A veteran CIA operative sent to Abu Dhabi to determine whether the United Arab Emirates’ leading artificial intelligence company could be trusted with advanced American technology ultimately helped the Gulf state address Washington’s concerns over its ties to China, The Wall Street Journal reported on Sunday. Jonny Gannon was assigned to the UAE in 2023…
Out here in Dixie County, we still do a lot of things the old-fashioned way. But even in a small town like ours, the schools where we send our kids, the courthouse where folks file their paperwork, the utilities that keep our lights on and the Sheriff’s Office that keeps us safe all run on…
Good morning, unless you’re a SpaceX shareholder. The company’s stock closed under $150 yesterday, its first day in the Nasdaq 100, for the first time since its June 12 IPO, possibly imperiling Elon Musk’s title as the world’s first trillionaire. Who cares, right? Still, there are takeaways even if SPCX isn’t in your portfolio. First:…
Microsoft expands AI business in China, with ByteDance emerging as top customer Proactive uses images sourced from Shutterstock Microsoft Corp (NASDAQ:MSFT) is expanding its artificial intelligence business in China, with ByteDance expected to spend more than $1 billion annually on the company’s AI and cloud services, according to a Bloomberg report. Bloomberg reported that Microsoft…
Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is…
Finding tech stocks that are worth holding on to forever isn’t an easy task. While some companies look like they will have great long-term results, they may be exposed to some trends that cause their business to decline over the long term. However, I’ve got three stocks that look unstoppable and are worth buying now…
Finding undervalued artificial intelligence (AI) stocks hasn’t been possible for most of the AI build-out that has taken shape since 2023. However, with markets generally weak right now, there are fantastic investment opportunities everywhere. Three stocks that I have my eye on in April are Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Micron Technology (NASDAQ:…
Billionaire Peter Thiel was a co-founder of Palantir Technologies, and he still owns a substantial stake in the company (about 100 million shares). However, he also runs a hedge fund, called Thiel Macro, that recently sold every stock in its portfolio. Specifically, SEC Forms 13F show Thiel Macro had $74 million split between Tesla (NASDAQ:…
Keith Li King-wah’s business once thrived during the 2010s. In a crowded field of more than 100 rivals, his programming consultancy, Innopage, easily secured contracts worth hundreds of thousands of Hong Kong dollars to develop basic digital tools, such as a mortgage calculator, for corporations and government agencies. But those easy-money days are gone. The…
Hong Kong has been urged to extend its stock trading hours to maintain its status as an international financial hub, as competitors move towards near 24-hour operations to capture global liquidity. Speaking at the “Redefining Hong Kong 2026 Budget Edition” forum organised by the South China Morning Post on Monday, Kenny Shui Chi-wai, vice-president of…