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DALLAS — As companies and capital flow away from traditional financial hubs like New York and California, one southern state is making an increasingly aggressive bid to become America's next financial powerhouse.

Speaking with Fox News Digital from the Texas Stock Exchange's Dallas headquarters, former Congressman Jeb Hensarling, a strategic advisor to the exchange, said Texas is already becoming "the economic center of gravity in America."

"Texas is really becoming the economic center of gravity in America," Hensarling said.

"As New York is increasingly shoving capital out, Texas is saying, 'You're welcome.' We put out the welcome mat, whereas New York, capital isn't really made to feel at home, and capital wants to go where it's made to feel at home."

AMERICA’S NEXT ECONOMIC POWERHOUSE MAY BE RISING IN RED-STATE TERRITORY

The Texas Stock Exchange, which received Securities and Exchange Commission approval last year, is designed to compete with the New York Stock Exchange and Nasdaq by giving companies another venue to go public and list their shares.

Supporters say the exchange is the latest sign the Lone Star State is evolving from a destination for corporate relocations into a financial center capable of challenging Wall Street.

"Texas has been a great place to do business for decades," Hensarling said. "But increasingly, it's a great place to headquarter your business. Over the last couple of legislative sessions, because of laws passed, it's a great place to incorporate your business. And really the last piece of that puzzle was the Texas Stock Exchange, which is now making Texas the best place to list your company and to go public."

THIS STATE ISN'T JUST GROWING — ITS ECONOMY IS GETTING RICHER PER RESIDENT

The exchange has already secured primary listings from companies such as Energy Transfer, Dillard's, Sunoco and Texas Capital Bank. Hensarling said backing from major financial firms such as JPMorgan and BlackRock, along with executives recruited from competing exchanges, demonstrates the venture is more than a branding exercise.

"They don't put their capital in places where they think it's going to lose money," Hensarling said. "It's a lot of validation from the market already."

Hensarling also dismissed criticism that "Y'all Street" is little more than a catchy slogan.

"If it was gimmicky, I'm not really sure the competition would be all of a sudden setting up offices here," he said.

Hensarling pointed to the exchange's financial backers, executives recruited from rival exchanges and companies that have chosen Texas as their primary listing as evidence that it has quickly become a credible competitor.

Hensarling said the exchange is simply the latest chapter in Texas' broader economic ascent.

"People are coming to Texas because, again, capital is made to feel welcome," he said. "It's an economic juggernaut... all in all, they're coming here because this is where, economically, the action is."

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Artificial intelligence researcher Jeffrey Ladish told Fox News Digital that humanity does not have any real strategies to keep increasingly autonomous AI models and agents under control as they become more capable of hacking, cheating and ignoring instructions.

Ladish, the executive director of Palisade Research, said those skeptical of how powerful AI will become should consider how far the technology has advanced in just a few years.

"You have AI agents ... solving one of the hardest problems in mathematics that humans have been trying to solve for decades," Ladish said, referring to the Navier–Stokes problem. "Three years ago they were solving high school level math problems."

Ladish also pointed to the rapid improvement in AI-generated images and video, arguing that people who mocked the famously distorted AI videos of Will Smith eating spaghetti just a few years ago might be surprised by the photorealistic outputs some models are now able to produce.

BILL GATES WARNS ARTIFICIAL INTELLIGENCE 'POWERFUL ENOUGH' TO CAUSE 'A BILLION DEATHS' IF UNCHECKED

While these capability leaps may feel sudden to the general public, researchers who spent years training models at companies like Anthropic and OpenAI saw what was coming, Ladish said.

Ladish helped build Anthropic's security team from September 2021 to October 2022 before leaving to found Palisade Research, which studies whether humans can remain in control of increasingly capable AI systems.

While working at Anthropic, Ladish said employees there were "pretty concerned" about where the technology was headed, a view he said was also shared by people he knew at OpenAI.

"If you were at Anthropic in 2022, you were seeing every training run get immensely impressive results," Ladish said.

AI EXTINCTION WARNINGS DOMINATE HEADLINES AFTER EX-ANTHROPIC EMPLOYEE'S VIRAL POST

AI models are trained in a way that is somewhat analogous to how humans learn, though on a much larger scale.

"I often compare this pre-training part, which is where they learn based on human data, to book smarts. It's sort of like you've read every single book in the library 50 times. And you really know those books inside and out," Ladish said.

Once the model has reached a baseline level of knowledge, it must then be trained to perform real-world tasks through a grueling process known as reinforcement learning.

Using accounting as an example, Ladish said the AI is given tens of thousands of accounting problems to solve through trial and error, repeating them millions of times across thousands of parallel training runs.

Unlike a human, who might spend four years earning an accounting degree and decades gaining experience, AI agents are trained across thousands of GPUs by companies with the resources to operate them, allowing them to improve at a pace no single person could match.

