What Berkshire’s life after Buffett looks like
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What are the implications of the US expanding nuclear weapons in Europe?
Good morning from the Financial Times. Today is Tuesday, June 2nd, and this is your FT News Briefing. The U.S. may deploy more nuclear weapons in Europe, and Anthropic is making moves there too. Plus, we get a look at Berkshire Hathaway's first steps after Warren Buffett.
I think what we're seeing here is a prelude to probably Berkshire's deal-making machine firing up again.
I'm Mark Filippino, and here's the news you need to start your day.
The U.S. has not exactly instilled a lot of confidence in Europe when it comes to conventional military support. President Donald Trump has threatened to move troops and critical weapons systems away from the continent.
How is Anthropic changing access to its AI model Mythos in the EU?
Now, the U.S. is signaling that it's open to expanding its nuclear weapons deployments. Six countries currently host so-called U.S. dual-capable aircraft, which are able to deliver nuclear strikes. But the talks could open the door for more countries to have these. Two sources told the FT the discussions were intended to show the U.S. commitment to providing a nuclear umbrella. We should say that talks are highly confidential and might not go anywhere, but sources say that countries on NATO's eastern flank, including Poland and some Baltic states, are interested in the potential offer.
Big start of the week for Anthropic. The maker of the Claude chatbot filed for an IPO yesterday that would value the company at more than a trillion dollars.
What are the cybersecurity concerns with Mythos for the EU?
Puts it right smack in the middle of this race with OpenAI and SpaceX. Both are planning to go public this year. Now, that was the headline-grabbing news that kind of buried another important development. Anthropic is offering the European Union access to its AI model, Mythos. Here to discuss is the FT's Laura Dubois in Brussels. Hi, Laura. Hi. Hi. So how big of a deal is this?
This is a really big deal because the US had so far limited access to this really powerful model to mostly US-based companies in the UK.
What does the EU's tech sovereignty initiative aim to achieve?
And so far, the US was pretty lukewarm on extending wider access to this model. And the reason is that this model is so powerful that it can detect cyber vulnerabilities really easily. And Anthropic was basically worried that it could be used to stage cyber attacks if it fell into the wrong hands. And the fact that the EU is now also in this group, it's very significant for Brussels and will sort of help the institutions stress test their systems.
Yeah, and just to drill down on those concerns, people are worried that Mythos could actually be so sophisticated that it's basically working too well, right? That it could outpace current cybersecurity defenses. Laura, are there conditions that address those concerns that the EU wants in its deal with Anthropic?
Yes. So the terms and conditions of the access still have to be discussed. Basically, EU officials traveled to San Francisco last week to discuss this.
Why is Berkshire Hathaway acquiring Taylor Morrison?
And then Anthropic over the weekend extended the invitation to the EU cybersecurity agency, which is called INISA. But the negotiations are now going to continue because there are also safety concerns on the EU side. Because the model is so powerful in scanning for cybersecurity vulnerabilities, it also means that Anthropic would sort of have an insight into the EU systems and where they are vulnerable. So basically now officials just really want to make sure that all the terms and conditions are set in a way that there are no safety concerns for the EU as well.
How does this all fit into the EU's larger goals? Because I know that they are focusing a lot on tech right now.
So the EU has tried to wean itself off of its dependency on US tech for a longer time now. And tech sovereignty is a really big topic of discussion here in Brussels. And actually this week, the commission is coming with a so-called tech sovereignty package, which will include new rules and sort of incentive for companies to invest in in Europe and build data centers here.
What does this acquisition signal about Berkshire's future strategy?
It will also help boost European producers like SAP or Mistral to sort of really have the conditions to produce cloud infrastructure and other things that you need to power AI from Europe.
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Chapters
8 chapters
1
What are the implications of the US expanding nuclear weapons in Europe?
0:03–0:55
2
How is Anthropic changing access to its AI model Mythos in the EU?
0:55–1:42
3
What are the cybersecurity concerns with Mythos for the EU?
1:42–2:13
4
What does the EU's tech sovereignty initiative aim to achieve?
2:13–3:05
5
Why is Berkshire Hathaway acquiring Taylor Morrison?
3:05–4:06
6
What does this acquisition signal about Berkshire's future strategy?
4:06–4:57
7
How does Greg Abel's leadership influence Berkshire's acquisition strategy?
4:57–5:42
8
What are the risks associated with Berkshire's investment in homebuilding?
5:42–10:26