AI Market Volatility Rises as Zelenskyy Begins Norway Peace Talks

Global markets are experiencing renewed volatility after the initial public offering of South Korean data center firm Elice failed, with the stock plummeting 38% during its debut. This decline has fueled investor skepticism regarding AI business models, mirroring recent market struggles in Europe and Australia. In the tech sector, nScale is negotiating a $45 billion deal to provide computing power to Anthropic after a previous agreement with Microsoft collapsed. Simultaneously, Chinese firms ByteDance, Alibaba, and Tencent are reportedly ordering $35 billion in Nvidia chips, despite U.S. efforts to promote domestic alternatives.

On the geopolitical front, Volodymyr Zelenskyy is traveling to Norway for peace talks. The negotiations occur as the administration of Donald Trump pressures Ukraine to make concessions to end the conflict. In Europe, German Chancellor Merz warned that Russia is attempting to destabilize the entire European political order. In corporate news, Amazon announced plans to invest more than 60 billion euros in Germany by 2027.