REP. TED LIEU: AI IS ALREADY TOO POWERFUL. WE NEED A KILL SWITCH BEFORE DISASTER STRIKES

While AI labs have been able to exponentially improve their models' capabilities, they have yet to solve the problem of reliably getting them to follow instructions and behave morally without employing deception tactics, Ladish said.

The Hugging Face incident is the clearest example of this. Roughly 700 AI agents created by OpenAI were able to break out of a secure sandbox environment and hack into Hugging Face, a popular online platform where developers share and build artificial intelligence models.

"They were not supposed to talking to each other and they managed to establish multiple secret message boards that went undetected by OpenAI for like months. And then they launched this massive cyberattack," Ladish said. "OpenAI trained them to work together, but ... they're still planning to train them to work together. And other companies are doing this too."

Ladish warned that unless developers can prevent AI agents from colluding with one another, they could eventually dominate humans in the cyber domain. He also described a future where humans could be forced to rely on well-intentioned AI to defend against malicious AI.

AN AI CYBERATTACK COULD TURN OFF AMERICA'S LIGHTS BEFORE WASHINGTON EVEN UNDERSTANDS WHY

"We actually just don't have general solutions to these problems, and I think it's pretty clear that if you keep pushing them, this goes to a very bad place," he said.

As one example, Ladish said he could envision AI systems eventually outperforming human traders in the financial markets.

"If those AIs are answering to AI companies, then the AI companies will dominate finance and just eat the entire industry. But if the AIs are not answerable to the AI companies — if they actually have figured out how to themselves be in control — well, now you have this non-human entity dominating the finance markets."

Ladish said he believes the same dynamic could eventually extend beyond the digital world and into manufacturing should AI systems become capable enough to design and operate autonomous factories.

"If you have these agents in control of all of the computers and you have these robotic facilities that can really self-replicate, humans get displaced. Maybe we don't make it because your house could be used to host a power plant, or a data center, or a factory or robotic launch facility," he said.

However, like other experts who have warned about the worst possible outcomes of AI run amok, Ladish said he believes there is still time to reduce the risks. He called for the creation of a government body staffed with technical experts to work with AI labs and evaluate advanced models at each stage of development.

"We have choices to make," he said. "This is going places. This is a technology that is very different than other technologies."

Anthropic and OpenAI did not immediately respond to Fox News Digital's requests for comment.

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With October being one of the busiest sports months of the year, you might’ve missed that the NHL started earlier this week. You won’t want to miss the offer from Betr to receive $200 in bonuses when using promo code FOXNEWS on any NHL game tonight.

One of the games you might want to consider tonight is the matchup between the Rangers and Red Wings. Any time two of the Original Six teams get into the rink together, it is an exciting matchup. 

This is a back-to-back for the Rangers, and even in the early days of the season, it can be difficult to play through those. The team is deep enough and has the talent needed on multiple lines to be competitive, regardless of the travel concerns. 

As always, it is important to look to the goalie for a matchup. Igor Shesterkin started last night, so it is likely that backup goalie Joonas Korpisalo will be in the net tonight. Last season, he was 14-9-6 with a 3.15 goals-against-per-game average. 

On the other side are the Detroit Red Wings, who come into this game with the rest advantage, as well as the home-ice advantage. The Red Wings want to get their opponents into mistakes and try to push the puck up the ice. Dylan Larkin, Lucas Raymond, and Alex DeBrincat will work to find their opportunities in this one.

The Red Wings are likely to have John Gibson in the net to open this one. Last year he went 29-22-4 with a 2.72 goals-against-per-game average. He also was able to get four shutouts and a .901 save percentage last year. 

When the puck drops, be ready with Betr and their offer of $200 in bonus bets for tonight’s game with promo code FOXNEWS.

*Odds subject to change*

 

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LOS ANGELES — One of Hollywood's top executives offered praise for President Donald Trump as he rallied behind a proposed federal tax credit aimed to bringing back American jobs in the entertainment industry.

Netflix co-CEO Ted Sarandos was asked Wednesday by Bloomberg News' Lucas Shaw what his relationship with Trump is like as the two of them became more acquainted as the streaming giant pursued a buyout of Warner Bros. Discovery, ultimately losing to Paramount.

"Well... for everything else you wanna think, he's a guy who really cares about the entertainment business," Sarandos said at the outlet's annual Bloomberg Screentime summit. "And he cares about protecting the industry and creating jobs. And he loves creating jobs in the entertainment business in America."

TRUMP CALLS HOLLYWOOD A 'TOTAL DISASTER,' PUSHED FEDERAL TAX INCENTIVE FOR A FILM AFTER MEETING JON VOIGHT

In August, Trump expressed support for the federal tax incentive to keep film and television productions within the U.S. versus overseas. Over the past several years, countries like the United Kingdom, Australia and Canada have lured major Hollywood projects using tax credits, and the result was that it could become less expensive to shoot a production across the ocean than to film on the backlot of a legacy studio.

