US Gets Pre‑release AI Vetting
According to Bloomberg, “Google, Microsoft to Give US Agency Early Access to AI Models”, the Commerce Dept’s CAISI will *evaluate* frontier models before public release to identify national‑security and cyber‑risk issues. [Bloomberg](https://www.bloomberg.com/news/articles/2026-05-05/ai-firms-agree-to-give-us-early-access-to-evaluate-their-models?srnd=phx-technology-cybersecurity)
Chipmaker Sees Data‑center Surge
According to Reuters, “GlobalFoundries forecasts upbeat second quarter on data center demand”, the specialty foundry raised its Q2 outlook as AI infrastructure drives *demand* for RF chips and silicon‑photonics used in data centers. [Investing.com](https://www.investing.com/news/stock-market-news/globalfoundries-forecasts-upbeat-second-quarter-on-data-center-demand-4658692)
European CEOs Push Easier AI Rules
According to Reuters, “Top European tech CEOs call for easier AI rules”, seven CEOs including ASML’s leader urged *simplified* EU AI regulation and stronger industrial policy to help European firms scale ahead of the bloc’s Tech Sovereignty Package. [MarketScreener](https://www.marketscreener.com/news/top-european-tech-ceos-call-for-easier-ai-rules-ce7f58dcdc81f021)
Fed split on policy
According to Reuters, “INSTANT VIEW-Fed holds rates steady, but board vote is most divided since 1992” — the FOMC on April 29 held the federal funds rate at 3.50%–3.75% in an 8–4 vote, highlighting growing disagreement over the near‑term path for rates. [Investing.com](https://www.investing.com/news/economic-indicators/instant-view-fed-holds-rates-steady-but-board-vote-is-most-divided-since-1992-4646556). ([marketscreener.com](https://www.marketscreener.com/news/instant-view-fed-holds-rates-steady-but-board-vote-is-most-divided-since-1992-ce7f58dadc8cfe20?utm_source=openai))
Stocks rally as oil eases
According to Reuters, “Wall St opens higher as oil slips despite Middle East tensions” — on May 5 U.S. indexes climbed as Brent retreated from recent spikes, refocusing markets on corporate earnings and driving the S&P toward record territory. [Investing.com](https://www.investing.com/news/stock-market-news/wall-st-opens-higher-as-oil-slips-despite-middle-east-tensions-4659318). ([investing.com](https://www.investing.com/news/stock-market-news/wall-st-opens-higher-as-oil-slips-despite-middle-east-tensions-4659318?utm_source=openai))
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