The White House plans to accelerate federal research reform, redirecting more R&D funding toward AI applications and individual investigators rather than primarily to universities, according to a draft report and memos seen by the Wall Street Journal. The Office of Science and Technology Policy is expected to release guidance on Tuesday that would influence roughly $200 billion of annual federal R&D spending and steer allocations through the remainder of the Trump administration. The administrat

Brent crude touched $90 per barrel, its highest since June 11, up 0.73% intraday. WTI rose 1.00% intraday to $85.87 per barrel.

Wall Street Journal reports OpenAI is expanding its data‑center footprint and has raised its compute‑spend forecast through 2030 from about $600 bln earlier this year to roughly $750 bln, citing new agreements with cloud providers to secure large‑scale compute for AI model development and operations. OpenAI said it will invest $20 bln to launch the "Camellia" data centre in Effingham County, Georgia, and has signed a contract with Georgia Power for 3.2 GW of electricity supply covering 2028–2032; total project costs may exceed $30 bln, potentially making it one of OpenAI’s largest facilities. Sources say OpenAI has hired Brent Mayo, a former lead architect on Musk’s data‑centre projects, to help keep the build on schedule.