The Morning After: Don't let an AI run a vending machine
You can probably guess what happened next: The bot missed easy opportunities to make a fast buck, handed silly discounts to employees and lost a ton of money . Worse, it ran itself down some odd rabbit holes, like buying tungsten cubes and then giving them away for free. It hallucinated payment details, tried to fire the humans who helped restock its shelves and attempted to contact building security, insisting that it had a flesh-and-blood body. Naturally, Anthropic says that this experiment was a great success, and it knows what to do next time to prevent the AI from turning us all into paperclips.
— Dan Cooper
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Two lawmakers have asked the Department of Commerce to investigate smartphone maker OnePlus, alleging it sends user data to Chinese servers . Members of Congress John Moolenaar (R-MI) and Raja Krishnamoorthi (D-IL) claim to have seen evidence of something going on. But whatever they have seen, they haven't published it, or provided any evidence to support their claims.
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Peter Thiel was given a lot of room to air his views on everything from climate change to China in the New York Times . One of his comments, in particular, was that the world hasn't made any progress in the treatment of Alzheimer's disease in the last half century . Our Avery Ellis didn't think that was true, and so went and asked some actual experts, who called Thiel's claims 'demonstrably false.' Who'd have thought, eh?
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Apple has achieved its goal of box office success after F1: The Movie romped to a $144 million opening weekend . It's likely, as word-of-mouth spreads, that the film's tally will go up, especially as only $55.6 million of that figure came from the US. If you, like me, haven't yet had the chance to see it, check out Devindra Hardawar's review , who insists the only way to see this spectacle is in IMAX.
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Kobo has built an author-friendly self-publishing platform that stands in direct contrast to how Amazon's Kindle Direct does business. But the same writers who have made Kobo what it is are now concerned about their work after Kobo changed its policies to open the door to AI . The company has explicitly said it won't use published works to train a model, but will use AI to evaluate the 'suitability' of works for sale, generate advertising materials and create recaps. In our deep dive, we speak to e-book authors who are worried about what's coming, and look into what's really going on.
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Canada has axed its Digital Services Tax (DST) just days before it would have started earning a big chunk of change . The levy was created to wring some cash out of big tech firms that make a profit on Canadian users, but don't pay anything back to the country in question. Sadly, the US halted talks on a trade deal, saying the DST was a 'blatant attack' on its neighbor. The DST was expected to rake in $2 billion on June 30, and it remains to be seen how profitable a pivot to appeasement will be instead.
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Shifting to Asia, Rubio meets Quad and talks minerals
US Secretary of State Marco Rubio met Tuesday with counterparts from Australia, India and Japan, shifting focus to Asia after a tenure so far marked by crises elsewhere and domestic priorities. Rubio had welcomed the foreign ministers of the so-called Quad on January 21 in his first meeting after President Donald Trump's inauguration, seen as a sign that the new administration would prioritize engagement with like-minded countries to counter China. Since then, much of Rubio's attention has been on the Middle East, with the United States bombing Iranian nuclear sites in support of Israel; on Ukraine, as Trump unsuccessfully seeks a ceasefire in Russia's invasion, and on boosting Trump's domestic priorities such as mass deportations of migrants. Welcoming the three foreign ministers, Rubio did not directly mention military concerns over China but said he sought cooperation among business and on raw materials -- also key goals for the Trump administration. Rubio told them he was focused on "diversifying the global supply chain of critical minerals -- not just access to the raw material, but also access to the ability to process and refine it to usable materials." "It's critical for all technologies and for all industries across the board," Rubio said, voicing hope for "real progress" on the issue within the Quad. China