17 Jun 2025, 06:10

OpenAI Microsoft Relationship: Alarming Cracks Emerge in AI Partnership

BitcoinWorld OpenAI Microsoft Relationship: Alarming Cracks Emerge in AI Partnership The world of AI development is dynamic, often shaped by powerful alliances. The OpenAI Microsoft partnership has been a cornerstone in the rapid advancement of artificial intelligence, but recent reports suggest significant strain. For those tracking the fast evolution of technology, including in the crypto space where AI tools are increasingly relevant for analysis and trading, understanding these foundational shifts is key. A Wall Street Journal report, citing anonymous sources, indicates the relationship is facing serious challenges. What’s Causing the Strain in the OpenAI Microsoft AI Partnership? The core of the reported tension in the OpenAI Microsoft AI Partnership appears to revolve around control and strategic direction. OpenAI is reportedly seeking greater autonomy, particularly concerning its valuable Intellectual Property and the computing resources it relies on. The recent $3 billion acquisition of the AI coding startup, Windsurf, has reportedly become a major flashpoint in this dynamic. OpenAI reportedly wants to ensure that Windsurf’s intellectual property remains under its sole control and is not automatically accessible to Microsoft, fearing it could directly benefit or enhance Microsoft’s competing offerings, such as GitHub Copilot. This disagreement highlights a fundamental struggle over who ultimately controls and benefits from valuable AI assets developed or acquired within the framework of their collaboration. Is OpenAI Seeking Independence from Microsoft’s Cloud Computing Power? A significant area of reported contention is OpenAI’s desire to reduce its dependence on Microsoft’s extensive Cloud Computing infrastructure, Azure. While Microsoft’s cloud resources were undeniably crucial for OpenAI’s rapid scaling and early development, sources suggest OpenAI is now actively exploring ways to diversify its infrastructure providers. This reported move towards greater independence in Cloud Computing presents a complex challenge for OpenAI. Despite seeking more autonomy, the startup still requires Microsoft’s approval for critical business transformations, including its planned conversion to a for-profit entity. The need for massive, scalable computing power is fundamental to developing and deploying cutting-edge AI Technology , making cloud reliance a strategic vulnerability OpenAI reportedly aims to mitigate. The Fight for Control Over AI Technology and Future Direction The tension reportedly extends to the broader direction and control of cutting-edge AI Technology itself. The report mentions that OpenAI executives considered taking drastic steps, including the possibility of publicly accusing Microsoft of anticompetitive behavior related to the terms and execution of their partnership agreement. They also reportedly mulled seeking a formal federal regulatory review of their contract with Microsoft. These reported considerations point to deep-seated concerns within OpenAI about the power dynamics at play and potential limitations imposed by the partnership on its ability to innovate and deploy AI Technology freely. The struggle over access to and control of Intellectual Property is central to this reported fight for technological autonomy and future strategic direction. Challenges and Implications for the AI Ecosystem If the relationship between OpenAI Microsoft continues to deteriorate significantly, it poses considerable challenges for both companies and carries broader implications for the wider AI Partnership ecosystem. For OpenAI, a strained relationship could impact crucial funding streams and access to necessary computational resources required for continued innovation in AI Technology . For Microsoft, tensions could affect its strategic position in the competitive AI market, potentially limiting its access to OpenAI’s latest models and advancements. The uncertainty surrounding this critical AI Partnership could potentially slow down collaborative innovation and influence how AI Technology is developed, governed, and commercialized globally. Understanding these high-level corporate dynamics is important for anyone tracking major shifts in the tech landscape that often ripple out into adjacent sectors like cryptocurrency and decentralized technology. Summary The reported widening cracks in the OpenAI Microsoft AI Partnership reportedly stem from fundamental disagreements over the control of valuable Intellectual Property , strategic reliance on Cloud Computing resources, and the overall direction of AI Technology development. The standoff concerning the Windsurf acquisition is highlighted as a key example of this growing tension. While the partnership initially fueled significant growth for OpenAI, the startup is reportedly seeking greater independence, even considering potentially drastic actions like regulatory review or public accusations. The future trajectory of this crucial AI Partnership remains uncertain, with potential consequences for both involved parties and the broader landscape of AI Technology development and deployment. To learn more about the latest AI technology trends, explore our article on key developments shaping AI features. This post OpenAI Microsoft Relationship: Alarming Cracks Emerge in AI Partnership first appeared on BitcoinWorld and is written by Editorial Team

