Six technology companies pledged internal controls and outside audits, but the White House accord states no penalties, deadlines or independent enforcement mechanism.
Data-center spending could exceed $30 trillion by 2050, but estimates say AI companies need vast new revenue and unusually strong productivity growth to justify current investment.
Gates said AI oversight must extend beyond industry self-regulation and include mandatory safeguards shaped by lawmakers and law enforcement, but no bill has yet been enacted.
SoftBank launched $10 billion and €1 billion of senior unsecured notes across five maturities, with pricing and settlement still scheduled rather than completed.
Sixty organizations aim to make AI more useful in underrepresented languages and reach more than 3 billion people over five years, with governance still being defined.
The Nasdaq gained 2.26% to a record close as chip stocks rallied, Brent settled at $100.34 and the U.S. 10-year yield slipped below 5%.
The Nasdaq gained 1.6% as two AI-linked companies surged, but most S&P 500 members fell and Treasury yields edged higher.
The $10.2 billion sale of 710 million shares would fund full-stack AI capabilities and become Hong Kong’s largest primary follow-on offering.
The Australian software company is unifying workplace operations and commercial insurance under a new name, using inspection data, computer vision and AI-assisted development to pursue a much larger market.
The proprietary model adds a new layer to Apple’s planned Chinese AI stack, where Qwen integration and Baidu technology are also expected, but the companies have not explained how responsibilities will be divided.
The Kospi rose 0.82% to a three-week high in an intraday snapshot, extending a five-session rebound to 9.4%, while foreign buying, a firmer won and lower bond yields supported sentiment.
The potential transaction could rank among the largest software buyouts ever, but no agreement, price or financing package has been announced and the discussions may still end without a deal.
