Technology

June 8 (UPI) — British Prime Minister Keir Starmer issued an ultimatum on Monday to tech companies, including Apple and Google, to prevent explicit images from being taken or viewed on children’s mobile phones within three months or face legislation compelling them to comply.

Speaking at the London Tech Week show, Starmer said the initiative, requiring operating system developers to enable nudity-detection software or other technical fixes, was a global first that would make Britain the first country where children would not be able to shoot, share or view naked images.

“For too long, people have been told that [children sharing explicit images] is simply the price of modern tech — that nothing could be done. That government is powerless. That parents just have to accept it,” said Starmer.

“I reject that completely because tech should adapt to the needs of society, not the other way round. If we are serious about unlocking the opportunities that tech can bring then we must also be serious about preventing those who want to abuse it — the online predators.

“That is why today, I am calling for tech companies operating in this country to introduce vice controls that prevent children from sending and receiving sexually explicit images. Because this is not an impossible challenge. If they choose not, then we will act and we will change the law,” he added.

Adult phone users are exempted from the changes, but will be required to complete an age-verification process to prove they are over the age of 18.

The phone companies have until September to make the change or legislation will be introduced to Parliament requiring the appropriate software is installed on all phones and tablets sold in the four countries of the United Kingdom.

Starmer’s move came four weeks after Minister for Safeguarding and Violence Against Women and Girls Jess Phillips resigned, citing his failure to act on her recommendations to remove the ability for children to take explicit photos of themselves or others.

The government dismissed criticism from advocates of privacy and the right to expression, accusing it of trampling on people’s democratic freedoms.

“The government mandating that all phones in Britain require ID and surveillance software is a crossing of the Rubicon that would make the U.K. one of the most authoritarian internet regimes in the world,” said Big Brother Watch director Silkie Carlo.

Silkie warned it also raised the specter of spyware in the pocket of every person with a phone that would end up being “exploited for other purposes before long.”

Home Secretary Shabana Mahmood said the government’s motivation was stopping the coercion and sextortion of children and that it was not interested in “surveilling or policing” people’s phones.

“There is no reporting, no data collection, no monitoring, and no images leaving the device,” she explained.

The leader of the Conservative opposition Kemi Badenoch questioned how it would be achieved and said the approach was piecemeal, saying there needed to be a total ban that included social media for children younger than 16.

The BBC’s science team said the technical hurdles were considerable because so much of the child sexual abuse material was shared via encrypted apps such as WhatsApp, Signal and Discord, where the content being sent cannot currently be detected.

In April, the government announced it will pass legislation banning children from using smartphones in schools in England. The law will only apply to England because education policy is devolved to the parliaments and assemblies of the other countries of the United Kingdom — Scotland, Wales and Northern Ireland.

The law, an amendment to the government’s flagship education and child well-being bill, formalizes what is already policy in many schools but introduces a “clear legal requirement” that would empower them to enforce it — including removing phones from children before class.

The government is currently also running a public consultation on whether to implement an Australia-style ban on social media for children younger than 16 and a separate initiative to develop screen-time guidance for children older than 5, including the minimum age at which a child should be given first phone and how much time they should be on it.

WASHINGTON — It was perhaps a surprising private overture from OpenAI Chief Executive Sam Altman to Sen. Bernie Sanders.

The meeting between the two had come just after the Vermont senator announced a plan for the public to take a 50% ownership stake in artificial intelligence companies such as OpenAI, using their stock to create a public wealth fund that would spread the fortune generated by AI behemoths.

Altman told Sanders that he, too, wants the public to have equity in AI companies. Though the CEO said he couldn’t support Sanders’ threshold of 50%, he nonetheless wanted to work with him to advocate for the general idea, according to people with knowledge of the conversation.

The nearly hourlong meeting in Sanders’ Senate office this week, held at Altman’s request, highlighted the inherent tension between AI powerhouses and policymakers as Americans are increasingly asked to accept the costs of the AI boom even as many remain unconvinced of its direct benefits. Yet it’s also creating odd political bedfellows fueled by populism as politicians from Sanders to President Trump embrace giving the public a stake in AI’s growth.

Speaking to reporters Friday on Air Force One, Trump described a potential partnership “where the American people can benefit from the success of AI” and said executives from leading AI companies will visit the White House, perhaps in the coming week, to discuss the idea.

“There’s something very interesting about it, where it almost becomes a partnership with the American public,” Trump said.

When reporters noted to the Republican president that Sanders, a democratic socialist and political independent, had proposed public ownership in AI companies, he pointed to similarities in their coalitions. The economic views of Trump voters and those who have supported Sanders for president, Trump said, “aren’t that far apart.”

Trump has embraced government investment in private companies in his second term, scrambling his party’s politics. His administration last year secured a 10% stake in the struggling Silicon Valley company Intel, and it considered a government takeover of Spirit Airlines earlier this year, although the airline couldn’t reach a deal and ultimately closed.

Public backlash

The positioning of leading figures such as Trump and Sanders comes as concerns about AI are emerging far beyond Washington.

In Michigan, Democrats recently clashed over Gov. Gretchen Whitmer’s appearance with Altman at the site of a major data center. Candidates such as New York Democratic House candidate Alex Bores have also made AI regulation a campaign issue by tapping into voters’ unease about the technology.

“This is a real change to society,” Altman told reporters this week. “I think it’s possible both that people can use AI a lot and like using it and also have anxiety about what it’s going to do for the future.”

Data center projects across the country have drawn opposition from residents concerned about electricity demand, water consumption and environmental impacts. Some states once eager to attract the facilities, including Ohio and Virginia, have moved to reconsider tax incentives.

“We need to pass legislation right now that says there’s not going to be any further data center development until they agree to pay for their own electricity, build their own grids and pay for their own water supply,” Sen. Josh Hawley of Missouri, a leading Republican skeptic of Big Tech, told the Associated Press.

Before arriving in Washington, Altman stopped in Michigan on Monday to appear alongside Whitmer, a Democrat, at the site of a 1.65 million-square-foot data center project. Whitmer’s team said the project will create more than 2,500 union construction jobs.

But it also drew criticism from local activists and some fellow Democrats, including Rep. Rashida Tlaib of Michigan, who called the project “disgusting.” She said she was “so disappointed” in Whitmer.

“It’s a very controversial topic right now and it’s coming from the ground up,” Sen. Elissa Slotkin, another Michigan Democrat, said about the grassroots resistance. “People feel very strongly about it.”

Whitmer defended her appearance, telling reporters afterward that “one thing’s very clear: Everyone has a cellphone in our pocket.”

“We are all, more and more, consuming technology and data, and these data centers are going to get built. So, my thought is if we can hold them to a high standard and do it in Michigan, that’s the best way to do it,” she said.

The tensions extend beyond data centers. On college campuses, commencement speakers have been interrupted by boos when discussing artificial intelligence. About 70% of college students see AI as a threat to their job prospects, according to a 2025 poll by the Institute of Politics at the Harvard Kennedy School.

Altman acknowledged those concerns. He said that while “the impact on jobs has been less than many people in our field expected,” he understands “that college students have a lot of anxiety about the future.”

Washington seeks an AI bargain

The idea that AI’s expansion is inevitable is increasingly shared by leaders across the political spectrum, even as they disagree sharply about how to manage it.

That reality was at the center of Altman’s conversations in Washington. In addition to Sanders, Altman met with Trump administration officials such as Michael Kratsios, the White House’s chief science and technology advisor, and congressional leaders from both parties.

Sanders’ team emphasized that the two did not reach an agreement on the main points that the senator made to Altman, including the 50% figure to ensure that the public has decision-making power. The senator also expressed opposition to the growing spending on elections by the AI industry.

“Unfortunately, Sam Altman did not commit to any of those,” Sanders spokesperson Jeremy Slevin said.

Altman, emerging from the conversation, described it as “great,” though noting that the two “obviously don’t agree on everything.”

How AI should be governed

Congress this week released a bipartisan framework that would establish the first broad federal approach to AI regulation while temporarily preempting many state laws.

Anthropic, one of OpenAI’s top competitors, has proposed mechanisms for coordinating pauses on advanced AI development if systems become too powerful.

The Trump administration has also begun constructing its own oversight structure, signing an executive order to establish a process for reviewing national security risks posed by advanced AI systems before their public release.

Sanders said he found the administration’s move notable after years of warnings that regulation could slow American innovation.

“Even these guys are beginning to catch on that there are legitimate concerns that have to be dealt with,” Sanders said.

Cappelletti and Kim write for the Associated Press.

Since the public launch of large-language models like ChatGPT and OpenAI in 2020, Artificial Intelligence (AI) is gaining ground across a variety of private and public areas,  the prospect of not only facilitating mundane tasks but also revolutionising labor markets, research, medicine and militaries.  

