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Top stories today:
- France announces €109B ($113B) AI investment package
- Trump plans to impose 25% tariffs on all steel, aluminium imports
- TikTok negotiations headed by VP Vance, as Elon isn’t interested
- SoftBank said to invest $40B in OpenAI at $300B post-money valuation
- Safe Superintelligence said to be valued at $20B in new round
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. France announces €109B ($113B) AI investment package to answer U.S.’s Stargate
“It’s exactly the equivalent for France of what the United States announced with Stargate,” French President Emmanuel Macron said.
The UAE, MGX, Brookfield, Bpifrance, and Iliad are early investment pledgers.
Orange and Thales are the other investors in the program, Macron said.
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3. Trump plans to impose 25% tariffs on steel, aluminium imports from all countries
U.S. has largely relied on aluminium imports from countries including Canada and the UAE to meet its demand:
