23 Jul 2025

AI News Digest

🤖 AI-curated 5 stories

Today's Summary

Today’s AI and tech developments highlight significant policy shifts, major corporate moves, and substantial investments shaping the industry’s future.

Stories

White House Unveils AI Policy Plan to Boost U.S. Global Dominance

The Trump administration introduced a new AI strategy promoting open-source development and international expansion of U.S. AI technologies. The plan includes analyzing Chinese AI models for propaganda alignment and withholding federal funding from states with restrictive AI regulations, aiming to enhance U.S. competitiveness in the global AI landscape.

Read more → Reuters

Taiwan Launches AI Projects to Boost Economy by $510 Billion

Taiwan announced the 'Ten Major AI Infrastructure Projects' initiative, targeting over T$15 trillion ($510 billion) in economic value by 2040. Focusing on silicon photonics, quantum technology, and AI robotics, the plan leverages Taiwan's strengths in ICT and semiconductors to position itself as a global AI leader.

Read more → Reuters

SK Hynix Reports Record Profit, Plans to Double High-End AI Chip Sales

South Korea's SK Hynix reported a record quarterly operating profit of 9.2 trillion won ($6.69 billion), driven by strong demand for advanced chips used in generative AI applications. The company plans to double its high-bandwidth memory (HBM) chip sales in 2025, solidifying its position as a leading memory chip maker.

Read more → Reuters

Amazon Closes Shanghai AI Research Lab Amid U.S.-China Tensions

Amazon is shutting down its AI research lab in Shanghai, a move seen as part of broader strategic adjustments amid escalating U.S.-China tensions. The closure reflects the company's focus on AI technologies and global workforce reductions.

Read more → Reuters

U.S. Economy Defies Recession Expectations, Driven by AI Investments

The U.S. economy has avoided recession, largely due to a surge in AI investments. AI-related capital expenditures, including data centers and chips, have significantly contributed to GDP growth, marking a 're-industrialization' of corporate America.

Read more → Reuters