Overview

• U.S. AI-linked shares retreated, with Palantir down about 9%, Nvidia nearly 4%, and Arm over 5%, as the Nasdaq fell 1.4% and the S&P 500 slipped 0.7%.
• MIT’s State of AI in Business 2025 study finds 95% of generative‑AI projects deliver no measurable productivity or growth benefit for companies.
• The study points to a central constraint: today’s large language models struggle to retain feedback, adapt to new tasks, and improve over time.
• OpenAI CEO Sam Altman cautioned about an AI bubble, acknowledged missteps in the GPT‑5 launch, and forecast much higher data‑center spending needs.
• Selling pressure spread to Asia, where Japan’s Nikkei 225 dropped 1.8%, South Korea’s Kospi 1.9%, and Hong Kong’s Hang Seng 0.6%.