#AI

Inflation surged to 3.8% in April, driven by energy prices and broad-based pressures, impacting market expectations for Federal Reserve policy. OpenAI CEO Sam Altman testified in a high-profile legal battle. Nvidia’s CEO joined a US trade delegation to China amid chip restrictions. Regulatory shifts include an FDA commissioner change and a Fed governor confirmation. Meanwhile, the domestic box office is experiencing a strong summer season, reflecting resilient consumer spending.

Nvidia is partnering with AI startup Ineffable Intelligence, founded by former DeepMind leader David Silver, to develop “superlearners.” This collaboration focuses on building AI systems that learn continuously from real-world experience, a departure from traditional data-driven methods. Leveraging Nvidia’s advanced hardware and platforms, the partnership aims to create AI capable of discovering new knowledge autonomously, pushing the boundaries of artificial general intelligence.

Tencent reported a 9% revenue increase in Q1 2026, missing analyst expectations. While domestic game revenue grew 6%, it decelerated from the previous year. The company highlighted AI as a key strategic focus, with AI-driven advancements boosting core businesses and generating cash flow for further AI investment. Financial technology and business services showed strong performance, particularly cloud and AI-specific services. Advertising revenue also saw a significant 20% surge, partly attributed to AI. Gaming revenue slowdown was linked to holiday timing shifts.

Nvidia CEO Jensen Huang will join President Trump’s delegation to China, a significant shift after initial reports of his exclusion. Trump personally invited Huang, underscoring Nvidia’s strategic importance in U.S.-China tech relations. Huang’s participation aims to facilitate dialogue on complex issues like AI chip export controls, crucial for both national security and global technology trade.

Amazon plans 30-minute delivery in dozens of US cities. Stock futures dip amid geopolitical tensions and AI’s rise. Trump’s China visit includes tech leaders to discuss trade and Taiwan. Microsoft CEO testified in the OpenAI legal battle. General Motors is cutting IT jobs amidst AI transformation. A proposed gas tax holiday aims to ease fuel price volatility. Housing market data shows cooling sales due to rising mortgage rates.

Google’s Threat Intelligence Group thwarted a large-scale cyberattack using AI to exploit zero-day vulnerabilities and bypass two-factor authentication. This highlights a growing trend of cybercriminals weaponizing AI tools like OpenClaw for rapid vulnerability discovery and exploitation. Both state-sponsored actors and private groups are showing increased interest in leveraging AI for cyber warfare, demanding continuous evolution in defensive strategies.

Micron’s stock is surging as AI demand fuels a memory chip supercycle. The company has seen significant gains, outperforming the broader market, driven by shortages and the conviction that AI growth will lead to substantial profits for semiconductor firms. Analysts anticipate a prolonged period of high demand and growth, with chipmakers expanding production to meet customer needs. This trend is creating a divergence from the wider market, with memory chip ETFs also showing strong performance.

The Nasdaq is projected to reach 30,000 points in the next year, driven by strong earnings validating the AI investment thesis. Dan Ives anticipates this rally, fueled by a “memory super-cycle,” to last at least two more years, highlighting demand for chips, software, and infrastructure. While some, like Michael Burry, warn of dot-com bubble parallels, the broad gains in chip and tech stocks suggest significant ongoing growth in AI infrastructure.

White House official Kevin Hassett downplayed immediate job loss fears due to AI, citing no current empirical evidence. However, he revealed a taskforce is studying AI’s long-term workforce impact. This contrasts with some tech companies like Block, which are using AI for automation and efficiency, leading to layoffs. The government acknowledges AI’s potential future shifts and is preparing for them.

OpenAI is providing the EU with access to its new cyber defense AI, GPT-5.5-Cyber, fostering transparency and collaboration. This contrasts with competitor Anthropic, which has not yet shared its cyber AI, Mythos, with the bloc. The EU welcomes OpenAI’s move, aiming to closely monitor the model’s deployment and address security concerns. OpenAI’s “EU Cyber Action Plan” emphasizes broad access to defensive tools for collective security.