17 Jun 2025, 05:50

AI Fashion Tech: Alta Secures $11M to Revolutionize Personal Styling

BitcoinWorld AI Fashion Tech: Alta Secures $11M to Revolutionize Personal Styling In the rapidly evolving landscape where technology meets lifestyle, a new player is making waves in the realm of fashion. Alta, an innovative AI Fashion Tech startup, has successfully closed an $11 million seed funding round, signaling strong investor confidence in its vision. This development is particularly interesting for those following advancements in artificial intelligence and its practical applications, even extending into areas like personal digital assets and future consumer experiences. What is Alta AI and How Does it Work? At its core, Alta AI is designed to be your personal styling agent and shopper, bringing a concept previously seen in films like ‘Clueless’ into reality. Founded by Jenny Wang, the platform leverages advanced artificial intelligence to help users curate outfits and make purchasing decisions based on a variety of factors including their existing wardrobe, budget, lifestyle needs, current weather, and even their calendar appointments. Key features of the Alta platform include: Virtual Wardrobe Digitization: Users can upload their existing clothes by taking photos, forwarding digital receipts, or searching the Alta database. AI-Powered Outfit Recommendations: Based on user input and wardrobe data, Alta suggests suitable outfits for specific occasions or conditions. Personalized Virtual Avatar: Users can visualize how recommended outfits look on a personalized digital avatar. Mix-and-Match Functionality: The platform allows users to combine items they already own with potential purchases to see how they work together. This innovative approach to AI Styling aims to make getting dressed easier, more efficient, and more personalized than ever before. Significant Venture Capital Funding Fuels Growth The announcement of an $11 million seed round marks a significant milestone for the Fashion Tech Startup . The funding was led by prominent venture capital firm Menlo Ventures, known for backing impactful technology companies. This substantial investment at the seed stage highlights the perceived potential of Alta’s technology and business model in capturing a significant share of the burgeoning personal styling market. Jenny Wang described the fundraising process as ‘aligned,’ emphasizing the strategic nature of the investors brought on board. The capital infusion will be primarily directed towards expanding the team and accelerating research and development efforts. Wang noted, “Our team is continuously updating our in-house models and improving the experience based on community feedback,” indicating a commitment to ongoing technological advancement and user-centric development. An All-Star Investor Lineup Beyond Menlo Ventures, Alta’s seed round attracted a remarkable group of investors, blending traditional venture capital with strategic figures from the fashion, technology, and media worlds. This diverse backing underscores the broad appeal and potential market reach of the Alta AI platform. Notable investors include: Benchstrength Algaé Ventures (the investment firm linked to fashion’s prestigious Arnault family of LVMH) Phenomenal Ventures (founded by Meena Harris) Anthroptic’s VC arm, Anthrology fund The angel investor list is equally impressive, featuring: Meredith Koop (Michelle Obama’s stylist, who helped train Alta’s AI) Tony Xu (DoorDash CEO and co-founder) Supermodels Jasmine Tookes and Karlie Kloss Jenny Fleiss (Rent the Runway co-founder) Manish Chandra (Poshmark CEO and co-founder) Tech influencer Zita d’Hautville This combination of venture capital and strategic industry experts provides Alta not only with necessary capital but also invaluable expertise and network connections crucial for scaling a Fashion Tech Startup . Jenny Wang’s Vision for AI Styling For Jenny Wang, the launch of Alta is the culmination of years of contemplating the potential for a personal styling agent. A Harvard engineer by training with a background in various tech roles, including investment and technical advising, Wang recognized that while the idea existed, the artificial intelligence technology was not mature enough to build the sophisticated, intuitive product she envisioned. Now, she believes the technology has caught up, making platforms like Alta AI feasible and impactful. Wang remains deeply involved in the technical side, stating, “I am still actively coding every day and learning from our team and technical advisors.” This hands-on approach from the founder, combined with a team described as both highly technical and fashion-obsessed, positions Alta to innovate rapidly in the competitive AI Fashion Tech space. Expanding Reach and Partnerships With the fresh Venture Capital Funding , Alta is already moving quickly on strategic partnerships and geographic expansion. The company has partnered with the Council of Fashion Designers of America (CFDA) to offer its services to their membership base, providing direct access to fashion professionals and brands. Geographically, Alta is expanding its presence. Wang relocated from San Francisco to New York City, recognizing NYC as a growing hub for consumer AI companies and its proximity to European fashion centers like Paris. Collaborations with LVMH-connected investors and influencers like Zita d’Hautville are aiding expansion into Europe. Furthermore, a partnership with Marie Kondo is facilitating expansion throughout parts of Oceania and the Pacific, adding a unique angle focused on wardrobe organization and mindfulness alongside styling. The long-term plan includes partnering with retailers worldwide, creating a seamless ecosystem where users can get styling advice and directly discover or purchase items. The Future of AI Styling Alta is part of a new wave of consumer technology companies leveraging advanced AI to solve everyday problems and enhance user experiences. While other players like Whering and Cladwell, and even tech giants like Google and Pinterest, are exploring similar areas, Alta believes its approach, built on new technical architectures and user interfaces, will create a more compelling and effective styling and shopping experience. This successful Venture Capital Funding round provides Alta with the resources to pursue this vision aggressively. The blend of cutting-edge AI, strategic fashion industry connections, and strong technical leadership positions Alta as a significant player to watch in the future of fashion and technology. As AI Fashion Tech continues to evolve, platforms like Alta could fundamentally change how we interact with our wardrobes and the brands we love. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post AI Fashion Tech: Alta Secures $11M to Revolutionize Personal Styling first appeared on BitcoinWorld and is written by Editorial Team

