US dollar

Newly revealed classified estimates indicate the National Security Agency is spending billions of dollars testing artificial intelligence models, according to a report drawing on internal figures. The disclosure points to the scale of US intelligence investment in AI evaluation, and online discussion is focused on what the money covers, oversight of the spending, and privacy implications of spy agencies testing commercial models.

The US dollar strengthened as escalating tensions between the United States and Iran pushed oil prices higher, fuelling expectations that the Federal Reserve will keep interest rates elevated for longer. Rising energy costs add to inflation concerns, prompting traders to price in a more hawkish Fed stance, with currency and commodity markets moving together on the geopolitical risk.