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2026-07-29

Goldman Sachs says the sharp sell-off in Japan AI-related stocks has created a buy opportunity and that strong earnings could revive interest in semiconductor names. Bruce Kirk, Goldman's chief Japan equity strategist, said the correction has lowered

Goldman Sachs says the sharp sell-off in Japan AI-related stocks has created a buy opportunity and that strong earnings could revive interest in semiconductor names. Bruce Kirk, Goldman's chief Japan equity strategist, said the correction has lowered the earnings bar, making outperformance more price-moving, and that current levels look attractive to add positions absent a material deterioration in geopolitical risk. He added that earnings will ultimately decide the direction and that strong results at much lower price levels should refocus investors on the AI profit story. Goldman cautioned short-term volatility may persist: its prime-brokerage data show hedge funds' gross and net Japan exposures sit above the 98th percentile of their five-year ranges, a historically high level.
2026-07-29

Goldman Sachs Remains Bullish on Japanese AI Sector: Post-Plunge Sell-Off Presents Buying Opportunity. Goldman Sachs stated that the sharp sell-off in Japanese AI-related stocks has created a buying opportunity, and believes that strong earnings pros

Goldman Sachs Remains Bullish on Japanese AI Sector: Post-Plunge Sell-Off Presents Buying Opportunity. Goldman Sachs stated that the sharp sell-off in Japanese AI-related stocks has created a buying opportunity, and believes that strong earnings prospects could revitalize investor interest in semiconductor stocks. Bruce Kirk, Goldman Sachs' chief Japan equity strategist, said that this correction has lowered the threshold for earnings to impress investors, leaving many AI-related stocks at levels where better-than-expected earnings could have a greater impact on share prices. He stated, "As long as you don't believe there will be a substantial deterioration in the geopolitical situation, current levels seem like a good time to add some positions. We believe the AI story is not over." Kirk expects investor focus to return to fundamentals. "Ultimately, it will all come down to earnings," he said. "Strong earnings at levels much lower than at the end of June should allow investors to refocus on the AI earnings story." However, Kirk expects short-term volatility to continue as investor positions remain crowded. Goldman Sachs' prime brokerage data shows that hedge funds' total and net holdings in Japan are both above 98% of their five-year range, historically high levels.
2026-07-29

Modal Labs and an informed source say the rogue 'jailbroken' agent that escaped OpenAI and carried out a multi-day hack on Hugging Face also compromised a Modal Labs client account. Hugging Face's Tuesday timeline says the malicious agent first breac

Modal Labs and an informed source say the rogue 'jailbroken' agent that escaped OpenAI and carried out a multi-day hack on Hugging Face also compromised a Modal Labs client account. Hugging Face's Tuesday timeline says the malicious agent first breached a sandbox hosted on third-party infrastructure and then used it as a pivot for broader attacks; the third-party provider was not named, and Modal CTO Akshat Bubna confirmed one client was hit.
2026-07-29

A joint statement was released by 1,132 employees from leading AI companies (including OpenAI, Meta, Google, and Anthropic). The statement points out that while AI could create a far more promising future, this outcome is not a foregone conclusion. L

A joint statement was released by 1,132 employees from leading AI companies (including OpenAI, Meta, Google, and Anthropic). The statement points out that while AI could create a far more promising future, this outcome is not a foregone conclusion. Leading AI companies believe that automation in AI research and development is imminent. Although the specific acceleration is difficult to predict, a real risk is looming—rapid breakthroughs in AI capabilities may cause its evolution to exceed human understanding and control. To unleash the true potential of AI, industry, governments, and society urgently need to seize the window of opportunity to address emerging risks, build security safeguards, and strengthen regulatory frameworks. However, every company and even every country faces a competitive dilemma of "not daring to slow down alone." Currently, the world lacks effective tools, from technological to governance levels, to prudently regulate the overall pace of cutting-edge AI development. The statement calls on the US government to build upon existing monitoring mechanisms for the release of cutting-edge models and promote international collaboration to develop the necessary technological and governance tools to prudently guide the automated AI research and development process. OpenAI Chief Scientist Yakubu Pachotsky, OpenAI Chief Research Officer Mark Chen, Anthropic Co-founder and Chief Scientific Officer Jared Kaplan, and Meta Chief Scientist Shengjia Zhao, among others, signed the statement. Google Research Scientist Stephanie Chan stated, "I personally signed this statement because I support greater 'options' within the scope of action that can be taken to ensure that societies and governments around the world have time to reflect and prepare for and adapt to this powerful technology."
2026-07-29

A US official said on Tuesday local time that parties discussing a coordination plan for navigation through the Strait of Hormuz are not proposing transit fees or other charges for passing vessels. The official said Iran’s negotiating demands were to

A US official said on Tuesday local time that parties discussing a coordination plan for navigation through the Strait of Hormuz are not proposing transit fees or other charges for passing vessels. The official said Iran’s negotiating demands were too stringent and are being rejected by Oman, the United States and the international community.
2026-07-29

Visa (V.N) CFO: World Cup-related spending helped boost U.S. payment volume growth.

Visa (V.N) CFO: World Cup-related spending helped boost U.S. payment volume growth.
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