Over the past week, Alibaba Group has reported narrowing losses and stable profitability in its instant‑commerce business, accelerating AI‑driven growth in its cloud division, and secured a temporary U.S. legal reprieve from Pentagon-related lobbying restrictions. At the same time, Alibaba has tightened its AI and data-security posture, banning Anthropic tools, emphasizing in‑house platforms, and ...
Over the past week, Alibaba Group has reported narrowing losses and stable profitability in its instant‑commerce business, accelerating AI‑driven growth in its cloud division, and secured a temporary U.S. legal reprieve from Pentagon-related lobbying restrictions. At the same time, Alibaba has tightened its AI and data-security posture, banning Anthropic tools, emphasizing in‑house platforms, and adapting to evolving Chinese AI rules, while investors reassess the company’s cloud and AI...
Helen Jewell, BlackRock's fundamental equities international CIO, discusses investment in the artificial intelligence space, saying "the next few years are very clear from an AI perspective because of the amount of capital that you'll see being invested in that space." Speaking on Bloomberg Television, Jewell adds that while every capex cycle reaches the point when overspend starts to happen, that...
Helen Jewell, BlackRock's fundamental equities international CIO, discusses investment in the artificial intelligence space, saying "the next few years are very clear from an AI perspective because of the amount of capital that you'll see being invested in that space." Speaking on Bloomberg Television, Jewell adds that while every capex cycle reaches the point when overspend starts to happen, that is not the case yet. "We don't believe that we're there now." (Source: Bloomberg)
The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg Opinion's Marc Champion joins Caroline Hepker and Lizzy Burden on Daybreak Europe to discuss why he believes The war and ceasefire terms did not represent Iran's "unconditional surrender" and why the ambiguous language has allowed both sides to contin...
The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg Opinion's Marc Champion joins Caroline Hepker and Lizzy Burden on Daybreak Europe to discuss why he believes The war and ceasefire terms did not represent Iran's "unconditional surrender" and why the ambiguous language has allowed both sides to continue pursuing their war aims by other means. (Source: Bloomberg)
AI is becoming a new measure of global power, built on chips and the infrastructure that powers them. But while India has the talent and the data, it still lacks many of the critical building blocks to be a leader on frontier AI. In the first episode of Emerging, a monthly podcast series, host Menaka Doshi examines India’s AI trilemma: Can the world’s most populous country achieve AI sovereignty w...
AI is becoming a new measure of global power, built on chips and the infrastructure that powers them. But while India has the talent and the data, it still lacks many of the critical building blocks to be a leader on frontier AI. In the first episode of Emerging, a monthly podcast series, host Menaka Doshi examines India’s AI trilemma: Can the world’s most populous country achieve AI sovereignty without controlling the technology’s most advanced layers? She’s joined by Srikanth Velamakanni, co-founder of Fractal Analytics, India’s first publicly listed pure-play AI company, and Ganesh Ramakrishnan, a professor at the Indian Institute of Technology-Bombay, to explore how India hopes to turn its talent, scale and innovation into a competitive edge. (Source: Bloomberg)
France will invest €2 billion ($2.3 billion) to cut dependence on fertilizer imports in an effort to shield farmers from future supply disruptions. The government’s plan includes developing three fertilizer plants over the next decade to reduce costly imports, Sébastien Martin, the minister delegate for economy and finance, said at a press conference in Paris Thursday. France will also separately ...
France will invest €2 billion ($2.3 billion) to cut dependence on fertilizer imports in an effort to shield farmers from future supply disruptions. The government’s plan includes developing three fertilizer plants over the next decade to reduce costly imports, Sébastien Martin, the minister delegate for economy and finance, said at a press conference in Paris Thursday. France will also separately allocate €145 million as part of an emergency plan to support farmers facing Iran war disruptions, said Agriculture Minister Annie Genevard. The conflict in the Middle East “is more than a spark, it’s been a tsunami,” said Genevard. “We are facing a real crisis regarding yields and farmers’ treasuries have been in the red for three years, so the situation is extremely urgent.” Farmers are under pressure from soaring energy and fertilizer costs as the war chokes supplies from the Persian Gulf region. The price surge risks forcing farmers to cut back on fertilizer use. That could undermine crop quality. In June, the European Commission announced plans for a €540 million financial relief package to help farmers who need to buy fertilizers. France has so far secured €38 million in national loans, along with €107 million from the EU aid package, Genevard said.
Fewer Hong Kong university entrance exam candidates reported high stress levels compared with last year, but nearly 40 per cent cited artificial intelligence (AI) and the economic outlook as their top sources of stress, a survey has found. Releasing the findings of its “Further Education Planning Survey” on Thursday, the Hong Kong Federation of Youth Groups attributed the pressure to concerns that...
Fewer Hong Kong university entrance exam candidates reported high stress levels compared with last year, but nearly 40 per cent cited artificial intelligence (AI) and the economic outlook as their top sources of stress, a survey has found. Releasing the findings of its “Further Education Planning Survey” on Thursday, the Hong Kong Federation of Youth Groups attributed the pressure to concerns that AI would increasingly replace entry-level jobs. The poll surveyed 1,241 secondary students,...
J Studios/DigitalVision via Getty Images AI infrastructure company Cerebras Systems ( CBRS ) is significantly expanding its presence in Europe with plans to launch its first regional data center capacity by the end of 2026. According to a statement from the company cited by AFP , Cerebras plans to invest several billion dollars in Europe as part of the expansion. The company said it will rapidly b...
