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Finance & Markets

'It's Raining Gold': AI Mints Unexpected Billionaires

The AI boom is creating a new class of billionaires in some unlikely places. Since the rise of ChatGPT in 2022, companies manufacturing overlooked industrial products and obscure hardware have seen their fortunes soar as demand for AI infrastructure takes off. Bloomberg Billionaires reporter Pui Gwen Yeung breaks down how these companies have struck gold. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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China Could Curb Fuel Exports as Diesel and Gasoline Stocks Sink

China’s diesel fuel and gasoline inventories are declining, which may eventually lead to the imposition of export curbs, Bloomberg has reported, citing recent fuel inventory data.

  • China's diesel and gasoline stocks hit 15-month and 2-year lows respectively.
  • Analyst predicts Beijing may restrict fuel exports in Q4 to curb domestic market tightening.
  • Previous export curbs in spring aimed to secure fuel supply amid Middle East tensions.

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