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AI & Enterprise

Conservatives push back against Trump push to minimise AI regulation, exposing Republican rifts

Some conservative activists and Republican figures are increasingly pushing back against U.S. President Donald Trump’s stance of minimising AI regulation. The White House argues regulation could slow development and competition with China, while some conservatives cite safety and cybersecurity risks from advanced models. Opposition has also surfaced over the expansion of AI data centres, with state leaders in Texas and Florida calling for tighter oversight. Residents in West Virginia are also objecting to a large data centre project.

Industry

U.S. midterm election nears as Korean battery makers face crossroads over AMPC tax credit defence line

With the Nov. 3 U.S. midterm election approaching, Korean battery makers face renewed political bargaining over tax credits. EV purchase subsidies have already been abolished, while the advanced manufacturing production credit, or AMPC, has been defended at a 25 percent credit through 2032. Companies with large North American bases are reshaping operations to withstand policy shifts, including moving from joint ventures to wholly owned plants and shifting production toward energy storage systems.

Crypto

Clarity bill seen 15 percent likely to pass this year as even Republicans say it is not easy

Prospects for the U.S. “Clarity” crypto bill are dimming, with some Republican senators warning it may lack the support needed to advance next week. Negotiations over strengthened ethics provisions sought by Democrats have shown little progress. Lawmakers from both parties say the ethics dispute remains unresolved despite ethics language in the latest Senate draft. The Senate has scheduled a procedural vote for Sept. 15. The bill’s chance of becoming law this year is put at about 15 percent.