AI startup Anthropic is expected to tell investors its total addressable market exceeds $30 trillion, surpassing SpaceX's $28.5 trillion estimate from before its record-breaking IPO. The Claude maker could unveil IPO financial-disclosure documents in the coming weeks, potentially going public as soon as September. Total addressable market represents the annual revenue a company could theoretically capture with 100% market share.

In other AI news, a key executive overseeing OpenAI's data-center build-out departed the company last week.

CIA Director Ratcliffe spent roughly four hours in the Russian capital before leaving. The purpose of the visit was not immediately clear, though U.S. intelligence indicates Russia may be preparing a military mobilization in Ukraine. The CIA declined to comment.

Canada announced plans to impose tariffs on approximately 700 American products in retaliation for new U.S. levies. The tariffs, effective Sept. 8, will range from 15% to 50% and target items like processed cheese from Wisconsin, seafood from Maine, and washers and dryers from Kentucky, where General Electric operates a major facility. Analysts note the targeted products originate from states with competitive congressional elections.