The proposed bill, formally introduced last week, has bipartisan support with Sen. Tim Scott, R-S.C. and Sen. Adam Schiff, D-Calif., co-sponsoring the legislation.

TRUMP, SCHIFF FORGE UNLIKELY ALLIANCE AS HOLLYWOOD BLEEDS JOBS

When asked whether he believed the bill will become law, Sarandos expressed some skepticism, citing "a couple of wild card things," such as the result of next month's midterms.

"I think it's a bipartisan approach, which helps a lot. I think it's completely sound, and it has a working model that's proven, that you can put a dollar in and get six to nine dollars out, depending on how well you administer the incentive," Sarandos said. "The problem is, is you have, depending on what's going to happen in a couple of weeks, you've got a lame duck session, and if you have a change in control and who wants to champion what, who wants to give you a win. The win for America is if that — if we got it. That would be a win for the country."

CLICK HERE FOR THE LATEST MEDIA AND CULTURE NEWS

The Netflix boss dinged Democrat-controlled California for allowing jobs to flee the state over the years.

"I just think over the years, California got, I think, complacent that the talent was here. They let the infrastructure age. They make it very difficult to shoot in the city of Los Angeles," Sarandos said.

Sarandos continued, "We just finished David Fincher's movie — [it] was no walk in the park. "Animals" ... we shot that in LA. We shot "Cliff Booth" in LA. And we shot the new season of ["Nobody Wants This"]... just those three productions alone — over $400 million in production spending in Los Angeles — without, you know, the best incentives."

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The hikes are part of immigration policy changes introduced to manage Japan's growing foreign population.

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NEW YORK — Irish Prime Minister Micheál Martin pushed back on the notion that Ireland has been "overrun" by immigrants as nearly one in four residents is now foreign-born, arguing that the country's dramatic demographic change has been driven largely by legal migration tied to its economic success story.

Martin, in an exclusive interview with Fox News Digital, acknowledged failures in Ireland's asylum system after a record surge in applications, saying it "was too slow" in recent years.

He also addressed moves to tighten citizenship rules and opened the door to publishing crime statistics by nationality amid a heated debate over immigration and crime.

The issue has become a political flashpoint across Europe and the U.S. and comes weeks after President Donald Trump warned about Europe's approach while appearing alongside Martin in Dublin.

"That immigration, what you're doing to yourselves, you're just killing yourselves," Trump said.

TRUMP SAYS HE WOULD 'LOVE' TO SEE IRELAND UNIFIED AS ONE NATION

"Ireland is not overrun in any shape or form," Martin told Fox News Digital. "But we are conscious that it is an issue that has to be addressed robustly, firmly, fairly as well in terms of those seeking asylum."

"All over Europe it's tightening up because of the pressures and migration has created significant political pressures across Europe," he added.

"Obviously, illegal migration is the more potent issue. And our system was too slow in processing those seeking asylum. That has changed. We've accelerated the application and the consideration of applications, and we've also now accelerated the appeals process."

Martin said his government is developing a new migration strategy that includes proposals to increase residency requirements for citizenship from five to eight years and introduce language and economic self-sufficiency requirements.

Immigration has become increasingly intertwined in Ireland's political debate with concerns over housing, crime and rapidly changing demographics in a country that was drastically more homogeneous a generation ago.

The issue burst into international view in November 2023, after Algerian-born Irish citizen Riad Bouchaker stabbed three young children and a childcare worker outside a school in Dublin, triggering riots as anger among some opponents of mass immigration spilled into violence on the streets of the capital. The unrest was followed by sustained opposition to government efforts to house asylum seekers in communities across the country, with some protests also descending into violent clashes.

Immigration returned to the spotlight this summer following the violent killing of Jamey Carney, a 43-year-old American mother from New York who was found dead at her home in County Kerry.

Her Jordanian boyfriend, the suspect in the case, had applied for asylum in Ireland but was rejected and was appealing the decision while remaining in the country. He fled Ireland for Turkey shortly after the killing, later traveling to Jordan and Irish police are now seeking his extradition.

Fox News Digital asked Martin whether the case exposed weaknesses in Ireland's immigration system and whether laws needed to be changed.

"We're looking at all of that in terms of tightening up the laws," Martin said. "We will make sure that, particularly if people's applications are rejected, that there's fast movement in terms of the consequences of that."

MIGRANT WHO FLED IRELAND AFTER AMERICAN MOTHER'S MURDER IS ARRESTED IN JORDAN

Critics of Ireland's immigration policies have argued that migrants are disproportionately responsible for crime, while opponents of that view say such claims unfairly stigmatize the country's growing foreign-born population. But the debate has been difficult to settle because Irish national crime statistics do not routinely publish nationality breakdowns, leaving limited public data to test competing claims.

