AI Fear Trade Drives Rout, Sex Tape Blackmail Claim, How War Changed Europe

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On today's podcast:

(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare trade.” At the center of the selloff: a former karaoke company with a stock-market value of only $6 million.

(2) OpenAI has warned US lawmakers that its Chinese rival DeepSeek is using unfair and increasingly sophisticated methods to extract results from leading US AI models to train the next generation of its breakthrough R1 chatbot, according to a memo reviewed by Bloomberg News.

(3) Goldman Sachs' top lawyer Kathy Ruemmler is leaving the firm following a cache of Department of Justice documents showing her links with sex offender Jeffrey Epstein.

(4) Hungarian opposition leader Peter Magyar said he was secretly taped having sex with his former partner in 2024, preempting a potential release of a video that he called a “Russia-style” attempt to blackmail him before pivotal elections in April.

(5) UK Defense Secretary John Healey said allies have pledged as much as $35 billion in new military aid to Ukraine to strengthen its air defenses after a series of massive Russian air strikes on energy infrastructure and civilian targets.

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