Global shares rise despite ongoing worries about the Iran war and AI developments Global shares mostly rose in trading, driven by optimism about artificial intelligence and computer chips, despite ongoing concerns about the war in Iran and oil price swings. TOKYO - Global shares mostly rose in Wednesday trading, boosted by optimism about artificial intelligence and computer chips, despite ongoing worries about the war in Iran. Oil Prices And Treasury Yields SurgeThe latest economic updates and the potential rise of benchmark interest rates at the next Federal Reserve meeting are also expected to impact investors. The war in Iran has resulted in sharp swings in oil prices, helping to push Treasury yields to their highest levels in 24 years. Benchmark U.S. crude shed 0.3 per cent to US$89.11 a barrel.However, the underlying U.S. economy remains remarkably resilient, according to market analyst Tina Teng. Japan's benchmark Nikkei 225 jumped 1.9 per cent to finish at 66,753.72, while SoftBank Group Corp., which invests in OpenAI, surged more than 6 per cent in Tokyo trading. In the last week, the U.S. inflation rates have remained stubbornly above 3 per cent most of the year, well above the Fed's target rate of 2 per cent.Several major economic updates are expected this week, which could help investors and the Federal Reserve get a better sense of where inflation is headed. The dollar declined to 156.93 Japanese yen from 157.27 yen, while the euro cost $1.1352, up from $1.1347. Despite these developments, the U.S. war with Iran continues to drag on, with mediators working to reach a deal to end the fighting and open the Strait of Hormuz.AI Health Chatbots And Weight LossIn other news, a recent study found that patients who switched from Novo Nordisk's Wegovy shots to the pill form lost more weight in real-world scenarios. Additionally, Loblaw's PC Health launched a chatbot to help people turn to AI for health information. On a separate note, former President Donald Trump recently launched an AI chatbot that debunks many of his false claims.The tech firms involved in the chatbot's development have signed an accord to self-police their AI initiatives, as announced by Trump. Meanwhile, a Bulgarian soccer club president was shot dead at his home, and an ex-NFL star is set to appear in court for an expected plea agreement in an attempted murder case. As AI continues to develop, its potential impact on the economy and society remains a topic of discussion.The U.S. and other nations are grappling with the benefits and risks of AI, including job displacement and increased inequality. The Truth and Reconciliation Report 11 years ago highlighted the importance of promoting Indigenous knowledge and leadership.Indigenous Reconciliation And Tariff ReliefHowever, economic reconciliation with First Nations remains elusive. In other news, a Barrie manufacturer caught in tariff crossfire may find relief with a new tax break. A family restaurant suffered $1M in damages due to a fire, while a mother of a Balgonie football player is pushing for safer play after her son suffered a traumatic head injury. Events for the National Day for Truth and Reconciliation are happening in the Maritimes.In the world of art and entertainment, works by van Gogh and Cézanne are up for sale in a Sotheby's auction for US$450 million. Richard Crouse praised the audacity and ambition of a catastrophic dark satire film, 'Digger.' Meanwhile, a would-be Taylor Swift concert attacker lost a privacy case against Disney.