Aave is phasing out low-utilization assets and certain on-chain deployments, involving nearly $100 million in supplied assets.

According to a report from The Information citing insiders, Anthropic, OpenAI, and Google have been in talks to jointly establish an AI industry standards body. These discussions predated a Saturday call by Anthropic CEO Dario Amodei, who urged AI companies to coordinate on testing and auditing related technologies. One insider noted that OpenAI founder Sam Altman told employees at the company’s all-hands meeting earlier this week that he backs the creation of an AI industry testing and audit body, but argued major AI labs should set up their own industry standards bodies rather than relying on U.S. government support.

According to The New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week, amid growing concerns that the rapid, unbridled development of the technology could trigger a global catastrophe. Per a Buckingham Palace statement, Charles will convene heads of firms including Nvidia, Google, DeepMind, OpenAI, and Anthropic, alongside government officials, to discuss how to develop and deploy AI in ways that benefit society. The gathering will take place at Dumfries House—headquarters of the King Foundation, an educational charity—in Ayrshire, southwest Scotland. It comes as AI insiders and several industry giants issue warnings about these tools and their fast-paced advancement. Some have called for establishing shared guidelines and intentionally slowing development to ensure humanity can keep pace. The Buckingham Palace statement notes that Charles’ AI summit will explore leveraging the technology for humanity’s benefit, thereby strengthening community cohesion and improving people’s lives.

According to a report from the Financial Times citing people familiar with the matter, Anthropic has informed a small group of its shareholders that its adjusted operating profit will be positive for the second consecutive quarter. This metric excludes costs such as equity-based compensation. Separately, sources familiar with the situation said that, excluding revenue shared with distribution partners like Amazon and model training costs, Anthropic’s gross margin exceeds 80%.

According to Bitget market data, during Asian morning trading, both WTI crude oil and Brent crude oil once saw their intraday gains expand to 3%. Last Thursday, a drone launched from Iraq struck Saudi Arabia’s east-west oil pipeline, forcing the Saudi government to shut down this critical crude artery. Riyadh did not disclose the extent of pipeline damage or the duration of the shutdown. Additionally, a diplomatic meeting between Iran and Gulf Arab countries originally scheduled for Monday in Oman to discuss the situation in the Strait of Hormuz was suddenly postponed following the pipeline attack. The Saudi pipeline has a daily transportation capacity of 7 million barrels and plays a key role in mitigating severe oil supply disruptions caused by Middle East conflicts. Separately, the UK Maritime Trade Operations Center stated that the security situation in the Strait of Hormuz remains precarious; another oil tanker was attacked on Sunday, leading to a severe fire on board.

According to foreign media reports, U.S. President Donald Trump on Sunday appeared to reject calls from several top artificial intelligence (AI) executives to slow the development of AI models. During an interview at the Irish Open golf tournament, Trump said: "We are the most advanced country in the world, and frankly, I want this situation to stay that way. Whoever wins AI wins everything." On Saturday, three of the AI industry’s most influential leaders—Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI founder Elon Musk—jointly supported slowing the pace of advancing AI model capabilities. Trump added: "I think there are a lot of negative forces pushing this thing that shouldn’t even be brought up. They’re raising issues that simply won’t happen."

According to Business Insider citing a person familiar with the matter, Anthropic has selected Nasdaq as the listing venue for its potential IPO. Another source familiar with the matter said the company, which plans to go public in October, choosing Nasdaq marks another key win for the exchange in the competitive listing race. Earlier this year, Nasdaq successfully secured SpaceX’s listing; SpaceX is valued at $1.75 trillion, while some estimates put Anthropic’s valuation at up to $2 trillion, though the figure has not been finalized. Earlier, OpenAI CEO Sam Altman stated that given the controversy surrounding AI’s potential existential threat to humanity, OpenAI has no immediate plans to go public.