Lizzie Burden

Jamie Dimon, the JP Morgan CEO there, speaking largely about AI-related investments.

The news comes as the financial industry, like many others, has suffered declines in recent weeks due to AI concerns.

Dimon added that he expects the credit cycle will eventually sour again, though he isn't sure when.

It's been four years since Russia began its full-scale invasion of Ukraine, and US President Donald Trump's efforts to end the war are stalling.

Peace talks have already blown through several deadlines, and even some American officials admit privately that they see no signs Putin is willing to budge.

Vitaly Klitschko is the mayor of Kyiv.

Klitschko added that any peace deal cannot be a capitulation from Ukraine.

One concern among Kyiv's allies is that Putin may agree to a ceasefire that would allow Trump to claim success while Russia continues a campaign of sabotage, hybrid warfare or election interference.

On the markets this morning, the stock 600 is flat to the downside on Wall Street S&P.

Evening futures are flat to the upside of about a tenth of a percent.

And in your bond space, the 10-year Treasury yield is up a basis point at 4.03%.

And I'm Lizzie Burden.

And this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

It is Friday the 13th and yet more companies are being caught up in the so-called AI scare trade.

Logistics stocks plunging on Wall Street after a former karaoke company unveiled a new AI-powered platform for the freight industry.

The announcement from Algorithm triggered a sell-off that wiped 6.6% off the Russell 3000 trucking index.

Paul Dobson is our executive editor for Asia Markets, and he says it's just the latest example of the mounting anxiety over how AI is disrupting multiple sectors.

Paul Dobson speaking there as Asian stocks followed US indices lower and traditional safe haven assets, including gold and silver, also declined sharply on Thursday.