Risks Dire

• Donald Trump downplayed warnings about artificial intelligence risks, claiming that negative forces are voicing concerns about events that will not occur. • Trump told ABC's This Week that the U.S. should slow the pace of development to protect citizens and ensure the technology proceeds safely. • Tech investor David Sacks, a member of Trump's Council of Advisors on Science and Technology, urged AI companies to police themselves rather than facing government mandates.

• President Trump downplayed warnings about artificial intelligence risks, claiming that negative forces are voicing concerns about events that will not occur. • Trump told ABC's This Week that the U.S. should slow the pace of development to protect the American people and ensure the technology proceeds safely. • Tech investor David Sacks, a member of Trump's Council of Advisors on Science and Technology, urged AI companies to police themselves rather than relying on government mandates.

• Asian markets showed mixed results as investors balanced a pause in U.S.-Iran hostilities against the risks of firm oil prices and a strong U.S. dollar. • Regional indices saw varied movement, with Hong Kong's Hang Seng rising 2.1% to 23,153.89 and the Shanghai Composite edging up 0.2% to 4,034.08. • Gains in Japan and South Korea, previously driven by AI-related chip demand, faced pressure due to growing concerns over artificial intelligence valuations.

Trump administration in a bind as it faces mounting economic costs ahead of midterms from Iran warThe terms of a purported 60-day deal to negotiate peace in the Iran war have trapped the Trump administration between mounting economic costs ahead of midterm elections and anger from Republican hawks who accuse the US government of surrendering to Iran.The public rift between Trump and Senate Republicans over his shift toward diplomacy with Iran has also been matched within his administration, where the dovish JD Vance and traditional neoconservative Marco Rubio have been forced to pirouette between Trump’s policies as he shifts to exit the war as soon as possible. Continue reading...