Nvidia reported record quarterly revenues of $57 billion, driven by unprecedented demand for its Blackwell Ultra chips. The company’s data center revenue grew by $10 billion, reflecting the booming demand for AI infrastructure, despite concerns about a potential AI bubble. CEO Jensen Huang dismissed these fears, projecting continued robust growth with a forecast of $65 billion in sales for the next quarter. This success positions Nvidia as central to the AI revolution, but some investors remain cautious over market volatility and geopolitical risks, such as U.S. restrictions on chip exports to China. Analysts like Dan Ives describe Nvidia as a "foundational piece" of the AI boom, highlighting its market influence. Wired The Verge USA Today

The U.S. Commerce Department has approved the sale of up to 70,000 advanced AI chips to companies in the U.A.E. and Saudi Arabia, following discussions between President Donald Trump and Crown Prince Mohammed bin Salman. The deal underscores the strategic importance of cutting-edge technology to U.S.-Middle East relations, though it raises questions about potential dual-use applications of the chips and their implications for global security. World Street Journal (International) Wall Street Journal (politics)

Luma AI, a developer of realistic video generation models, raised $900 million in funding led by Humain, owned by Saudi Arabia’s Public Investment Fund. This investment values Luma at $4 billion, reflecting continued interest in AI-powered media despite concerns about market overheating. Such capital injections highlight the Gulf's strategic ambitions in tech and AI, as regional governments aim to diversify their economies. The Information

President Donald Trump has tasked Army Secretary Dan Driscoll with advancing peace talks between Russia and Ukraine, focusing on a ceasefire proposal reportedly similar to Trump’s Gaza peace plan. Critics argue this approach may pressure Ukraine into significant concessions, including territorial compromises, without sufficient Ukrainian input. The delegation, which includes senior military officials, reflects the administration’s intent to reinvigorate stalled negotiations. USA Today bostonglobe.com

Amid diplomatic moves, Russia launched a missile attack on Ternopil, Ukraine, killing 25 people and wounding dozens. This marked the first time the western city was targeted, undermining the fragile sense of safety. The escalation coincides with Ukrainian President Volodymyr Zelensky’s diplomatic efforts in Turkey and ongoing U.S.-led peace initiatives. Observers note that such attacks could weaken Ukraine’s bargaining position in negotiations. bostonglobe.com

The European Union has proposed delaying regulations on high-risk AI systems by up to 16 months, aiming to enhance competitiveness and address concerns over burdensome rules. The move responds to criticism from tech companies and policymakers who argue that the current framework risks stifling innovation, particularly against competitors like the U.S. and China. The proposal is part of broader deregulation efforts to revive Europe’s sluggish growth. bostonglobe.com

President Donald Trump signed a bill mandating the release of federal records on Jeffrey Epstein, including communications and evidence collected during investigations. Proponents argue this move enhances transparency, while critics warn it could expose sensitive information or disrupt ongoing probes. The bill stipulates exceptions for victim privacy and national security, but skepticism remains about the government’s compliance with full disclosure. Wall Street Journal (politics) bostonglobe.com