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Real-time News
On September 13th, market observers stated that Anthropic executives call to slow down technological development could drag down chipmaker and supply chain stocks in the short term, but the long-term impact is likely to be limited as spending on computing infrastructure remains strong. Semiconductor manufacturers and other AI-related stocks are likely to be hit hardest in Mondays initial sell-off as investors assess whether a more cautious approach to developing advanced models will dampen earnings. However, given that demand for chips, energy, and computing power continues to outpace supply, any weakness is likely to be temporary. Investors, including Gary Tan, portfolio manager at Singapore-based Allspring Global Investments, are skeptical about a lasting impact on the industry. "This could create some short-term pressure, but its unlikely to derail the long-term AI deal. AI development is still in its relatively early stages, and Im not sure if the rest of the ecosystem is willing to accept the current hierarchy and slow down while the technology is still evolving so rapidly," he said.The U.S. National Hurricane Center reports that Norbert has strengthened slightly and is expected to dissipate east of Hawaii by mid-next week.The Ukrainian military stated that it attacked the Taneko oil refinery in Tatarstan, Russia.September 13th - Former British Chancellor of the Exchequer George Osborne stated on September 13th local time that the British economy has experienced a "precipitous decline" since Brexit. He believes that rejoining the EU customs union would be the fastest way to boost the British economys recovery.The Ukrainian Foreign Minister stated that Russian drones attacked the Ukraine-Poland border region (not the previously mentioned border crossing).
