Anthropic boosts Asia; is the AI boom hiding the next crisis?

Asian stock markets rose, led by technology shares, after Anthropic filed for an initial public offering, renewing optimism around AI stocks. South Korea's Kospi surged 3.5%, and Japan's Nikkei rose 2%. On Wall Street, indices broke a two-day losing streak. Meanwhile, a New York Times opinion piece warns of an AI bubble similar to the 2008 financial crisis, citing complex accounting practices that may hide debts and losses.

Asian stock markets posted gains led by technology shares after Anthropic filed for an initial public offering, renewing optimism around AI stocks. South Korea's Kospi surged 3.5%, and Japan's Nikkei rose 2%. On Wall Street, indices broke a two-day losing streak, with the S&P 500 rising 0.8% and the Nasdaq climbing 0.9%. Brent crude oil fell 0.8% to around $114.90 per barrel amid renewed diplomatic efforts with Iran. Meanwhile, a New York Times opinion piece warns of a financial bubble in the artificial intelligence industry, similar to the 2008 housing crisis. The author, Jen Harris, a former senior official in the Biden administration, warns of complex accounting practices that may hide debts and losses.