Neural Newscast

[00:00] Thatcher Collins: From Neural Newscast, I'm Thatcher Collins.
[00:03] Thomas Keane: And I'm Thomas Keene.
[00:04] Thatcher Collins: OpenAI and Tata Group have launched a major data center partnership in India.
[00:12] Thatcher Collins: Meanwhile, the Federal Reserve is signaling a cautious approach to future interest rate
[00:20] Thomas Keane: cuts.
[00:21] Thomas Keane: We also examine the latest diplomatic hurdles in the Russia-Ukraine peace talks.
[00:26] Thomas Keane: Plus we look at the legislative standoff over the Save America Act in the Senate.
[00:32] Thatcher Collins: Tata Group and OpenAI announced a partnership today to build India's first large-scale AI-optimized data center.
[00:40] Thatcher Collins: This project marks a significant step in the nation's infrastructure.
[00:44] Thatcher Collins: It aims to position India as a global hub for sophisticated data processing.
[00:48] Thomas Keane: During the India AI Impact Summit in New Delhi,
[00:53] Thomas Keane: OpenAI CEO Sam Altman described the progress of Chinese tech companies as remarkable.
[01:00] Thomas Keane: He noted that their advancement across the entire tech stack is incredibly fast.
[01:06] Thomas Keane: He placed them near the global frontier.
[01:10] Thatcher Collins: This new data center represents a key moment for technology cooperation between the U.S. and India.
[01:15] Thatcher Collins: It comes during a time of intensifying global competition.
[01:19] Thatcher Collins: Both companies are looking to accelerate the development of artificial general intelligence
[01:23] Thatcher Collins: while expanding regional capabilities.
[01:26] Thomas Keane: Turning now to the economy, Federal Reserve officials indicated in their January meeting
[01:33] Thomas Keane: minutes that they want more proof of falling inflation.
[01:36] Thomas Keane: Policymakers have decided to keep the key interest rate steady at about 3.6% for the time being.
[01:45] Thatcher Collins: Several officials expressed support for a two-sided statement.
[01:49] Thatcher Collins: This would acknowledge the potential for rate hikes if inflation remains above the 2% target.
[01:54] Thatcher Collins: While most remain cautious, Chicago Fed President Austin Gouldsby dissented.
[01:59] Thatcher Collins: He called for clearer guidance toward rate cuts.
[02:03] Thomas Keane: This cautious approach comes as General Mills shares tumbled more than 8%.
[02:09] Thomas Keane: The company lowered its annual sales and profit forecasts.
[02:13] Thomas Keane: CEO Jeff Harmoning said lower-income consumers are increasingly focused on value.
[02:20] Thomas Keane: This highlights a growing strain on household budgets.
[02:25] Thatcher Collins: In other news, U.S. mediated peace talks between Russia and Ukraine concluded in Geneva on Wednesday.
[02:31] Thatcher Collins: No major breakthrough was reported.
[02:34] Thatcher Collins: As the war enters its fifth year next week, the status of occupied territories in eastern Ukraine remains a primary sticking point.
[02:42] Thomas Keane: President Volodymyr Zelensky accused Russia of trying to drag out the negotiations.
[02:49] Thomas Keane: This occurred despite what U.S. envoys called meaningful progress.
[02:54] Thomas Keane: Issues surrounding the control of the Saporizhia nuclear power plant
[02:59] Thomas Keane: and the need for firm security guarantees remain completely unresolved.
[03:04] Thatcher Collins: A delegation of U.S. senators led by Richard Blumenthal and Lindsey Graham
[03:09] Thatcher Collins: returned from Ukraine on Wednesday.
[03:11] Thatcher Collins: They are pushing for new sanctions.
[03:14] Thatcher Collins: They are co-sponsoring a bill that would apply a tough sledgehammer of tariffs and sanctions
[03:20] Thatcher Collins: to pressure President Putin.
[03:22] Thomas Keane: Next, the Save America Act has reached more than 50 votes in the Senate.
[03:27] Thomas Keane: However, it currently faces a potential democratic blockade.
[03:31] Thomas Keane: This legislation pairs new voter ID requirements with tariff provisions
[03:37] Thomas Keane: that have drawn sharp opposition from across the aisle.
[03:40] Thatcher Collins: The debate is unfolding while the Department of Homeland Security
[03:44] Thatcher Collins: remains in a partial shutdown due to funding disputes.
[03:48] Thatcher Collins: President Trump has called this a Democrat shutdown.
[03:51] Thatcher Collins: He claims they fear the momentum behind the push for more secure elections.
[03:56] Thomas Keane: Senate Majority Leader John Thune has promised that the voter ID legislation will receive a formal vote.
[04:04] Thomas Keane: This is expected despite the ongoing shutdown.
[04:07] Thomas Keane: Senator Mike Lee continues to rally support for the bill.
[04:11] Thomas Keane: It still needs 60 votes to overcome a filibuster.
[04:15] Thomas Keane: I'm Thatcher Collins.
[04:16] Thomas Keane: And I'm Thomas Keene.
[04:18] Thomas Keane: Thank you for joining us.
[04:19] Thomas Keane: Neural Newscast is AI-assisted, human-reviewed.
[04:22] Thomas Keane: View our AI transparency policy at neuralnewscast.com.