Zhipu AI Secures $5 Billion Funding; Saudi Pipeline Disruption Threatens 4% of Global Oil Supply

Zhipu AI has announced a $5 billion financing round through zero-interest and premium convertible shares to align long-term equity expectations. Meanwhile, Ultrasonic Electronics and Kingboard Laminates have denied reports claiming their products are certified by or included in the NVIDIA supply chain. In global energy news, sources indicate that a disruption in a Saudi pipeline could impact 4% of global oil supply. Regarding Middle East tensions, the Houthis report that navigation in the Bab el-Mandeb Strait remains largely normal, while the Iranian President stated that Iran is not at war with Saudi Arabia. Additionally, Donald Trump reiterated his belief that conflicts will conclude after the midterm elections. In macroeconomic and tech developments, Federal Reserve officials suggested maintaining global minimum interest rates, and Kevin Hassett noted no current justification for rate hikes. Divergent views persist in the AI sector, with industry leaders calling for slower model development, while Donald Trump emphasized that whoever leads in artificial intelligence will control the future.