holds major reserves of several key minerals including the vast majority of the world's graphite, which is crucial for electric vehicles. Beijing has sought to impose restrictions as leverage, as the United States in turn curbs its access to semiconductors and as Trump wields the threat of punishing tariffs on both friends and foes. - 'Free and open' - Trump is expected to travel to India later this year for a summit of the Quad. The four-way partnership was first conceived by late Japanese prime minister Shinzo Abe, who saw an alliance of democracies around China -- which has repeatedly alleged that the Quad is a way to contain it. Trump has long branded China as the top US adversary, but since returning to office has also saluted his relationship with Chinese President Xi Jinping. Both the Indian and Japanese foreign ministers said that they wanted the Quad to focus on a "free and open Indo-Pacific" -- a phrasing that is a veiled allusion to opposing Chinese dominance in Asia. "We're all committed to ensure a free and open Indo-Pacific," Indian Foreign Minister Subrahmanyam Jaishankar said. "It is essential that nations of the Indo-Pacific have the freedom of choice, so essential to make right decisions on development and security," he said. Jaishankar also made clear that India would raise its strikes last month against Pakistan in response to a major attack on mostly Hindu civilians in Indian-administered Kashmir. "India has every right to defend its people against terrorism, and we will exercise that right. We expect our Quad partners to understand and appreciate that," he said. Despite shared concerns on China, the Quad members have differed on other hotspots. India has maintained a historic relationship with Russia despite the invasion of Ukraine. Both India and Japan also have historically warm relationships with Iran, whose nuclear sites the United States bombed in June in support of an Israeli campaign. sct/st
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3 Asian Growth Companies With Insider Ownership Up To 37%
As global markets experience shifts driven by trade developments and inflationary pressures, Asia's stock markets have been responding with notable movements, particularly in China and Japan where recent gains reflect a cautiously optimistic outlook. In this context, companies with strong insider ownership can be appealing to investors seeking growth potential, as they often signal confidence from those closest to the business's operations and strategic direction. Name Insider Ownership Earnings Growth Zhejiang Leapmotor Technology (SEHK:9863) 15.6% 60.5% Vuno (KOSDAQ:A338220) 15.6% 109.8% Techwing (KOSDAQ:A089030) 18.8% 68% Suzhou Sunmun Technology (SZSE:300522) 35.4% 77.7% Sineng ElectricLtd (SZSE:300827) 36% 26.9% Samyang Foods (KOSE:A003230) 11.7% 24.8% Oscotec (KOSDAQ:A039200) 21.1% 94.4% M31 Technology (TPEX:6643) 30.8% 63.4% Laopu Gold (SEHK:6181) 35.5% 41.1% Fulin Precision (SZSE:300432) 13.6% 43.7% Click here to see the full list of 604 stocks from our Fast Growing Asian Companies With High Insider Ownership screener. Let's dive into some prime choices out of the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Gan & Lee Pharmaceuticals is a biopharmaceutical company focused on the research, development, production, and sale of insulin analog APIs and injections in China with a market cap of CN¥33.89 billion. Operations: The company's revenue primarily comes from the development, production, and sales of insulin and related products, totaling CN¥3.47 billion. Insider Ownership: 31.7% Gan & Lee Pharmaceuticals has demonstrated significant growth, with earnings increasing by 114.7% over the past year and a forecasted annual profit growth of 26.9%, outpacing the Chinese market's average. Despite this, its dividend yield of 2.65% is not well covered by earnings or free cash flow, and its Return on Equity is expected to be low at 11.8%. Recent financial results show substantial revenue growth from CNY 560.33 million to CNY 984.87 million year-over-year in Q1 2025, highlighting strong performance despite slower projected revenue growth compared to its profit trajectory. Click here and access our complete growth analysis report to understand the dynamics of Gan & Lee Pharmaceuticals. According our valuation report, there's an indication that Gan & Lee Pharmaceuticals' share price might be on the expensive side. Simply Wall St Growth Rating: ★★★★★☆ Overview: Primarius Technologies Co., Ltd. is engaged in the research, design, and development of electronic design automation (EDA) tools both in China and internationally, with a market cap of CN¥12.68 billion. Operations: