us commerce department

IBM is set to receive $1 billion from the US government as part of a $2 billion quantum computing funding package. This investment, aimed at bolstering domestic manufacturing and accelerating development in strategic technology sectors, includes minority equity stakes for the government.

China signals willingness to accept existing US tariff levels while seeking to extend the current trade truce. Beijing hopes Washington will honor previous understandings, aiming to stabilize economic ties. Discussions are expected to focus on extending the one-year agreement and reducing unilateral tariffs.

Nvidia CEO Jensen Huang joined Donald Trump's Beijing summit at the last minute, boarding Air Force One in Alaska, but China still won't approve H200 AI chip purchases. Trump said Beijing "chose not to" because it wants homegrown silicon. With DeepSeek now running on Huawei chips and 10 cleared Chinese firms yet to place orders, Nvidia's China stalemate looks set to drag on.

US approved major Chinese tech giants like Alibaba and Tencent to acquire Nvidia's advanced H200 AI chips. However, no sales have materialized as Beijing reportedly discourages domestic firms from buying foreign technology, prioritizing the development of its own chip industry, particularly Huawei's. Nvidia's CEO is now in China, hoping for a breakthrough.

President Donald Trump's latest disclosure reveals more than 3,700 stock trades worth $220 million to $750 million in Q1 2026, with heavy buying and selling in Microsoft, Meta, Amazon, and Nvidia. The filing shows Nvidia and AMD purchases days before key US chip export approvals for China, reigniting conflict-of-interest concerns. The White House denies any wrongdoing, citing a discretionary trust managed by Trump's children.

Nvidia CEO Jensen Huang has acknowledged the company has largely conceded China's AI chip market to Huawei due to US export restrictions, with Nvidia's market share in the region dropping to zero. Huang praised Huawei's strength and its local chip ecosystem, stating Nvidia has "evacuated that market."

In another incident, a 72-year-old man was struck by a GMC dumper truck, he died during treatment

Google, Microsoft, and xAI have agreed to provide the US government with early access to their most powerful AI models. This initiative, led by the Department of Commerce's CAISI, aims to assess potential risks like cyber warfare and military misuse before public release. The collaborations will involve testing models with safety features removed to understand their core capabilities under pressure.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

The United States has stepped up efforts to restrict Iranian oil exports, a major source of revenue for Tehran. Late last month, the Treasury Department’s Office of Foreign Assets Control imposed sanctions on Hengli, targeting one of the most prominent and well-connected companies in China’s large crude-processing sector.

Indian companies are significantly boosting the US economy with substantial investments, creating thousands of jobs, and driving innovation. Senior officials highlighted nearly $16.4 billion in cumulative FDI, supporting over 70,000 jobs and significant R&D. Further commitments are anticipated, underscoring India's growing role in key American sectors.

The Department of War faces a complex situation with AI startup Anthropic, labeling it a "supply chain risk" while simultaneously recognizing its advanced AI model, Mythos, as a critical national security asset. Despite a public feud and a blacklist, the US military is reportedly using Anthropic's technology, and a potential peace deal with the DOD is being discussed.