Asia tech, chipmaking stocks surge on OpenAI cheer
Investing.com– Asian technology and chipmaking stocks rose on Wednesday, fueled largely by renewed optimism over artificial intelligence-fueled demand after OpenAI announced a massive infrastructure project in the U.S. Tech stocks in Japan, Taiwan, and South Korea were the best performers, with
Australia stocks higher at close of trade; S&P/ASX 200 up 0.33%
Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the IT, Gold and Industrials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.33% to hit a new 1-month high. The best performers
Google invests another $1 bln in OpenAI competitor Anthropic, FT reports
Investing.com– Google (NASDAQ:GOOGL) has invested an additional $1 billion into Anthropic, a leading AI start-up and OpenAI’s rival, the Financial Times reported on Wednesday citing sources familiar with the matter. The move strengthens Alphabet-owned (NASDAQ:GOOG) Google’s position in the AI race
China CATL’s shares dip after it warns of revenue fall, slowing profit growth
BEIJING (Reuters) – Shares in CATL, the world’s largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace
Indonesia close to deal to lift Indonesian iPhone 16 ban, Bloomberg News reports
(Reuters) – Indonesia is close to a deal with Apple Inc (NASDAQ:AAPL) over an investment plan that could lift a ban on iPhone 16 sales in the country, Bloomberg News reported on Tuesday, citing an interview with investment minister Rosan