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AI & Enterprise

OpenAI and Anthropic join calls to curb Chinese AI, raising questions over who benefits

A debate in the United States over Chinese artificial intelligence has intensified after Moonshot AI released its latest model, Kimi. The argument is shifting from the model’s performance to what regulatory course the United States should take. OpenAI and Anthropic are cited as lobbying regulators over open models from China. Some journalists say fear rises sharply when China is involved, while others warn a ban could mainly benefit a few U.S. companies.

Finance

KOSPI rebounds 1 percent, recovers 6,750 despite foreigners\' 2.885 trillion won net selling

South Korea\'s KOSPI rebounded despite heavy foreign selling, supported by buying from retail investors and institutions. The benchmark index rose 0.97 percent to 6,755.75 after giving up early gains and sliding as low as 6,557.39 before recovering in afternoon trade. Retail investors bought 1.98 trillion won net and institutions 862.3 billion won net, while foreigners sold 2.885 trillion won net. The Kosdaq climbed 2.22 percent.

Crypto

Bitcoin pauses as Middle East tensions lift oil; CLARITY bill, FOMC to set direction

Bitcoin rebounded to around $65,700 but struggled to extend gains as international oil prices and U.S. Treasury yields rose. Markets are watching next week’s U.S. congressional debate on the CLARITY bill and the Federal Open Market Committee meeting as key drivers of near-term direction. Expectations over the bill’s ethics provisions initially lifted prices, but momentum faded amid worsening U.S.-Iran tensions and profit-taking. The Fed’s signals on potential further rate hikes are also in focus.