The gilded age of AI

But as the presence of AI is becoming an increasingly normalized part of everyday life, from summarizing texts, fact-checking a statement or composing an email, it is easy to overlook the more nefarious purposes of surveillance, discrimination and persecution for which AI can be used at the state level. This is an increasingly pertinent issue, with the surge of state-based AI surveillance—such as ’safe cities,’ facial recognition, and smart policing—since 2018, extending to at least 75 of the 175 countries with available data. While this trend is present on all continents, there are regional disparities in application, with AI surveillance present in almost 70% of the surveyed African states, over 50% of South East Asian states, and just under 40% of European countries use AI for surveillance. Thus, AI surveillance is not limited to authoritarian states; according to one report, 51% of liberal democracies use AI for surveillance purposes. How, then, is AI being used for surveillance in China, the Middle East, US, and Europe? 

China—a spearhead for surveillance

China dominates the AI surveillance sector, with companies like ZTE and Huawei present in over 63 countries, vastly outnumbering the US. This presence is especially noticeable in Africa and Asia, where the use of Chinese surveillance technology correlates closely with  participation in the cross-continental Chinese Belt and Road Initiative. In particular, China has been exporting its ‘safe city’ model, which has already been domestically implemented in cities like Beijing as part of its social credit system, to Saudi Arabia, Uganda, and Thailand as well as European cities like Valenciennes, which in 2017 was gifted safe city technology by Huawei. This model connects an extensive network of facial recognition cameras and police body cameras into intelligent command centers using algorithms to predict crime.

Individual freedom versus national security

While states are justifying these measures by reference to crime reduction and national security, organisations are warning about the implications of AI surveillance for privacy, systemic discrimination civil rights and democratic freedoms as AI allows for cost efficient surveillance at an unprecedented spatial and temporal scale. For example, China has domestically implemented large scale AI surveillance encompassing over 600 million cameras, coupled with large language models for minority languages to sharpen its surveillance of the communication of its Tibetan, Uyghur, Korean, and Mongolian minorities. In the Xinjiang province, the Chinese state has created an Integrated Joint Operations Platform, which employs an extensive network of CCTV cameras, facial recognition devices, and or WiFi surveillance devices to suppress political dissent among the province’s Uyghur minority. Such Chinese technology has reportedly also been exported to Saudi Arabia and Iran for similar purposes of suppressing political dissent, and to enhance the precision of drone air strikes in Ukraine and the Middle East.

AI surveillance beyond autocracies

However, the West is not immune to these developments. The US government recently found itself in a legal dispute with AI company Anthropic after the company refused to allow the government to use its ground breaking AI model Claude for domestic surveillance without built-in restraints. The US government claimed that this jeopardised national security by preventing the state from identifying espionage. In addition, US President Trump has issued various executive orders to increase the adoption of AI by federal agencies over state regulations. Indeed, the US already uses surveillance technology deployed by Israel on the occupied West Bank, to stem migration on the Mexican border. Moreover, the Federal Bureau of Investigation (FBI) admitted in March 2026 that federal agencies are buying personal data from data brokers, including location data collected by private companies, in order to track citizens.

Europe: between security, migration and regulation

Meanwhile, the European Union (EU) is exploring Automated Border Crossing technologies. The intelligent system iBorderCtrl is currently being piloted in Greece, Hungary and Latvia  applies AI lie detectors to immigrants, with immigrants found lying being automatically detained for further questioning. This system has been criticised by human rights activists and academics as a scientifically weak and potentially discriminatory practice. Thus, even though AI is more regulated in Europe than elsewhere in the world, with the EU AI Act of 2024 restricting large scale usage from sensitive areas through, the risk of questionable AI use in the name of national security remains salient.

Indeed, several member states are stretching the AI Act’s limitations on large-scale surveillance. For example, Luxembourg has since 2025 pursued plans of expanding its use of Trojan spyware from state security and terrorist threats to encompass a broader range of crimes, such as child exploitation, currency counterfeiting and human trafficking. Similarly, the government of Ireland is seeking to expand the powers of the police and Defense Forces to intercept conversations on encrypted platforms like WhatsApp, and iMessage, and other social media platforms. Meanwhile, the Czech Republic was forced to end its use of facial recognition at Prague Airport after six months as it was found to violate the EU AI Act. Likewise, Hungary authorized the police to use real-time facial recognition to identify participants in LGBTQ+ parades in April last year, in violation of the AI Act.

Digital emancipation or authoritarianism?

Thus, it appears that national and international regulation has been lagging behind the rapid tech innovation of recent years. As with any innovation, AI is a neutral tool—but it can be used in ways good or bad depending on the decisions of power-holders. Thus, the application of AI calls for increased scrutiny, accountability and implementation to safeguard the benefits and prospects of improvement it holds out from being hijacked by nefarious purposes undermining democracy and human rights.

SEOUL, June 5 (UPI) — South Korea’s KB Securities said Friday it teamed with global blockchain network operator Canton Foundation and domestic digital asset company Wavebridge.

The Seoul-based brokerage said the three firms would explore ways to take advantage of the Canton Network, a blockchain platform built for regulated financial markets, to support distributed ledger-based capital market transactions.

Over the longer term, they also hope to collaborate on adopting distributed ledger-based financial products in South Korea.

KB Securities said that its ultimate goal is to enable the issuance and cross-border distribution of financial products backed by Korean assets.

Enabled by smart contracts, Canton Network allows participants to exchange data and value for the trading of real-world assets.

Several major global financial organizations participate in the Canton ecosystem, including Goldman Sachs, BNP Paribas, HSBC and Nasdaq, according to KB Securities.

“The transition to a distributed ledger-based capital market is an essential step for future finance. This transformation is already moving from concept to execution globally,” KB Securities CEO Kang Jin-doo said in a statement.

Canton Foundation leader Viv Diwakar welcomed the three-way partnership.

“Korea’s capital markets have the institutional depth and regulatory foundation to move decisively in the shift to distributed ledger infrastructure,” he said.

“This partnership with KB Securities and Wavebridge is an important first step in building that future, and Canton Foundation is committed to supporting Korea’s leadership in this space.”

KB Securities is not publicly listed. The share price of its parent company, KB Financial Group, rose 4.51% on Friday, while the benchmark KOSPI plunged 5.54%.

June 5 (UPI) — Artificial intelligence company Anthropic issued a warning about systems that can improve themselves and said that humans need a way to intervene when necessary.

AI systems will soon be able to better themselves — known as “full-recursive self-improvement” — and that has a lot of benefits, like for health care and science. But just like science fiction movies warn, it could cause serious risks to people, said Anthropic co-founder Jack Clark and leader of the Anthropic Institute Marina Favaro in a recent blog post.

“Full recursive self-improvement also might increase the risks of humans losing control over AI systems,” the blog said. “If systems are capable of fully building their own successors, the ways we secure them, monitor them, and shape their behavior all grow much more important.”

Clark called for the industry to give itself a “brake pedal” on CNN Thursday.

“When I look down at the car we’re driving, all I have is a gas pedal. I don’t have a brake pedal, and surely at some point in the future we might want that option,” he said. The inability to validate, verify and trust AI’s behavior is risky, he added.

Clark told CNN that countries have made similar changes in the past.

“We’ve done this before. In the height of the Cold War, under highly tense situations between rivalrous countries, they found ways to stabilize aspects of the nuclear arms race,” he said “All of this has been done before in other domains, and it may need to be something we do in the domain of AI.”

But critics say this talk of curbing AI is nothing new, even from Anthropic, which battled the Pentagon when it wanted full access to use its AI product.

In July 2025, Anthropic signed a $200 million contract with the U.S. Department of Defense. But CEO Dario Amodei said that Anthropic’s AI model Claude could not be used for mass surveillance in the United States or for autonomous weapons without human approval.

On Feb. 27, the Pentagon gave Anthropic a 5 p.m. deadline to comply with its demands that the government be able to use the service as it sees fit. Before the deadline, President Donald Trump announced that no government workers would be allowed to use Anthropic.

Then, Secretary of Defense Pete Hegseth labeled the company a supply-chain risk, which blocked it from any government contracts, but a judge struck it down in March.

“Anthropic might give the impression of being warm and fuzzy, but their definition of AI safety is narrow,” Steven Murdoch, a professor at University College London, told The Guardian. “Supporting U.S. authorities in the development of offensive capabilities has never been something they have spoken against.”

Murdoch said Anthropic’s blog left out evidence that AI is close to self-improvement.

“It is true that there’s some evidence that AI capabilities have increased and continue to increase with no limits becoming immediately clear,” he said. But, “I don’t think anything has fundamentally changed today that has caused Anthropic to publish this article.”

Murdoch pointed out that Athropic’s call for a pause on AI was similar to other proposals it has made in the past.

