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GM’s third-quarter sales fell 5.5% and its electric models collapsed, with the Equinox EV down 92.4% to 1,905 cars after America ended its $7,500 purchase credit.
TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes rather than anything used for AI.
Ford chief executive Jim Farley said it is too late for Europe to fend off Chinese carmakers and that the United States should take its time deciding. Ford’s own answer in Europe is a Valencia joint venture in which Geely holds 34% and will build two of the four electric models from 2028.
President Donald Trump has ruled out nationalising America’s leading AI labs. But the US might still take a stake in OpenAI and Anthropic, he told TIME in an interview published on Thursday. Eric Cortellessa and Sam Jacobs interviewed Trump at the White House on 28 September.
Australia’s public broadcasters, the ABC and SBS, want the country’s news bargaining incentive to cover AI companies. That would push them to strike commercial deals with Australian media to support journalism.
MI5 has told UK universities to review any work with the China General Technology Research Institute (CGTRI). It says the institute funds research for China’s Ministry of State Security (MSS). More than 100 UK-linked academics have worked on its projects, according to MI5.
AI could set off shocks in financial markets, and the UK has to be ready for them, Bank of England governor Andrew Bailey told the BBC on Thursday. He said the Bank is watching the money flowing into AI “very carefully”.
OpenAI president Greg Brockman and his wife, Anna, have pulled out of a second $25m donation to Leading the Future, a super PAC that backs pro-AI candidates for Congress. Theodore Schleifer and Mike Isaac reported the move for The New York Times on Wednesday.
A final investment decision on Project Kilby, a huge gas-powered data centre in West Texas, could slip from the end of this year to 2027 because of state politics. Tim McDonnell reported the news for Semafor on Thursday.
Meta tells the IRS that its AI data centres are an experiment that could fail, The New York Times reported on Wednesday. That lets Meta claim a research tax credit on the AI chips it buys. The credit cut almost $4bn off its tax bill last year.
President Donald Trump has said that Director of National Intelligence Jay Clayton would make a good AI czar, Axios reported on Tuesday. Trump has said he wants to name a czar within three or four days. Maria Curi of Axios asked Trump who he wanted for the role. He said he had someone in mind.
Mark Zuckerberg came up with the AI safety accord that President Donald Trump signed on Tuesday, Semafor and Politico reported. He also circulated the draft. Microsoft and Amazon did not sign it. Satya Nadella and Jeff Bezos both attended the White House lunch where the CEOs agreed it.
Elon Musk, Palmer Luckey and Newt Gingrich will co-direct Project Meridian. The Pentagon study will identify the technology the US military needs to fight future wars. Secretary of War Pete Hegseth commissioned it on Wednesday, the Department of War said.
More than 44,000 people have filed legal objections to stop the NHS’s Federated Data Platform handling their health records. The platform runs on Palantir software. The campaign asks NHS England to stop the platform sharing, storing or using their data, the Guardian reported on Wednesday.
Executives from more than 300 news publishers are in Washington this week to lobby Congress for a bill that would ban AI “stealth bots”. The News/Media Alliance, a trade body for news and magazine publishers, organised the trip, Digiday reported on Tuesday.
DoorDash has unveiled the aircraft behind DoorDash Air and will begin pilot deliveries in Northern California with Chipotle and Popeyes. Manna, which flew more than 300,000 deliveries from Dublin and Cork, paused Irish operations in June for want of a national policy and is building a factory in…
Boeing will build the US Navy’s next carrier-based fighter, the F/A-XX, after beating Northrop Grumman for the contract. The Pentagon announced the award on Tuesday. The development contract is worth 0bn to produce test aircraft, Reuters reported. CNBC and Axios put it at more than 0bn.
The White House launched America.gov on Tuesday, an AI chatbot meant to be a single front door to federal services. On its first day, it contradicted President Donald Trump. Within hours, some of its answers had changed.
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