UN Secretary-General Guterres told the inaugural government-level AI global dialogue in Geneva on Monday that AI is developing faster than anyone can track and urged unified global rules to reduce potential risks, especially to children. He said the technology can reshape economies, change labour markets, influence elections and alter security balances, and that deployment has outpaced everyone — including developers — adding that innovation needs "guardrails" and AI must be subject to effective

CITIGROUP cut its PT for MINIMAX-W (00100.HK) to HK$533 from HK$1,330 and maintained a Buy rating, citing a recent share pullback likely tied to pricing controversy around the M3 model released in early June and tepid market reaction. The bank flagged negative sentiment and uncertainty around user retention and monetization as near-term pressures, and added the stock to a 30-day short-term down-watch, warning volatility could rise when the first tranche lock-up expires on July 9 despite voluntary 12-month lock-ups by the founder, Alibaba and miHoYo. CITIGROUP noted an upcoming Hailuo 3 release could, if it draws stronger feedback, help alleviate these headwinds.

Tatsuo Yamazaki, a former top foreign-exchange official at Japan’s Ministry of Finance, said in a Monday interview the yen should appreciate by as much as 20% to roughly ¥130 per $1 and that a 10% undervaluation estimate may be conservative. He said the issue is how market expectations shift rather than fundamentals and warned authorities have moved beyond warnings and are prepared to intervene, creating a risk of forced covering for yen short positions.