“It’s a reminder of what they are concerned about and have been concerned about for many years. I’m sure the attention is welcome, but again this isn’t a new thing,” Murdoch said. “Anthropic have been trying to get the attention of policymakers since they were founded.”

Anthropic is proposing that the world’s top artificial intelligence companies come up with a coordinated way to pause development of advanced AI systems, warning that the technology is improving so quickly that there’s a risk humans would lose control.

The company behind the Claude chatbot said in a blog post on Thursday that, as cutting-edge AI gets increasingly faster at carrying out tasks, “it would be good for the world to have the option to slow or temporarily pause” its development.

Anthropic said its internal research institute plans to explore the issue in collaboration with others and “take actions” to help build the systems for a credible slowdown or pause, without being more specific.

Anthropic rival OpenAI argued for a different approach in a report published on Wednesday, saying that “democratic governments — not private companies acting alone — must ultimately determine the rules, safeguards, and accountability mechanisms”.

“Our view is that decisions about the pace of AI innovation should not be left to any one lab, company, or special interest group,” it said.

AI models are getting faster, with rapid increases in how quickly they can carry out software tasks like coding on their own, Anthropic said in its post. Based on current trends and given enough computing power, an AI system could be able to design and develop its own successor, in what is known as “recursive self-improvement”.

Self-building AI would be a major technological milestone that would bring benefits in science, healthcare and other areas, Anthropic said, but it “also might increase the risks of humans losing control over AI systems”.

Some tech industry figures have long warned of such a scenario.

Anthropic’s post comes after a different warning this week from a team of researchers at the University of Toronto who showed how AI tools could be used to create a new kind of AI “worm” that adapts its hacking strategy as it spreads from device to device and takes over a vast computing network.

“I think it’s really important that people understand that it’s not just the biggest, most powerful language models that pose the security concerns,” lead researcher Nicolas Papernot said in an interview.

The authors of the Anthropic post, company cofounder Jack Clark and Marina Favaro, head of its research institute, said the pause would be used to enable “societal structures and alignment research” to keep up with AI advances. Alignment is industry shorthand for making sure the technology matches human values and intentions.

The proposed coordination would let advanced AI labs verify that global rivals have actually stopped or slowed their work, “and that a bad actor could not use the auspices of a coordinated slowdown to jump ahead in secret”.

The company said a coordinated global mechanism is needed because, without it, a slowdown in AI development could let the “least cautious” players catch up and add to pressure on companies and governments as they make tough choices about AI safety.

Fears that advanced AI systems may get out of human control and cause societal harm have risen as the technology becomes increasingly capable. Anthropic’s own Mythos model sent shockwaves through industries, including banking and software, earlier this year with its ability to find vulnerabilities in existing code.

But regulation has been slow, especially in the US, where most leading AI labs are based. A Trump administration executive order earlier this week put the onus on the labs themselves, asking them to voluntarily submit their most capable models for government cybersecurity testing before public release.

Safety focus

AI researchers have also urged a pause before, but have had little success. Elon Musk, who owns AI lab xAI, was among the backers of a 2023 push by the non-profit Future of Life Institute to halt AI development for six months to allow time for safety guardrails.

Anthropic has long positioned itself as a safety-focused AI lab. Earlier this year, it refused to let the US military use its models for domestic surveillance and fully autonomous weapons, prompting backlash from the government, which put it on a national security blacklist, set to take effect later in 2026.

Anthropic’s post comes as the company and ChatGPT-maker OpenAI race to sell shares on the stock market, in an IPO that could value Anthropic at nearly a trillion dollars.

Papernot notified Canadian cybersecurity authorities prior to releasing his report, which shows how researchers developed the worm in a laboratory by using an “open-source” AI tool that is easy for software developers to cheaply access and modify.

“In the past, cyber attackers would focus on targets that are very high value,” he said. “Banking systems, hospitals, electricity grids, water treatment systems, schools.”

Papernot agreed that there should be more collaboration between companies, government agencies and academic researchers to develop countermeasures as AI-powered hacking tools supercharge the search for computer vulnerabilities.

“That old laptop you have in your basement that you don’t check on regularly doesn’t seem like a very high-value target, but it can be used as a launch pad to attack these higher-value targets,” he said. “Anything connected to the internet is now at risk because of how low the cost has become to mount these cyberattacks.”

China’s state-linked media system is preparing a major investment in artificial intelligence aimed at advancing and disseminating President Xi Jinping’s political ideology. According to Shanghai Stock Exchange filings, Xinhuanet, owned by the official Xinhua News Agency, plans to invest over 1.1 billion yuan (about $162 million) in an AI system called “Xinhua Yudian,” or “Xinhua lexicon.”

The AI agent is designed as an “authoritative” tool for learning, researching, and distributing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. It will draw on a curated state-controlled database and is intended to deliver official narratives, current affairs, and political content in a structured format.

The project builds on China’s broader national strategy to integrate artificial intelligence across governance, industry, and society under the “AI+” initiative launched in 2025, which encourages widespread adoption of AI technologies in both public and private sectors.

Why It Matters

This development highlights how artificial intelligence is increasingly being used not only as a technological tool but also as an instrument of political communication and ideological reinforcement. Unlike commercial AI systems designed for open-ended information retrieval, this platform is explicitly structured to promote state-approved interpretations of policy and leadership thinking.

The initiative reflects Beijing’s growing emphasis on controlling information ecosystems in an era of information overload and competing narratives. By positioning AI as a “trust layer” for political and policy information, China is attempting to address concerns about misinformation while simultaneously strengthening ideological consistency across digital platforms.

The project also signals a broader convergence between state power and emerging technologies. As AI systems become more integrated into education, media, and governance, they are increasingly shaping not only what information is accessed but how it is interpreted. This raises important questions about transparency, bias, and the role of algorithmic systems in political messaging.

Chinese Government and Communist Party
Seeking to strengthen ideological cohesion and ensure consistent dissemination of Xi Jinping’s political doctrine.

Xinhuanet and Xinhua News Agency
Acting as the implementing body, responsible for building and deploying the AI system using state-approved datasets.

Technology Sector in China
Participating in the broader “AI+” initiative, which encourages integration of artificial intelligence across industries.

Chinese Citizens and Digital Users
Target users of the system, particularly students, officials, and professionals seeking policy-related information and official references.

Global Technology Community
Observing China’s use of AI in state communication as part of a wider debate on governance, censorship, and AI ethics.

Future Outlook

The rollout of “Xinhua Yudian” is likely to deepen the integration of artificial intelligence into China’s political and information architecture. If successful, it could serve as a model for other state-backed AI systems designed to standardize ideological communication and policy interpretation.

In the near term, the platform is expected to function as both an information retrieval system and a citation verification tool for official discourse. This may reduce ambiguity in policy communication but also further centralize control over authoritative narratives.

Longer term, the project raises questions about how AI will shape political legitimacy and information control in authoritarian systems. As AI becomes more capable of generating and filtering content at scale, its role may shift from a neutral tool to an active participant in shaping public perception and ideological alignment.

The initiative underscores a broader global trend in which artificial intelligence is not only transforming economies and industries but also becoming a strategic instrument in statecraft and governance.

With information from Reuters.

Nvidia Corp. Chief Executive Officer (CEO) Jensen Huang said Friday that he views robotics as the next major growth sector in South Korea, adding that the domestic market is well-positioned for growth.

Huang, a central figure in the global artificial intelligence (AI) boom, made the remarks after arriving at Gimpo International Airport in western Seoul aboard his private jet for a four-day visit.

“(South) Korea has many sectors to invest in. Robotics is going to be the next major sector,” Huang told reporters, adding that the Korean “market is doing very well.”

Asked whether he had brought any gifts for South Korea, Huang responded with a smile.

“Did I bring any gifts for Korea? I brought a lot of business for Korea,” he said. “I have some surprises.”

The trip comes less than a year after Huang’s previous trip to South Korea in October, which coincided with the Asia-Pacific Economic Cooperation (APEC) CEO Summit in the southeastern city of Gyeongju.

During that visit, Huang drew widespread attention when he joined Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Euisun Chung for a late-night meal of Korean fried chicken and beer, commonly known as “chimaek.”

One of the most anticipated events during Huang’s visit is an informal dinner with SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo and Naver Chairman Lee Hae-jin. Hyundai Motor Group’s chief who had earlier been expected to join the group has since confirmed he will be unable to attend.

Together, the companies represented at the gathering span nearly every layer of the AI value chain, including semiconductors, data centers, AI models, software and robotics.

Huang is also set to hold talks with executives from the gaming industry, AI and robotics startups, university researchers and students, according to industry sources.

“Because Korea is a manufacturing center of the world, we can apply the robotics technology, the physical AI technology that we invent here for the industry,” he said.

He further said Nvidia will partner with domestic manufacturing firms in robotics and AI.