17 Jun 2025, 05:00

MemeStrategy’s Solana Investment May Signal Growing Interest in Staking and Network Support

Hong Kong’s MemeStrategy has made a strategic move by acquiring 2,440 Solana (SOL) tokens, signaling strong confidence in Solana’s blockchain technology and staking potential. The investment, valued at approximately HKD

17 Jun 2025, 04:50

US UK Trade Agreement: Historic Pact Signed at G7 Summit

BitcoinWorld US UK Trade Agreement: Historic Pact Signed at G7 Summit In a development that has implications across global markets, including the broader economic landscape that influences cryptocurrency investment trends, a significant step was taken towards strengthening ties between two major world economies. Reports indicate that a document aiming to finalize a US UK trade agreement was signed at the recent G7 summit. What Does This Reported US UK Trade Agreement Entail? According to information shared via China Global Television Network (CGTN) on X, U.S. President Donald Trump stated that the United States signed a trade pact document with U.K Prime Minister Keir Starmer during the G7 summit proceedings. While the specifics of this particular document and whether it represents the full Free Trade Agreement (FTA) or a foundational step towards it are still emerging, the act of signing at such a high-profile event signals a strong commitment from both nations. For observers of the global trade landscape, this is a notable event. Post-Brexit, the United Kingdom has been actively seeking to establish its own independent trade relationships around the world. A comprehensive trade deal with the United States, the world’s largest economy, has been a key objective. This reported signing suggests momentum towards achieving that goal. Key aspects potentially covered in such an agreement typically include: Reduction or elimination of tariffs on goods. Provisions for trade in services (a major component of both economies). Rules on digital trade and data flow. Intellectual property protection. Mechanisms for dispute resolution. Cooperation on regulatory matters. The exact details of the document signed will be crucial in understanding the immediate and long-term effects. Is it an “early harvest” agreement covering specific sectors, a framework document, or the final text awaiting ratification? Clarity on this will provide a better picture of the path forward. How Could This Impact Global Trade and Economies? A finalized US UK trade agreement has the potential to reshape trade flows between the two countries and influence the broader global trade environment. The United States and the United Kingdom are significant trading partners, with substantial existing economic ties. Strengthening these links through a comprehensive agreement could lead to increased bilateral trade volumes. From a macroeconomic perspective, reducing trade barriers can stimulate economic impact through various channels: Increased Efficiency: Businesses in both countries could benefit from lower costs and simpler procedures for importing and exporting goods and services. Enhanced Competitiveness: Greater access to each other’s markets can encourage competition, potentially leading to innovation and lower prices for consumers. Economic Growth: Increased trade and investment flows are generally associated with higher GDP growth rates. Supply Chain Adjustments: Companies might re-evaluate their supply chain strategies based on new tariff structures and regulatory environments. While the primary effects will be felt within the US and UK economies, there could be ripple effects globally. Changes in trade patterns between these two giants might indirectly affect other trading partners or influence the dynamics of other trade blocs. For instance, it could set precedents for future trade negotiations or alter competitive landscapes in certain sectors internationally. Are There Potential Challenges or Hurdles Ahead? While the reported signing is a positive signal, finalizing and implementing a comprehensive trade agreement is a complex process that often faces challenges. Negotiations typically involve navigating sensitive areas like agriculture, healthcare access, and regulatory standards, where domestic interests in both countries may clash. Potential hurdles include: Ratification Process: Any agreement will need to be approved by the legislative bodies in both the United States and the United Kingdom, which can be a lengthy and politically charged process. Regulatory Divergence: Aligning regulations across different sectors can be difficult, even with a trade agreement in place. Specific Sector Concerns: Certain industries in either country might fear negative consequences from increased competition or altered market access rules. Geopolitical Factors: The broader international political climate can influence the appetite for trade liberalization and the specifics of negotiations. The path from signing a document to a fully ratified and implemented agreement is not always smooth. Future rounds of negotiation or technical discussions may be required to iron out details and address concerns. What Should Investors Watch Following the G7 Summit News? For investors, including those in the cryptocurrency space who monitor global macroeconomic indicators, this development is worth watching. Significant