Leveraged stock bets are ‘very concentrated in the AI ecosystem,’ Goldman Sachs warns

Good morning. On Fortune’s radar today:

• Markets: Mostly down.
• Leverage is “very concentrated in the AI ecosystem,” Goldman warns.
• The U.S. wealth paradox: No. 2 on average, No. 28 at the median.
• Trump says no return to war—for now.
• Soccer teams commit more fouls in polluted cities.
• You’d need to cut 10 million jobs for AI to pay for itself.

This story was originally featured on Fortune.com