AI Race Heats Up As China Challenges U.S. Leadership
Hugging Face CEO Clément Delangue said China currently leads in open-source AI models and could challenge U.S. frontier models within the next year.
Power & Capital Desk
Federal Judge Allows Utah To Enforce Gambling Laws Against Kalshi
Judge Shelby concluded that it was "implausible" to interpret federal legislation as overriding Utah's authority to enforce its own gambling regulations.
FCC Says Chinese Robot Restrictions Aim To Boost U.S. Manufacturing
Last month, the agency expanded the restrictions to include connected humanoid and quadruped robots as well as power inverters used in renewable energy systems, data centres and electricity grids.
U.S. Sanctions Cuban Military Firms Over Russia And China Arms Deals
Under the sanctions, all property and financial assets of the designated individuals and organisations that fall under U.S. jurisdiction are frozen, and American citizens and businesses are prohibited from conducting transactions with them.
Palo Alto Networks Faces Chinese Cybersecurity Investigation
China's Cyberspace Administration said the investigation aims to protect critical infrastructure, prevent cybersecurity risks and safeguard national security.
Dominion Pockets Profits During Proposed Sale
Dominion said it has contracted an additional 5.3 gigawatts of data center capacity in Virginia so far this year, bringing its total demand from data centers to 53.8 gigawatts.
What Led To The $100 Billion Trump Tariff Refunds
U.S. Customs and Border Protection launched the Consolidated Administration and Processing of Entries (CAPE) system to process claims.
What New Sanctions Has China Imposed Ahead Of The Xi-Trump Summit
Several American firms were added to its countermeasures list, preventing Chinese individuals and businesses from cooperating with them.
Rubio, Trump Unveil $175 Million Counter-China Plan, Documents Show
The project is intended to prevent China from expanding its influence in the region through telecommunications infrastructure, benefiting projects in El Salvador, Guatemala, Honduras, Nicaragua, and Haiti.
Pentagon Signs Deal To Expand Patriot And THAAD Production
Undersecretary Michael P. Duffey said stronger supply chains are essential to expanding U.S. defense manufacturing.
Trump Criticizes Exxon, Chevron Over Iran War Profits
The increase has been driven in part by concerns over disruptions to oil shipments through the Strait of Hormuz.
US Pushes To Reduce Reliance On China's Rare Earth Magnets
Beijing's dominance of the sector and its use of export controls during the 2025 trade dispute prompted Washington to strengthen domestic production and diversify supplies.
ChatGPT Becomes Congress' Top AI Tool Amid Regulation Debate
According to CNBC's analysis of House spending records, ChatGPT accounted for about $100,580 of the $113,740 spent on identifiable AI tools between April 2025 and March 2026
Mamdani Announces City-Run Grocery Stores Will Offer 30% Discount. Critics Say It Will Crush Local Businesses.
Mamdani’s office noted that the basket of goods “will include all fresh produce, meat and seafood, along with roughly 20 additional categories of pantry staples, dairy and refrigerated goods.”
US Issues New Iran-Related Sanctions Targeting Insurers, More Tankers
Six of the entities targeted for sanctions were based in China, it said.
Senate Confirms Jay Clayton As US Intelligence Director
Clayton assumes leadership of an intelligence office facing staffing shortages and reduced institutional authority, with expectations that he will oversee efforts to rebuild the agency while managing key national security priorities.