“The manufacturing of semiconductors will become increasingly robotics and increasingly AI driven in the future, and so we have a great opportunity to partner with the semiconductor companies here as well,” he added.

Later in the day, Huang visited an internet cafe in Seoul and met with esports players, including gaming superstar Faker.

“This is the birthplace of esports,” Huang said, emphasizing that Korean gamers have long been among the world’s most competitive players who are using Nvidia’s graphics processing units (GPUs).

Nvidia’s GeForce graphics cards are designed to deliver the high frame rates demanded by professional gamers.

Huang is also expected to meet Krafton Executive Director Chang Byung-gyu and other senior executives from the gaming company, though the exact schedule has yet to be confirmed.

The two companies are expected to discuss potential cooperation involving Nvidia’s RTX Spark platform for premium Windows laptops, as well as physical AI technologies.

Earlier this year, Krafton established a robotics subsidiary called Ludo Robotics.

During his stay, Huang is also expected to meet Science Minister Bae Kyung-hoon to discuss cooperation in AI, including the supply of GPUs.

Details regarding the timing, venue and agenda of the meeting are still being finalized.

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Jensen Huang, chief executive officer (CEO) of U.S. chip giant Nvidia Corp., will visit South Korea later this week for a series of meetings with the heads of major conglomerates and researchers that could pave the way for broader cooperation in artificial intelligence (AI) and robotics, industry sources said Thursday.

Huang is scheduled to arrive at Gimpo International Airport in western Seoul aboard his private jet on Friday afternoon for a four-day visit, following his appearance at the Computex trade show in Taipei, the sources said.

During his stay, Huang is expected to meet with leading business figures, as well as executives from the gaming industry, AI and robotics startups, university researchers and students.

On Friday evening, he is expected to visit a Korean barbecue restaurant in Seoul’s Seongsu neighborhood for a gathering with SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, LG Group Chairman Koo Kwang-mo and Naver Chairman Lee Hae-jin.

Industry observers expect the participants to discuss a wide range of potential cooperation areas between Nvidia and South Korean companies, including high-bandwidth memory (HBM), AI data centers, autonomous driving, robotics and physical AI.

During his previous visit to South Korea in October, which coincided with the Asia-Pacific Economic Cooperation (APEC) CEO Summit in the southeastern city of Gyeongju, Huang drew widespread attention when he joined Samsung Electronics Chairman Lee Jae-yong and Chung for a late-night meal of Korean fried chicken and beer, commonly known as “chimaek.”

On Sunday, Huang is expected to meet with Kim Taek-jin, CEO of NC Corp., a South Korean gaming company, they said.

While the agenda has not been disclosed, discussions are expected to focus on cooperation in gaming and AI.

On Monday, Huang is also expected to hold a closed-door meeting with executives from South Korean AI and robotics startups in Seoul.

The meeting would mark the first known occasion on which Huang has met with robotics startup founders in South Korea.

The Nvidia chief is also coordinating plans to visit the country’s top-notch Seoul National University’s AI institute and robotics research center.

Separate from the visits, Huang has reportedly expressed interest in meeting directly with university students.

Huang is reportedly meeting Krafton’s Executive Director Chang Byung-gyu, and other senior managers from the company, though the exact dates have yet to be confirmed, the sources said.

The two companies are likely to discuss gaming partnerships related to Nvidia’s RTX Spark, a type of semiconductor designed for premium Windows laptops, as well as physical AI.

Krafton has founded a robotics company called Ludo Robotics early this year.

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Elon Musk’s rocket company SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO), paving the way for the largest stock market debut in history.

In a filing with the US Securities and Exchange Commission on Wednesday, SpaceX said that it plans to sell 555.6 million shares at $135 apiece, raising approximately $75bn.

The eye-popping valuation would make SpaceX the world’s seventh-largest company by market capitalisation, ahead of Musk’s electric vehicle maker Tesla and social media giant Meta, and just behind Taiwanese chipmaker TSMC.

It would also eclipse energy giant Saudi Aramco’s 2019 debut, which raised $26bn at a valuation of $1.7 trillion.

Musk, who holds a roughly 42 percent stake in SpaceX, is poised to become the world’s first trillionaire upon the company’s debut on the New York-based Nasdaq stock exchange on June 12.

Despite the public listing, Musk will retain effective control of SpaceX with more than 82 percent of voting rights, the result of a dual-class stock structure that grants certain shares 10 votes instead of one.

The Texas-based firm’s decision to set a specific share price ahead of its IPO marks a break from usual practice.

Companies preparing for a public listing usually announce a preliminary price range that can be adjusted based on investor interest.

“The genuine surprise is that SpaceX fixed a price before the investor roadshow began,” Fabien Yip, a market analyst at online trading and investment company IG Group, told Al Jazeera.

“To me, this reflects Musk’s control over the deal terms and his confidence that the book will fill.”

Founded by Musk in 2002, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles on behalf of NASA and private companies.

The company also provides internet services and artificial intelligence models through its Starlink and xAI divisions.

Musk has outlined lofty ambitions for SpaceX, including to establish a “self-sustaining” city on Mars, “make life multiplanetary,” and “extend the light of consciousness to the stars”.

SpaceX’s listing will be a test of investors’ confidence in Musk’s vision, which has yet to translate into profits at the company.

SpaceX reported a net loss of $4.9bn on revenue of 18.7bn in 2025, followed by a $4.3bn loss in the first quarter of this year.

Jay R Ritter, an emeritus professor at the University of Florida who specialises in IPOs, said the SpaceX IPO differs from Saudi Aramco’s blockbuster listing as the state-owned oil company had a track record of generating large revenues and profits.

“SpaceX, in contrast, has trailing annual revenue of less than $20bn, and is not profitable,” Ritter told Al Jazeera.

“So, one company’s valuation was – and is – based on its demonstrated profitability, while the other company’s valuation is based on potential.”

“With SpaceX, there is a risk that cash flows will be used to send hundreds of thousands of people to Mars, at a loss,” Ritter added.

Despite SpaceX’s lack of profitability, market sentiment is strong, said IG’s Yip, noting that buyers of investment products linked to the listing are pricing the company’s end-of-first-day market capitalisation at $2.2 trillion.

“The Tesla parallel is perhaps worth drawing: It debuted in 2010 as a loss-making company and largely tracked the S&P 500 for years, only breaking away decisively once it turned profitable for the first time in Q1 2013,” Yip said, referring to the benchmark stock index on Wall Street.

“SpaceX investors are making a similar bet on future growth, with the added complexity that SpaceX’s addressable market – rockets, satellite internet, AI – is considerably broader than Tesla’s was at listing.”

June 3 (UPI) — CBS News fired veteran journalist Scott Pelley from 60 Minutes after an argument with its new executive producer two days before.

Pelley, 68, is a former anchor of the CBS Evening News and joined the network in 1989. Pelley is a familiar face on Sunday evenings as a correspondent for 60 Minutes.

On Monday, Pelley took issue with the recent firing of two correspondents and the show’s leadership team. He told his new producer Nick Bilton, a tech journalist hired last week, that CBS News editor-in-chief Bari Weiss was “murdering 60 Minutes.”

“She was brought in to kill it, and she’s been doing exactly that,” The Hill reported Pelley told Bilton.

In a memo to staff Tuesday evening, Bilton said, “We have parted ways with Scott Pelley,” The New York Times reported. The network chose not to comment.

Bilton wrote a formal letter to Pelley explaining his termination, which was shared with The Times. He told Pelley he was “terminated for cause effective immediately.”

“I have been in combat in Afghanistan,” Pelley told The Times in an interview. “I have been in combat in Iraq. I have been in the war zone in Ukraine multiple times, risking my life and the happiness of my family because of my devotion to the broadcast.”

He said he still cares deeply about the show.

The program is CBS News’ most successful show, and its ratings were up 9% over last year. It’s often among the highest-rated weekly broadcasts in the country, according to Nielson.

In the letter from Bilton, he said Pelley “hijacked” the meeting Monday

“Yesterday’s performative display of hostility enacted in front of the staff instead of in a civil, private conversation, demonstrated that you have no interest in contributing to the future success of the show, or approaching my new tenure with a mind open to collaboration and progress,” Bilton wrote. “I am here to deliver first-in-class news programming, not to make headlines about newsroom drama. I am eager to work alongside those who share this goal.”

Pelley, in The Times interview, said the letter “betrays a complete misunderstanding of what we work for and what we live for at 60 Minutes.”

He also told The Times on Tuesday that “incompetence and unprofessionalism in the new management have wreaked havoc” at the network. “The collapse of values at the top has become untenable.”

He alleged that management had pressured him to insert bias into his stories over the past season, though he didn’t give details.

Now the show is down four of its correspondents: Sharyn Alfonsi and Cecilia Vega were fired last week, and Anderson Cooper left the show in May at the end of the season.

