Daily brief
Wikipedia has announced agreements with major tech firms including Microsoft, Meta, and Amazon, allowing them to use its content to train AI chatbots. The deals were revealed as the online encyclopedia marks its 25th anniversary. Separately, Amazon has secured a deal with Rio Tinto to supply copper for its AI data centers.
The United States has seized multiple oil tankers linked to Venezuela and completed its first sale of Venezuelan oil, reportedly worth $500 million, under a new arrangement (ongoing coverage).
Oil prices dropped sharply after President Donald Trump made remarks seen as dialing down tensions with Iran, easing market fears of a conflict that could disrupt Middle East supplies.
President Trump has imposed a 25% tariff on imports of certain advanced semiconductors, including AI chips from companies like Nvidia and AMD, citing national security concerns (ongoing coverage).
The US and Taiwan have reached a trade agreement focused on lowering tariffs and boosting investments in the semiconductor sector.