Clean energy projects in the US stall amid tax credit uncertainty

US clean energy companies are facing mounting uncertainty as Congress weighs deep cuts to green energy tax credits. Projects like HIF Global’s proposed $7bn e-methanol facility in Texas are now in limbo, with developers warning that the loss of hydrogen subsidies could stall investment decisions.

The plant would convert green hydrogen and captured carbon into low-emission fuel for global aviation and shipping, but without support, firms may shift focus to other markets.

The Biden-era Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) had sparked billions in green investment, especially in Republican-led states.

However, the Trump administration’s rollback efforts and proposed budget cuts could sharply reduce or terminate credits for clean electricity, electric vehicles, and energy-efficient home improvements. Agencies have paused or delayed funding while legal disputes continue, worsening industry-wide uncertainty.

Clean energy investment fell for the second consecutive quarter, according to new data, with $6.9bn in battery manufacturing projects cancelled.

Developers now face rising tariffs, high interest rates, and unclear policy direction, leading to declining confidence in the market. Firms are adjusting strategies to appeal to stakeholders beyond climate goals, focusing instead on local benefits and energy security.

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AI takes over eCommerce tasks as Visa and Mastercard adapt

Visa and Mastercard have announced major AI initiatives that could reshape the future of e-commerce, marking a significant step in the evolution of retail technology.

The initiatives—Visa’s Intelligent Commerce and Mastercard’s Agent Pay—move beyond traditional recommendation engines to empower AI agents to make purchases directly on behalf of consumers.

Visa is partnering with leading tech firms, including Anthropic, IBM, Microsoft, OpenAI, and Stripe, to build a system where AI agents shop according to user preferences.

Meanwhile, Mastercard’s Agent Pay integrates payment functionality into AI-driven conversational platforms, blending commerce and conversation into a seamless user experience.

These announcements follow years of AI integration into retail, with adoption growing at 40% annually and the market projected to surpass $8 billion by 2024. Retailers initially used AI for backend optimisation, but nearly 87% now apply it in customer-facing roles.

The next phase, where AI doesn’t just suggest but acts, is rapidly taking shape—backed by consumer demand for hyper-personalisation and efficiency.

Research suggests 71% of consumers want generative AI embedded in their shopping journeys, with 58% already turning to AI tools over traditional search engines for recommendations. However, consumer trust remains a challenge.

Satisfaction with AI dropped slightly last year, highlighting concerns over privacy and implementation quality—especially critical for financial transactions.

Visa and Mastercard’s moves reflect both opportunity and necessity. With 75% of retailers viewing AI agents as essential within the next year, and AI expected to handle 20% of eCommerce tasks, the payment giants are positioning themselves as indispensable infrastructure in a fast-changing market.

Their broad alliances across AI, payments, and tech underline a shared goal: to stay central as shopping behaviours evolve in the AI era.

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SCO members invited to join new AI cooperation plan

China has proposed the creation of an AI application centre in cooperation with member states of the Shanghai Cooperation Organization (SCO). The plan was introduced at the 2025 China-SCO AI Cooperation Forum, held in Tianjin, with the goal of deepening collaboration in AI across the region.

The proposed centre aims to support talent development, foster industrial partnerships, and promote open-source service cooperation.

Presented under the theme ‘Intelligence Converges in China, Wisdom Benefits SCO,‘ the forum brought together officials and experts to discuss practical AI cooperation and governance mechanisms that would serve the shared interests of SCO nations.

According to Huang Ru of China’s National Development and Reform Commission, closer cooperation in AI will drive economic and social growth across the SCO, reduce the digital divide, and contribute to inclusive global progress.

China reaffirmed its commitment to the ‘Shanghai Spirit’ and called for joint efforts to ensure AI development remains secure, equitable and beneficial for all member states.

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Central African Republic will tokenise land using $CAR coin

The Central African Republic (CAR) will begin tokenising over 1,700 hectares of land using its national meme coin, $CAR, according to President Faustin-Archange Touadéra. The announcement came shortly after a notable price surge in the token, which has risen over 127% in the past week.

From June, land concessions will be accessible online via $CAR on the Solana blockchain. The initiative is part of the country’s broader push to integrate crypto into its national development strategy, with a focus on transparency and accessibility.