Weiss was hired last year by David Ellison, CBS owner and son of tech mogul Larry Ellison. She was given the order to revamp the news for the digital era. Weiss is an opinion writer with little broadcast experience. Bilton is a tech journalist with no experience in broadcasting.

CBS management had a meeting with Pelley on Tuesday to discuss the situation and find a way to move forward, but it turned contentious, some people with knowledge told The Times. Pelley said in the interview with The Times that Weiss wouldn’t answer his questions about why Simon, Alfonsi and Vega were fired.

Pelley said Weiss’ behavior “was cold and callous and beneath the dignity of CBS News.”

Weiss told staff Wednesday morning that “despite our attempts to engage with Scott Pelley and to find a way back, unfortunately we weren’t able to do so, and so we had to part ways.”

But Pelley said it wasn’t true. “At no point did anyone at the Tuesday meeting suggest that there could be steps taken by either side that would lead to a resolution,” he said.

June 1 (UPI) — Florida’s attorney general announced Monday that the state is suing OpenAI and its founder and CEO, Sam Altman, saying the company chose “profits over public safety” in creating a dangerous product in the form of ChatGPT. It is the first state to sue the company over these design and safety concerns.

“The rise of OpenAI is attributable to a web of deceit and the exploitation of users (including Floridians), leveraging their data and safety to boost OpenAI’s market value at unacceptable costs,” the complaint filed by Attorney General James Uthmeier said, NBC News reported.

The lawsuit claims that OpenAI violated Florida’s rules on deceptive business practices and knew that its chatbot could be dangerous to children and others through actions such as providing “harmful information such as tips on eating disorders, self-harm and mass murder,” The New York Times reported. It says OpenAI presents “a great danger of addiction, cognitive decline, suicide, violence and related harms.”

The civil suit is separate from Florida’s ongoing criminal investigation into OpenAI, which Uthmeier openedin April. It includes multiple counts of deceptive and unfair trade practices, negligence, violations of product liability laws, fraudulent misrepresentation and causing a public nuisance.

OpenAI representatives have not yet commented on this lawsuit. Representatives have said in response to past claims that the company designs its systems with safety in mind and that there are “safeguards in placeto help people, especially teens, when conversations turn sensitive.”

“We continue improving ChatGPT’s training to recognize and respond to signs of mental and emotional distress, de-escalate conversations and guide people toward real-world support,” the company said in a prior statement.

The lawsuits also mentions OpenAI’s connections to a mass shooting at Florida State University and killings at the University of South Florida. In both cases, suspects asked ChatGPT for information connected to the attacks.

Benchmark Nikkei 225 tops 68,000 for first time as AI-driven buying frenzy shows no signs of slowing down.

Japan’s stock market has hit an all-time high as a global buying frenzy driven by AI shows no signs of slowing down.

The Nikkei 225 rose nearly 3 percent on Wednesday, lifting the benchmark index above 68,000 for the first time.

The latest surge continues a banner year for Japan’s stock market, which is up nearly 33 percent so far in 2026.

“Investor enthusiasm over the AI boom is helping drive Asian equity markets higher,” Khoon Goh, head of Asia research at ANZ, told Al Jazeera.

“While strong demand for high-end chips has seen the top semiconductor companies in Taiwan and South Korea rally strongly, this is also benefiting Japanese markets, which are also getting some tailwind from a weak yen.”

Japanese firms involved in the semiconductor business led the gains.

Tokyo Electron, Japan’s largest manufacturer of semiconductor equipment, soared as much as 14 percent in morning trading.

Advantest, which supplies testing equipment to the semiconductor industry, rose more than 5.5 percent.

Shin-Etsu Chemical, a supplier of silicon wafers used in integrated circuits, gained about 4 percent.

Softbank, which is heavily invested in AI models, chips and data centers, fell about 3 percent, after overtaking auto giant Toyota on Monday to become Japan’s biggest company by market capitalisation.

Ferocious demand for AI chips has been driving record-breaking rallies in stock markets across the globe, taking key indexes in the US, Japan, South Korea, Taiwan to record highs.

During the past month, three memory chip makers – South Korea’s SK Hynix and Samsung Electronics, and US-based Micron – entered the elite club of firms with a market capitalistion of at least $1 trillion.

Only 17 companies have hit the milestone, all but five of which are based in the United States.

Despite concerns about the sustainability of the sky-high valuations in the sector among some investors, tech companies are continuing to commit huge sums to AI-related infrastructure.

US tech giants are expected to spend about $800bn on AI-related capital investment in 2026, according to Goldman Sachs.

Google parent company Alphabet on Monday became the latest Silicon Valley giant to outline its AI-related investment plans, announcing that it would sell $80bn worth of shares to help fund expected capital expenditures of $180-190bn in 2026.

A swarm of drones lit up the evening sky near Taiwan’s Taipei 101 skyscraper in a dazzling display depicting a giant robot, a sports car, and Earth. The light show was part of Computex Taipei, one of Asia’s largest technology exhibitions.

Oscar-winning director Martin Scorsese is joining the ranks of entertainment industry power players embracing generative AI.

Black Forest Labs, the German AI startup behind the text-to-image model Flux, announced Tuesday that Scorsese is joining the company as an advisor.

The company unveiled the collaboration on its website with a video of the auteur using Flux to storyboard scenes, which involves mocking up shots before filming.

“This conveys a cinematic intelligence,” he said in the video, discussing the program’s uses with Black Forest Labs co-founder and Chief Executive Robin Rombach and Creative Artists Agency co-founder Michael Ovitz. According to the New York Times, Ovitz, an investor in Black Forest Labs, helped bring Scorsese aboard, along with Rick Yorn, Scorsese’s talent manager, whose investment firm BroadLight Capital is also an investor.

In a statement, Scorsese emphasized the potential for AI to transform the storyboarding process.

“For 70 years, I’ve been creating my own storyboards. There’s always been this problem of how do you communicate what you see in your head to your cast and crew. There are some things you have to see and feel,” he said. “I’m interested in the intersection of technology and storytelling, and seeing how that can push the bounds of creativity to create deeper and richer experiences for audiences.”

Traditionally, storyboarding is done by hand or digital illustration through a collaboration between directors and storyboard artists.

Scorsese’s public espousal of this technology marks the latest shift in attitude about AI from powerful Hollywood creatives. Since generative AI became widely accessible in 2022, Hollywood has struggled to navigate its power to rapidly upend industry norms.

Scorsese is not the first decorated filmmaker to embrace AI. James Cameron, the Oscar-winning “Avatar” director, is on the board of directors for Stability AI, where Rombach worked before launching Black Forest Labs. In his keynote address at the AI on the Lot conference last week, director and screenwriter Paul Schrader expressed a mixture of admiration and caution toward the technology.

“AI does not create — it combines,” Shrader said. “If AI wants an idea, it has to go to where that idea already exists. Of course, you can make the argument that that’s all artists do anyway, and to a degree that’s a valid argument. But you still have to come up with something.”

Not everybody is on board with generative AI’s potential transformations. Guillermo del Toro and Seth Rogen spoke out against the technology at Cannes last month, and below-the-line wokers, screenwriters and actors have continued to express apprehension and even horror at the prospect of being replaced by generative AI.

Scorsese’s entry into the AI field might especially shock fans given his traditionalist approach to filmmaking. In 2019, he famously criticized Marvel movies, calling them “theme parks” and “not cinema.”

“It isn’t the cinema of human beings trying to convey emotional, psychological experiences to another human being,” he said in a 2019 interview with Empire Magazine.

Even if his filmmaking centers humanity, Scorsese’s partnership with Black Forest Labs demonstrates his willingness to incorporate non-human assistance.

“Remember, cinema is a young medium, only around 125 years old, so we have to be open to how it can evolve,” he said in the statement on Black Forest Labs’ website.

Technology stocks led a broad market rally across China and Hong Kong on Tuesday as investors poured into artificial intelligence related companies despite continuing uncertainty surrounding developments in the Middle East.

The strongest gains came from major technology firms including Tencent and Meituan, helping push Hong Kong’s technology index to one of its biggest daily advances in months. The rally reflected growing investor confidence in China’s technology sector, particularly in artificial intelligence, even as markets monitored fragile diplomatic efforts and ceasefire discussions involving regional conflicts.

The performance highlights an increasingly important theme in global markets: investors are weighing geopolitical risks against the powerful growth narrative surrounding artificial intelligence and technology innovation.

Background

Chinese technology stocks have experienced a volatile few years marked by regulatory scrutiny, slowing economic growth, property market challenges, and shifting investor sentiment.

However, the global artificial intelligence boom has provided a fresh catalyst for the sector.

As major technology companies race to develop AI models, digital assistants, and enterprise applications, investors have increasingly focused on firms capable of benefiting from the next phase of technological transformation.

