No breakthroughs: President Donald Trump described his meeting with Chinese President Xi Jinping as “very productive,” but offered few details about any agreements or breakthroughs on major issues such as trade, export controls, Taiwan or artificial intelligence. Trump highlighted Xi’s apparent support for his proposal to rename artificial intelligence “super intelligence,” while providing no substantive update on the broader U.S.-China competition over AI. Bloomberg has the full story.
Call for diplomacy: Iran has offered to reopen the Strait of Hormuz and resume nuclear talks with the U.S. within seven days if Washington accepts conditions tied to a previous ceasefire agreement. The proposal comes as the conflict continues to disrupt regional security and energy markets, with oil prices easing Friday but vessel traffic through Hormuz, normally carrying about one-fifth of global oil supplies, falling to just nine transits. Meanwhile, Houthi attacks on Saudi Arabia have heightened regional tensions. CNBC has the full story.
$11.6B agreement: Anthropic will pay Akamai Technologies at least $11.6 billion over seven years for cloud infrastructure and software, with the deal potentially expanding to about $20 billion. As part of the agreement, Akamai granted Anthropic a warrant for roughly 7.7 million shares tied to the initial commitment and additional cloud purchases. Akamai expects the deal to add about $1.7 billion to its capital expenditures this year. The Wall Street Journal has the full story.