The targeted area lies west of Bossongo, roughly 45 kilometres from Bangui.

The land tokenisation follows earlier crypto efforts such as Sango Coin, which has since been scrapped. However, $CAR continues to receive strong backing from the president.

The coin now has more than 18,400 holders and a market cap of over $56 million. Its recent use may also involve mining, as the decree references CAR’s mining laws and history of resource extraction.

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DeepSeek claims its new AI rivals top global models

Chinese AI start-up DeepSeek has announced a major upgrade to its R1 model, stating that the new version, R1-0528, now matches the performance of top-tier models from global giants like OpenAI and Google.

Unveiled on Thursday, the upgraded model brings notable improvements in reasoning and creative writing, allowing it to generate argumentative essays, fiction, and prose with a style said to be close to human authors.

DeepSeek also reported enhanced coding capabilities, positioning the model as a more versatile tool for both technical and literary applications.

The original R1 model debuted in January. With the R1-0528 update, DeepSeek appears to be accelerating its efforts to compete with established Western AI developers in both domestic and international markets.

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Gemini AI can now summarise videos in Google Drive

Google is expanding Gemini AI’s capabilities in Drive by enabling it to analyse video files and respond to user questions or generate concise summaries.

The new feature aims to save users time by providing quick insights from lengthy content such as meetings, classes or announcements, instead of requiring them to watch the entire video. Until now, Gemini could only summarise documents and PDFs stored in Drive.

According to a blog post published on 28 May 2025, the feature will support prompts like ‘Summarise the video’ or ‘List action items from the meeting.’ Users can access Gemini’s functionality either through Drive’s overlay previewer or a standalone viewer in a separate browser tab.

However, captions must be enabled within the user’s domain for the feature to work properly.

The update is being gradually rolled out and is expected to be available to all eligible users by 19 June. At the moment, it is limited to English and accessible only to users of Google Workspace and Google One AI Premium, or those with Gemini Business or Enterprise add-ons.

For administrators, smart features and personalisation settings must be activated to grant access.

To use the new function, users can double-click on a video file in Drive and select the ‘Ask Gemini’ option marked by a star icon in the top right corner. Google says the upgrade reflects a broader effort to integrate AI seamlessly into everyday workflows by making content easier to navigate and understand.

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Meta faces backlash over open source AI claims

Meta is under renewed scrutiny for what critics describe as ‘open washing’ after sponsoring a Linux Foundation whitepaper on the benefits of open source AI.

The paper highlights how open models help reduce enterprise costs—claiming companies using proprietary AI tools spend over three times more. However, Meta’s involvement has raised questions, as its Llama AI models are presented as open source despite industry experts insisting otherwise.

Amanda Brock, head of OpenUK, argues that Llama does not meet accepted definitions of open source due to licensing terms that restrict commercial use.

She referenced the Open Source Initiative’s (OSI) standards, which Llama fails to meet, pointing to the presence of commercial limitations that contradict open source principles. Brock noted that open source should allow unrestricted use, which Llama’s license does not support.

Meta has long branded its Llama models as open source, but the OSI and other stakeholders have repeatedly pushed back, stating that the company’s licensing undermines the very foundation of open access.

While Brock acknowledged Meta’s contribution to the broader open source conversation, she also warned that such mislabelling could have serious consequences—especially as lawmakers and regulators increasingly reference open source in crafting AI legislation.

Other firms have faced similar allegations, including Databricks with its DBRX model in 2024, which was also criticised for failing to meet OSI standards. As the AI sector continues to evolve, the line between truly open and merely accessible models remains a point of growing tension.

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Anthropic CEO warns of mass job losses from AI

Just one week after releasing its most advanced AI models to date — Opus 4 and Sonnet 4 — Anthropic CEO Dario Amodei warned in an interview with Axios that AI could soon reshape the job market in alarming ways.

AI, he said, may be responsible for eliminating up to half of all entry-level white-collar roles within the next one to five years, potentially driving unemployment as high as 10% to 20%.

Amodei’s goal in speaking publicly is to help workers prepare and to urge both AI companies and governments to be more transparent about coming changes. ‘Most of them [workers] are unaware that this is about to happen,’ he told Axios. ‘It sounds crazy, and people just don’t believe it.’

