The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1423 ET - Palantir CEO Alex Karp isn't bullish on the prospect of President Trump and President Xi agreeing on shared AI risks. "I would love it if it happened," Karp says on CNBC. "The problem is, we're tight enough as competitors that both sides believe they could win." He adds that a framework of joint U.S.-China control over AI would "change the world." (elias.schisgall@wsj.com)

1420 ET - Palantir CEO Alex Karp says the real goal of frontier labs such as Anthropic is likely to get the U.S. government to nationalize their businesses to cap their liability from skimming their customers' intellectual property. Karp, in a CNBC interview, says he respects Anthropic head Dario Amodei, but describes the company's philosophy as one of migrating business customers' IP into its AI models. "That model would require severe liability protection, and there's only one institution that can do that: the U.S. government," Karp says. "First, you migrate all the IP to your business, and then, because you need capped liability, both vis-a-vis the business and vis-a-vis the dangers, you've got to migrate the business to the government. It has to be nationalized." (elias.schisgall@wsj.com)

1358 ET - Institutional investors are back to mostly pulling money out of bitcoin ETFs, this after flows returned to being positive in August. Bitcoin ETFs are showing net outflows for 6 out of the past 7 trading sessions, with net outflows Wednesday landing at nearly $300 million, according to data from CoinGlass. "New demand is missing," says Glassnode in a note. "On-chain inflows, ETF flows, stablecoin growth and corporate buying have all stalled." Bitcoin is up 1% to $76,887, while ethereum rises 2.6% to $2,472, XRP is up 0.3% to $1.30 and solana climbing 3.3% to $101.77. (kirk.maltais@wsj.com)

1313 ET - There needs to be a set of reasonable and enforceable guidelines for increasingly-capable AI models, beginning with liability for the companies that provide them, Palantir CEO Alex Karp says on CNBC. "The first line of defense is, you're liable for your own actions," Karp says. Of the AI companies asking for government intervention, Karp adds, "they're asking for societal regulation to get out of the first line of defense, which is, if you build a technology that can destroy 10% of the world, that has civil and criminal liability attached to it." He adds that regulating AI proves tricky, as many of the people who understand the technology best are on its payroll. (elias.schisgall@wsj.com)

1229 ET - ChatGPT developer OpenAI's selection of Shopify as its debut ecommerce advertising partner eases fears of AI disintermediation, says TD Cowen's John Shao. In a report, the analyst notes a prevalent theme weighing on ecommerce sentiment this year has been of fears of cutting out the middleman. This was made worse for Shopify after META announced its personal AI assistants. However, Shao sees OpenAI's new ad integration as evidence that "Shopify may be becoming more deeply embedded in agentic commerce rather than being bypassed by it." Under the partnership, merchants can manage ChatGPT advertising campaigns directly through the Shopify platform. This sets up Shopify to benefit from "the infrastructure layer underpinning AI-driven commerce rather than being at risk of displacement." (adriano.marchese@wsj.com)

1058 ET - After declining from the Fed rate hike and the failure of the Clarity Act, altcoins are bouncing back. Some of the strongest gainers include Hyperliquid, which is up 6% to $82.97, and Zcash, which is rising 6.3% to $1,421. Derisking was seen after this week's news, says Nicolai Sondergaard of Nansen in a note, but that appears to be subsiding. Other altcoins--crypto tokens outside of bitcoin and stablecoins--have rebounds outpacing bitcoin. Ethereum rises 2.6% to $2,472, solana climbs 3.1% to $101.68, and dogecoin is up 1.8% to 8.2 cents. Bitcoin rises 0.8% to $76,741. (kirk.maltais@wsj.com)

0609 ET - Infineon Technologies' deal to sell its NOR Flash and F-RAM business to Taiwan-based Winbond Electronics Corp. for $1.12 billion is positive for the German chip maker, Bank of America's Didier Scemama writes in a research note. The business Infineon is selling includes a portfolio of flash memory and products for customers across the automotive, industrial and infrastructure end-markets. "In our view, the divestment removes a business with no direct participation in structural AI/data center growth, supports further deleveraging and has a negligible impact on EPS," Scemama says. Infineon shares trade 1.7% lower at 54.05 euros. (mauro.orru@wsj.com)

0602 ET - Market expectations for Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International remain too low, Bank of America's Didier Scemama writes in a research note. He says consensus expectations are for ASML sales and earnings per share to grow 28% and 41%, respectively, over the next three years. Still, he notes ASML's capacity is essentially sold out for the next 18 months and that competition from China and U.S. startups remains distant at best. Meanwhile, consensus expectations for ASM International's gross margin are essentially flat at around 51% over the next three years. Scemama says consensus might prove to be too conservative given improving mix and pricing. ASML shares trade 2% higher at 1,423.60 euros, while ASM International trades 1.5% higher at 783 euros. (mauro.orru@wsj.com)

0345 ET - LG Display is likely to face earnings pressure from a stronger won and higher input costs, Daishin Securities' Kangho Park says. The analyst lowers his operating-profit forecasts for the South Korean flat-panel display maker by about 25% for 2026 and 11% for 2027. The dollar has weakened nearly 13% against the won since late June, weighing on the company's profitability, Park notes. Higher prices for semiconductors and other raw materials have pushed up the prices of information-technology devices, dampening demand, he says. Still, he expects the company's earnings to gradually improve on likely higher shipments of organic light-emitting diode panels. Daishin cuts its target price for the stock to 12,000 won from 17,000 won and keeps a buy rating. Shares fall 0.8% to close at 8,400 won. (kwanwoo.jun@wsj.com)

0051 ET - Westpac's belief in the support that artificial intelligence offers the Australian bank represents one view of the future: Jefferies analysts have another. The analysts acknowledge the argument that incumbent banks should be able to harness new tech to streamline processes, redesign value chains, improve controls, and speed up decision making. "If well executed and appropriately funded, owners and customers will share in the returns of this opportunity," they write in a note. However, they also see a scenario in which bots disrupt banks' engagement with customers, scanning for products and executing transactions. "A bank customer may never again open their bank app, contact a call centre, or visit a branch," the Jarden analysts warn. Jarden keeps a sell rating on the stock and target price of 31.00 Australian dollars. Shares are up 1.5% at A$34.955.