The company's revenue primarily comes from EDA Solutions, amounting to CN¥428.69 million. Insider Ownership: 16.2% Primarius Technologies is poised for significant growth, with revenue projected to expand 24.3% annually, surpassing the Chinese market average of 12.4%. Earnings are expected to grow 99.15% per year, and profitability is anticipated within three years. Recent financials reveal a turnaround with CNY 91.42 million in Q1 sales and a net income of CNY 1.5 million compared to a loss last year. However, Return on Equity remains low at a forecasted 1.5%. Navigate through the intricacies of Primarius Technologies with our comprehensive analyst estimates report here. Upon reviewing our latest valuation report, Primarius Technologies' share price might be too optimistic. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd. operates in the photosensitive materials industry and has a market cap of CN¥5.53 billion. Operations: The company's revenue is primarily derived from the fine chemicals industry, amounting to CN¥508.22 million. Insider Ownership: 37.5% Jiangsu Kuangshun Photosensitivity New-Material Stock is set for revenue growth of 19.9% annually, outpacing the Chinese market average. Despite a forecasted low Return on Equity of 9.2%, earnings are expected to grow significantly by 70.26% per year, with profitability anticipated within three years. Recent financials show a decline in Q1 sales to CNY 106.73 million and net income to CNY 9.76 million compared to last year, highlighting volatility challenges despite growth prospects. Unlock comprehensive insights into our analysis of Jiangsu Kuangshun Photosensitivity New-Material Stock stock in this growth report. Our comprehensive valuation report raises the possibility that Jiangsu Kuangshun Photosensitivity New-Material Stock is priced higher than what may be justified by its financials. Take a closer look at our Fast Growing Asian Companies With High Insider Ownership list of 604 companies by clicking here. Seeking Other Investments? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include SHSE:603087 SHSE:688206 and SZSE:300537. Have feedback on this article? Concerned about the content? with us directly. 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CNBC
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Jim Cramer explains how Microsoft, Meta and Nvidia led the Mag 7 pack in the first half of 2025
CNBC's Jim Cramer on Tuesday pointed out that three megacap tech names managed to exit the first half of the year at all-time highs: Microsoft, Nvidia and Meta. He reviewed each company and explained why he thinks they have outperformed their "Magnificent Seven" peers. "Not FANG. Not Magnificent Seven. Just M-N-Ms," Cramer said. "The sole survivors of a brutal quarter from what used to be the most captivating group in the market." These stocks hit some "pretty hideous darn levels" earlier in the quarter, Cramer said, so it's worthwhile to examine how and why they managed to triumph. Microsoft disappointed Wall Street in January when its Azure cloud business put up lighter growth than expected. But when Microsoft reported again at the end of April, the cloud segment beat expectations, putting up 33% growth. According to Cramer, this development was enough to send the stock to the new high list. Artificial intelligence powerhouse Nvidia had a rocky start to the year. Wall Street soured on the stock as they feared Chinese startup DeepSeek could pose a threat to the company's dominance in the AI sector. Nvidia then had an "anemic bounce" coinciding with its annual GTC conference in March where it unveiled new technology, Cramer said. The stock then declined in April when the U.S. government hampered sales of its products in China, he continued. However, Cramer said, Nvidia rallied hard over the next few months because of "semiconductor superiority and persistent demand from the hyperscalers." These same factors were what sent Nvidia's stock roaring last year, he added, suggesting that perhaps "there was nothing wrong with Nvidia the whole time." Nvidia's AI chips, he continued, "remain unrivaled." Meta's run is tougher to explain, Cramer said. He suggested that Meta's stock got caught up in the broader decline of a number of growth stocks towards the beginning of the year. But in April, Meta's quarterly earnings results blew past the estimates, Cramer said. He said it seems the company's advertising abilities are especially strong. "Microsoft, Nvidia, Meta," Cramer said. "M-N-Ms. Melt in your mouth, not your hands." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club's Charitable Trust holds shares of Microsoft, Nvidia and Meta.