shifts in global trade dynamics and national economic policies can influence market sentiment and capital flows. While a direct, immediate link between a US-UK trade document signing and crypto prices is unlikely, the broader implications for the global economy are relevant. Investors should consider: Economic Stability: Trade agreements that promote economic growth and stability in major economies can contribute to a more favorable environment for various asset classes, including potentially risk assets like cryptocurrencies in the long term. Sector-Specific Opportunities: Certain sectors, such as financial services, technology, pharmaceuticals, or agriculture, might see increased opportunities or face new competitive pressures as a result of the agreement. Investors focused on equities related to these sectors could see movement. Currency Markets: While not guaranteed, major trade deals can sometimes influence currency valuations based on expectations of future economic performance and capital flows. Inflation and Monetary Policy: Changes in trade costs (tariffs, etc.) can theoretically impact inflation, which in turn influences central bank decisions on interest rates – a key factor monitored by crypto investors. Monitoring the progress of this trade agreement, its eventual scope, and the reaction from businesses and markets will provide valuable insights into the potential economic impact . This is part of the larger tapestry of global economic events that crypto investors often consider alongside specific crypto market fundamentals. Connecting the Dots: Global Economy and Investment Trends The news from the G7 summit regarding the US UK trade agreement underscores the interconnectedness of the global economy. Major trade deals between powerful nations can influence everything from corporate profits and employment figures to inflation rates and currency strength. These macroeconomic factors contribute to the overall climate in which all asset classes, including cryptocurrencies, operate. Understanding these broader economic movements is crucial for developing informed investment trends strategies. While the crypto market has its unique drivers (technology adoption, network effects, regulatory news specific to crypto), it does not exist in a vacuum. Global liquidity, investor risk appetite, and the performance of traditional markets can all have an effect. The potential for increased trade and investment between the US and UK, should this agreement be fully realized, could contribute to overall global economic activity. This might, in turn, influence the pool of capital available for investment across various markets, including digital assets. It is also worth considering the long-term evolution of trade agreements. As digital economies grow, future trade pacts may increasingly include provisions related to digital assets, blockchain technology, and cross-border data flows relevant to the crypto and Web3 space. While this specific reported signing might not detail such elements, it is part of the ongoing evolution of how nations interact economically in the 21st century. Actionable Insights for Businesses and Investors For businesses operating or planning to operate in the US and UK, closely following the details and implementation timeline of this agreement is critical. Understanding changes in tariffs, regulations, and market access will be key to adapting strategies. For investors, the actionable insight is to continue monitoring major global economic developments. The reported signing at the G7 summit is a reminder that macroeconomic forces are constantly at play. Diversification and staying informed about potential shifts in investment trends driven by factors like trade agreements, economic growth forecasts, and geopolitical stability are prudent approaches. While the direct line from this specific trade document signing to immediate crypto market movements is tenuous, the indirect effects via the broader economic environment are part of the complex picture that sophisticated investors analyze. Summary: A Step Forward in US-UK Trade Relations The report of the US and UK signing a document to finalize a trade agreement at the G7 summit marks a significant step in their post-Brexit economic relationship. This potential US UK trade agreement holds the promise of boosting bilateral trade and investment, with a notable potential economic impact on both nations and possible ripple effects on global trade . While challenges in finalization and implementation remain, the reported signing signals strong intent. For those tracking investment trends , including in the cryptocurrency sector, this development is a reminder of the importance of monitoring macroeconomic signals. Major trade deals contribute to the overall global economic climate, which indirectly influences capital flows and market sentiment across various asset classes. Staying informed about these fundamental economic shifts is a valuable part of navigating the complex world of investing. To learn more about the latest global economic trends influencing markets, explore our articles on key developments shaping investment trends in the current environment. This post US UK Trade Agreement: Historic Pact Signed at G7 Summit first appeared on BitcoinWorld and is written by Editorial Team

