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The Senate considers rolling back fuel efficiency rules, while Volkswagen announces robotaxis for Uber in LA, with 500 arriving next year. Meanwhile, Toyota plans to hike US car prices by $270 starting July, reflecting industry shifts amid regulatory and tech changes.

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Financial Markets
How Huawei’s silicon strategy defies US sanctions, advances China’s AI ambitions
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Despite being hit by US sanctions in 2019, Huawei pushed forward with its ambitious AI chip development, unveiling the Ascend 910—a processor it claimed was the world’s most powerful for AI training. But the US tightened restrictions in 2020, blocking semiconductor sales and throwing a wrench into Huawei’s plans. Now, the company’s ability to keep advancing its silicon strategy is a test of China’s broader tech resilience and AI ambitions.
Editor’s Note: This isn’t just about Huawei—it’s a high-stakes showdown over who controls critical tech like AI and semiconductors. If Huawei can keep innovating despite sanctions, it signals China’s growing ability to sidestep US pressure, reshaping the global tech race. If it stumbles, it could slow China’s AI ambitions and reinforce US dominance in cutting-edge chips. Either way, the ripple effects will be huge.

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