J Studios/DigitalVision via Getty Images AI infrastructure company Cerebras Systems ( CBRS ) is significantly expanding its presence in Europe with plans to launch its first regional data center capacity by the end of 2026. According to a statement from the company cited by AFP , Cerebras plans to invest several billion dollars in Europe as part of the expansion. The company said it will rapidly build out infrastructure across France and the Nordic region, targeting 200 megawatts of total capacity by the end of 2027. A portion of that capacity is expected to support OpenAI ( OPENAI ) workloads under the companies' existing partnership. "We are contracting significant capacity for 2027, with data centers slated for Norway and Finland as we actively build across Europe," said Cerebras co-founder and CEO Andrew Feldman. “These deployments will enable us to move decisively on what our customers have been asking for: fast, high-performance AI compute located in Europe." Cerebras made a blockbuster Nasdaq debut in May, with shares opening at $350 after pricing its IPO at $185, marking one of the highest IPO prices on record. Sunnyvale, California-based Cerebras, which develops AI chips and AI infrastructure systems, sold 30M shares in the offering. The company claims its flagship Wafer-Scale Engine 3 (WSE-3) is the world's fastest commercially available AI processor. The company claims the chip is 58 times larger than the leading GPU and delivers AI inference up to 15 times faster than Nvidia's ( NVDA ) GPU-based systems while using a fraction of the power per unit of compute. Its current customers include many of the top AI companies in the world, such as OpenAI ( OPENAI ), Amazon Web Services ( AMZN ), Meta Platforms ( META ), and IBM ( IBM ). CBRS shares were up nearly +4% premarket. More on Cerebras Systems Inc. Cerebras Systems: OpenAI, AWS And The Case For A Buy Rating Cerebras: The Technology Is Real, But So Are The Risks Cerebras: Gets Appealing Below IPO Price Ce...
Local media in Hengzhou report king ratsnakes and cobras among hundreds in flood waters caused by typhoon Maysak Hundreds of snakes, including cobras, have escaped from flooded breeding farms in southern China as severe storms continue to batter parts of the country. State media reported that a snake farm in Hengzhou, in Guangxi Zhuang autonomous region, was hit by flood waters after days of heavy...
Local media in Hengzhou report king ratsnakes and cobras among hundreds in flood waters caused by typhoon Maysak Hundreds of snakes, including cobras, have escaped from flooded breeding farms in southern China as severe storms continue to batter parts of the country. State media reported that a snake farm in Hengzhou, in Guangxi Zhuang autonomous region, was hit by flood waters after days of heavy rainfall caused by typhoon Maysak , prompting warnings for nearby residents. Continue reading...
gonin Columbus Circle Capital III ( CCCT ) priced its IPO of 20M units at $10.00 per unit, raising gross proceeds of $200M. Columbus Circle Capital III is a special purpose acquisition company (SPAC) that intends to pursue business combinations across North America, EMEA, and Latin America, focusing on sectors including AI and digital infrastructure, sports, media and entertainment, energy transit...
gonin Columbus Circle Capital III ( CCCT ) priced its IPO of 20M units at $10.00 per unit, raising gross proceeds of $200M. Columbus Circle Capital III is a special purpose acquisition company (SPAC) that intends to pursue business combinations across North America, EMEA, and Latin America, focusing on sectors including AI and digital infrastructure, sports, media and entertainment, energy transition, mining, and cryptocurrency. The units are expected to begin trading on the Nasdaq under the ticker CCCTU. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50. T he Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "CCCT" and "CCCTW," respectively. The underwriters have a 45-day option to purchase up to an additional 3M units. The closing of the offering is anticipated to take place on or about July 10, 2026. More on Columbus Circle Capital Corp III Financial information for Columbus Circle Capital Corp III
Arbitrage desks looking to trade SK Hynix Inc. ’s new American depository receipts are dusting off playbooks from Taiwan Semiconductor Manufacturing Co. But many say the comparison only goes so far. Unlike TSMC, whose ADRs have decades of trading history that provide investors with a sense of where the premium to local shares tends to settle, SK Hynix’s ADRs begin trading for the first time on Fri...
Arbitrage desks looking to trade SK Hynix Inc. ’s new American depository receipts are dusting off playbooks from Taiwan Semiconductor Manufacturing Co. But many say the comparison only goes so far. Unlike TSMC, whose ADRs have decades of trading history that provide investors with a sense of where the premium to local shares tends to settle, SK Hynix’s ADRs begin trading for the first time on Friday. That leaves arbitrage investors without a historical benchmark for what constitutes a normal premium, making it far harder to judge when a spread is attractive or stretched. The challenge extends beyond the lack of price history. SK Hynix has become one of Asia’s most volatile large-cap stocks, regularly posting outsize daily swings as investors pile into AI-linked memory names and leveraged products tied to the shares. Those sharp moves increase the gap risk — the danger that the ADR and Seoul-listed stock diverge significantly from the trend the arbitragers were betting on. “With SK Hynix’s volatility, the gap risk is much higher,” said Alex Au , managing director at Alphalex Capital Management HK Ltd., who traded TSMC’s ADR spread for years. “So for someone putting on this trade to capture the premium, you’d demand higher returns.” Another uncertainty is the extent to which Seoul-listed shares can be converted into American depository receipts. According to a July 6 filing, holders of the US instruments will be able to cancel them and receive the corresponding number of Seoul-traded shares. But investors may not be able to later exchange the common stock for ADRs as such a transaction could require approvals such as permission from Korean regulators. Read more: SK Hynix ADR Plans Leave Arb Traders Waiting on One Key Answer By comparison, traders have years of experience with TSMC’s partially fungible shares. Even though the spread has widened during the AI boom, investors have historical patterns to help assess when premiums become excessive and are likely to mean-r...