Finance news

The AI cold war needs a nonalignment movement

Dax current: Dax is in the red – Zalando shares are falling sharply

Negative media reports about Open AI and Apple pushed the German leading index downwards at the end of the week. In the afternoon, investors will also be looking at new economic figures from the USA.

China keeps an eye on AI smart glasses as privacy concerns come into focus

China has issued the first industry code of conduct for smart glasses powered by artificial intelligence, following public outrage over videos taken by users covertly filming strangers with the increasingly popular devices. The voluntary code calls on smart eyewear manufacturers to adopt a “minimum data collection” approach, provide clear indicators when cameras or microphones are active, and obtain explicit user consent before recording. The guidelines were released on Thursday by the China...

SoftBank shares slipped over 12% on concerns of OpenAI IPO delay

GPT 5.6: US government could force OpenAI to pre-test new AI models

The Trump administration wants to prevent powerful AI systems from falling into the wrong hands. According to a report, OpenAI will also initially restrict access.

OpenAI IPO: OpenAI is likely to postpone its IPO until 2027

OpenAI's mega IPO could now wait until next year. The reason is said to be uncertain times on the technology market.

Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents

Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.

Start-up check: Spatial AI from Munich: SE3 Labs gives autonomous systems spatial intelligence

SE3 Labs offers hardware-independent software for autonomous systems. Money for this comes from Lakestar, among others. Hensoldt is already cooperating with the Munich start-up.

Nikkei and Topix: Tech worries after Apple price increases push Asian stock exchanges into the red

In Tokyo, a media report about a possible postponement of OpenAI's IPO caused a bad mood. The Nikkei is giving way.

Michael Burry Bought Microsoft. Interesting Timing

I don't usually care what famous investors buy. But Michael Burry buying Microsoft caught my attention. Not because I'm about to copy him. Because Microsoft has probably been one of the least popular mega-cap tech stocks over the last few months. Everyone's been talking about NVDA, MU, PLTR or even SpaceX. Meanwhile, Microsoft has quietly dropped while people keep asking if all the AI spending is ever going to pay off. That's exactly when value investors usually start paying attention. I'm not s

The $7 Trillion AI Boom Is Running Out of Power

Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, high-voltage connection to the electrical grid that can deliver $100-500 million worth of juice to a new data center. Right now, the largest, richest companies on Earth—Google, Microsoft, Amazon—are in an unprecedented global land rush for energy. They are competing with small cities, massive manufa

IPO: OpenAI leans towards postponing IPO to 2027, according to report

According to a newspaper report, advisors are said to have warned Sam Altman to wait before making his IPO debut. Alternatively, he could deviate from the required assessment.

ON Semiconductor strikes $7 billion deal for Synaptics in physical AI push

ON Semiconductor said the deal bumps up its total addressable market by $30 billion, to $243 billion by 2030.

HKEX pushes deeper into index business as AI reshapes Hong Kong market

Hong Kong Exchanges and Clearing (HKEX) is expanding into the index business with plans to launch more proprietary benchmarks and related investment products, as traditional market gauges have lagged regional peers during the artificial intelligence-driven technology rally. The operator of Hong Kong’s stock exchange will debut the first exchange-traded fund (ETF) tracking its HKEX Tech 100 Index on Friday. The index, launched on December 9, tracks the 100 largest technology companies listed in..

Why Hong Kong’s bilingualism is uniquely indispensable in the AI era

Last week, while preparing a lecture on the visual culture of the Global South, I caught Google’s Gemini in a double hallucination. Cross-referencing a historical event between English and Chinese data sets, I found the English AI to be authoritative but inventing citations. In Chinese, the fabrications vanished but so did global context, replaced by an insular perspective. Disturbingly, the system cloaked Chinese content in English citations, creating a deceptive authenticity that made the...

Toshiba's lost crown jewels: Kioxia, US nuclear power soar in AI era

US hearing warns Chinese economic espionage now targets AI

The United States has been asleep for decades as China undercut US economic strength by stealing ideas, technologies and, more recently, artificial intelligence advances, with the Chinese military first in line to benefit, according to testimony heard by a congressional committee on Thursday. The hearing by the House Select Committee on China, which focused on economic espionage and Chinese efforts to exert influence at state and local levels, was held amid mounting bilateral tension over export

Why Palantir’s stock is having its worst month in years — even in the midst of an AI boom

Down over 30% since the beginning of June, shares of Palantir just hit a new 52-week low

To what extent do you use AI to help you?