At the same time, geopolitical developments continue to influence market sentiment. Escalating tensions in the Middle East, concerns about energy prices, and broader uncertainty in global financial markets have periodically weighed on risk assets.

Against this backdrop, Tuesday’s rally suggests that technology driven growth expectations remain a dominant force in investor decision making.

What Happened?

Major Chinese and Hong Kong equity indices posted strong gains:

• Hong Kong’s Hang Seng Index rose 2.5 percent.
• The Hang Seng Tech Index surged 4.7 percent.
• China’s STAR 50 Index gained 1.6 percent.
• The ChiNext Index climbed 2.7 percent.
• The CSI300 advanced 1.5 percent.
• The Shanghai Composite Index increased 0.4 percent.

Technology stocks were the primary drivers of the rally.

Tencent shares jumped more than 10 percent following reports that the company is moving closer to launching an artificial intelligence agent integrated into WeChat, China’s largest social media and messaging platform.

Meituan also gained strongly after investors reacted positively to signs that intense competition in China’s food delivery industry may be beginning to ease.

The rally extended beyond technology, with artificial intelligence related shares and non ferrous metal companies also recording significant gains.

Tencent’s AI Push Captures Investor Attention

Why Tencent’s Move Matters

The strongest market reaction centered on Tencent.

Reports suggesting that the company is nearing the launch of an AI agent for WeChat generated excitement because of the platform’s enormous user base of approximately 1.4 billion people.

If successfully deployed, such an AI assistant could become one of the largest consumer facing artificial intelligence applications in the world.

The development is significant because AI competition is increasingly shifting from standalone chatbots toward integration within existing digital ecosystems.

Companies that already possess massive user networks may have advantages in scaling AI services rapidly.

The Strategic Importance of WeChat

WeChat occupies a unique position within China’s digital economy.

The platform combines messaging, payments, shopping, business services, entertainment, and social networking into a single ecosystem.

Integrating AI directly into this environment could significantly enhance user engagement while creating new revenue opportunities through advertising, commerce, and premium services.

Investors appear to be viewing Tencent’s AI ambitions as a potentially transformative growth driver.

Why Meituan’s Gains Matter

Signs of Competitive Stabilization

Meituan’s rise may appear surprising given its latest quarterly loss.

However, investors focused less on earnings and more on indications that subsidy driven competition in China’s rapid delivery sector is beginning to moderate.

For much of the past year, food delivery companies have engaged in aggressive pricing battles designed to capture market share.

While beneficial for consumers, these strategies have pressured corporate profitability.

Evidence that the competitive environment is stabilizing could improve future earnings prospects across the sector.

Shift Toward Profitability

Investors often reward companies when they believe industry conditions are becoming more rational.

For Meituan, expectations of reduced subsidy spending may be viewed as a pathway toward stronger margins and improved financial performance.

The AI Investment Narrative Continues

Artificial Intelligence Remains a Global Theme

One of the most important lessons from Tuesday’s rally is that artificial intelligence continues to dominate market thinking.

Despite geopolitical uncertainty, investors remain eager to identify companies positioned to benefit from AI adoption.

This trend is not limited to the United States.

Chinese technology firms are increasingly being evaluated based on their ability to develop competitive AI products, infrastructure, and services.

Zhipu AI’s Listing Plans

Another development attracting attention was the announcement that Zhipu AI intends to pursue a domestic stock market listing in Shanghai.

The move highlights growing confidence among Chinese AI firms and demonstrates the sector’s increasing importance within China’s capital markets.

A successful listing could further strengthen investor interest in domestic AI development.

The Middle East Factor

Why Investors Remain Cautious

Although technology optimism drove markets higher, geopolitical developments remain a significant source of uncertainty.

Investors continue monitoring negotiations involving the United States, Iran, Israel, and regional actors.

Potential disruptions to energy markets remain a key concern because rising oil prices can increase inflation pressures and slow economic growth globally.

Markets Are Balancing Two Competing Forces

Current market behavior reflects a balancing act.

On one side are geopolitical risks, including conflict, energy market volatility, and diplomatic uncertainty.

On the other side is enthusiasm surrounding technological innovation and artificial intelligence.

Tuesday’s rally suggests that, at least for now, investors believe technology driven growth opportunities outweigh immediate geopolitical concerns.

Analysis: Why China’s Technology Sector Is Regaining Momentum

The significance of Tuesday’s rally extends beyond a single trading session.

It reflects a broader reassessment of China’s technology sector.

For several years, investors viewed Chinese technology companies primarily through the lens of regulatory risk, slowing growth, and geopolitical tensions.

Today, artificial intelligence is changing that narrative.

Investors increasingly see Chinese firms as participants in a global technological transformation rather than merely domestic internet companies.

Tencent’s gains illustrate this shift particularly well.

The market reaction was not driven by short term earnings or cost cutting measures. Instead, it was driven by expectations regarding future technological capabilities and growth potential.

Another important factor is capital flows.

China remains one of the few major emerging markets attracting investment across equities, bonds, and currencies simultaneously. This provides a supportive backdrop for asset prices even when external risks remain elevated.

At the same time, investors should not ignore underlying challenges.

China’s economy continues to face pressures from weak consumer demand, property sector difficulties, and slower growth compared with previous decades.

Artificial intelligence enthusiasm may boost valuations, but sustained market strength will ultimately require broader economic improvement.

Nevertheless, Tuesday’s performance suggests that global investors increasingly view China’s technology sector as a key participant in the AI revolution rather than merely a recovery story.

Future Scenarios

Scenario One: AI Momentum Continues

Technology companies successfully launch new AI products and attract additional investment.

This could drive further gains across China’s technology sector and strengthen market sentiment.

Scenario Two: Economic Weakness Limits Gains

Artificial intelligence enthusiasm remains strong, but broader economic challenges constrain corporate earnings and consumer spending.

Technology stocks continue rising, though at a slower pace.

Scenario Three: Geopolitical Risks Reemerge

Escalating tensions in the Middle East or worsening global economic conditions trigger risk aversion.

Investors shift away from growth assets, leading to increased market volatility.

What’s Next?

Investors will closely watch Tencent’s progress in launching AI features for WeChat and monitor adoption rates if the product is introduced.

Attention will also focus on upcoming earnings reports, AI related announcements, and developments surrounding Zhipu AI’s planned listing.

Beyond technology, markets will continue evaluating geopolitical developments in the Middle East and their potential impact on energy prices and global investor sentiment.

The interaction between technological optimism and geopolitical uncertainty is likely to remain one of the defining themes for financial markets throughout the coming months.

Conclusion

Tuesday’s rally demonstrates that artificial intelligence remains one of the most powerful forces shaping global investment decisions. Strong gains in Tencent, Meituan, and other technology companies highlight growing confidence in China’s ability to participate in the next phase of AI driven innovation.

While geopolitical risks continue to create uncertainty, investors appear increasingly willing to look beyond short term tensions and focus on long term technological opportunities. Whether this momentum can be sustained will depend not only on AI breakthroughs but also on the broader health of China’s economy and the stability of the global geopolitical environment.

With information from Reuters.

US tech giant says fundraising drive includes deal to sell $10 bn of stock to Berkshire Hathaway.

Alphabet, Google’s parent company, has announced plans to sell $80bn worth of shares to fund its rollout of artificial intelligence.

Alphabet said on Monday that the equity offerings would finance the rollout of AI infrastructure needed to meet “unprecedented customer demand”.

The US tech giant said the fundraising drive included a deal to sell $10bn of stock to Berkshire Hathaway, the conglomerate led for six decades by legendary investor Warren Buffett.

The remaining $70bn will come from $30bn in underwritten offerings – a type of share issuance where a financial institution buys stock to sell on to investors – and $40bn in staggered sales on the open market.

“The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” Alphabet said in a statement.

“By scaling its investments, the company seeks to expand its foundational infrastructure to support the significant growth opportunity ahead.”

Shares of Alphabet, which has a market capitalisation of more than $4.5 trillion, were down about 1 percent in after-hours trading following the announcement.

Like other Silicon Valley giants, Alphabet, whose AI business spans the Gemini family of assistants, data centres and cloud services, has committed eye-watering sums to AI-related infrastructure.

The company said in its most recent earnings call that it expected its capital expenditures to reach $180-190bn this year, and rise “significantly” in 2027.

US tech behemoths, such as Alphabet, Microsoft, Amazon and Meta, are expected to spend some $800bn on AI-related capital investment in 2026, according to an analysis by Goldman Sachs.

Troy Hooper, co-head of equity capital markets for the Americas at the financial intelligence provider Mergermarket, said Alphabet’s funding plans underscored the intensity of the race to lead the AI buildout.

