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AI & Enterprise
U.S. FTC opens probe into OpenAI, Anthropic to check risks of AI products
The U.S. Federal Trade Commission has opened an investigation into AI companies including OpenAI and Anthropic over potential product risks, CNBC reported. The probe is aimed at examining dangers AI products could cause. An FTC spokesperson confirmed the investigation to CNBC but did not name other companies. The New York Post first reported the probe. OpenAI and Anthropic have faced controversy over safety practices.
Crypto
Bitcoin faces weekend test as U.S.-Iran ceasefire talks near
Bitcoin is hovering near $73,000, but its short-term direction has turned uncertain again ahead of U.S.-Iran ceasefire talks this weekend. Iran is demanding a Lebanon ceasefire and the release of frozen Iranian assets as preconditions. A blockchain outlet said bitcoin could extend gains or pull back depending on the outcome. Market moves followed Trump’s truce announcement and easing inflation worries, while U.S. messages on the talks diverged.
Finance
U.S. stocks post biggest daily gain in 10 months on optimism over end to Iran war; Nasdaq up 3.8 percent
U.S. stocks surged as expectations revived that the Iran war could end soon, sending the Dow up 2.49 percent and the Nasdaq up 3.83 percent for their biggest daily gains since May last year. Oil prices fell for WTI but Brent rose to a post-2022 high, while U.S. Treasury yields slipped. Gold climbed and the dollar index fell as cryptocurrencies advanced.