Big Tech’s Giant AI Bets, Gold Surges Above $5,500, Starmer Meets China’s Xi

Your morning briefing. All the news you need to start your day

On today's podcast:

(1) The world’s largest tech firms show no signs of easing up on AI spending, a record wave that’s propelling hardware providers like Samsung Electronics Co. and SK Hynix Inc. That’s even as doubts persist about the staying power of artificial intelligence demand to justify all that capital.

(2) Gold surged to a record above $5,500 an ounce, as a lack of liquidity accelerated a nine-day rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies.

(3) Deutsche Bank AG was raided by German authorities as part of a money laundering probe looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, setting back the lender’s long-running effort to shed a previous reputation as a magnet for scandals.

(4) US, Danish and Greenlandic officials met Wednesday to discuss a new framework deal over Greenland, an attempt to satisfy President Donald Trump’s desire to see a greater American presence on the Arctic island that stops short of ceding it to the US.

(5) President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.

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