“For hyperscalers, compute capacity is a direct driver of future revenue,” Hooper told Al Jazeera.

“By leaning into equity, Alphabet is bringing in permanent capital rather than burdening a balance sheet already absorbing record capex,” Hooper said, using the shorthand for capital expenditure.

Hooper said US tech giants have come to view underinvestment in AI as an “existential risk” and over-investment as “merely expensive”.

“The logic is simple: under-investing is an existential risk; over-investing is merely expensive. Microsoft, Amazon, and Meta are following the same calculus,” Hooper said.

“Ownership at scale lowers the marginal cost of training advanced models, building a moat smaller competitors will struggle to match. The message is clear: The winners of the AI era will be decided not just by algorithms, but by who owns the largest and most efficient compute platforms.”

June 1 (UPI) — Artificial intelligence company Anthropic confidentially filed Monday for an initial public offering with the Securities and Exchange Commission, joining SpaceX and OpenAI in plans to go public this year.

“This gives us the option to go public after the SEC completes its review,” Anthropic said in a statement, CNBC reported. “The proposed initial public offering will depend on market conditions and other factors.”

That makes three prominent companies with IPO plans in 2026. SpaceX plans to debut next week, while OpenAI is preparing to file. Anthropic’s filing did not give any further information on timing, but it could go public as soon as this fall, The New York Times reported.

Last week, Anthropic passed OpenAI in valuation, reporting $965 billion as opposed to OpenAI’s $852 billion reported in March, CNBC reported. The company, based in San Francisco, is the creator of the Claude chatbot and the Claude Mythos Preview AI model. It has a focus on software coding.

Anthropic’s founders left OpenAI in 2021 to found the new company after concerns about OpenAI’s direction. Anthropic leaders have stressed safety in the use of AI, which caused issues with the U.S. Department of Defense after the company wanted limits on military and intelligence usage of its products.

President Donald Trump then called it a “radical left, woke company” and ordered federal agencies to stop using Anthropic products, while Pete Hegseth, the secretary of defense, called the company a supply chain risk to national security. Anthropic has sued the Trump administration to reverse the blacklisting, and that lawsuit is ongoing. Meanwhile, the company’s growth in the private sector has accelerated, CNBC reported.

Anthropic, which operates AI chatbot Claude, did not disclose the size or the terms of the offering.

Artificial intelligence giant Anthropic has confidentially filed for an initial public offering (IPO) in the United States, teeing up what could become a watershed moment for Wall Street’s AI frenzy.

The move, announced on Monday, sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white-collar work around the world can match the sky-high expectations surrounding the booming sector.

Anthropic, which operates AI chatbot Claude, did not disclose the size or the terms of the offering. Confidential submissions let companies advance IPO preparations while shielding sensitive financial details from rivals and the public.

Anthropic last raised $65bn at a post-money valuation of $965bn in late May, putting it ahead of rival OpenAI. The company said at the time it was making annualised revenue of $47bn from selling its technology to people and organisations using Claude to write code and do other work and personal tasks on their behalf.

The crucial step towards a listing comes on the heels of SpaceX’s mega-IPO, which is on course to rewrite the record books as the Elon Musk-led company pursues a $75bn offering at a $1.75 trillion valuation.

Anthropic was formed in 2021 by ex-OpenAI leaders, and now both AI firms, along with Elon Musk’s rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fuelling concerns of an AI bubble.

OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market’s most richly valued firms.

Anthropic’s rapid rise in early 2026 rattled markets, triggering sharp sell-offs in software and IT stocks as investors worried its increasingly autonomous AI tools could upend traditional business models and accelerate disruption across industries.

“OpenAI and Anthropic are in a race to go public before capital runs out,” said analyst Gil Luria from the investment firm DA Davidson.

“The other reason for Anthropic to try to beat OpenAI out to the public market is that they will get to set the agenda for how a frontier model reports financials and do so in a way that is favourable to their financial model.”

OpenAI is also preparing to confidentially file for a US IPO in the coming weeks, adding to a wave of blockbuster ‌listings anticipated in the year ahead.

A market milestone

As many blockbuster listings race towards public markets, companies from SpaceX to AI giants are competing for a finite pool of investor capital.

“The combined demand for capital from SpaceX, OpenAI and Anthropic will be so considerable that it is likely to create disruptions in the capital markets, so going early will be a great advantage,” Luria said.

The listing would represent one of the most consequential stock market debuts in years, potentially reshaping benchmark indexes, investor flows and the broader narrative driving US equities.

At close to a $1 trillion valuation, Anthropic would vault into the top tier of the S&P 500, alongside a handful of elite companies that dominate global equity markets.

An Anthropic debut would be a major boost for the long-sluggish IPO market, though experts and bankers warn an offering of such scale could drain liquidity and investor attention from smaller listings.

Nvidia is set to bring artificial intelligence to laptop and desktop computers with brands like Microsoft and Dell later this year as the US tech giant broadens its AI presence.

The Santa Clara, California-based AI chipmaker unveiled on Monday at its annual Nvidia GTC event in Taipei new powerful chips that would bring advanced AI functions to laptops and desktop computers.

CEO Jensen Huang said that the new development is “going to reinvent the PC [personal computer]”.

The changes come amid three years of collaboration between Microsoft and Nvidia and pit the latter against companies like chipmaker Advanced Micro Devices and personal computer brands Intel and Apple.

“This is going to be the new PC,” Huang said as he unveiled Nvidia’s RTX Spark superchip — which combines CPU, or central processing unit, and GPU, or graphics processing unit, capabilities — that would power new Windows laptop and desktop computer models in what the company called “AI personal computers”, expected to debut in the fall of this year.

The chip, developed with Taiwan’s MediaTek, will be in compact desktops from Dell, HP, Lenovo, ASUS, Microsoft Surface and MSI, with models from Acer and GIGABYTE to follow.

Nvidia, which is already the world’s most valuable company, said the reinvention will be for creating and gaming.

“When it has an autonomous [AI] agent, an agent that’s helping you, that understands you, you could talk to it. It could look at you. You could ask it to read files, go help you do some research. It could do a lot more,” Huang said.

Microsoft said in a separate statement that the personal computers running on Nvidia’s RTX Spark superchips would be able to support “highly capable AI models” and complex workloads. With the new superchips, these personal computers can run AI agents locally, Nvidia said.

“This is the first across the lineup of PC reinvention for 40 years,” Huang said.

Nvidia’s move is significant at a time when demand is growing for the use of personal AI agents, said Lian Jye Su, chief analyst at the technology research and advisory group Omdia.

“For consumers, it means more choices, which is always a good thing,” Su said.

Neil Shah, analyst and co-founder of Counterpoint Research, described Nvidia’s announcement as a move that’s “revolutionising how PCs would look like in the next 10 years”.

The new laptops and desktop computers “will drive agentic AI applications in every home”, Shah said, with an aim of having an “AI supercomputer” in each household.

Also during Monday’s speech, Nvidia’s Huang said its new Vera CPUs for data centres are in full production and are “going to be our new major growth driver” on the boom of AI agents, with early customers including Anthropic, OpenAI and SpaceXAI.

Huang also revealed a humanoid robot reference design that could act as a blueprint for future research, especially within the higher education sector. Nvidia said its “Isaac GR00T” stands nearly 1.83 metres (6 feet) tall and has the humanoid chassis of Chinese robot maker Unitree’s H2. It is equipped with five-fingered dexterous hands, made by Singapore-based robotics startup Sharpa, that are capable of finely controlled movements.

Reception for AI PCs has been mixed so far. HP reported last week that the devices helped prop up quarterly sales, but Dell said earlier this year that demand had fallen short of initial expectations. Qualcomm, looking to capitalise on AI demand, has also been offering AI PCs with Microsoft.

On Wall Street, Nvidia stock rose nearly 4 percent on the news in midday trading. Microsoft ticked up 2.5 percent and Dell surged 9.3 percent. Competitors AMD and Intel, on the other hand, are on the decline. AMD is down 0.1 percent from the market open, and Intel is down by 2.5 percent.

Department of Commerce issues guidance on chip restrictions amid concerns about loopholes in export control regime.

The United States has issued a notice affirming its restrictions on shipments of semiconductors to subsidiaries of Chinese companies located outside China amid concerns about loopholes in Washington’s export control regime.

The Department of Commerce said in the guidance issued on Sunday that its licensing requirements for the export of advanced AI chips applied to all businesses with headquarters or a parent company in China.

The Bureau of Industry and Security (BIS), which falls under the Commerce Department, said it issued the clarification in response to questions about whether it was enforcing preexisting licence requirements after it had overturned former President Joe Biden’s AI Diffusion Framework.

“The answer is yes,” the BIS said in the notice.

Unveiled in the final days of the Biden administration, the AI Diffusion proposed the implementation of a globe-spanning framework to control access to AI chips, including export caps for all but the closest US allies.