17 Jun 2025, 04:20

US Stock Market Rallies: S&P 500, Nasdaq, and Dow Jones See Impressive Gains

BitcoinWorld US Stock Market Rallies: S&P 500, Nasdaq, and Dow Jones See Impressive Gains For those tracking the broader financial landscape alongside the crypto market correlation , today brought some notable news from the US stock market . While cryptocurrency markets have their own unique drivers, the performance of traditional assets, particularly stocks, often provides valuable context about overall investor sentiment and macroeconomic conditions. And today? The sentiment leaned positive. What Happened in the US Stock Market Today? The latest stock market performance saw all three major US indexes finish the day in positive territory, reflecting a generally optimistic mood among investors. This broad-based gain signals a potential ‘risk-on’ environment, where investors feel more comfortable allocating capital to assets perceived as having higher growth potential. Here’s a quick look at the numbers: S&P 500: Closed up +0.9% Nasdaq: Closed up +1.5% Dow Jones Industrial Average: Closed up +0.77% These figures represent a solid day of gains across the board, with the tech-heavy Nasdaq leading the charge. Why Does Stock Market Performance Matter for Crypto Investors? It might seem counterintuitive to focus on the stock market on a crypto news site, but the reality is that global financial markets are increasingly interconnected. Here’s why observing the US stock market is relevant to your crypto portfolio: Sentiment Indicator: Positive movement in stocks often reflects broader investor confidence in the economy. This ‘risk-on’ sentiment can sometimes spill over into riskier assets like cryptocurrencies. Macro Factors: The same economic news (inflation data, interest rate decisions, jobs reports) that moves stocks also influences crypto. Both asset classes react to changes in liquidity and economic outlook. Institutional Flow: Large institutional investors often have allocations in both traditional markets and digital assets. Their shifts in strategy based on macro conditions can impact both spaces. Correlation, Not Causation: While not always perfectly aligned, there has been a notable crypto market correlation with the Nasdaq and S&P 500 , particularly since the increased institutional adoption of Bitcoin and other major cryptocurrencies. Understanding the pulse of the stock market helps provide a fuller picture of the financial environment in which crypto operates. A Closer Look: The S&P 500 and Nasdaq Lead The strong showing from the S&P 500 , which tracks the performance of 500 of the largest U.S. publicly traded companies, indicates broad market strength. Its positive close suggests that gains weren’t confined to just a few sectors but were relatively widespread. The even more significant jump in the Nasdaq , home to many technology and growth stocks, is particularly interesting for crypto enthusiasts. Tech stocks are often seen as more sensitive to interest rate changes and future growth expectations, similar to how many view cryptocurrency valuations. The strong performance here could suggest renewed optimism about growth prospects and a greater appetite for assets positioned for future innovation. While the Dow Jones also saw a healthy gain, the leadership shown by the S&P 500 and Nasdaq often provides a clearer signal about the market’s appetite for growth and risk. Translating Crypto Market Correlation : What Does This Mean for You? It’s crucial to remember that while a crypto market correlation with stocks exists, it’s not a perfect one-to-one relationship. Cryptocurrencies have their own unique catalysts, such as regulatory news, technological developments (like network upgrades), and specific adoption trends. However, a positive day in the US stock market , especially one led by the Nasdaq , can be interpreted as a tailwind. It suggests that the broader financial mood is conducive to risk-taking, which can be supportive of crypto prices. It doesn’t guarantee a pump, but it removes a potential headwind that a negative stock market day might represent. Actionable Insight: Don’t make investment decisions based solely on stock market movements. Use this information as one data point among many when evaluating the overall market environment. Pay attention to major economic announcements that could impact both markets. In Summary Today’s positive stock market performance , with strong closes for the S&P 500 , Nasdaq , and Dow Jones, reflects a positive shift in investor sentiment. While the US stock market and crypto market are distinct, their increasing crypto market correlation means that traditional market health can provide valuable insights for crypto investors. A ‘risk-on’ day in stocks suggests a potentially favorable environment for riskier assets, but always remember the unique factors driving the crypto space. To learn more about the latest Crypto market trends, explore our article on key developments shaping Bitcoin price action. This post US Stock Market Rallies: S&P 500, Nasdaq, and Dow Jones See Impressive Gains first appeared on BitcoinWorld and is written by Editorial Team

