Singapore inks AI deals with Google, OpenAI as ChatGPT-maker commits $234 million to local ecosystem
Singapore has signed new partnerships with Google and OpenAI to strengthen the city-state’s position as a global AI hub and accelerating AI deployment.
Alibaba reveals more powerful Zhenwu AI chip, new LLM
Alibaba announced updates to its AI offerings, including a more powerful chip and a new large language model.
Looking for attractive Asian stocks outside of AI? HSBC names 10 ‘forgotten gems’ for investors
HSBC picked out companies that have generated high return on equity, gained market share while remaining highly profitable and paying out strong dividends.
AI boom reshuffles global stock market pecking order as South Korea and Taiwan surge
A global reshuffling in stock-market hierarchy is underway. AI is propelling Taiwan and South Korea past a couple long-established Western countries.
CNBC Daily Open: Bond markets and the Senate rebuke Trump as Iran war worries linger
Trump faces resistance at home even as inflation expectations rise and affordability looms large ahead of the midterms.
U.S. Treasurys are now firmly in the ‘danger zone,’ strategists say
U.S. Treasurys are in a “danger zone” as surging long-term yields raise fears that sticky inflation could begin spilling over into equities, strategists said.
Goldman Sachs says AI and energy resilience are creating a North-South divide in Asian markets
North Asian markets are outperforming South Asian markets, supported by stronger fiscal ability and AI developments, Goldman said.
Asia markets fall as Treasury yields climb and Iran tensions linger
Asia-Pacific markets fell on Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions.
UBS says China tech trade ‘makes a lot of sense’ as AI ecosystem grows
An expanding AI ecosystem and easing tensions with the U.S. are reviving the case for Chinese equities, particularly tech stocks, according to UBS.
SpaceX picks Goldman Sachs for lead left position on record-breaking IPO, sources say
SpaceX has picked Goldman Sachs to lead what’s expected to be a record-setting IPO.
