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Investors are reassessing AI-linked equities as leaders including Anthropic, Altman and Musk call for slowing frontier AI development. Asia and Western markets have seen declines in chipmakers, AI infrastructure and related stocks as investors weigh safety measures and regulatory considerations.
President Donald Trump has dismissed calls from AI leaders to slow frontier development, attacked Anthropic CEO Dario Amodei on Truth Social and called safety concerns a "hoax" and a "sick conspiracy." His posts have coincided with a sell-off in AI-linked stocks and intensified debate over regulation and US competition with China.
Saudi Arabia and Syria have signed a strategic partnership to develop an end-to-end digital platform for petroleum derivatives, linking production, transport, storage, distribution and financial settlements. CASHIN will build and run the system, aiming for transparency, efficiency and governance across the value chain. The agreement is part of broader Saudi-Syrian energy cooperation amid Damascus’ energy expansion efforts.
German chancellor Friedrich Merz has visited Kyiv today and has announced a package that includes €1 billion in military aid and €350 million for energy repairs. Leaders have agreed to ramp up joint production of drones and air-defence technology as Russia intensifies strikes on Ukraine’s infrastructure and capital.