U.S. Government

The U.S. federal government is set to adopt Microsoft Copilot, a move facilitated by a new agreement with Microsoft and the GSA. Millions of government workers using the G5 license will gain free access to Copilot for a year. This aims to modernize operations, empower employees with AI tools, and potentially save taxpayers $3.1 billion in the first year. Microsoft is investing $20 million in training and support. Security is a priority, with FedRAMP High authorization pursued and existing tools bolstering “zero trust” frameworks.

Gold Reserve Ltd. announced the U.S. Government’s Statement of Interest in the New York federal court litigation regarding the validity of 2020 PDVSA bonds. The U.S. supports the 2015 National Assembly of Venezuela’s claim that the bonds, issued by the Maduro regime, are invalid under Venezuelan law and urges the court to consider the Assembly’s views. While taking no position on pending summary judgment motions, the U.S. affirmed recognition and support for the 2015 National Assembly as the government of Venezuela. Investors are cautioned to review Gold Reserve’s filings for risk factors.

Shortly after Nvidia’s H20 chip sale to China was approved, AMD confirmed it will resume exporting its MI308 chip to the Chinese market. The U.S. Department of Commerce will review AMD’s license application. These AI hardware export restrictions, imposed by both the Biden and Trump administrations, have negatively impacted AMD’s financials, with potential losses reaching $800 million. The policy shift allowing MI308 exports is a boost for AMD, reflected in a nearly 5% stock price surge. This decision marks a policy reversal, particularly from the previous Trump administration’s stance.