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OpenAI backs a US-led global AI body including China amid rising US-China AI competition.

Market News
13 May 2026
Fox Business
View Source
Neutral
pluang ai news

OpenAI's VP of global affairs, Chris Lehane, announced support for a US-led global AI governance body that could include China, aiming to set international safety standards similar to the International Atomic Energy Agency. This initiative seeks to build safer AI systems globally despite ongoing US-China tensions over trade, tariffs, and AI chip sales. The announcement coincides with President Trump's visit to China for talks with President Xi Jinping, where AI and trade issues are key topics. Experts note that while cooperation on AI safety is possible, competition and security concerns will limit collaboration.

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Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...

Market News
Bullish
6 hours ago
Equal-weighted tech ETF XNTK outperforms cap-weighted QQQ with 51.65% vs 28.43% returns over 1 year.

Equal-weighted tech ETF XNTK outperforms cap-weighted QQQ with 51.65% vs 28.43% returns over 1 year.

The SPDR NYSE Technology ETF (XNTK) has significantly outperformed the Invesco QQQ Trust (QQQ) over the past year, returning 51.65% compared to QQQ's 28.43%. XNTK uses an equal-weight approach focusing solely on about 35 tech leaders, capturing broad...

Market News
Neutral
9 hours ago
S&P 500 expected to end 2026 slightly lower amid weak consumer income and inflation pressures.

S&P 500 expected to end 2026 slightly lower amid weak consumer income and inflation pressures.

Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...

Market News
Bearish
13 hours ago
Direxion Daily Technology Bull 3X ETF rated Buy on easing inflation and strong Nasdaq-100 AI growth outlook

Direxion Daily Technology Bull 3X ETF rated Buy on easing inflation and strong Nasdaq-100 AI growth outlook

The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...

Market News
Bullish
17 hours ago
State Street's SPYM ETF chosen for Trump Accounts, offering low-cost S&P 500 exposure for newborns.

State Street's SPYM ETF chosen for Trump Accounts, offering low-cost S&P 500 exposure for newborns.

The State Street SPDR Portfolio S&P 500 ETF (SPYM) has been selected as the default investment for the new Trump Accounts program, which provides eligible newborns with a $1,000 Treasury contribution invested in this fund. SPYM tracks the S&P 500 ind...

Market News
Bullish
17 hours ago
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