China is drafting new regulations to limit how many advanced AI chips domestic companies can purchase from foreign manufacturers like Nvidia, adding another dimension to the AI trade tensions (Reuters). Amazon is planning thousands of job cuts as part of broader corporate restructuring. President Trump has filed a $5 billion lawsuit against JPMorgan, marking an unprecedented legal action by a sitting president against a major financial institution.

California's Attorney General issued a cease-and-desist order to Elon Musk's xAI over nonconsistent sexualized imagery generated by its Grok chatbot, with Japan also launching an investigation into the AI system (California AG). OpenAI announced plans to begin testing advertisements in ChatGPT as it seeks new revenue streams beyond subscriptions.