Asian stocks and US futures retreated after Anthropic CEO Dario Amodei called for a slowdown in frontier AI development, a plea backed by rivals Sam Altman and Elon Musk. The market reaction reflects investor concerns about the pace of AI advancement and its potential risks.
Z.AI Co. has returned to Hong Kong's equity market immediately after its lockup expired, reflecting a high cash burn rate and aggressive fundraising strategy. The AI model maker's actions mirror Alibaba's approach to capital raising in the region.
Samsung Electronics and SK Hynix have turned down a proposal from Korea Electric Power Corp. that would require them to pay in advance for electricity to finance new power grids for technology clusters. The rejection could impact infrastructure development for the companies' facilities.
SoftBank Group Corp. obtained an $11.87 billion loan, exceeding its initial $10 billion target, to support its investment in OpenAI. The upsized financing underscores SoftBank's aggressive push into AI infrastructure.
Amazon.com Inc. has suspended work with cargo carrier 21 Air LLC, which operated the Sept. 6 flight that overran the runway at Miami and killed five people on the ground. The move follows the deadly accident and raises questions about the carrier's safety record.