business π€ AI safety debate heats up amid geopolitical tension
US AI giants like OpenAI, Anthropic, and Google are meeting to discuss AI safety after a researcher sparked fears of AI potentially harming humans. While these tech leaders are pushing for oversight, President Donald Trump strongly disagreed, asserting a smart president is enough guardrail. Simultaneously, the Middle East conflict is causing financial strain, with the CBO estimating $2-3 billion extra per month of fighting. Meanwhile, the 10-year Treasury yield hit a 19-year high due to oil price surges and Fed hike expectations. Markets are waiting on the Federal Reserve's interest rate decision this Wednesday. π