EIA projects US power demand to hit record highs in 2026 and 2027, fueled by AI and crypto mining

The post Bank of England warns AI stock crash could push UK into recession appeared on BitcoinEthereumNews.com. A collapse in AI share prices could remove a total of 2.2 percentage points from the UK’s economic output, the Bank of England said in its financial stability report on Tuesday. The BOE warned investors and lenders fully sized into tech exposure that the AI trade is ballooning. Governor of the Bank of England Andrew Bailey described the danger as a “triple whammy,” according to Politico. He stated that the issues come from bets on AI stocks that have grown too large, adoption of AI technology moving slower than promised, and no clarity yet on the companies that would actually survive as long-term winners. “The risk of a sharp correction in equity markets remains high,” he added. AI-related companies now account for half of the value of the US S&P 500, which is double the approximately one-quarter share they held in 2022, the Bank of England noted. Stock markets in Taiwan and

Japan's ambitious $2.3T growth plan could redefine its global tech standing, but fiscal sustainability and demographic challenges loom large. The post Sanae Takaichi proposes $2.3T growth plan for Japan, betting big on AI and semiconductors appeared first on Crypto Briefing.

The case could redefine tech companies' responsibilities in monitoring and reporting threats, impacting AI, social media, and crypto sectors. The post British Columbia explores legal action against OpenAI over ChatGPT threats before mass shooting appeared first on Crypto Briefing.

The post Gold stalls below $4,200 as inflation fears rise appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price retreats by 0.44% on Tuesday as the yellow metal fails to clear $4,200 amid rising US consumer inflation expectations and threats of a resumption of hostilities in the Middle East, following reports of attacks in the Strait of Hormuz. The XAU/USD pair trades at $4,146 after peaking at $4,180. Bullion retreats as yields climb and Hormuz risks return The yellow metal seems poised to consolidate after failing to clear a downward-sloping resistance trendline near $4,200, which exacerbated XAU’s drop towards the $4,150 area. Recent data from the NY Fed showed that inflation expectations rose to their highest level since September 2023. The NY Fed Survey of Consumer Expectations indicated increasing concern among Americans about the high cost of living, with one-year inflation expectations climbing from 3.5% in May to 3.7% in June. Further data showed that the Goods and Service

Microsoft is the latest Silicon Valley giant to cut back on its AI spending.

The post China May Be Following US Lead With Quiet Crackdown on AI Exports appeared on BitcoinEthereumNews.com. In brief China’s Ministry of Commerce has held talks with Alibaba, ByteDance, and Z.ai about restricting overseas access to China’s most advanced AI models—including unreleased ones—per Reuters. The proposed framework: a tiered system from simple filing for basic tools to domestic-only restrictions on the most sensitive frontier models. If China restricts its own open-weight models, the alternative businesses reached for when the U.S. cut off Anthropic and gated GPT-5.6 in June disappears with them. The U.S. used its AI kill switch in June. China appears to be building one for July. Beijing has spent the past month in quiet talks with its biggest AI companies about restricting who gets to use them, according to Reuters. Chinese authorities held meetings with Alibaba, ByteDance, and startup Z.ai about potentially limiting overseas access to China’s most advanced AI models—incl

China is reportedly building the same power to cut off its AI that the US deployed against Anthropic in June.

The skilled worker shortage could hinder US semiconductor growth, impacting timelines, costs, and potentially diminishing economic returns. The post Nationwide shortage of skilled workers threatens US semiconductor plant construction appeared first on Crypto Briefing.