The framework drew backlash from tech firms, including Nvidia, the world’s most valuable chip company, which cast the proposal as a threat to innovation and cross-border collaboration.

President Donald Trump’s administration scrapped the framework last May, ahead of its implementation, citing the “burdensome new regulatory requirements” and the harm it would do to Washington’s diplomatic relations with other countries.

Chip giant Nvidia, whose top-of-the-line Blackwell GPUs are banned for export to China, said it had already been operating in keeping with the clarified rules.

“The guidance reaffirms that NVIDIA’s sales and vetting process is correct – consistent with our existing approach, licences are required to ship controlled products to PRC headquartered companies,” a Nvidia spokesperson told Al Jazeera, using the acronym for the People’s Republic of China.

AMD and Intel, Nvidia’s main competitors in the GPU space, did not immediately respond to requests for comment.

TSMC, which manufactures the most advanced chips on behalf of clients such as Nvidia, did not immediately return an email seeking comment.

The BIS also did not respond to inquiries.

Chris McGuire, a former State Department official who worked on technology policy in the Biden administration, accused the Trump administration of providing Chinese companies a loophole to buy export-controlled chips.

“Chinese companies have been buying these chips, very likely at scale. And because BIS has not updated export control regulations to clearly state what it IS enforcing, all of this was legal,” McGuire said in a post on X.

“This clarification does make clear that Blackwell shipments to China-headquartered companies outside of China are now illegal again – which is good, although obviously we have to see how many shipments have already gone to assess how much damage was done,” McGuire said.

“BIS’ statement acknowledges these shipments have been happening when it says companies who bought chips under this loophole don’t have to stop using them.”

The US has rolled out numerous restrictions on the supply of high-end technology to China, as Washington and Beijing battle for dominance in AI.

In December, Trump announced that he would allow Nvidia to sell its H200 chip to China, in a major loosening of Washington’s export controls.

While not Nvidia’s most advanced chip, the H200 is about six times as powerful as the H20, the most advanced chip previously allowed for export to China.

Lawmakers in the United States are quietly advancing a proposal that could deepen military ties between the US and Israel in unprecedented ways, at a time when public support for Israel among Americans is increasingly fractured.

Among the provisions included in the 2027 National Defence Authorisation Act (NDAA) released this week is Section 224, the “United States-Israel Defence Technology Cooperation Initiative”.

The NDAA, which Congress passes annually to set military policy and authorise defence spending, will undergo further debate and amendments before becoming law. Some legislators have already signalled opposition, with Representative Thomas Massie saying he would seek to remove the provision if it reaches the House floor.

The measure remains at an early stage, but analysts say if passed, it would limit political oversight over the defence relationship.

Analysts added that it could mark a significant shift in the US-Israel relationship, moving beyond a model centred on American military aid towards deeper institutional integration between the two countries’ defence industries and militaries.

Critics argue that such a move would make support for Israel less a matter of political choice and more a structural feature of US national security policy, embedding the relationship within joint military and industrial programmes that would be difficult to unwind.

What does the proposal include?

Section 224 incorporates elements of the US-Israel Future of Warfare Act legislation introduced by Representative Ronny Jackson, according to Track AIPAC. While the legislation did not advance as a standalone bill, key elements of it were instead folded into the NDAA.

The provision would require the US defence secretary to designate an official responsible for coordinating military cooperation between the two countries. According to the text, that official would be tasked with “synchronising cooperative efforts between the United States and Israel”, including “bilateral defence technology research, development, testing, evaluation, integration and industrial cooperation”.

The legislation envisages cooperation across a wide range of military technologies. It specifically identifies as priority areas; “counter-unmanned systems including aerial, maritime and ground platforms”, “anti-tunnelling and subterranean threats”, and “missile and air defence technologies”.

The proposal also seeks to deepen collaboration on emerging technologies, including “artificial intelligence, quantum machine learning and autonomous systems”, as well as “directed energy and advanced sensing”, “cyber defence, electronic warfare and digital resilience”, and “biotechnology, biomanufacturing, and medical defence”.

The inclusion of “network integration” and “data fusion” has drawn particular attention because it suggests significantly closer integration of military information systems between the two countries.

The United States and Israel already cooperate on defence projects, including missile defence systems such as Iron Dome. However, analysts say that Section 224 would expand cooperation into nearly every major area of emerging military technology, and could create a “lock-in” between the two countries military infrastructure.

Mark Hilborne, a senior lecturer, the School of Security Studies at King’s College London, told Al Jazeera the proposal goes well beyond the traditional foundations of the US-Israel defence relationship.

“While historically, the US-Israel defence relationship has included US military aid and weapons transfers, joint missile defence programmes such as Iron Dome, David’s Sling and Arrow, and intelligence and operational cooperation, the proposed agreement increases cooperation to include a wider set of emerging technologies,” he said.

“So this all suggests a much tighter integration – less about provision and perhaps sharing technologies and capabilities, and more about jointly developing these.

“It would point to a more institutionalised relationship, and perhaps one that might survive changing administrations in the US, as some of the development cycles could be very long and would become entrenched,” he said.

Why is it controversial?

The proposal comes amid growing debate in the US over military support for Israel, particularly as Israel’s genocidal war on Gaza continues, and concerns mount over the use of US-made weapons.

Human rights organisations and United Nations experts have repeatedly raised concerns about Israeli military actions in Gaza, where despite a so-called ceasefire in place since last October, at least 850 Palestinians have been killed. Israel is also advancing into southern Lebanon, where it has killed more than 3,000 people since the beginning of March.

These wars have led to increasing scepticism among Americans towards unconditional support for Israel, recent opinion polls suggest.

A New York Times poll in May found that only 30 percent of respondents believed Donald Trump made the right decision in ordering military strikes against Iran, while 64 percent said it was the wrong decision.

An Institute for Global Affairs poll released last week found that only 16 percent of Americans support continuing weapons transfers to Israel without additional restrictions. Thirty-eight percent said the US should stop supplying weapons entirely, while 24 percent said military aid should be conditioned on how the weapons are used.

Opposition has also emerged from parts of the Republican Party, which traditionally has always been aligned with Israel.

Former Representative Marjorie Taylor Greene criticised the proposal on social media, writing: “This is what complete capture to a foreign government looks like, and there hasn’t been a single shot fired.”

Massie, who has opposed military aid to Israel, likewise pledged to introduce an amendment removing the provision from the NDAA. The Republican senator was defeated in the primary elections last month, highlighting the financial and political influence of pro-Israel lobby groups in the US.

Influential conservative commentator, Tucker Carlson, has increasingly criticised US support for Israel, reflecting divisions within the broader MAGA movement. Criticism has also intensified among left-wing Democrats, with many calling for restrictions on military aid to Israel.

What could it mean in practice?

Critics of the measures warn that the proposal could create a form of institutional “lock-in” that makes both countries simultaneously reliant on each other for military development and procurement.

Some analysts say such integration would move key aspects of the US-Israel relationship away from highly visible aid votes or commercial contracting, and into the less transparent world of defence procurement and industrial partnerships at a state-to-state level.

Hilborne from the King’s College said the initiative could also have direct implications for Palestinians. “If joint R&D produces more effective technology, then systems related to surveillance, autonomous vehicles, AI and targeting, and various counter-drone or counter-missile technology would be improved, providing a capability boost to Israeli forces operating in Gaza or the West Bank,” he said.

“This enhanced integration would further embed US technology into Israeli forces. These would all be concerns from a Palestinian perspective.”

Critics also point to the economic implications, where expanded co-production agreements could lead to new manufacturing facilities and defence jobs in the United States, creating a further reliance on Israel.

Hilborne also argued that deeper integration could reduce Washington’s leverage over Israel. “The deeper integration may also mean that the US loses some degree of leverage over Israel, as it would be less able to withhold certain capabilities from Israel,” he said.

“As a consequence, Israel might be emboldened in its policies.”

The proposal could also have implications beyond the US-Israel relationship, according to Imad Salamey, an international relations professor at the Lebanese American University. “The proposed US-Israeli defence integration can be seen as the next phase of the Abraham Accords: moving from normalisation toward a US-backed regional security regime centred on Israel as the dominant military and technological hub,” he told Al Jazeera.

Such a framework would strengthen efforts to contain Iran, limit Turkiye’s independent regional influence and deepen security cooperation with Arab partners, he said.

“For Lebanon and Gaza, it may translate into greater pressure to accommodate Israeli-led security arrangements as part of a broader emerging Middle Eastern order.”

Whether Section 224 survives the legislative process is uncertain.

But its inclusion in the NDAA shows how some politicians, many backed by the pro-Israel lobby group AIPAC, are attempting to bind the two countries’ militaries closer together, creating long-term industrial links that future administrations may find difficult to reverse.