AI market correction is coming, ECB blog predicts
A market correction to tech stock exuberance in the US is likely and could have far-reaching consequences due to limits in fiscal and monetary policy buffers to…
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Stripe Acquires OpenRouter for $7B in Largest AI Gateway Deal
Stripe finalized a deal to acquire OpenRouter for more than $7 billion on August 16. This deal is merging the world’s largest online payments infrastructure w…
AI Is Driving Up Treasury Yields: ‘It Just Touches Everything’
There are no signs that the AI debt deluge is slowing. Amazon.com Inc. and Alphabet Inc. both recently increased their spending forecasts, while chipmaker Nvidi…
United States Urges Countries to Choose Sides in Global AI Race Amid China’s Growing Influence
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The United States is poised to send a letter to numerous countries, informing them of the necessity to take a stanc…
Alibaba’s Strategic Shift: Selling Lingxi Games Arm to Fuel AI Ambitions
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Alibaba has made a strategic move by selling its Lingxi games arm to equity firm Trustar Capital, emphasizing its c…
Inside Standard Bank’s multi-model AI bet
Standard Bank Group has disclosed further detail about the AI build behind interim results published last week, naming Amazon Bedrock as its enterprise AI platf…
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Nestle looks to develop products for users of GLP-1s
Nestle is seeking to turn the rise of GLP-1 weight-loss drugs from a threat into a business opportunity, using artificial intelligence and nutritional science t…
Leaked letter reveals US plan to split the world’s AI alliances
The US is preparing to tell dozens of countries they must pick sides in America’s AI race with China, warning they will be excluded from a US-led AI coalition…
CFA Institute and Zhaopin Explore Evolution Path of Financial Talent in AI Era
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In a recent event held in Shanghai, the CFA Institute partnered with Zhaopin to delve into the reshaping of the val…