UK Plans to Domestically Make 10% of Its Critical Minerals Needs

US Commerce Secretary Howard Lutnick emphasized the need for the European Union to ease technology regulations while discussing potential steel and aluminum trade agreements. He also addressed the implications of selling Nvidia's H200 chips to China and the upcoming Supreme Court ruling on tariffs from the Trump Administration during an interview on Bloomberg Surveillance.

Commerce Secretary Howard Lutnick announced that the decision to authorize sales of Nvidia’s H200 artificial intelligence chips to China is currently awaiting President Donald Trump's approval. This move comes amid ongoing discussions about the implications of such sales on national security, as highlighted during Lutnick's appearance on Bloomberg Surveillance.

The UK budget announcement this week may bring significant benefits for new electric vehicle (EV) owners, potentially enhancing incentives and support for the adoption of EVs. However, existing EV drivers could face negative repercussions, such as increased costs or reduced benefits.

Amazon.com Inc. has revealed that its data center operations exceed 900 facilities across more than 50 countries, a significant expansion that highlights the company's growing infrastructure in response to increasing demand for cloud services and artificial intelligence applications.

Researchers from universities in the UK and Italy have found that large language models (LLMs) struggle to understand puns, highlighting their limitations in grasping humor, empathy, and cultural nuances. This study suggests that AI's ability to engage with complex linguistic elements remains inadequate.

Bloomberg’s Caroline Hyde reports on the recent volatility in markets driven by investor anxiety surrounding AI and cryptocurrency. OpenAI has partnered with Foxconn to design AI data center hardware in the US, while Cerebras CEO Andrew Feldman comments on the US approval for advanced AI chips to be sold to the Middle East.

Meta is entering the power trading market to support its AI expansion, committing to long-term energy contracts to assist plant developers. This strategic move aims to bolster Meta's infrastructure as it continues to grow its artificial intelligence capabilities.

Bloomberg's Caroline Hyde reports on a turbulent week for markets driven by investor anxiety surrounding AI and cryptocurrency. OpenAI is collaborating with Foxconn to develop AI data center hardware in the U.S. Additionally, Cerebras CEO Andrew Feldman comments on the U.S. approval for advanced AI chips to be sold to the Middle East.