Global · 2026-07-08
China Weighs Restricting Overseas Access to Its Top AI Models
Reuters reported that Beijing is considering restricting overseas access to China's most advanced AI models, a move read as treating frontier AI as a strategic national asset. DeepSeek was also reported to be developing its own AI chips.
China's apparent pivot away from its earlier fully-open, free-access strategy toward monetization was read two ways: as a sign of pressure to fund massive upcoming investment, and as a display of confidence in its top-tier models. The hosts noted China will likely be forced into large-scale AI infrastructure investment of its own before long — effectively creating one more source of chip demand.
[Global] Strait of Hormuz Tensions Send Oil Prices Up More Than 5%
Iran reportedly attacked a vessel transiting the Strait of Hormuz, and a British naval vessel was also struck, bringing the total to three ships attacked. The US Joint Maritime Information Center raised the Hormuz threat level to severe, and Washington revoked Iran's authorization to sell crude oil.
West Texas Intermediate crude jumped roughly 5% to around $72 a barrel on the news. An Iranian foreign ministry spokesperson urged regional states and shipping firms to avoid actions that would violate memorandum terms agreed with the US, suggesting an effort to contain further escalation.
At the NATO summit, defense contracts worth billions of dollars were announced, supporting the recent rally in US defense stocks. However, remarks from President Trump suggesting Greenland should fall under US control revived some geopolitical unease.
Washington also announced a partial easing of sanctions on Russian missile systems, seen as reflecting some willingness to negotiate an end to the Ukraine war. In Japan, Kioxia plunged more than 10% and Murata also declined, as Asian chip-related stocks broadly weakened in tandem with the global semiconductor pullback.
The overnight U.S. and global market brief above is compiled from 삼프로TV 오전 방송 (https://www.youtube.com/watch?v=jNDQUssfMz4).