Here is a funny thing about valuation “bubbles” involving financial instruments. In every individual case, you unavoidably end up asking: “What were they thinking?” Or stated differently, what causes a significant part of the supposedly rational investing public to collectively lose their minds for a relatively brief period? A few tulip bulbs, for example, were…
http://dieterspears.com/istock/links/button_election.jp g getty While the government shutdown continues with no immediate end in sight, the Senate passed its draft of the FY26 National Defense Authorization Act earlier in October. The House passed its version of the bill in September. Now, lawmakers will work to reconcile differences between the two proposals and settle on a final…
New data indicates that use of Meta AI’s mobile app for iOS and Android has seen a significant increase. According to a new analysis from market intelligence provider Similarweb, the app’s daily active users across both platforms jumped to 2.7 million as of October 17, up from around 775,000 just four weeks ago. In addition,…
China saw a massive uptick in generative artificial intelligence adoption in the first half of the year to 515 million users, with most of the users preferring domestic models, according to a state-run research organisation. The number of users more than doubled in the first six months of the year from the end of December…
China’s strategic approach to its long-term rivalry with the United States is reshaping investor sentiment toward Chinese stocks, potentially creating unique trading opportunities in both traditional and cryptocurrency markets. According to financial reports, Beijing is focusing on a patient, enduring strategy amid escalating tensions, which could stabilize Chinese equities over time while influencing global crypto…
China can sustain annual growth of 4.5 to 5 per cent over its next five-year plan period, former finance vice-minister Zhu Guangyao has said, just days ahead of a key Communist Party conclave to roll out the 2026-2030 blueprint. “We have full confidence that we will accomplish the economic development goal this year. The economic…
At a time when startup hustle culture is back, when “locked in” tech founders have even embraced the “996” way of working — 9 am to 9 pm, 6 days a week — there is something dystopian about using an AI app to generate fake vacation photos of yourself. And yet, here we are. Product…
Blame games, tit-for-tat threats, off-again on-again meetings between US President Donald Trump and Chinese President Xi Jinping, and wild tariff swings seem to be the recent order of the day. According to former government officials and analysts, however, this should come as no surprise – it’s just the price you pay when diplomatic norms are…
Hello and Happy Friday! I’m Joe Ciolli, and I’m subbing in for Dan DeFrancesco today. I’ll be writing a daily markets newsletter starting on Monday, so sign up here, and tell all your friends! If you’re planning on using DoorDash to have a self-driving Waymo deliver you pizza this weekend — something that’s now possible…
The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s cabinet. Beijing has made self-reliance across China’s AI stack – from integrated circuits…