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   Plus: One nation under AI.
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             <div>
              Thursday, November 20, 2025
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               Joan Gosa/Xinhua via Getty Images
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               Good Morning, Quartz reader. It’s Shannon Carroll with the Daily Brief.
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               Today, 
mayors are comparing AI workflows instead of skylines, President Trump is pitching one nation under AI, Nvidia is making the bubble talk look premature, and the Filet-o-Fish is on the presidential to-do list.
              </span>
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20px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
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              <span style="font-size:18px;color:#168DD9">
               HERE'S WHAT YOU NEED TO KNOW
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             </h2>
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20px;line-height:1.5;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
             <div>
              <strong style="background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;color:#000000;font-size:16px">
               Nvidia says, “What AI bubble?”
              </strong>
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              <br/>
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Neue,Helvetica,Arial,sans-serif;color:#000000;font-size:16px">
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               </span>
               Revenue surged 62% to $57 billion, and data-center sales hit $51.2 billion, while record margins and bullish guidance reinforced the company’s grip on the AI trade and
              </span>
              <a data-linktext="calmed bubble fears" data-linktype="Normal" style="color:#105C8E;background-color:#FFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;font-size:16px;" target="_blank">
               calmed bubble fears
              </a>
              <span style="background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;color:#000000;font-size:16px">
               .
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              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Target faces a tougher holiday stretch ahead.
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
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              <br/>
             </div>
             <div>
              <span style="color:#000000;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Sales, traffic, and operating income all fell in Q3, and executives expect another decline as debt-strained, layoff-hit shoppers
              </span>
              <a data-linktext="trim discretionary spending" data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;" target="_blank">
               trim discretionary spending
              </a>
              <span style="color:#000000;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               .
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             <div>
              <strong style="background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;color:#000000;font-size:16px">
               The holiday rush is drifting away from Black Friday.
              </strong>
              <span style="background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;color:#000000;font-size:16px">
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             <div>
              <span style="color:#000000;background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;font-size:16px">
               Shoppers are shopping early, skipping engineered sales moments, and leaning on AI-guided recommendations, flattening what used to be
              </span>
              <a data-linktext="retail’s biggest day" data-linktype="Normal" style="color:#168DD9;background-color:#FFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;font-size:16px;" target="_blank">
               retail’s biggest day
              </a>
              <span style="color:#000000;background-color:#FFFFFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;font-size:16px">
               .
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              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Trump drags his Treasury secretary into the Fed drama.
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
              </span>
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              <br/>
             </div>
             <div>
              <span style="color:#000000;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               He floated firing Scott Bessent while taking another swing at Jerome Powell, as the White 
House continues interviewing candidates for the
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               </span>
              </span>
              <a data-linktext="coming chair vacancy." data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;" target="_blank">
               coming chair vacancy.
              </a>
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Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
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               Cities aren’t levitating or launching commuters through 
aerial lanes, but something subtler is happening: The machinery that runs a city — the forms, the queues, the grids, the calls, the quiet emergencies — is starting to behave like it finally learned the job. At this year’s Smart City Expo in Barcelona, mayors weren’t swooning over sci-fi promises. They were comparing notes on how AI shaved weeks off license backlogs, translated a council meeting in real time, or spotted the Thursday-night traffic hotspot before a real person could blink.
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               The technology isn’t glamorous, but it’s nimble in a way that city software historically hasn’t been. Montgomery, Alabama, uses AI to drain license backlogs; Tampa, Florida, layers AI on crowded streets to spot trouble early; Amarillo, Texas, uses a multilingual assistant to guide residents around its website. In Austin and Los Angeles, pre-check systems can read building plans the way veteran engineers do. Europe and Asia are going further, building city-scale digital twins that let planners rehearse floods or adjust heating systems 
before anyone reaches for a complaint form.
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               The future that is actually arriving is boring on paper but radical in practice. It’s a bus that shows up when the app swears it will. A grid that adjusts itself before a neighborhood goes dark. By the time the expo lights dimmed, the message had settled in: Cities don’t need spectacle to feel futuristic. They need systems that can learn the daily rhythm and keep up — and make life just a bit easier for everyone in them. The Jetsons lived 
above the clouds; the real future is running in the server racks under City Hall.
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               President Donald Trump wants state lawmakers out of the AI business. On social media on Tuesday, he urged Congress to halt the wave of state-written rules and 
replace them with a single national standard, arguing that the country can’t call itself the world’s hottest economy while 50 different legislatures draft 50 different versions of 50 different AI laws. He pointed lawmakers toward the National Defense Authorization Act (or a standalone option) and made clear he wants the next chapter of AI regulation written in Washington, not in committee rooms around the map.
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               The states only stepped in because Congress didn’t. Over the past year, 
they’ve built a rough, uneven framework because someone had to, and that patchwork is now the thing Trump calls a strategic drag. Echoing industry talking points, he says the U.S. can’t afford different rulebooks when the global AI race is tightening and investment is accelerating, especially with China cutting into the lead. In his view, the message is simple: AI is too important to leave to scattered interpretations of what “guardrails” should look like.
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               Trump is pushing Congress to act before those state laws harden into something difficult to unwind, and House Republicans are studying the defense bill as the quickest route. The White House sees a rare chance to put Trump’s stamp on a field that has been shaped largely beyond Washington — keeping the U.S. in a race he simultaneously describes as perilous and one the nation is already “leading by a lot,” depending on which audience he’s addressing that day. Trump wants a national script for AI, and the opening could be
there for Congress if it wants it. The president is trying to make sure it does.
              </span>
              <a data-linktext="Quartz’s Alex Daniel has more on Trump’s bid to put AI rules under one roof: his." data-linktype="Normal" style="color:#168DD9;font-size:16px;" target="_blank">
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