According to Amodei, the shift from AI augmenting jobs to fully automating them could begin as soon as two years from now. He highlighted how widespread displacement may threaten democratic stability and deepen inequality, as large groups of people lose the ability to generate economic value.

Despite these warnings, Amodei explained that competitive pressures prevent developers from slowing down. Regulatory caution in the US, he suggested, would only result in countries like China advancing more rapidly.

Still, not all implications are negative. Amodei pointed to major breakthroughs in other areas, such as healthcare, as part of the broader impact of AI.

‘Cancer is cured, the economy grows at 10% a year, the budget is balanced — and 20% of people don’t have jobs,’ he said.

To prepare society, Amodei called for increased public awareness, encouraging individuals to reconsider career paths and avoid the most automation-prone fields.

He referenced the Anthropic Economic Index, which monitors how AI affects different occupations. At its launch in February, the index showed that 57% of AI use cases still supported human tasks rather than replacing them.

However, during a press-only session at Code with Claude, Amodei noted that augmentation is likely to be a short-term strategy. He described a ‘rising waterline’ — the gradual shift from assistance to full replacement — which may soon outpace efforts to retain human roles.

‘When I think about how to make things more augmentative, that is a strategy for the short and the medium term — in the long term, we are all going to have to contend with the idea that everything humans do is eventually going to be done by AI systems. That is a constant. That will happen,’ he said.

His other recommendations included boosting AI literacy and equipping public officials with a deeper understanding of superintelligent systems, so they can begin forming policy for a radically transformed economy.

While Amodei’s outlook may sound daunting, it echoes a pattern seen throughout history: every major technological disruption brings workforce upheaval. Though some roles vanish, others emerge. Several studies suggest AI may even highlight the continued relevance of distinctively human skills.

Regardless of the outcome, one thing remains clear — learning to work with AI has never been more important.

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Paolo Ardoino announces bold plans at Bitcoin 2025

Tether’s CEO Paolo Ardoino revealed bold plans to make the company the world’s largest Bitcoin miner by the end of 2025. Speaking at the Bitcoin Conference in Las Vegas, he highlighted Tether’s $13 billion profit last year and $120 billion held in US Treasuries.

The firm now owns over 100,000 Bitcoin and has invested over $2 billion into energy production and mining operations.

Ardoino reaffirmed the company’s strong belief in Bitcoin, saying ‘Bitcoin is perfect, gold is imperfect.’ He added that Tether was built with Bitcoin and continues to support El Salvador, where it has its headquarters.

The country was the first to adopt Bitcoin as legal tender.

Tether is also entering the artificial intelligence space. The firm launched a platform called QVAC, aiming to build AI agents that can operate independently using non-custodial crypto wallets.

In a final announcement, Tether disclosed a partnership with Rumble to create a new ‘Bitcoin-first’ wallet. The wallet will also include limited stablecoin support to broaden its appeal to the general public.

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New York Times partners with Amazon on AI integration

The New York Times Company and Amazon have signed a multi-year licensing agreement that will allow Amazon to integrate editorial content from The New York Times, NYT Cooking, and The Athletic into a range of its AI-powered services, the companies announced Wednesday.

Under the deal, Amazon will use licensed content for real-time display in consumer-facing products such as Alexa, as well as for training its proprietary foundation models. The agreement marks an expansion of the firms’ existing partnership.

‘The agreement expands the companies’ existing relationship, and will deliver additional value to Amazon customers while bringing Times journalism to broader audiences,’ the companies said in a joint statement.

According to the announcement, the licensing terms include ‘real-time display of summaries and short excerpts of Times content within Amazon products and services’ alongside permission to use the content in AI model development. Amazon platforms will also feature direct links to full Times articles.

Both companies described the partnership as a reflection of a shared commitment to delivering global news and information across Amazon’s AI ecosystem. Financial details of the agreement were not made public.

The announcement comes amid growing industry debate about the role of journalistic material in training AI systems.

By entering a formal licensing arrangement, The New York Times positions itself as one of the first major media outlets to publicly align with a technology company for AI-related content use.

The companies have yet to name additional Amazon products that will feature Times content, and no timeline has been disclosed for the rollout of the new integrations.

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