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Daniel Burrus · Burrus Research · Sep 25, 2026
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Dow closes 600 points lower as AI doubts weigh ahead of Federal Reserve meeting
US equities fell sharply as persistent doubts over artificial intelligence valuations weighed on markets, with investors also positioning ahead of the Federal Reserve's policy meeting.
- MARKETS
AI funding fears hit Asian tech stocks and lift sovereign bonds
Asian equities fell as worries over AI spending drove investors into Treasuries and pared back Fed rate-hike bets, while Brent crude hit a five-month peak.
- MARKETS
AI tech fears push global credit spreads to 17-month high
A selloff in AI stocks and rising geopolitical tensions drove investors to safe havens, widening corporate bond spreads globally to their highest since May 2025.
MARKETSTech rout drives Wall Street lower as AI spending fears mount
A nearly 7% slide in chipmakers pushed the Nasdaq 100 to its worst day since June, as investors questioned the payoff from AI spending and scaled back bets on a 2026 Fed rate rise.
NEWSPakistan envoy seeks shift from counterterrorism to IT ties with US
Ambassador Rizwan Saeed Sheikh told a Washington tech forum Pakistan wants its US relationship to move from counterterrorism to information technology, as 16 Pakistani firms sought partnerships.
MARKETSNikkei falls 1.71% as Wall Street tech selloff bites
Japan's Nikkei 225 dropped 1.71% to 61,832.66, tracking a tech-led Wall Street decline in which Nvidia fell about 4% and Meta dropped 7% after earnings.
MARKETSSensex and Nifty erase early gains as crude oil surge and AI sell-off weigh
Indian benchmarks reversed a firm open to extend losses to a fourth session, pressured by Brent crude near $114 a barrel and a Wall Street sell-off in AI-linked technology stocks.
NEWSAndreessen Horowitz rebrands crypto fund as a16z Frontier
The venture firm has renamed its digital assets arm a16z Frontier and widened its remit to artificial intelligence and robotics, while keeping its $2.2 billion fund and crypto investing.
- NEWS
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic's IPO is reported to be standing alone as jitters in the AI market sideline other listings, according to a report on the IPO landscape.
MARKETSUS 10-year yield slips below 5% as investors seek safety in Treasuries
Treasury yields fell as much as 13 basis points as investors sought shelter from tumbling AI-linked shares, even as Brent crude topped US$112 a barrel.
NEWSUkraine drone strikes on Russian data centres disrupt services and AI work
Attacks on Yandex, Sberbank and VKontakte facilities have disrupted cloud, banking and ride-hailing services across Russia, with experts warning of lasting damage to its AI ambitions.
- AI
Pakistan building Urdu AI model Buraq on sovereign compute, minister says
IT minister tells Seoul summit that Buraq, trained on Urdu and regional languages, will run on domestic compute so Pakistani data stays in Pakistan, built on digital public infrastructure.
NEWSBarclays to cut about 5,000 jobs by end-2026 in AI efficiency drive
Barclays plans to shed roughly five percent of its global workforce by the end of 2026, with about 60 percent of the cuts in support functions, as it reported a 13 percent rise in third-quarter net profit.
NEWSWorld Bank flags AI exposure for 61% of Pakistan's service-sector workers
A World Bank report finds 61 percent of Pakistan's service-sector workers hold occupations with above-median AI exposure, with wholesale and retail trade the key sector for the labour-market transition.
POLICY AND REGULATIONSThe future of money, AI and the state
The article, “The Future of Money, AI and the State” by Bilal Bin Saqib, argues that Pakistan’s economic future depends on integrating financial innovation, artificial intelligence (AI), and strong state institutions. It highlights the potential of asset tokenization, digital bonds and sukuk to improve capital markets, while stressing that enforceable ownership rights, effective regulation, cybersecurity, and investor protection must come first. The article also advocates using blockchain to improve transparency in public spending and AI to strengthen regulatory oversight, while cautioning that technology alone cannot eliminate fraud, corruption, or economic weaknesses. For Pakistan, the priority should be practical, locally relevant AI applications, credible digital-asset use cases, and collaboration among regulators and financial institutions rather than simply acquiring new technology. Ultimately, technology should strengthen public trust, mobilize investment, improve institutional performance, and create economic value—not replace sound governance and accountability.
- POLICY & REGULATION
World Bank's USD70 million Connected Punjab programme yet to become effective
The World Bank's USD70 million Connected Punjab Programme has yet to become effective, with financing and implementation agreements still unsigned, delaying broadband, AI and cashless transaction targets.
MARKETSAI borrowing boom may keep Bitcoin's macro headwind alive after Fed pauses
Minutes from the Fed's 15-16 September meeting cited AI infrastructure debt issuance among factors pushing Treasury yields higher, complicating Bitcoin's macro outlook even after rate rises end.
AIMusk: AI and Robots Will Bring "Universal High Income", Not Basic Income
Elon Musk says AI and robotics will make goods and services so abundant that work becomes optional and everyone enjoys a high standard of living, a vision economists say leaves key questions unanswered.
POLICY & REGULATIONSBP opens applications for second regulatory sandbox cohort
The State Bank of Pakistan is inviting applications for the second cohort of its Regulatory Sandbox, covering AI in finance, payments, inward remittances and an open theme. Proposals are due by 30 November 2026.
TECHNOLOGYPing Up says AI push aims to widen Pakistan's retail investor base
Ping Up, a Karachi- and London-based wealth platform, says it hit a Rs20 billion volume target set for 2030 and is piloting AI agents for banks and asset managers.

