Anthropic closed a $30 billion investment round, with a post-money valuation of $380 billion.
Apple experienced its worst day since April, with its shares dropping 5% on Thursday.
The U.S. consumer price index for January is predicted to rise 2.5% from the previous year.
Major U.S. benchmarks fell Thursday, with the S&P 500 falling for the third day in a row.
According to JPMorgan Chase, the S&P 500 could fall by much to 2.5% or rise by 1.7% based on CPI statistics.
These days, artificial intelligence is popular. And that typically indicates that someone else is having a difficult week in markets.
Along with banking and software-as-a-service companies, real estate, transportation, and logistics stocks are the most recent victims of the technology, soaring on worries about artificial intelligence.
Elon Musk, who made the remarks on a podcast last week, predicted that office towers would soon be deserted as AI replaces workers. Matt Shumer, the CEO and co-founder of OtherSide AI, made the same argument in an essay, claiming that AI would eliminate entry-level, white-collar professions. Less leases are signed if fewer employees show up for work.
The pressure was more tangible in freight. Algorhythm Holdings, an AI business, released a solution that it says enables operators to increase freight volumes by 300% to 400% without adding more staff. That possibility alone caused a sharp decline in trucking and logistics stocks.
According to a report released Wednesday by Jade Rahmani, an analyst at Keefe, Bruyette & Woods, we think investors are shifting away from expensive, labor-intensive company models that are thought to be susceptible to disruption from artificial intelligence.
Not all balance sheets are in a state of siege. Japan’s SoftBank reported that its OpenAI investment increased in value by $4.2 billion, contributing to a $2.4 billion increase in its Vision Fund during the December quarter.
The focus of Prime Minister Lawrence Wong’s 2026 budget announcement was AI as well. The city-state plans to establish a “national AI council,” invest in companies that wish to use AI, and provide citizens who take specific courses free access to the latest artificial intelligence (AI) tools for six months.
Separately, on Thursday, CK Hutchinson Holdings declared that if it were to acquire APM Terminals, a subsidiary of the Danish shipping behemoth Maersk, it would pursue “legal recourse” against the company if it took over its operations at the Panamanian ports of Balboa and Cristobal. CK Hutchinson presently operates those ports, but the Supreme Court of Panama recently declared that the company’s license was nullified, a decision that is generally seen as a win for the Trump administration.
