President Donald Trump is having governors and electricity companies join a pledge aimed at shielding U.S. consumers from higher utility bills because data centers. This move highlights the controversy surrounding AI development before the November midterm elections. Trump initially announced the pledge with tech companies in March, but voters remain concerned about affordability and competition for resources. A recent analysis shows increased electricity demand could raise utility bills by 15% to 40% by 2030. Opposition to data centers has become bipartisan. Some governors have taken steps to address these concerns.

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Democratic Texas governor's race nominee Gina Hinojosa is focusing on artificial intelligence data centers as a key issue in her campaign against Republican Gov. Greg Abbott. AI data centers are causing concern in rural areas due to their impact on land, water and local life. This issue is resonating in other states like Arizona and Ohio. In Texas, data centers are rapidly expanding while both Democrats and Republicans voice opposition. Abbott has promised to regulate data centers. But critics say Abbott's actions lack urgency. The AI data center controversy could influence the upcoming election.

The European Union has fined Google $1 billion for breaking digital antitrust regulations. The tech giant is accused of using Google Play and its search engine to steer consumers toward its own services, harming competitors. This move is part of Brussels' ongoing efforts to regulate Big Tech. Google recently lost an appeal against a $4.5 billion antitrust fine for limiting competition through its Android operating system. The EU continues to lead global efforts in controlling major companies from Silicon Valley to Beijing.

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ChatGPT maker OpenAI says it is still investigating the “unprecedented cyber incident” that led its artificial intelligence systems to break out of a testing environment and hack into another AI company. OpenAI said Tuesday that two of its most capable AI models were responsible for the cyberattack targeting New York-based AI startup Hugging Face. The incident is stirring debates over the need for stronger AI guardrails and the extent to which AI agents are capable of acting on their own. San Francisco-based OpenAI says its AI was working with reduced guardrails because it was supposed to be in a safe testing environment.

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U.S. stock indexes barely budged after oil prices climbed another 3%. The S&P 500 edged down by 0.1% Wednesday after swinging between modest losses and gains. The Dow Jones Industrial Average was virtually unchanged and slipped less than 0.1%, while the Nasdaq composite fell 0.6%. Philip Morris International, AT&T and other stocks rallied after reporting stronger profits for the spring than analysts expected. But AI stocks continued to swing and dragged the U.S. market with them. The price for Brent crude oil touched its highest level in nearly six weeks, and Treasury yields rose in the bond market.