AI Breakthroughs, Bold Plans & Backlash: Inside the 48‑Hour Global AI Frenzy (July 23–24, 2025)
President Donald Trump on July 23 unveiled the U.S. AI Action Plan, aiming for “global dominance” by promoting open-source AI and tightening chip export controls targeting China. OpenAI and Oracle announced Project Stargate, planning $500 billion in U.S. AI supercomputing. The EU’s AI Act takes effect August 2, imposing new rules on major AI models. Amazon shut its Shanghai AI lab amid U.S.–China tensions.