Finance news

Hong Kong tech chief warns AI will unleash ‘greatest industrial revolution’

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong’s tech chief has warned that AI will “exceed all previous industrial revolutions” and heavily impact graduates and workers in traditional sectors, while pledging to accelerate training and industry development to create new jobs. Secretary for Innovation, Technology and..

South Korean exports hit monthly high on booming AI chip demand

CNBC Daily Open: AI demand fuels investors' portfolios while oil posts biggest monthly decline

The tech space continues to be fueled by rising artificial intelligence demand, with investors piling their portfolios in the technology, while Amazon Web Services dabbles with Forward Deployed Engineering units to better compete with OpenAI and Anthropic.

Artificial Intelligence: USA lifts block on Anthropic's AI models

OpenAI rival Anthropic had to block access to its leading models because the US government feared a security risk. Now, after tough negotiations, there is a solution.

Artificial Intelligence: US government lifts block on Anthropic's AI models

OpenAI rival Anthropic suddenly had to block access to its best AI model because the US government feared a security risk. Now there is a solution.

The AI Revolution Needs Electricity More Than Intelligence

No generation in human history has experienced an infrastructure buildout of this speed and scale. Over the next several years, trillions of dollars will be poured into what industry leaders increasingly describe as AI factories: sprawling campuses filled with advanced processors, networking equipment, cooling systems, and enough electrical demand to rival major cities. McKinsey estimates AI-related infrastructure spending could exceed $5 trillion by 2030, while JLL projects developers may requi

China-linked actors target more than technology as AI competition with U.S. intensifies

Cyberattacks from China-based entities are on the rise and not just targeting specific tech, analysts warn, as the U.S. AI race intensifies.

Jim Cramer says the AI trade has shifted — and these stocks are leading now

CNBC's Jim Cramer said Wall Street is rewarding the companies supplying the artificial intelligence boom rather than the technology giants funding it.

Investors piled into ETFs at a record pace in the first half of 2026. Here’s where their money is flowing.

Investors have poured money into exchange-traded funds at a rapid pace in the first half of 2026, demonstrating an unrelenting appetite for stocks associated with the AI theme.

The great AI reckoning: how China is flipping the script on US’ new industrial revolution

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Vincent Chow looks at how China challenges core American assumptions about innovation and technology, and the historical stakes of their competition in artificial intelligence. In 1969, the renowned British sinologist Joseph Needham

Quick Recap of June Markets and News

NOT AI b/c the auto mod thinks it is :( U.S. stocks ended June 2026 slightly lower, influenced by a stabilizing Middle East, with peace proposals being advanced among major powers, including Israel, the United States, and Iran, to open the Strait of Hormuz and end hostilities. New Federal Reserve chair Kevin Warsh presided over his first FOMC meeting, where the committee kept rates flat but hinted toward interest hikes later in the year. The S&P 500 lost 1.06% and is now up over 9% year-to-date.

ChatGPT is ready to connect to your bank accounts. Should you let it in?

OpenAI is letting users link their bank accounts to its chatbot, but cybersecurity experts have safety concerns. Here’s what you should know.

Michael Burry says he's shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026

"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It has always done great for me on the long side in the past."

Palo Alto, CrowdStrike both have best quarter ever as AI threats bolster cyber demand

The cybersecurity leaders are leaning into identity security, a critical cyber segment, as AI agents outnumber humans

Anthropic launches AI drug discovery program, joining tech giants in betting on healthcare

Anthropic will start an internal drug discovery program, part of a new push to sell artificial intelligence tools to drugmakers.

Japan backs SoftBank-led AI models with up to $6.2bn in chasing US, China

Amazon is laying out $1 billion to follow Palantir’s AI playbook

Packages aren’t the only thing Amazon.com is delivering: The company is now sending engineers directly to clients in order to bolster artificial-intelligence adoption.

