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_{Using leverage increases risk of loss. Leverage is subject to the Firm's review and the customer's risk profile.}

Google Proposes AI Governance Framework in America: Google has introduced a proposed framework on AI governance in America, aiming to shape regulations and best practices for AI development and use across sectors. Link

States

Developer Pledges $10 Million in Community Benefits for Proposed Data Center: Verrus is advancing a major data center proposal in southwestern Oakland County and has offered $10 million in community benefits as it seeks support for the project and courts Anthropic as a potential client. Link

Political Backlash Builds Against Rapid Data Center Expansion: Fast-growing data center development in California is fueling political pushback, with moratorium proposals and local planning changes emerging in response to infrastructure and environmental concerns. Link

Illinois Governor Signs Landmark AI Regulation Bill: Gov. JB Pritzker signed new legislation imposing stricter requirements on AI developers, including risk reporting obligations that lay groundwork for broader state AI governance. Link

New Jersey Legislature Votes to Eliminate AI Data Center Tax Credits: In a bipartisan move, legislators voted to scrap $250 million in tax credits tied to AI and data center development, reshaping the economics of future projects. Link

Virginia Officials Warn Data Centers Are Driving Up Electricity Costs: A county manager in Virginia said data center growth is contributing to higher household electricity rates, underscoring mounting concerns about energy strain and community impacts. Link

Texas Advances 765 kV Transmission Strategy for AI Infrastructure: Texas is expanding transmission capacity through a new 765 kV strategy designed to support the state’s push to attract more AI data center investment. Link

Microsoft’s $7.3 Billion Wisconsin AI Data Center Faces Class-Action Lawsuit: Residents near Microsoft’s Fairwater facility have filed a class-action lawsuit alleging noise and light pollution, highlighting local backlash to large-scale AI infrastructure. Link

U.S. and China Engage in Covert Battle Over AI Chatbot Knowledge: American tech firms allege Chinese rivals are using chatbots to extract know-how and strengthen domestic AI systems, underscoring rising geopolitical tension around model security. Link

AI's Role in Ransomware: A Human Touch Remains Essential: The first recorded AI-executed ransomware attack still depended on a human to choose the target, set up infrastructure, and provide credentials, showing autonomy in cybercrime remains partial for now. Link

TeraWulf Partners with Anthropic for $19 Billion AI Infrastructure Project in Kentucky: TeraWulf will work with Anthropic on an AI infrastructure campus in Kentucky in a deal expected to generate $19 billion in revenue. Link

China Sees a Surge in New Unicorn Start-Ups as AI and Robotics Thrive: China recorded its highest number of new unicorns in five years, fueled by strong momentum in AI and robotics despite uncertainty around the durability of some startups. Link

AI Companies Flood Startups with Free Computing Power: Major AI firms are giving startups substantial free compute in a bid to win business users and lock in future revenue streams. Link

Chinese Companies Shift from Nvidia to Local AI Suppliers: Chinese firms are increasingly replacing Nvidia accelerators with domestic chips, highlighting how U.S.-China tensions are reshaping AI infrastructure decisions. Link

Tech Layoffs in 2026 Linked to AI: A Comprehensive Overview: A growing list of major tech companies has cited AI as a factor in significant layoffs this year, illustrating how automation is already reshaping workforce strategy. Link

Meta AI's Alexandr Wang Discusses the Evolution of AI Models: In a recent interview, Alexandr Wang reflected on the progression of AI models from early systems to more advanced capabilities, framing AI as a major force in long-term technological development. Link

Tencent's Hy3 Outperforms GLM-5.2 with Half the Size: Tencent’s Hy3 removes license restrictions for EU and U.K. deployments, cuts hallucination rates in half, and runs on export-compliant Nvidia GPUs. Link

OpenAI Introduces GPT-Realtime-2.1 with Enhanced Reasoning and Reduced Latency: OpenAI has launched GPT-Realtime-2.1 and GPT-Realtime-2.1-mini, adding reasoning to the Realtime API while reducing p95 latency by at least 25%. Link