(Bloomberg) -- China's cheap artificial intelligence models are rapidly attracting global users and creating new winners in the nation's stock market.Most Read from BloombergHormuz Chaos, Lebanon Clashes Dent Trump Peace Deal HopesCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfNvidia Makes Quantum Computing CEO a Billionaire in DaysUS Seizes Iranian Ship in Blockade, Casting Doubt ...
(Bloomberg) -- China's cheap artificial intelligence models are rapidly attracting global users and creating new winners in the nation's stock market.Most Read from BloombergHormuz Chaos, Lebanon Clashes Dent Trump Peace Deal HopesCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfNvidia Makes Quantum Computing CEO a Billionaire in DaysUS Seizes Iranian Ship in Blockade, Casting Doubt on Peace TalksTrump Says US Seized Iranian Ship, Blew Hole in Its Engine RoomAs AI development incre
(Bloomberg) -- China’s cheap artificial intelligence models are rapidly attracting global users and creating new winners in the nation’s stock market.Most Read from BloombergCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfHormuz Chaos, Lebanon Clashes Dent Trump Peace Deal HopesUS Seizes Iranian Ship in Blockade, Casting Doubt on Peace TalksNvidia Makes Quantum Computing CEO a Billi...
(Bloomberg) -- China’s cheap artificial intelligence models are rapidly attracting global users and creating new winners in the nation’s stock market.Most Read from BloombergCruise Ships Seized Brief Hormuz Reopening to Flee Persian GulfHormuz Chaos, Lebanon Clashes Dent Trump Peace Deal HopesUS Seizes Iranian Ship in Blockade, Casting Doubt on Peace TalksNvidia Makes Quantum Computing CEO a Billionaire in DaysSingapore Tycoon Seeks $1 Billion From Banks for Firm’s FlopAs AI development increasi
IQiyi Inc. expects AI to create a big chunk of its films and shows virtually from scratch someday soon, a monumental industry shift that spurred the Netflix -style streaming service to begin the biggest corporate overhaul in its 16-year history. The company plans to convert its video app and website into more of a social media destination that hosts a variety of AI-generated content, founder and C...
IQiyi Inc. expects AI to create a big chunk of its films and shows virtually from scratch someday soon, a monumental industry shift that spurred the Netflix -style streaming service to begin the biggest corporate overhaul in its 16-year history. The company plans to convert its video app and website into more of a social media destination that hosts a variety of AI-generated content, founder and Chief Executive Officer Gong Yu said at iQiyi’s annual content showcase in Beijing. As part of that transition, iQiyi officially debuted the Nadou Pro tool Monday — an AI it said can handle almost every aspect of film-making from scriptwriting and storyboards to final video rendering. IQiyi aims to become one of the entertainment industry’s biggest adopters of and advocates for artificial intelligence — part of an internal effort to reverse a years-long sales slump triggered by the rise of short-video platforms like ByteDance Ltd. ’s Douyin. Gong promised to keep investing in professionally produced content, but said that kind of show will decrease as a proportion of iQiyi’s service over time. The company aims to release a commercially successful AI-generated film as soon as this summer, he added. “It’s once in a decade,” Gong told the audience in the capital. “We have to take the tide as it comes.” Read More: Why Hollywood Actors and Writers Went On Strike: QuickTake iQiyi, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. together dominate video streaming in China, though audiences are more fragmented than in the US because of short video formats. The Baidu company’s moves coincide with a debate raging in Hollywood, which is grappling with widespread layoffs and questions over how the technology will reshape the industry. From Netflix Inc. to Amazon.com Inc. , major studios are increasingly experimenting with AI technology to cut production costs and improve the quality of their work. Amazon has created an in-house team to deploy AI across its film and TV work. The Chin...
Alones Creative/iStock via Getty Images By Indrani De, CFA, PRM, Head of Global Investment Research FTSE Russell, David McNay, CFA, Director - Global Investment Research FTSE Russell, and Zhaoyi Yang, CFA, FRM, Sr Manager - Global Investment Research FTSE Russell Middle East conflict injects volatility into markets. Bonds and “ new defensives ” when sentiment is weak, but markets returning to secu...
Alones Creative/iStock via Getty Images By Indrani De, CFA, PRM, Head of Global Investment Research FTSE Russell, David McNay, CFA, Director - Global Investment Research FTSE Russell, and Zhaoyi Yang, CFA, FRM, Sr Manager - Global Investment Research FTSE Russell Middle East conflict injects volatility into markets. Bonds and “ new defensives ” when sentiment is weak, but markets returning to secular themes on de-escalation narratives: AI infrastructure, governance reform and EM. The conflict in Iran injecting uncertainty and raising stagflation risk Iran isn’t a significant oil exporter, only producing about 1.7mbpd, circa. 90% of which goes to China. However, the Strait of Hormuz is critical for global supply with circa 25% of all seabound oil (~20mbpd) passing the Strait, mostly destined for Asia. The most affected countries in Asia are South Korea and Japan, who import >85% of their energy (Source: IEA); China and India are also significant net importers of energy. China is better insulated than other Asian economies with an estimated reserve of 1.1 to 1.4 billion barrels (approx. 120 days). The most direct vector for the conflict into markets is via higher energy prices, which affect inflation. 2Y inflation swaps in the US and Europe have increased by 1% and 1.3%, respectively, since the end of February. Markets are moving to price out further central bank rate cuts; Fed Funds Futures were pricing 2 further cuts by December 2026, both of which were priced out in March. Similarly, the 2 cuts expected by the Bank of England (BOE) have been repriced as 1-2 hikes; the BoE warned 1M households already facing higher borrowing costs because of the war in Iran. At what level of oil price does demand destruction impact the economy? It is difficult to measure for a variety of factors – but we can simplify the question (at least in the US) by considering what level of gasoline price causes the US consumer to cut back? Work by the Dallas Fed after the 2022 shock would impl...