U.S. Senator Tom Cotton said he will proceed as planned with the confirmation hearing for Director of National Intelligence nominee Clayton.

On June 18 CHINA STATE PLANNER spokesperson Li Chao said nationwide integrated computing-power network construction is accelerating amid rapid AI development. As of end-March China’s intelligent computing capacity reached 1.882 million P, about 2.5x the year-earlier level, and is expected to keep growing rapidly. In the build-out market forces will play a decisive role; the agency will coordinate with relevant departments to strengthen overall planning and policy guidance.

US Federal Reserve held the upper bound of the Fed funds target at 3.75% on June 17; in line with expectations and the prior rate of 3.75%.