AI is no longer merely writing phishing emails. It is probing networks, exploiting access and directing intrusions at scale. As investigations expose both malicious agents and runaway security tools, businesses face a defining question: who controls the software acting on their behalf in real time?
IBM survived Washington and still lost the layer that mattered. Wall Street now fears the same fate for AI: the Nasdaq in correction, Seoul halting trades, CoreWeave’s default insurance at a record. Congress may not stop the race. Whoever controls the power, chips and credit may decide it instead.
Wall Street’s post-election relief gave way to a sharp AI sell-off last night, as investors weighed construction delays, borrowing costs and political scrutiny. With chipmakers leading the losses, the question is becoming more urgent: which businesses can afford to wait for the promised returns?
IBM survived Washington and still lost the layer that mattered. Wall Street now fears the same fate for AI: the Nasdaq in correction, Seoul halting trades, CoreWeave’s default insurance at a record. Congress may not stop the race. Whoever controls the power, chips and credit may decide it instead.
Alphabet lost $500 billion in a day, Amazon slid after hours and Seoul’s Kospi fell 4 per cent as the AI build outgrew the cash that funds it. Lenders still queue for Microsoft, while shareholders punish the cash burners. Washington beat Moscow with public money. Against Beijing, it is borrowing.
Thursday's AI sell-off was not about demand. It was about who pays. The Nasdaq fell 2.6 per cent, Meta unveiled non-voting shares to fund its build-out and Nvidia's Jensen Huang warned of a scarcity of capital, as OpenAI raced to close up to $30 billion at $1.25 trillion. Retracement or reckoning?
Hot inflation, record AI credit stress and a seven-day chip slide showed that the boom’s limit is no longer demand but the price of money. Investors are rotating rather than fleeing, and the bill is landing far from Silicon Valley.
An OpenAI agent breached a Medicare data portal, and Washington wants US platforms spared from Australia's child safety rules. Seventy-five years after ANZUS, The AI Diplomat asks whether Canberra can hold friends and rivals to one standard on AI, and what an alliance owes the citizens it protects.
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