The record-setting rally in stocks is stumbling this week. US stocks dropped on Thursday as traders took in strong economic data, revised their expectations for Fed rate cuts, and took in wearing momentum in the AI trade. All three major US indexes slipped lower in the early morning, putting them on track for their third…
Three in five multinational companies expect costs to rise due to ongoing geopolitical uncertainties, which is spurring their adoption of artificial intelligence and smart manufacturing to offset financial pressure, according to a Standard Chartered survey on Wednesday. About 62 per cent of top executives surveyed predicted cost increases of 5 to 14 per cent in…
Some of the mainland firms currently looking to list in the city include China Micro Semicon (Shenzhen), Suzhou Dongshan Precision Manufacturing and Mech-Mind Robotics Technologies. “The Hong Kong market has had a strong rally this year, with international investors chasing mainland technology companies, particularly semiconductor, AI and robotics companies,” said Tom Chan Pak-lam, permanent honorary…
Some of the mainland firms currently looking to list in the city include China Micro Semicon (Shenzhen), Suzhou Dongshan Precision Manufacturing and Mech-Mind Robotics Technologies. “The Hong Kong market has had a strong rally this year, with international investors chasing mainland technology companies, particularly semiconductor, AI and robotics companies,” said Tom Chan Pak-lam, permanent honorary…
Hong Kong’s economic story has always unfolded in cycles of innovation. Finance made it a global hub. Real estate later became a backbone. Both engines now face structural limits. As global competition intensifies, the question is what Hong Kong’s new growth engine will be. The policy address offers a clear signal: artificial intelligence (AI) is…
This Daily News Roundup is created once every day, based on news articles created by human reporters and editors at Bay City News. For this project, we prompted ChatGPT to analyze the articles produced by our staff during this 24 hour period and to choose 5 stories to highlight based on newsworthiness and human interest,…
There are still more questions than answers on artificial intelligence — What will AI change? Will it be smarter than us? — but a group of Morgan Stanley analysts took a best guess at how the next machine revolution could impact retail costs. The result? Big potential savings as more work becomes automated. Morgan Stanley’s…
They’ve got the money and the chips. Now they need the power. Nvidia announced Monday that it plans to invest $100 billion in OpenAI in a deal that would give the ChatGPT maker a major leg up in the AI race — access to 10 gigawatts worth of the high-powered GPUs it needs to satisfy…
Welcome to Foreign Policy’s China Brief. Every week, we cover the latest developments in the U.S.-China relationship, among other topics. But this week, we take a step back and discuss a broader trend: artificial intelligence and why it’s become such a fixation for China hawks over other areas of U.S.-China technology competition. Welcome to Foreign Policy’s China…
The mobile growth landscape in 2025 is fundamentally different from even two years ago. Ad costs are up, attention spans are down, and user expectations are higher than ever. However, for teams that understand the current toolset and deploy it intelligently, this is a moment of major opportunity. Thanks to AI technology’s rapid maturity and…