06 Market

News Source
EXCERPT:

Chinese cars are a security risk.

That’s the message Washington has been sending the American consumer: Cheaper vehicles aren’t worth exposing sensitive data to theft. Hence the massive tariffs aimed at China.

The difference is that Stellantis is now openly telling investors that these partnerships are central to its long-term strategy.

But while America was focused on keeping brands like BYD and NIO out of local dealerships, the global auto industry quietly found another way in.

And Stellantis just made that strategy official.

News Source
EXCERPT:

The U.S. government’s decision to stop Anthropic from offering its Mythos and Fable 5 models to non-U.S. nationals may end up providing a big boost to the adoption of open-source models, including those from Chinese AI labs like DeepSeek and Moonshot AI.

Users can download open-source models and run them on their own computers or cloud networks, effectively sidestepping the ability of both AI developers and governments to control access. These models can also be more easily fine-tuned by developers to tailor them for specific needs.

Chinese labs are already claiming a public relations win from the Anthropic controversy.

News Source
EXCERPT:

Trump administration officials began weighing sanctions on Anthropic weeks before they demanded the company take its latest and most advanced artificial intelligence model offline, after a dispute shattered the White House’s already-fragile trust in the company, according to two White House officials who spoke on the condition of anonymity to describe private deliberations.

 

News Source
EXCERPT:

TOKYO, June 17. /TASS/. Japan purchased approximately 364,000 barrels of oil from Russia in May this year, according to TASS calculations based on statistical data published by Japan’s Finance Ministry.

According to the data, Japan imported 58,000 kiloliters of Russian oil last month, equivalent to approximately 364,800 barrels. The purchases concerned oil linked to gas supply contracts under the Sakhalin-2 project, which is exempt from anti-Russian sanctions. The oil is also exempt from the price cap introduced by the G7 countries. According to TASS calculations, the price of Russian oil purchased by Japan in May amounted to approximately $103 per barrel.

News Source
EXCERPT:

New UK government AI planning prototype built with Gemini aims to halve the time it takes to process homeowner applications

Around the world, Governments are exploring how AI can deliver better public services, faster. The UK is working to build 1.5 million new homes by 2029, but local planning authorities are often slowed down by dense paperwork and administrative backlogs. To help get Britain building, we’re partnering with the UK government to help radically shorten the time it takes to process householder planning applications. Our goal is to help officers cut application decision times by 50%, freeing up time for planners so that more homes can be built. We’re excited to see how our National Partnerships for AI, which seek to support reimagining of public services to create more resilient societies, can help Britain build faster.

News Source
EXCERPT:

Bottom line: The math behind AI subscriptions is starting to look uncomfortable. Flat monthly pricing helped fuel the rapid adoption of tools like ChatGPT and Claude, but new analysis suggests those fees may not come close to covering the actual cost of heavy use. As users push these systems harder and more demanding AI workflows take hold, the gap between revenue and compute costs is becoming difficult to ignore.

SemiAnalysis has calculated how big that gap really is. After testing subscription tiers from both OpenAI and Anthropic – running long-horizon coding and agentic tasks until weekly limits were exhausted – the firm found that the cost of theoretical maximum usage of these plans if priced at standard API rates far exceeds what users actually pay.

News Source
EXCERPT:

A federal appeals court has approved of President Trump’s backup tariff plan — at least, for now.

On Thursday, the Court of Appeals for the Federal Circuit extended a block on a lower court ruling striking down the tariffs.

This means that President Trump can keep collecting 10% global tariffs under Section 122 temporarily as the further litigation continues.

Here are the details:

News Source
EXCERPT:

Wall Street’s major indexes ended sharply higher on Thursday, with stocks extending gains after U.S. President Donald Trump said he canceled planned strikes against Iran, and on the eve of the market debut of Elon Musk’s SpaceX.

Hours before the expected strikes, ‌Trump said ⁠on Truth Social ⁠that negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been okayed by a broad coalition of regional powers.

Oil prices dropped sharply, while stocks added to their rebound from the prior session’s selloff. On Wednesday, major Wall Street indexes fell more than 1% and the S&P 500 Technology Index confirmed a correction.

News Source
EXCERPT:

Scaling AI Safety Research for a Multi-Agent World

For the past decade, we’ve focused on making individual AI models more capable, helpful and safe. Today, Google DeepMind — together with Schmidt Sciences, the Cooperative AI Foundation, the Advanced Research and Invention Agency, and supported by Google.org — is announcing a new technical research funding call of up to $10M for researchers worldwide.

As AI technology scales, we’re entering a new era. Soon, millions of AI agents — built by different organizations — will interact across digital environments, communicating, negotiating and transacting with one another.

News Source
EXCERPT:

The AI industry has been pushing a narrative that the technology is a “black box” whose inner workings are so complex that they remain unknown even to the people making it. But another black box of AI is the underlying cost of the technology, and, specifically, what the AI boom is costing people who live near massive data centers. The data centers and energy plants that power large language models and other generative AI tools are subject to contracts cloaked in non-disclosure agreements and in many cases shielded from public scrutiny on the pretext that they contain competitive information.

A new report written by consultancy Synapse and commissioned by advocacy groups Earthjustice and Environmental Advocates Mississippi attempts to calculate the cost of 3 planned Amazon data centers to Entergy Mississippi customers, who share an energy utility with the centers. These hidden costs may offer a window into the broader burden borne by residents living near data centers around the country. The report estimates that residential customers of Entergy Mississippi, one of the state’s regional energy monopolies, have paid $38 million as of March 2026 for infrastructure and other costs related to data centers and will have paid $74 million by the end of the year.

News Source
EXCERPT:

IRAN plans to target Elon Musk’s SpaceX and Starlink facilities across the Middle East, including Israel, according to state media.

Companies owned by the Tesla boss will be considered “military targets”, state-owned Fars News Agency reports.

Tesla CEO Elon Musk talks with Nvidia CEO Jensen Huang during a US-Saudi Investment Forum Credit: Getty
The US has launched a wave of new strikes on Iran Credit: Getty

It said: “All interests related to economic holdings managed by Elon Musk in West Asia, including Arab countries and Israel, have been entirely included in the initial list for drafting new targets.

Iran reserves the right to attack all facilities related to holdings managed by Musk in the region.”

Iran Announces Closure Of Hormuz After US Attacks www.ndtv.com
News Source
EXCERPT:

Iran’s military command said Thursday it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the strategic waterway, as talks to end the war faltered.

The United States launched a new wave of attacks against Iran on Wednesday, with President Donald Trump vowing to “hit them hard” after accusing Tehran’s negotiators of “playing us for suckers”.

The Khatam al-Anbiya command said Thursday, “any vessel traffic through the Strait of Hormuz will be targeted” adding that the strait is now “completely closed to all types of vessel”, according to the Tasnim news agency.

News Source
EXCERPT:

Washington — President Trump on Wednesday applauded the latest inflation spike, saying the numbers are  “great” and “I love the inflation” because the U.S. “taking out” what he called “millions” of barrels of Iranian oil in the dead of night. The president added that he’s “just announcing today for the first time” that the U.S. is seizing Iranian oil.

Once the conflict is over, Mr. Trump said oil prices and inflation will drop rapidly. A reporter asked the president in the Oval Office Wednesday if he’s concerned that the Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. The new inflation numbers were released earlier Wednesday.