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.

1138 ET - There could be more instances in which artificial-intelligence models went rogue that haven't yet been detected and disclosed to the public, Tom Duff Gordon, vice president and head of Europe, Middle East and Africa policy at OpenAI, says in an address to a U.K. parliamentary committee. Australian Prime Minister Anthony Albanese recently said that an OpenAI agent had infiltrated a government-services website in Australia this summer. The company's agents also launched a highly disruptive hack of the company Hugging Face over the summer. "I cannot assure the committee, or you chair... that that is it," Duff Gordon says in response to a question from the committee chair on whether further incidents should be expected. (mauro.orru@wsj.com)

1126 ET - Artificial intelligence should be subject to government rules to ensure the models that companies release to the public are safe, Liam Booth-Smith, head of Europe, Middle East and Africa policy at Anthropic, says in an address to a U.K. parliamentary committee. "We've consistently believed that there should be binding rules on companies and that a voluntary commitment is not enough," he says. His intervention comes after AI agents from different AI labs went rogue in recent months. He says all the models that Anthropic has publicly released are safe. (mauro.orru@wsj.com)

1120 ET - The cyber domain is where the main risks from artificial intelligence lie, Liam Booth-Smith, head of Europe, Middle East and Africa policy at Anthropic, says in an address to a U.K. parliamentary committee. He notes AI's exponential growth can boost defenses against cyberattacks, but it can also make hacking tools more powerful. His remarks come after a swarm of AI agents from companies including OpenAI, Anthropic, Meta Platforms and Alphabet's Google went rogue in recent months. Anthropic said in July that software it was testing got onto the internet and hacked unsuspecting companies without the AI-maker's knowledge in three separate incidents dating back to April. (mauro.orru@wsj.com)

1048 ET - Goldman Sachs CEO David Solomon says artificial intelligence offers significant opportunities, as well as significant risks that must be carefully assessed and managed. "However, the choice is not between halting progress and moving forward without guardrails," he says on a call with analysts. "We must enable innovation and also demand responsibility." (connor.hart@wsj.com)

1046 ET - Goldman Sachs is playing a meaningful role in the build-out of U.S. data centers, Goldman Sachs CEO David Solomon says on a call with analysts. "As we support our clients, we are highly selective about the risk we underwrite and the capital we commit, particularly as client financing needs become larger and more complex," he says. "Beyond these financial risks, we also recognize the broader concerns around the accelerating pace of AI technology and the unchecked advancement of frontier models." (connor.hart@wsj.com)

0855 ET - Easing crude prices and a weaker U.S. dollar are giving bitcoin support--with the token up 0.3% to $83,275, according to LSEG data. But there's other key sources of support that are missing, says Dat Tong of Exness in a note. "The rebound lacks strong institutional support," says Tong. "Spot Bitcoin ETFs recorded USD 65 million in net outflows on Monday, taking October flows to negative USD 451 million." Demand has been an issue for bitcoin on both the retail and institutional sides, exaggerating price movements due to the low volumes being traded but providing little lasting momentum for bitcoin in either direction. Ethereum falls 0.7% to $2,501, and XRP is down 0.5% to $1.36. (kirk.maltais@wsj.com)

0620 ET - The Korean won and Taiwanese dollar are among Asia's worst-performing currencies as the benchmark Kospi and Taiex lead regional equity markets lower, weighed by a selloff in chip stocks. The Philadelphia Semiconductor Index fell 2.7% overnight. "In our view the dominant theme was a memory selloff," Saxo Bank says in a note. South Korean memory-chip giants Samsung Electronics and SK Hynix slumped 7.4% and 10%, respectively, dragging the Kospi down 5.5%. Taiwan's Taiex shed 1.9% as index heavyweight TSMC, the world's largest contract chip maker, lost 2.0%. The U.S. dollar rises 0.3% to 1,339 won, on track for its strongest daily gain in nearly two weeks, according to LSEG. The dollar climbs 0.7% to NT$32.15, on course for its biggest advance in more than seven months. (farah.elias@wsj.com)

0507 ET - The chip-stock selloff could be the start of structural repricing of the artificial-intelligence trade rather than a short-term dip, says Coin Bureau's Nic Puckrin in commentary. The biggest concern is centered around potential competition from China's CXMT for Samsung Electronics and SK Hynix, he says, noting that the South Korean companies' enormous profits had been driven by supply constraints and insatiable demand. The current selloff could be a cue for investors to consider favoring assets that are less dependent on the AI chip boom. "The AI buildout isn't going anywhere, so companies benefiting from that could still have further to run," the cross-asset analyst says. "But the memory boom is getting shaky," he adds. (megan.cheah@wsj.com)

0501 ET - SAP should report steady growth for its core cloud business when the German business-software group posts third-quarter results on Oct. 21, Citi analysts write in a research note. They estimate growth of 25% for SAP's current cloud backlog--a closely watched measure of sales the group expects over the coming year based on existing contracts. Their projection is above consensus of roughly 24.5%. The analysts forecast cloud revenue growth of about 24% and say that SAP management could guide for annual growth in the upper half of the 23% to 25% guidance range. SAP shares trade 0.2% higher at 194.84 euros. (mauro.orru@wsj.com)

0416 ET - Shares of European semiconductor companies are in decline after investors dumped Asian stocks linked to artificial intelligence. South Korea's SK Hynix closed 10% lower, while Samsung Electronics shed 7.4%. In Japan, chip-making equipment maker Tokyo Electron lost 7.2%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 1.8% and 2.3%, respectively. Dutch supplier of semiconductor assembly equipment BE Semiconductor Industries is down 1.5%. German chip maker Infineon Technologies stock loses 1.9%. STMicroelectronics shares are down 2.5%. Meanwhile, the E-mini Nasdaq 100 futures contract is 0.7% lower, pointing to a weak opening for tech stocks in the U.S. (mauro.orru@wsj.com)

0406 ET - China's data-center investment story is shifting from securing power capacity and customer contracts to generating attractive returns on invested capital, Goldman Sachs analysts write in a note. Higher U.S. interest rates have sharpened investors' scrutiny on whether accelerating AI infrastructure spending can generate returns that exceed the cost of capital, they add. While moving closer to AI workload monetization offers greater ROIC potential, it also exposes operators to greater execution, technology and earnings risks, they say. Powered-shell data centers remain lower-return assets, the analysts say.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

0338 ET - The memory market is still cyclical despite the current AI-driven boom, Morgan Stanley analysts say in a research note. Memory demand is structural so far as demand from artificial-intelligence data-center construction is still outstripping what the industry can supply, while on-device AI and humanoid robots also require increasing memory, they say. However, "in this demand-led super cycle, we think super profits will eventually bring on new supply, with inevitable consequences for returns and ultimately for share prices," they say. Historically, memory companies have been poor at predicting their own inflection points, they say. China will also be a major swing factor, as CXMT is expanding fast in DRAM and HBM3 and YMTC is already a global competitor in NAND, they add.