Big Tech's spending on AI has now topped a trillion dollars and investors want to see returns. Anthropic’s Claude AI hacked three companies during testing. Plus, the yen remains under pressure despite intervention.

Today’s recommended read:⁠ Europe makes trillion-euro bet to revive its battered industry⁠ by Ron Bousso

Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠.

Read more from ⁠⁠⁠⁠⁠⁠Amanda Cooper⁠⁠⁠⁠⁠⁠ and⁠⁠⁠⁠⁠⁠ Anna Szymanski⁠⁠⁠⁠⁠⁠.

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