NYSE:NYT 24 July 2025 - 13 July 2026

White House Targets “Global Dominance” in AI: In Washington, the U.S. unveiled a sweeping AI Action Plan aimed at achieving “global dominance” in artificial intelligence reuters.com. Announced by President Donald Trump on July 23, the plan calls for open-source AI models to be freely available worldwide and vows to slash regulations deemed “burdensome” to innovation reuters.com cfodive.com. It even warns that federal AI funds will bypass states with heavy-handed tech rules in favor of an “unencumbered” private sector reuters.com cfodive.com. “AI is far too important to smother in bureaucracy at this early stage,” the plan declares, emphasizing the need to remove regulatory “red tape” cfodive.com. Alongside deregulation, the blueprint pushes an international agenda: boosting AI exports to allies and countering China’s influence. One offshoot policy recommended the tracking of advanced AI chips to ensure they don’t end up in “countries of concern” like China reuters.com reuters.com. Lawmakers welcomed that hardline measure – “I was encouraged to see that…location verification mechanisms [are included] and align closely with our bipartisan Chip Security Act,” said Rep. Bill Foster, backing export controls to keep U.S. tech out of adversaries’ hands reuters.com. The administration’s aggressive stance – from expediting data center permits to prioritizing “winning