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Mobility

GM\'s secret weapon to lower EV prices: battery development time cut in half

General Motors has built a battery cell development centre at its Warren campus in Michigan to help lower electric vehicle prices. The facility is designed to validate lab-developed cells ahead of mass production and optimise manufacturing processes. GM plans to speed development and cut costs as battery packs account for 30 to 40 percent of total EV cost. The centre will first pilot lithium manganese-rich prismatic cells, with test production in the fourth quarter and mass production planned for 2028.

Crypto

Trump family-backed World Liberty to expand uses of USD1, target online market

World Liberty Financial (WLFI), backed by U.S. President Donald Trump’s family, plans to expand payments for its stablecoin USD1 to major online companies. WLFI outlined its strategy at Token2049 in Singapore, including integration with crypto payment platform Mesh starting this quarter. WLFI also aims to broaden use beyond its own app to external online businesses. USD1 is currently issued by BitGo and had a market value of $4.45 billion, CoinGecko data showed.

AI & Enterprise

AI slowdown calls clash with $800 billion infrastructure bets, raising fears for U.S. economy

Calls to slow U.S. artificial intelligence development are colliding with expectations of a surge in investment, drawing attention to how an AI slowdown could affect the broader economy. U.S. hyperscalers are forecast to spend $800 billion on AI infrastructure this year, while proposals range from pacing frontier-model development to halting advanced AI until federal rules are set. Markets are also watching how any pullback in AI investment could ripple through growth, stocks and credit.