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Real-time News
On June 18th, according to AXIOS, during the G7 summit in France on Wednesday, US President Trump and senior government officials met with CEOs of leading AI companies to discuss a US-led effort to harmonize global AI standards. The report stated that US Secretary of State Rubio, Treasury Secretary Bessant, Commerce Secretary Lutnick, and other world leaders participated in a "working lunch" on AI and the digital age. Industry leaders attending the meeting included OpenAI founder Altman, Google DeepMind CEO Hassabis, Anthropic CEO Amodé, Metas Scale AI founder and CEO Alexander Wang, and Mistral AI CEO Mensch. After the meeting, OpenAIs Global Affairs Head, Ryan, revealed that the possibility of establishing a global AI standards forum was discussed. He stated that there is "a real consensus" among countries and AI labs to create a platform for democratic nations to collaborate and explore pathways to develop AI safety standards. Ryan said the US will lead this process, adding that "the ability to develop standards is the way to ensure a continuous access to cutting-edge models."According to the AXIOS website: OpenAI founder Altman and DeepMind CEO Hassabis attended an artificial intelligence conference.Sources say Saudi Aramco is seeking billions of dollars in funding and is considering including a stake in its sulfur business in an asset sale plan.US President Trump: We will only provide the $300 billion fund if Iran does things right. Irans reconstruction will take 15 to 20 years.On June 18th, US President Trump addressed the closing ceremony of the G7 summit in France, defending the agreement reached between the US and Iran and stating that he did not want to see a continued war in the Middle East, which could trigger an economic catastrophe. Speaking at the French lakeside resort of Evian-les-Bains, Trump said, "The last thing I want to see is an economic catastrophe. That could very well happen if this conflict continues." Trump added that he did not want to become another Herbert Hoover. Hoover was president when the US stock market crashed in October 1929, wiping out billions of dollars and ultimately triggering the economic crisis later known as the Great Depression.
