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Indian equities outpaced Asian peers on Thursday, as an unwinding of the artificial intelligence trade spurred a rotation toward markets that had largely missed the surge.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Mainland stocks fell on Thursday to their lowest close in 14 months, tracking broad weakness across global markets, as technology shares led declines after stronger-than-expected US inflation data…
The British Business Bank has today announced it is investing £180m across six AI and deeptech VC funds, as investors continue to pile into the two hot sectors.The state-owned investor is investing…
Fewer shorts, buybacks ending, no inflows and too many longs imply no recovery is imminent, says a JPMorgan strategist.
Korean stocks plunged 7.57 percent and shed nearly 400 trillion won ($297.7 billion) in market capitalization Thursday, amid concerns over the sustainability of artificial intelligence (AI) spending and the outlook for the semiconductor sector. The benchmark KOSPI closed at 5,554.22, down 7.57 percent.
AI developer Anthropic grew its sales by about 46% to $16.8 billion (€15bn) last quarter and turned an adjusted profit, it told investors on Wednesday, weeks before a November stock market debut that could value it at up to $2 trillion (€1.79bn).
