US Explores Better Location Trackers for AI Chips

Good morning. The US wants to improve location-tracking capabilities in AI chips. Wall Street banks are cautioning a pullback in US stocks. And Hong Kong issues a record number of black rain warnings. Listen to the day’s top stories.

The US is looking at ways to equip semiconductors with better location-tracking capabilities, said Michael Kratsios, one of the architects of a US AI action plan unveiled by Trump last month. That underscores Washington’s effort to curtail the flow of chips made by the likes of Nvidia to China. Meanwhile, Palantir Technologies reported a 48% increase in quarterly sales to more than $1 billion, citing the “astonishing impact” of AI technology on its business.