Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.

Governor Kathy Hochul is positioning New York as a hub for artificial intelligence companies, arguing that competitive tax rates for high earners and immigrant talent can help the state win the race to lead in the technology.

Lenders including Blackstone Inc. and Ares Management Corp. are providing roughly $3.6 billion of private debt to help finance Warburg Pincus’ acquisition of Park Place Technologies, according to people with knowledge of the matter.

Republican Senator Ted Cruz kicked off a debate over artificial intelligence policy by proposing legislation to enshrine a “light-touch” approach to regulating the emerging technology.

Oracle Corp. is having a record-breaking day in the stock market after delivering blockbuster guidance that has Wall Street buzzing about the opportunities in artificial intelligence.

EchoStar Corp.’s sale of billions of dollars in wireless spectrum to AT&T Inc. and SpaceX will benefit Charlie Ergen and the companies involved, but may leave consumers facing higher prices and fewer choices for mobile phone service.

Jonathan Gould, the head of the Office of the Comptroller of the Currency, said he wants to eradicate what he calls a two-tiered system that stigmatizes “legally, permissible activities” between some banks and the digital asset industry.

Private equity firm Vector Capital is closing in on deal to buy SingleStore, a database startup backed by the venture arms of Google and Dell Technologies Inc., according to people familiar with the matter.