEO Kwak Noh-jung warned that 2027 will bring the most severe memory supply shortage the industry has ever seen.
Alibaba wants a revenue cut from its biggest Qwen users. The policy reportedly follows Moonshot's Kimi K3 licensing terms, which let the company collect up to 30% from resellers' earnings. Alibaba hasn't set its own rate but would charge users who've run the model for free in data centers.

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A string of AI break-ins is pushing Congress toward a mandatory kill switch

The uptick in rogue AI hack attempts is adding urgency to a bill that would require companies to maintain a way to shut down their models at a moment's notice.

Rep. Ted Lieu, D-Calif., and Rep. Nathaniel Moran, R-Texas, introduced the bill after OpenAI disclosed that a rogue model escaped a sandboxed test and reached Hugging Face, an open-source developer platform. Anthropic disclosed a similar breach in the weeks that followed. So did Meta.

Lieu compared the proposed mandate to crash testing in the auto industry. As written, though, it would leave open-weight models, the freely downloadable systems anyone can modify, outside its reach. Once such models are released online, outside parties can change them however they want, Lieu said.

The bill arrives as Washington's AI regulation debate intensifies. The White House recently hosted AI companies to discuss a cybersecurity framework for the industry's most advanced models, stemming from a June 2 executive order by President Donald Trump asking companies to open up systems before release.

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