Dollar heads for first weekly gain since mid-March
Despite these signs of progress, the dollar drops 4% since Trump first announces his 'Liberation Day' tariffs on April 2
Oil prices see weekly decline as oversupply concerns and trade tensions
Brent crude futures drop by 3.3% for the week, while U.S. West Texas Intermediate (WTI) crude falls by 4.2% for the week
Intel sets sights on challenging Nvidia’s dominance in AI chip market
Intel’s strategy will rely heavily on homegrown innovations rather than acquiring AI startups, as it did between 2016 and 2019
Google’s Waymo explores personal ownership of self-driving taxis, says Pichai
Waymo currently operates a fleet of over 700 vehicles, with 300 of them running in San Francisco
Baidu’s new AI chips support training of DeepSeek-like models, says CEO
Baidu also introduced its latest AI model, Ernie 4.5 Turbo and a new reasoning model Ernie X1 Turbo
Google says AI training could add £400 billion to UK economy
According to a report based on its UK pilot programme Google says workers could save 122 hours a year by adopting AI in admin tasks
Tokyo inflation hits two-year high on food price surge
The Tokyo core consumer price index increases 3.4% YoY in April, up from 2.4% in March and exceeding market expectations of 3.2%
Ziff Davis files lawsuit against OpenAI over ChatGPT’s use of copyrighted works
Ziff Davis' portfolio includes well-known tech news outlets like ZDNet, PCMag, CNET, IGN, and the advice website Lifehacker
Intel CEO meets TSMC CEO to explore potential collaboration
The discussion focuses on identifying areas of collaboration that could benefit both companies
Trump signs executive order to boost U.S. deep-sea mining industry
These extractions could contribute $300 billion to the U.S. GDP over the next decade and create approximately 100,000 jobs
Meta announces layoffs in Reality Labs division
Reality Labs posts a loss of $5 billion in the fourth quarter
Trump administration unveils plan to accelerate self-driving vehicle deployment
NHTSA will expand its Automated Vehicle Exemption Program to allow domestically produced self-driving cars to be exempt from safety standards
Canadian PM says Canada decides its own auto industry future
Carney accuses Trump of trying to break Canada’s position in the North American auto industry
IMF chief says stability first, but climate risks still part of the agenda
Kristalina Georgieva says high U.S. tariffs, the biggest in over a century, are the IMF’s top macro concern
U.S. banking regulators ease stance on cryptocurrency activities
Fed, FDIC, and OCC withdraw several supervisory documents urging banks to exercise caution in their dealings with digital assets