"Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%"
ENKevin Warsh, the leading candidate for Fed Chair, said in a speech that anyone expecting him to tolerate inflation above 2% "will be disappointed." Long-term Treasury yields jumped and the dollar reached a 40-year high against the yen. Markets are re-pricing the odds of near-term rate cuts, ahead of Thursday's June non-farm payrolls report.
ENThe dollar reached a 40-year high against the yen, driven by rising US long-term yields after Warsh's hawkish remarks. Bloomberg reported a sharp, one-off yen strengthening on Thursday that Natixis's chief APAC economist suggested "looks like Japanese intervention." Traders are now watching Friday's US payrolls and the MoF's next move.
"Oil Extends Slide as More Barrels Flow Through Strait of Hormuz"
ENOil prices extended their slide to pre-war levels as tanker flows through the Strait of Hormuz normalized after the recent Iran-related tension. Traders are also weighing signs of global oversupply. Analysts at Nasser Saidi & Associates note supply is climbing but uncertainty remains.
ENOpenAI is in early talks to grant the US federal government a roughly 5% equity stake, according to the FT and Reuters. The move is described as an attempt to ease Washington's regulatory pressure and align the lab's interests with the current administration. If completed, this would be one of the most direct government stakes in a leading US private tech company in decades.
見解AIラボが“国家安全保障のインフラ”として扱われる時代に踏み込んだ、象徴的なディール。Anthropic Fable 5の輸出規制解除も同じ枠組みで見るべきで、「AIは民間 vs 民間の競争」から「米国連邦政府 vs 中国」の代理戦争に変質している。事業側は、この“公共財化”がAPIの価格・アクセスに反映される前提で調達戦略を立てたい。
"Trump administration lifts restrictions on Anthropic's Claude models after cybersecurity alarm"
ENThe Commerce Department lifted the export restrictions it had briefly imposed on Anthropic's top Claude models ("Fable 5" and "Mythos 5") after negotiations with the White House. The models are back on Amazon Bedrock and other clouds. The initial restrictions stemmed from a cybersecurity alarm; Anthropic reportedly agreed to unspecified compliance and safety commitments.
"Chinese A.I. Models Close the Gap With Anthropic and OpenAI"
ENThe New York Times reports that leading Chinese labs' open-weight models are now competitive with — and in some benchmarks matching — Claude and GPT-class US frontier models. Chinese labs are shipping faster and at much lower cost, and are being adopted by non-US enterprises seeking cheaper alternatives. Export controls on chips have slowed but not stopped the closing gap.
"Gemini Spark, Google's agentic assistant, is now available on Mac"
ENGoogle's agentic assistant Gemini Spark launched for macOS, with the ability to read and act on local files and control desktop apps. It joins a rapidly growing category of on-device AI agents competing with Anthropic's Computer Use and Apple's own upcoming rollout. Early reports call it capable but rough at the edges.
"Meta Goes the Way of xAI, Considers Renting Computing Power as Own Model Flails"
ENMeta is reportedly considering renting external GPU capacity, following xAI's playbook, as its next-generation foundation model reportedly underperforms internal targets. That admission — from one of the largest capex spenders in AI — sent shockwaves through the chip complex: Kospi fell below 8,000, Micron dropped 11%, and Nikkei dropped 1,700 yen.
ENThe Q2 chip rally reversed sharply as Q3 opened. Micron shed ~11% in a single session, SanDisk fell alongside it, and the SMH ETF lagged the S&P 500 by a wide margin. Traders attribute the reversal to the Meta rental-compute story and to profit-taking after a $2 trillion Q2 rally in the chip complex.
"Meta's AI pivot triggers global chip sell-off, sending Kospi below 8,000"
ENSouth Korea's Kospi fell through the psychological 8,000 level, led by SK Hynix and Samsung Electronics, both major HBM suppliers to Nvidia. The trigger was the Meta rental-compute report combined with concerns about H2 HBM inventory build. Korean semiconductor giants suffered their steepest single-day drop since the 2024 election-year sell-off.
"TSMC (NYSE:TSM) And Amkor Sign 10 Year Arizona Chip Packaging Deal"
ENTSMC and Amkor signed a 10-year contract for advanced chip packaging (CoWoS-class) at Amkor's Arizona facility. The deal locks in US-based back-end capacity to complement TSMC's Phoenix fabs. It is the most concrete step yet to bring the AI accelerator supply chain — front-end and back-end — into US territory.
"Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace"
ENRussia launched what officials called one of the largest missile and drone strikes on Kyiv since the war began, killing at least 13 and injuring dozens. Poland scrambled fighter jets and Finland restricted airspace along its Russian border as a precaution. President Zelensky warned of further "massive Russian strikes" and appealed for additional air defense from allies.
"Europe Learns It's Hard to Start a Trade War With China During a Heat Wave"
ENThe WSJ argues that Europe's escalating trade actions against China — particularly on EVs and rare earths — are running into hard limits as a record heat wave exposes European reliance on Chinese-made air conditioners, solar panels, and grid components. Brussels' plan to hit Chinese exports is being softened in the face of consumer and industrial dependence.