UMich Sentiment Surges To Pre-War Highs; AI Fears Becoming "Salient"

Swiss Government Discusses Revoking Protections, Benefits For Military-Aged Ukrainians During the opening years of the Russia-Ukraine war European states were quite welcoming to Ukrainian refugees and anyone fleeing the carnage and chaos, but now in the conflict's fifth year the general sentiment among EU populations and governments is changing. Switzerland, once hailed as Europe's most neutral state - and among the most 'welcoming' countries for asylum seekers - is mulling a policy change which would exclude Ukrainian men of military age from protections granted to refugees. The Swiss Federal Council announced in a...

Alibaba Unveils China's Most Powerful AI Chip In $53 Billion Gambit Alibaba Group has unveiled the Zhenwu V900, an AI accelerator it calls China's most powerful, marking a major escalation in its effort to challenge Nvidia and build a vertically integrated artificial-intelligence stack stretching from chips and networking to models and hyperscale data centers. Alibaba booth at the 3rd China International Supply Chain Expo at the China International Exhibition Center in Beijing, Friday, July 18, 2025 (Mahesh Kumar / AP)Unveiled by CEO Eddie Wu at Alibaba's Apsara Conference, the new processor...

Traders Have Modest Hopes For A Trump-Xi AI Deal While we will provide a more detailed preview of the Trump/Xi summit in a subsequent post, there are signs that President Trump and his Chinese counterpart, Xi Jinping, may emerge from their upcoming summit with an agreement about the artificial-intelligence industry, an increasingly prominent flash point between the world’s two biggest economies. But, as Bloomberg's Jacob Gu  notes, fund managers say it’s unlikely to be significant enough to provide a sustainable boost to AI-related stocks. Over the weekend, Treasury Secretary Scott Bessent, after hours of...