'The rogue agent story is a page out of the media campaign that OpenAI has been running since it announced GPT-2 in 2019.' 'The rogue agent story is a page out of the media campaign that OpenAI has been running since it announced GPT-2 in 2019.' Be skeptical of OpenAI's rogue hacker agent story If OpenAI loudly proclaims how dangerous AI is, investors will hear how powerful it is. And who benefits from that? O n 14 February 2019, OpenAI announced a language model called GPT-2, the precursor to the models that power modern AI chatbots and agents such as ChatGPT and Claude. But OpenAI declared GPT-2 was too risky to release, citing concerns about safety and abuse. I recall being annoyed at the time that OpenAI would make such a useless announcement: the risks seemed overblown, and without access to the model there wasn't much for a researcher like me to learn about GPT-2. GPT-2 generated hype far beyond the research community: people were intrigued by this strange new technology, so powerful it might be dangerous to release.

OpenAI and Anthropic lost billions in predicted value after being shown up by a Chinese startup. OpenAI and Anthropic lost billions in predicted value after being shown up by a Chinese startup. Why are OpenAI and Anthropic cheering on regulation in Australia? The companies hope to follow in the footsteps of SpaceX, which raised $86bn and soared to a $2.1tn valuation after it listed on public markets in June Top US AI developers Anthropic and OpenAI cheered when Australia announced it would set new AI rules. Big tech celebrating limits on their Silicon Valley VC-funded free-for-all might seem counterintuitive but there's a much broader play than just what happens in one relatively small market.

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China's Moonshot plans IPO in six months after AI breakthrough A Kimi logo is pictured at the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai on Saturday. Moonshot AI has told investors it's preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China's burgeoning capabilities and sent global tech stocks reeling. The Chinese AI pioneer has officially distributed the shareholder resolution to its investors, seeking the blessing of its backers on a Hong Kong listing, people familiar with the matter said. The initiation of the notification process indicates an IPO could happen as soon as within the next six months. Moonshot is now in the process of wrapping a fundraising round that may value the three-year-old startup at more than $30 billion, the people said.

Chipmaker Kioxia's market value halves from peak on AI selloff Kioxia overtook auto giant Toyota in market cap value in mid-June, but its ranking has since dropped to the fourth-largest Japanese company, as traders grow more critical over artificial intelligence. Japanese memory chipmaker Kioxia Holdings' market capitalization halved in just a month since becoming the nation's most valuable company, on growing concerns the artificial intelligence-driven rally in the sector has gone too far. Kioxia shares tumbled as much as 16% in Tokyo's morning trading on Friday, down 52% from last month's peak and losing at least ¥30 trillion ($185 billion) in value. In mid-June, Kioxia overtook auto giant Toyota in market cap value after the stock rallied more than 600% from the start of the year, driven by exuberance about demand for memory and data storage amid an AI boom. Its ranking has since dropped to the fourth-largest Japanese company. "The chip sector is vulnerable to the silicon cycle, and we've seen this pattern many times before," said Yugo Tsuboi, chief strategist at Daiwa Securities.

The SpaceX IPO made history. Is the excitement still there? SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy . Although the company had decided to price its shares at $135 each, the price immediately shot up to $150 that first day, climbing to $176, before closing at $160.95.

Messi and Ronaldo Are Building Tech Portfolios. Lionel Messi and Cristiano Ronaldo are betting on AI, health tech, and startups. Mohamed Salah is taking a more traditional route beyond football. Lionel Messi, Cristiano Ronaldo, and Mohamed Salah have spent the past two decades defining one of soccer's greatest eras. Now, as the 2026 FIFA World Cup marks Ronaldo's final appearance at the tournament and another defining moment in the careers of Messi and Salah, they're also preparing for life beyond the pitch.

People visit the Delta Electronics booth during the annual Computex trade show in Taipei, Taiwan, on June 3, 2026. Thailand's stock market is having the best year among Southeast Asian peers, as investors discover an unlikely source of exposure to the global artificial-intelligence boom. Much of that gain has come from Delta Electronics (Thailand). The maker of power systems for AI data centers has surged more than 80% this year and became Thailand's first $100 billion company, large enough to be worth more than the next four largest Thai stocks combined. While the country lacks the semiconductor champions of Taiwan or South Korea, investors are increasingly recognizing its role in supplying the infrastructure behind AI. "Thailand isn't a pure AI market, but its exposure to data centers, electronics, power systems and digital infrastructure gives investors a new way to view Thai equities beyond the traditional tourism, banks and domestic consumption cycle," Bloomberg Intelligence Strategist Sufianti said in a note. Delta's rise is the clearest evidence of that shift.

AI boom sees investors shift from Japan's value to growth stocks Some see Japanese equities as an attractive way to diversify away from U.S. stocks while still benefiting from the global artificial intelligence rally. Japanese equities, long regarded by global investors as a value market, are beginning to attract growth funds, as artificial intelligence-linked firms power to the top of market-cap rankings, beating out the manufacturers and telecoms giants that dominated for decades. "We have been raising our exposure to Japan based on the growth prospects of Japanese companies" under a strategy of investing in innovative firms globally, said Kei Takizawa, senior investment strategist at AllianceBernstein Japan. The nation's firms are playing an increasingly critical role in building AI infrastructure, he added. Investors had historically classified Japan's equities as low-growth value stocks due to the country's sluggish economic growth and declining population.

Traders work on the floor at the New York Stock Exchange on 22 June 2026. Traders work on the floor at the New York Stock Exchange on 22 June 2026. A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady.