Chiefs of the world’s leading AI companies are descending on the G7 conference in France Wednesday, in a sign of their growing geopolitical influence as artificial intelligence rises to the top of the global agenda.

CEOs including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, Google DeepMind’s Demis Hassabis, alongside around a dozen other tech leaders, will take part in a lunch meeting at the summit in Evian on Wednesday.

Frontier AI risks, infrastructure and sovereignty are all expected to be discussed at the conference. The protection of children online will also be a key part of the discussions, The Élysée Palace, the official residence of the president of France in Paris, said in a press briefing on Thursday.

Other tech chiefs including France-based Mistral’s Arthur Mensch, Canada’s Cohere CEO Aidan Gomez, Italian company Domyn’s Uljan Sharka, U.K. AI scaleup Synthesia’s Victor Riparbelli and German-based Black Forest Labs’ Robin Rombach will also be present at the lunch. Salesforce‘s Marc Benioff, Meta‘s Alex Wang, alongside the founders of Indian AI company Sarvam and Japan’s Sakana are also pegged to attend.

“It just shows that in order to make credible commitments on AI, heads of state now need the cooperation, if not endorsement, of a handful of private sector executives actually building the technology,” Jessica Brandt, senior fellow for technology and national security at the Council on Foreign Relations (CFR), told CNBC.

“We’re seeing a shift in who gets a seat at the table and a signal of where power sits.”

The G7 summit — which features the U.S., U.K., Canada, France, Germany, Italy, Japan and the EU — comes as Anthropic remains locked in negotiations with the U.S. administration after Washington imposed export controls on the AI lab’s Fable 5 and Mythos 5 models amid national security concerns.

Recent announcements of powerful AI models with advanced cyber capabilities, including Anthropic’s Mythos and OpenAI’s GPT-5.5 Cyber, have brought a wave of concerns from businesses and governments around digital security weaknesses.

The release of Mythos marked an “inflection point” in AI development, Cameron Kerry, a visiting fellow at the Brookings Institution, told CNBC, adding that it led the Trump administration to consider regulating the technology.

U.S. export controls on Anthropic’s models have “changed everything,” said Emerson Brooking, senior fellow at the Atlantic Council.

“Multiple G7 nations have previously alluded to the need for sovereign AI investment, but there was always an assumption that this would take place alongside access to the U.S. tech stack,” he told CNBC. “Now the U.S. has indicated a willingness to cut off the G7 and even treaty allies from certain AI capabilities.”

For tech bosses, a seat at the table during the G7 represents a key opportunity to influence policy debates at the highest level.

“It seems the firms expect to come away with a package of voluntary commitments — youth…

Cybersecurity and enterprise software stocks have been market dogs since the start of 2026, with fears that AI will wipe out a wide range of companies in the enterprise space dominating the narrative. But they snapped a brutal losing streak this past week, joining in the broader market rally that saw all losses from the U.S.-Iran war regained by the Dow Jones Industrial Average and S&P 500.

Cybersecurity has been “a victim of some of the AI-related headlines,” Christian Magoon, Amplify ETFs CEO, said on this week’s “ETF Edge.”

It wasn’t just niche cybersecurity names. Take Microsoft, for example, which was recently down close to 20% for the year. Its shares surged last week by 13%.

A big driver of the pummeling in software stocks was a rotation within tech by investors to AI infrastructure and semiconductors and some other names in large-cap tech, Magoon said, and since cybersecurity stocks and ETFs are heavily weighted towards software companies, they were left behind even as those businesses continue to grow on a fundamental basis.

But Wall Street now has become more bullish with the stocks at lower levels. Brent Thill, Jefferies tech analyst, said last week that the worst may be over for software stocks. “I think that this concept that software is dead, and then Anthropic and OpenAI are going to kill the entire industry, is just over-exaggerated,” he said on CNBC’s “Squawk Box” on Wednesday.

“Big Short” investor Michael Burry wrote in a Substack post on Wednesday that he is becoming bullish about software stocks after the recent selloff. “Software stocks remain interesting because of accelerated extreme declines last week arising from a reflexive positive feedback loop between falling software stocks and changes in the market for their bank debt,” he wrote.

The Global X Cybersecurity ETF (BUG), is down about 12% since the beginning of the year, with top holdings including Palo Alto Networks, Fortinet, Akamai Technologies and CrowdStrike. But BUG was up 12% last week. The First Trust NASDAQ Cybersecurity ETF (CIBR) is down 6% for the year, but up 9% in the past week.

Piper Sandler analyst Rob Owens reiterated an “overweight” rating on Palo Alto Networks which helped the stock pop 7% — it is now down roughly 6% on the year. Its peers saw similar moves, including CrowdStrike.

Magoon said expectations may also have become too high in cybersecurity, and with a crowding effect among investors, solid results were not enough to to push stocks higher. But the down-and-then-back-up 2026 for the sector is also a reminder that when stocks fall sharply in a short period of time, opportunity may knock.

“Once you’re down over 10% in some of these subsectors, you start to see the contrarians start to say, ‘well, maybe I’ll take a look at this,'” Magoon said.

Magoon said AI does add both opportunity and uncertainty to the cybersecurity equation,…