U.S. President Donald Trump announced a sweeping initiative to bolster artificial intelligence (AI) infrastructure on January 21, 2025. The plan includes extensive government spending intended to position the United States as a leader in this critical technology sector. We must lead the world in AI, just like we do in everything else,” President Trump stated during his remarks at the White House’s Roosevelt Room.
The initiative is expected to impact several industries, from healthcare to defense. Global stocks experienced a slight dip on Thursday, following a rally earlier this week sparked by enthusiasm for the new AI spending plans. While initial excitement contributed to market gains, some of that enthusiasm has since tempered, leading to a market correction.
Trump’s AI push
In contrast, Chinese shares performed better, benefiting from supportive measures by Beijing. Netflix saw its shares soar as the company reported robust subscriber growth and strong quarterly earnings.
The streaming giant continues to expand its global footprint by producing a mix of local content and big-budget series that attract a wide audience base. On the macroeconomic front, data shows that inflation metrics in the U.S. remain a point of focus for policymakers and investors alike. The federal funds target rate continues to be closely monitored as central banks navigate through economic uncertainties.
As the financial year 2024/25 progresses, Britain’s budget deficit is also drawing attention. Current figures indicate the deficit is overshooting previous forecasts, pointing to economic challenges that may need addressing in the near term.