17 Jun 2025, 01:45

Chip makers count on the Senate for the fate of the Chips Act

The Senate’s draft tax bill is set to raise the tax credit for semiconductor manufacturers to 30% for factory investments. This is up from the current 25%. This change encourages chip manufacturers to invest more in new facilities before the tax benefit runs out at the end of 2026. It will also boost a subsidy for chipmakers to build factories in the US. Chip makers count on the Senate for the fate of the Chips Act President Joe Biden signed the Chips and Science Act in 2022. This was one of the main pillars of his domestic policy, aiming to use government support to reverse a shift in semiconductor production from the United States to Asia. It offered $39 billion in grants and as much as $75 billion in loans, but the biggest advantage of the law was its 25% tax credit for projects. The biggest beneficiaries include Intel Corp., Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and Micron Technology Inc. The tax credits are likely the largest portion of Chips Act incentives issued to any company in nearly all cases. In the meantime, Trump has urged repeal of the Chips Act, even if lawmakers of both parties have exhibited little enthusiasm for getting rid of subsidies that lead to high-paying jobs in their districts. On the other hand, in place of the legislation, officials from the administration, including Commerce Secretary Howard Lutnick, are renegotiating deals with semiconductor makers to negotiate larger investments without new taxpayer funding. The Senators aim to send the tax bill — which would deliver trillions of dollars in tax cuts for households and businesses — to Trump’s desk by July 4. Additionally, the bill is expected to be revised in the Senate before being put to a floor vote. The House must also approve the final version before it can become law. Trump firmly supports his tariff policies as effective in increasing investment in the US President Donald Trump’s trade war and his push to bring manufacturing back to American shores threaten one of his predecessor’s signature achievements: the Chips and Science Act. The bipartisan law is Washington’s $52 billion effort to boost the American semiconductor industry. This plan aims to lessen the United States’ dependence on Asia for the tiny parts essential to today’s economy, as they are used in everything from smartphones to missiles. The Chips Act has prompted nearly $450 billion in promises to create factories in the United States — nearly $10 in private-sector investment for every $1 spent by the government. Despite this, Trump has complained that the program is a “waste” of taxpayer funds, calling it a “horrible, horrible thing” in remarks to Congress. Additionally, the president maintains that tariffs are more effective than subsidies in spurring investment in the US. He has also hinted he would levy fresh import duties on semiconductors “down the road.” Therefore, according to him, these are enough reasons for the Republicans, who hold majorities in both chambers, to repeal the law. However, there are indications that Trump sees import taxes and direct funding as options that can work together. In support of this, a month after he suggested getting rid of the Chips Act, he signed an executive order to create a new office. This office will manage the Chips Act funds and try to negotiate “better deals” than those made by the Biden administration. This shows he might want to put his mark on the program instead of completely eliminating it. Lutnick urges other companies to follow TSMC’s lead Howard Lutnick said at his January confirmation hearing that he plans to take a look at the Chips Act awards given out under the Biden administration and ensure he receives what he refers to as the “benefit of the bargain.” A new group in the Commerce Department, known as the United States Investment Accelerator, is now taking on the review role. Trump established this office in March with an executive order that “aims to negotiate much better deals” than Biden’s. The main goal for Trump’s team is to encourage more announcements like TSMC’s, which said in March it would invest an extra $100 billion in US plants. This adds to a previous commitment of $65 billion — all without increasing its Chips Act grants. Both Trump and Lutnick believe that the threat of tariffs influenced this decision, while TSMC pointed out that strong market demand drove its growth in the US. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now