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Mobility

Trump may allow Chinese EVs in U.S. ahead of Xi talks, amid market-opening rumors

Rumors are circulating that U.S. President Donald Trump could allow Chinese-made electric vehicles to be sold in the United States as part of negotiations with China, Democratic Senator Elissa Slotkin said. She cited an expected Washington meeting with Chinese President Xi Jinping within weeks and called the idea a strategic mistake that could harm Michigan’s auto industry and 1,200,000 related jobs. Slotkin did not identify the source, and the White House has announced no plan to lower barriers.

AI & Enterprise

AI data centres\' water use surges, topping California cities\' supply in 7 U.S. states

Data centres in seven major U.S. states may withdraw more freshwater each year than the total urban water supply used across California’s cities when cooling and power generation are included, an analysis showed. Non-profit think tank Ceres estimated annual withdrawals of about 10.4 million acre-feet. The report cautioned the figure measures withdrawals, not water ultimately consumed. Ceres also projected power generation could account for 72 percent of data centre water consumption by 2030.

AI & Enterprise

SB Energy IPO filing reveals reliance on OpenAI, linking leases, investment and board rights

OpenAI has built ties with data centre developer SB Energy that go beyond being a key customer, extending to investment and potential board influence, according to IPO filings. SB Energy disclosed a 20-year lease arrangement, stock warrants, software purchases and intellectual property-related rights with OpenAI. The filing warns that adverse changes at OpenAI could materially hurt the business. It also details warrant values and possible board nomination rights if OpenAI’s stake exceeds 5 percent.