Investors will be looking out for Malaysia’s central bank policy meeting today, where it’s expected to keep its policy rate steady at 3%.
World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany's DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.
US President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence (AI) led by Japan’s Softbank Group Corp, cloud giant Oracle Corp and ChatGPT-maker OpenAI.
Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
In international markets, chipmaking and electrification companies saw pressure on the fears over the DeepSeek AI service. SoftBank -- the company that said it would fund up to $500 billion in AI infrastructure as well as the main shareholder of microchip designer ARM -- saw its stock dive 8%.
Global chip stocks slumped Monday after Chinese artificial-intelligence company DeepSeek said it had developed AI models that nearly matched American rivals despite using inferior chips, raising questions about the need to spend huge sums on advanced gear provided by Nvidia and other tech giants to train AI models.
Artificial intelligence has been at the center of the U.S.-China technology battle, fueling a so-called AI arms race and a spate of export controls from the U.S. aimed at restricting China’s access to critical advanced technology.
Tech stocks tumbled on Monday as advances by Chinese artificial intelligence (AI) start-up, the Hangzhou DeepSeek Artificial Intelligence Co., Ltd.’s DeepSeek, cast doubt on whether the United States could sustain its leadership in AI by spending billions of dollars on chips.
The rise of little-known Chinese tech start-up DeepSeek has exposed weaknesses in America's "small yard, high fence" strategy to contain China's technological progress, according to experts. The company's success has also signalled an intensifying competition between the US and China to win over the brightest AI minds,
Tech giants pledged Initial $100B investment for data centers in Texas, first in Abilene, through their Stargate partnership announced by President Donald Trump.
Masayoshi Son’s SoftBank (SFTBY) intends to reach out to major investment firms such as Apollo Global (APO) and Brookfield (BAM) about
Explore the pros and cons of the first round of technology developments from President Trump's first week in office. What impact will his bold tech moves have?