Welcome to Markets Desk, here's what's moving the conversation this hour.
Jamie Dimon is raising alarms over Anthropic's Mythos model, comparing broad public access to the AI system to handing ballistic missiles to individuals. The JPMorgan chief's concern centers on Mythos's documented ability to identify software vulnerabilities — a capability he argues is too dangerous to put in unrestricted hands. It's a rare moment of a major bank CEO wading directly into AI safety territory.
Shifting to equities, Apple closed Wednesday at a record high, pushing its market capitalization to roughly four point eight one trillion dollars. Some analysts are now projecting the company becomes only the second in history to cross five trillion. The math leans on continued services growth, hardware loyalty, and a valuation multiple that the market has repeatedly proven willing to defend.
And on the AI infrastructure question that's been hanging over tech valuations — new data is pushing back against the bubble narrative. While parallels to prior speculative cycles do exist, the underlying capital commitments from hyperscalers remain grounded in genuine revenue generation, which distinguishes this buildout from the infrastructure overreach we saw in the late nineties.
That's the tape. Markets Desk, signing off the floor.
