As China’s leadership meets this week to chart a policy course for the 15th five-year plan – China’s development blueprint for the rest of the decade – events that unfolded more than 70 years ago are echoing again. The growing external challenges of today have similarities to those the country faced in the 1950s –…
When the Chinese government launched the “AI+” initiative in August, it was widely perceived as a new economic stimulus. However, observers may have underestimated Beijing’s true ambition. On October 10, senior officials and experts published a series of analyses in the official journal E-Government, offering the public its first comprehensive look at the initiative’s deeper…
Another year, another double-digit gain for the S&P 500. But while AI seems to be an unstoppable force propping up the three-year bull rally, Bank of America says unique risks are emerging. Much of the market’s gain since the October 2022 low has been driven by endless enthusiasm for AI, and companies have supported investors’…
OpenAI’s next move in its battle against Google is an AI-powered web browser dubbed ChatGPT Atlas. The company announced it in a livestreamed demo after teasing it earlier on Tuesday with a mysterious video of browser tabs on a white screen. ChatGPT Atlas is available “globally” on macOS starting today, while access for Windows, iOS,…
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…