A rift has emerged between prominent AI CEOs, including Anthropic's Dario Amodei and Cohere's Aidan Gomez, and President Trump, who dismissed calls for slowing AI development as a 'hoax.' Trump's comments came during a social media barrage where he criticized fears surrounding AI's impact, suggesting that only China would benefit from such concerns.
In contrast, Gomez warned that AI models are becoming the 'most potent cyber weapon' due to their ability to exploit vulnerabilities at scale. This discord has negatively affected AI-related stocks, with companies like Micron, Intel, and Nvidia experiencing significant declines. Additionally, oil prices have risen due to the closure of Saudi Arabia's East-West pipeline, while U.S.
Treasury yields have reached multi-year highs amid expectations of a Federal Reserve rate hike. In a separate development, Mondelez International has opened a new facility in Malaysia to enhance its supply chain for Cadbury chocolate, aiming to reduce lead times and costs