Good evening and welcome to Markets Desk.
A coalition of twenty-five technology companies including Nvidia, Microsoft, and Palantir sent a letter to Washington Friday urging policymakers to protect open-weight AI models from overregulation, drawing a direct parallel to fears around open-source software in the nineteen eighties. Jensen Huang made his first ever post on X to amplify the message, framing open AI development as central to American technological leadership.
That letter lands with added weight given a public split inside Anthropic this week. The company's head of economics, Peter McCrory, published a detailed rebuttal of CEO Dario Amodei's warnings of an imminent white-collar jobs collapse, arguing the data shows AI has produced no material rise in US unemployment so far. It is a rare moment of internal dissent from one of the industry's most closely watched firms.
Meanwhile, Canada celebrated the opening of the Gordie Howe International Bridge over the Detroit River Friday, a six-lane crossing years and billions of dollars in the making. American officials were absent from the ceremony, a pointed reflection of the fifty percent tariff tensions still straining one of the world's most integrated trading relationships.
That's the tape. Markets Desk, signing off the floor.