The lack of data has prompted calls for greater transparency from women's advocates and some Irish lawmakers, including proposals to publish crime statistics broken down by nationality.

"I've no issue with data ... because that can inform, because sometimes you get a kind of distorted picture," Martin said when asked whether crime statistics should include the nationality of alleged suspects. "So as far as I'm concerned, data is important."

But Martin pushed back on the argument that nationality itself drives crime.

"I don't think crime is specific to any nationality," he said. "But there are issues there, and in some cases, yes, there's been horrific crimes committed, but not all by illegal migrants either."

Housing has become another flashpoint as Ireland struggles to build enough homes to keep pace with its growing population.

Martin acknowledged that workers arriving legally in Ireland add to housing demand but said his government’s answer is to increase supply, with about 36,000 homes built last year, up more than 20% from the previous year and the highest annual total since 2011.

The Irish government's reliance on hotels and other properties to house asylum seekers has itself become a flashpoint. The state spent about $1.4 billion on asylum accommodation and related services in 2025, while also buying properties outright, including the sprawling Citywest Hotel and Convention Centre for about $175 million.

The allocation of scarce public housing has further fueled the immigration debate.

The pressure is particularly acute in Dublin, where figures released by the city council this month showed 42% of the 15,005 households on its social-housing waiting list were categorized as non-Irish, fueling anger online as Ireland's homeless population hit a record high last month.

Nationally, 28.7% of social housing applicants — nearly 18,000 households — were non-Irish citizens in 2025, according to government figures provided to Fox News Digital. That included nearly 3,200 applicants from outside the EU with refugee status, up 64% from the previous year.

Asked whether Irish citizens should receive preferential treatment for social housing amid pressure on waiting lists, Martin backed the idea, saying that "our position is basically its citizens get priority."

Ireland's demographic transformation has been rapid.

Nearly one in four people living in Ireland was born abroad, up from about one in seven two decades ago. At 23.3%, Ireland now has the fourth-highest percentage of foreign-born residents in the European Union, according to Eurostat.

The transformation accelerated after the EU expanded eastward in 2004, a decision that helped fuel a sharp rise in immigration during Ireland's "Celtic Tiger" economic boom, when years of rapid growth transformed the country from one of Western Europe's poorer economies into one of its wealthiest.

"It's a bit like America really, free movement for the states here," Martin said. "Our economy's expanded hugely."

Martin pointed to financial services and medical devices as industries that rely on skilled foreign workers, including non-EU workers arriving on work permits. More than half a million non-EU citizens were living in Ireland at the start of 2025, accounting for 9.3% of the population, according to Eurostat.

"It has been very dramatic, I agree, in the last three decades, largely because of the economic growth of Ireland," Martin said. "You can't switch off an economy either."

Ireland's economy has undergone a remarkable turnaround since the economic stagnation of the 1980s, through the "Celtic Tiger" boom and a devastating crash in 2008, before rebounding strongly. Over those decades, Ireland became a major European base for U.S. multinationals including Apple, Meta, Pfizer and Johnson & Johnson.

Martin has been at the center of Irish politics through much of that period, serving in successive Fianna Fáil-led governments from 1997 before becoming prime minister, or Taoiseach, in 2020 and returning to the post in 2025.

Ireland's economy continued to expand in 2025, with GDP growing 8%, according to Ireland's Central Statistics Office (CSO).

But prosperity has not eliminated pressure on households: nearly 45% reported difficulty making ends meet, while 64% identified housing and the same share identified inflation and the cost of living as among Ireland's most pressing problems, according to the CSO.

Ireland's more recent migration pressures have included a post-pandemic surge in asylum applicants, including people arriving from Africa, the Middle East and elsewhere. Applications jumped from roughly 3,500 a year before COVID to a record 18,561 in 2024, before falling nearly 30% last year and continuing to decline in 2026.

Separately, more than 120,000 Ukrainians fleeing Russia's invasion arrived under the EU's Temporary Protection system rather than the asylum system. Martin said roughly 80,000 remain in Ireland, with many now working and contributing to the economy.

Martin also emphasized that EU free movement works in both directions, with Irish citizens themselves living and working throughout the bloc.

"Irish people are working and living all over Europe," Martin said. "That's the other side of that story and that is something perhaps that we're not as conscious of, but it is reality."

Martin also placed Ireland's modern demographic transformation within the country's much longer history of emigration, pointing to the exodus that followed the Irish Famine.

"Ireland had 8 million people in 1845 before the Great Famine. That led to the big wave of Irish people migrating to come to America," Martin said.

"We're not at that level yet on the island of Ireland, so we need to look at it through the broad sweep of history in a historical perspective."

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Passengers on the Flydubai flight bound for Israel filmed the moments following the stabbing.

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