BUSINESS

Anthropic's IPO prospectus warns that advanced AI models could cause catastrophic harm, while revealing rapid revenue growth, heavy losses and hundreds of billions in infrastructure commitments.

Nvidia's board approved a record US$150 billion increase to its share buyback programme, as the AI boom boosts the chipmaker's cash flow and investor returns.

Amazon Australia has launched its seven-day Prime Big Deal Days sale, using expanded fulfilment infrastructure to capture early holiday spending and strengthen Prime subscriber loyalty.

MongoDB shares fell nearly 20% after CEO CJ Desai left immediately to join Meta. Former chief executive Dev Ittycheria was appointed interim CEO as the company reaffirmed its guidance.

Intel shares fell 5.6% on Monday after a sharp rally, as selling across AI-linked chip stocks, profit-taking, higher oil prices and rising bond yields pressured the sector.

Oil prices climbed after Donald Trump rejected Iran's conditional seven-day proposal to reopen the Strait of Hormuz, fuelling concerns about prolonged supply disruptions and higher fuel costs.

Nvidia shares rose as the chipmaker announced a record $150 billion increase to its buyback authorisation and launched an open platform aimed at improving AI agent safety.

GameStop shares rose as investors weighed insider buying and Ryan Cohen's continued pursuit of eBay, despite the target's rejection and broader market weakness.

Twenty One Capital shares rose despite a weaker broader market, extending their recovery from August lows as investors weigh bitcoin prices, leadership changes and the company's unproven operating strategy.

Kodiak Sciences shares surged 143% after the biotech said Zenkuda and tabirafusp-ted met key Phase 3 goals in wet age-related macular degeneration, though full data and regulatory review remain pending.

US stocks opened lower as higher oil prices and Treasury yields intensified inflation concerns, while OpenAI's pause on advanced model training pressured chipmakers and technology shares.

India's Nifty 50 dropped below 23,000 as Brent crude climbed above $106 a barrel, US yields rose and foreign investors extended their equity selling.

Amazon is reportedly discussing a sponsorship of the 2027 Invictus Games in Birmingham, but the company and organisers have not confirmed a deal or disclosed financial terms.

Samsung Galaxy Z Fold 8 sales reportedly increased 10% in South Korea after Apple unveiled its foldable iPhone, as price and availability gave Samsung an early advantage.

Japan's Nikkei 225 fell 0.73% to 65,877.62 after an early rally above 67,000 faded, as investors took profits in chip and AI shares despite gains in financial stocks.

South Korea's KOSPI fell 2.7% to 6,889.74 after the Chuseok holiday, led by declines in Samsung Electronics and SK hynix as foreign investors sold shares.

Chipotle's first Asian restaurant has attracted long queues in Seoul, but competition, pricing and repeat demand will determine whether its Korean expansion becomes a scalable regional model.

Ingenia Communities shares rose after Warburg Pincus increased its non-binding takeover proposal to A$5.25 per stapled security, although the board has not yet recommended the conditional offer.

Meta's Muse AI agent has quickly climbed the US App Store rankings, attracting attention with autonomous tasks while raising questions about privacy, trust, shopping access and long-term demand.

Meta's Muse AI agent has passed 3.4 million downloads and topped the US App Store, but questions over consumer trust, retailer access and sustained usage remain.

Minerals 260 shares fell 10.64% to A$0.84, below the recent A$0.88 placement price, despite stronger gold-sector sentiment and continued development of its Bullabulling project.

Northern Star Resources rejected Gold Fields' A$38.7bn unsolicited proposal, sending its shares higher as investors assessed whether the South African miner might return with an improved offer.

The ASX 200 gained 0.33% as Northern Star Resources rejected Gold Fields' A$38.7 billion takeover proposal, while gold prices and corporate developments supported market sentiment.

Australian equities opened flat as traders priced a 90% chance of an RBA rate hike to 4.60%, while investors assessed inflation, employment and sector pressures.

Climate advocates and investors are urging Australia to remove electricity generation's Safeguard Mechanism exemption, potentially imposing carbon costs on coal plants and reshaping power-market economics.

Victorian trailer builder Gorski Engineering and JOST Australia are expanding their 25-year supply partnership, including locally supported axle, suspension, telematics and other heavy-vehicle components.

South Korea's four largest entertainment agencies have seen their shares fall over six months despite strong global K-pop activity, highlighting concerns about artist concentration and profitability.

An analysis of Elon Musk's $25 trillion Optimus forecast finds the figure far exceeds current robotics market projections and would require unprecedented growth over decades.

Nvidia, TSMC, Samsung Electronics and SK Hynix have surged on AI demand, but differ significantly in valuation, supply-chain position, growth prospects and exposure to semiconductor cyclicality.