White House Unveils National AI Framework
According to AP, “White House urges Congress to take a light touch on AI regulations in new legislative blueprint”, the document calls for federal PREEMPTION of state AI laws while prioritizing child safety, community protections and innovation. [AP News](https://apnews.com/article/white-house-donald-trump-artificial-intelligence-479eb3d0a50fe7237678a9bfb146ac7a)
FTC Intensifies Probe of Microsoft
According to Bloomberg Law, “FTC Ratchets Up Microsoft Probe, Queries Rivals on Cloud, AI”, the agency has issued civil investigative demands seeking evidence on licensing, bundling and cloud practices that could HINDER competition in enterprise AI markets. [Bloomberg Law](https://news.bloomberglaw.com/artificial-intelligence/ftc-ratchets-up-microsoft-probe-queries-rivals-on-cloud-ai)
Alleged Nvidia-Chip Smuggling Rings Exposed
According to AP, “3 men are charged with conspiring to smuggle US artificial intelligence to China”, prosecutors say the indictment highlights schemes to circumvent export controls and the national-security RISK from diverted high-performance GPUs. [AP News](https://apnews.com/article/artificial-intelligence-china-charges-e8f5135a71b8863c66b9c73d04cb0eb2)
Fed pause on rates
According to AP, “Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finished” — The Fed left short-term interest rates near 3.6% at its March meeting amid Iran-war–driven uncertainty and sticky inflation; Chair Jerome Powell signaled patience on cuts while saying he will remain in office during the inquiry. [AP News](https://apnews.com/article/fed-interest-rates-inflation-jobs-powell-trump-5ff8aec596588afed4a7449322bf956c)
Stocks rally on oil drop
According to AP, “US stocks climb to their best day since the Iran war began after oil prices ease” — A slide in U.S. crude prices sent the S&P, Dow and Nasdaq higher, easing near-term inflation fears and prompting investors to reassess the timing of Fed rate cuts as markets breathed a tentative sigh of relief. [AP News](https://apnews.com/article/oil-stocks-markets-iran-trump-f982468f7ed277b058836387b04622b4)
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