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Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates

Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure – like data centers and servers.  “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said.
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Trump’s AI strategy trades guardrails for growth in race against China

The Trump administration published its much-anticipated AI Action Plan Wednesday, signaling a sharp shift away from former President Biden’s cautious approach to addressing the risks of AI, and toward a focus on speed, sovereignty, national security, and competing with China.
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Mistral’s Le Chat chatbot gets a productivity push with new ‘deep research’ mode

French AI lab Mistral introduced a range of new features to its Le Chat chatbot on Thursday that bring it closer to the capabilities of rivals like OpenAI and Google. The new update includes a “deep research” mode, native multilingual reasoning, and advanced image editing. 
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Congress might block state AI laws for a decade. Here’s what it means.

A federal proposal that would ban states and local governments from regulating AI for 10 years could soon be signed into law, as Sen. Ted Cruz (R-TX) and other lawmakers work to secure its inclusion into a GOP megabill ahead of a key July 4 deadline. Here's what's at stake.
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