US President Donald Trump urged technology giants to construct their own power plants to support AI data centers. The intention behind this call is to shield consumers from rising household electricity bills.

Meta Platforms signed a business partnership with AMD to deploy 6 gigawatts’ worth of GPUs over the next five years. The arrangement could give the Facebook parent a 10% stake in the chipmaker.

The U.S. General Services Administration (GSA) has entered into an agreement with xAI to make the company’s Grok artificial intelligence models available to federal agencies through March 2027.

AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI Jobs Barometer, released today. The report is based on analysis of close to a billion job ads from six continents.

Spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024, according to a study by Juniper Research.