Is it more of a time saver? Or do you think it has given you an edge/special insight? Or something else? The things I hear people do with say Claude code makes be intrigued to hear how retail is leveraging AI. And whether it’s offering anything that really moves the needle. submitted by /u/mrlebusciut [link] [comments]

US is ‘superhero’, China ‘supervillain’ in global AI contest, American officials warn

US House Foreign Affairs Committee Chairman Brian Mast warned that “America is the superhero” and China the “supervillain” in the contest for global artificial intelligence (AI) leadership on Thursday, just two days after US Treasury Secretary Scott Bessent said America’s “biggest risk” on AI is China getting ahead. The United States and China remain locked in an increasingly competitive race for worldwide AI supremacy, with many American officials concerned that China is eroding the US’ early..

Chan Zuckerberg Initiative's Biohub to open new rare disease funding round

Chan Zuckerberg Initiative's Biohub will offer new grants to the rare disease community while expanding its AI drug repurposing partnership with Every Cure.

Army Air Assault brigade found AI tools ill-suited to tactical planning

“Large language models don’t really understand three-dimensional space. And so they’re not good for developing course of action,” said Col. Ryan Bell.

US assures India over AI ‘kill switch’ as ‘Pax Silica’ expands in bid to counter China

The United States has assured India that future artificial intelligence models will not be “cut off” days after Washington abruptly banned Anthropic’s advanced models on national security grounds, a senior Indian official told the South China Morning Post on Thursday. “There was an understanding, and something that they [US officials] certainly mentioned, that access to technology, once it is provided, will not be cut off. I think that was an assurance,” said S. Krishnan, secretary of India’s...

Amateur investors are changing how the stock market works. That’s creating opportunities for those who know where to look.

The rise of the retail investor is making the market less efficient — and AI is compounding the problem, according to a quant at Goldman Sachs.

DeepSeek hiring spree: Chinese AI firm seeks newcomers as it pursues AGI

DeepSeek is looking to “at least double the size of every department” in a new hiring spree, according to an announcement made by the Chinese AI champion on Thursday. The firm announced openings in 33 positions across seven major categories, including full-stack development and algorithms, artificial intelligence (AI) core system R&D, deep learning research, and model data strategy product management and engineering. “DeepSeek’s hiring philosophy is to let newcomers take on the most core and...

AI Boom Forces Tennessee to Plan Massive Natural Gas Expansion

The Tennessee Valley Authority released its preliminary 2026 integrated resource plan on Monday, saying load growth in its footprint is already outpacing the reference case forecast in its draft IRP, and that it has incremental capacity needs for between 7 GW and 26 GW of natural gas between now and 2040. “TVA’s actual and forecasted electricity demand has increased relative to the draft IRP’s Reference scenario and is approaching the Higher Growth Economy scenario primarily due to data center g

AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction. A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield

Money market fund vs Blue chips vs all-world ETF

Goal is waiting for a good entry after yet another crash. So as far as I see it, my options are: Money fund for around 3% returns (Euro based one, I know the Dollar would be at 4%) Buy blue chip stocks (insurances, consumer goods, real estate), either directly for dividends or as CSPs for Theta All world ETF As far as I see it, the money fund is the preferable option if you have no idea what the next market crash might look like. China takes Taiwan, AI bubble, unexpected economy numbers, whateve

Chinese physical AI start-up proposes new paradigm that bypasses OpenAI, Meta road maps

A Chinese physical AI start-up has launched a new world model designed to simulate reality by embedding the laws of physics directly into its code – a departure from the data-driven approaches favoured by American tech giants like OpenAI and Meta Platforms. Shanghai-based Fysics AI announced the launch of the Fysiverse, which it described as a “new-generation physics-based world model that adheres to real-world physical laws”, in a post on its WeChat social media account on Wednesday. The...

SpaceX is a bad buy — why OpenAI and Anthropic will be too

Overhyped IPOs are usually terrible bets. That doesn’t mean the bull market is over.