The Worst Investment Advice I Heard This Week

After the AI sell-off this week, I saw people saying: "Don't worry. Everything always comes back." Maybe. But not every stock deserves to. That made me realize there's a big difference between: Holding a great company through volatility... ...and refusing to admit you bought the wrong stock submitted by /u/fersati [link] [comments]

Cleveland Fed President Hammack says AI could fuel inflation, rate hikes may be necessary

"We've got inflation that's too high, and it's been too high for the past five years," Beth Hammack told CNBC's Sara Eisen.

AWS puts $1 billion into new AI unit to embed engineers with customers, joining growing wave

AWS FDEs will look to leave behind self-sufficient teams with new AI solutions and capabilities in a matter of weeks, the company said.

Overland AI nets Marine Corps autonomous ground vehicle contract

The autonomous ground vehicle is not intended to replace the JLTV, according to Overland AI CEO Byron Boots.

White House AI crackdown opens door for China to close gap

The Trump administration's crackdown on Anthropic's leading artificial intelligence models is looking like a gift to China.

Pentagon seeks to hire ‘hundreds’ of software engineers for 2-year tours

Building on the ongoing, government-wide Tech Force hiring initiative, the new War Force effort announced today will emphasize attracting AI talent, a defense official told Breaking Defense.

Nvidia to boost its China robotics team amid emergence of physical AI

US chip giant Nvidia is ramping up a talent drive for its robotics team in China, a market whose vendors account for the lion’s share of global shipments. The Silicon Valley firm is recruiting for more than a dozen roles across Beijing, Shanghai and Shenzhen, according to a post on its official WeChat account on Monday. The positions span four key domains: embodied intelligence, simulation, implementation and solutions. Nvidia said its robotics team planned to build a “leading robotics platform.

Sulaiman Ahmed predicting a stock market crash worse than 2008. Should covered ETF investors be worried?

https://www.youtube.com/live/rWN53Qu1Kq4?si=pvy0cV4OqIJlcPRy At the 34 minute mark. This was on his podcast with Larry Johnson. Guys, Im gonna be honest, all this talk of a crash is giving me severe anxiety. I have not really experienced a crash unless you count the 2020 market crash. I am mainly invested in covered call ETFs such as QDAY, BANK, PAYG. Like many others I am constantly hearing about incoming market crash, AI Bubble popping and its starting to get me worried like oh wait I dont eve

Why the AI future won’t be decided by algorithms and chatbots

When people talk about the race for artificial intelligence, they usually focus on software. Headlines revolve around ChatGPT, Gemini, DeepSeek or the latest breakthrough model. Governments announce AI strategies and investors pour billions into start-ups promising to transform everything from medicine to education. Nonetheless, the most consequential battle in the AI age may not be over algorithms at all. It may be over the machines. Behind every chatbot response and AI-generated image lies a..

Asean hopes to tap Greater Bay Area’s tech skills with closer ties: industry chiefs

Asean countries are looking to deepen supply chain integration with the Greater Bay Area to tap expertise in the region’s advanced technologies and manufacturing, with Hong Kong also poised to benefit, industry leaders and officials have said. Panellists at the South China Morning Post’s GBA-Asean Summit 2026 highlighted artificial intelligence (AI) and green technology as key areas for cooperation, while stressing the importance of open data flows and shared digital standards. Tuesday’s summit.

20 stocks in the S&P 500 that plunged the most in 2026’s first half

These companies were hit hard as investors worried about eventual losses of market share to AI tools.

The big surprise for the year’s second half could be the AI trade powering higher. Why it wouldn’t take much.

HSBC strategists say persistent scrutiny of the artificial-intelligence trade could be met with surprise this year, if valuations of those stocks start to climb again.

Chip supply chain braces for more price hikes as upstream parts create new bottlenecks

The AI-driven price surge in the semiconductor supply chain is spreading beyond graphics processing units (GPUs) and memory chips to upstream materials and manufacturing inputs, creating new bottlenecks that could slow the buildout of global artificial intelligence infrastructure. Suppliers of once less-visible parts are gaining leverage as customers compete for limited capacity. These range from power chips and capacitors that regulate electricity inside AI data centres, to copper-clad...