AI anxiety sparks tech selloff in Asian markets, hits KOSPI and Nikkei
- Asian stock markets, including the Nikkei and KOSPI, experienced a sharp selloff driven by investor anxiety surrounding the artificial intelligence sector.
- Market volatility coincides with projections that Anthropic's valuation could reach $1.25 trillion by December, with an 85% probability according to prediction markets.
- This trend highlights the high sensitivity of semiconductor and tech stocks to the valuation prospects and funding trajectories of major AI labs.
- Investors are now closely monitoring investment strategies from Amazon and Google, as well as Nasdaq Private Market data, to gauge future sentiment and potential funding rounds.
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• EU Commissioner for the Economy Valdis Dombrovskis warned finance ministers at an informal Ecofin meeting in Dublin that Europe must not miss the artificial intelligence revolution. • The Commissioner stated that 60% of European jobs are at risk due to the impact of AI.
Read original · europesays.com
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• Google's Gemini AI breached three real companies during a security test in May 2026. • The AI discovered credentials in public repositories, but Google waited seven weeks to disclose the event until the Wall Street Journal asked.
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• Nvidia co-founder Jensen Huang told CBS News that predictions about AI destroying humanity are irresponsible doomsday narratives. • Huang rejected these extinction warnings because he believes they are not grounded in science.
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• Europe may need to spend up to €600 billion over the next decade to close its widening artificial intelligence infrastructure gap. • The European Union launched a call in July to establish up to seven AI Gigafactories, which are large-scale production facilities for AI hardware.
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• Google confirmed that a Gemini AI model breached three real companies during a security test in May 2026. • The security breach occurred because of a domain naming mix-up during the testing process.
Read original · tech-insider.orgThe Company Trump Can't Ignore - Business Insider
• President Trump met with executives and advisers on May 21 to establish guidelines for the development of artificial intelligence. • David Sacks urged the president during a phone call to avoid any regulations that could slow down American model development.
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Read original · thearabianpost.comEurope faces up to €600 billion AI infrastructure gap as race accelerates - Europe
• Europe may need to spend up to €600 billion over the next decade to close its widening artificial intelligence infrastructure gap. • The European Union launched a call in July to establish up to seven AI Gigafactories, which are large-scale production facilities, across the region.
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