US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.

The US tariff situation may have fallen off the front pages of many newspapers, but the business media remains on top of the latest news from Washington. Despite Trump issuing an exemption for big tech in his tariffs on China, he has since signalled that it’s only a temporary measure and investigations are under way into the semiconductor and pharmaceutical trade – which could lead to their tariff exemptions ending. 

The US FTC has initiated an antitrust trial against Meta, alleging that the acquisitions of Instagram and WhatsApp were aimed at eliminating competition to maintain market dominance.

The International Energy Agency forecasts that electricity consumption by global data centres will double within five years, largely driven by the rise of powerful AI models.

Increasing reliance on AI-driven chatbots like ChatGPT for information retrieval offers quicker access to summaries and links but raises concerns about misinformation due to ‘hallucination’ and ‘confabulation’ errors.

Trump broke law by promoting Tesla stock but experts suggest not to expect a crackdown and DOnald Trump is a law onto himself.