The U.S. National Hurricane Center reports an 80% probability that the system in the southwestern Azores will develop into a tropical depression within the next 48 hours.

Market news: Bolivia will set a unified diesel price, which will be linked to international oil prices.

According to a Nikkei report, Wayne Yang, general manager of IV Technologies, a rising chip materials manufacturer in Taiwan, said the biggest headache isn't finding new business—after all, demand is surging at an unprecedented rate—but rather finding enough engineers and technicians to keep up with the company's rapid expansion. "We are currently expanding a new factory in central Taiwan and actively recruiting to support this expansion," Yang said. "However, we've found that our customers, peers, and supply chain partners are also hiring aggressively." IV Technologies operates in a niche market, manufacturing high-quality chemical mechanical polishing pads for chip manufacturing and advanced chip packaging, but its recruitment challenges are not unique. The global AI infrastructure boom is stimulating demand across everything from memory chips and printed circuit boards to lasers and assembly services, and chip manufacturers and suppliers across Asia are launching the largest expansions ever to keep pace. These expansion plans require hundreds or even thousands of workers. Taiwan and the rest of Asia are at the heart of the AI ​​hardware supply chain, and this talent war has global implications. Shortages of new engineers, construction workers, sales representatives, and other positions could slow the chip industry's booming expansion, which is essential to meet AI demands. As a relatively small company in its niche market, IV Technologies faces fierce competition for talent from larger rivals, including Qnity (formerly of DuPont), Fujishoku (Japan), and even its clients TSMC and UMC. Even these and other global giants are struggling to recruit.

The U.S. State Department has decided to approve the sale of $2.68 billion worth of foreign military equipment to Ukraine to support its air defense development and upgrades.

According to Reuters, Anthropic is considering launching a new artificial intelligence model before its IPO; Anthropic's initial public offering may be delayed until after the U.S. midterm elections.

Ukrainian President Volodymyr Zelensky thanked US President Donald Trump for signing the Russian sanctions bill and thanked members of Congress for their support.