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Bloomberg38d agobearish
JPMorgan’s Faller Sees AI Opportunities Beyond Big Tech Stocks

(Bloomberg) -- Investors should look across the entire artificial intelligence value chain rather than focus on Big Tech alone, according to JPMorgan Private Bank’s Madison Faller. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion‘We Faltered’: IBM Plunges Most S

Bloomberg38d agobullish
KKR Markets Debt Backed by PayPal’s Buy Now, Pay Later Loans

(Bloomberg) -- KKR Inc. has started marketing a debt deal tied to PayPal Holdings Inc.’s buy now, pay later business in Germany, the first of its kind in Europe.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion‘We Faltered’: IBM Plunges Most Since at Least 1968 o

ASML financial guidance includes Terafab plans, CFO says
Reuters38d agoneutral
ASML financial guidance includes Terafab plans, CFO says

Top computer chip equipment maker ASML said its ‌capacity expansion plans in 2027 and ‌2028 unveiled on Wednesday along with second-quarter earnings ​take into account demand for its tools from Elon Musk's planned Terafab chip production facility in Texas. "We're in dialogue with ‌all our ⁠customers and we know ... what their building plans are," Chief Financial ⁠Officer Roger Dassen said on a call.

Meta employees allege discriminatory AI-driven layoffs
AFP38d agobearish
Meta employees allege discriminatory AI-driven layoffs

Twenty-six Meta employees have filed a lawsuit accusing the tech giant of using artificial intelligence to select workers for mass layoffs, a claim strongly denied by the trillion dollar company.According to the lawsuit, filed in Oakland, California on Monday Meta used AI systems to "score, rank, and select employees" to be laid off rather than "the considered judgement of managers who knew the work" while disproportionately targeting those on medical or family leave.

Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO
Reuters38d agobullish
Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO

Chinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led upcycle and Beijing's ambition to be technologically self-sufficient. The share offering ‌by CXMT, or ChangXin Memory Technologies, will be Asia's biggest share sale so far this year. Wu Zhou, a fund manager at Shenzhen Deyuan Investment, said he will bid for new CXMT shares, betting that China's top memory chipmaker will ​one day take market share from global giants like South Korea's Samsung Electronics and SK Hynix.

Bloomberg38d agoneutral
Apple Gets Approval for Alibaba-Powered iPhone AI Tools in China

(Bloomberg) -- Apple Inc.’s on-device artificial intelligence system got its long-awaited approval for release in China, integrating Alibaba Group Holding Ltd.’s Qwen AI into the iPhone experience.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion‘We Faltered’: IB

Explainer-What is CXMT and how did it become China's DRAM champion?
Reuters38d agoneutral
Explainer-What is CXMT and how did it become China's DRAM champion?

China's ChangXin Memory Technologies (CXMT) expects to raise at least 57.9 billion yuan ($8.6 billion) this month in an initial public offering on Shanghai's Nasdaq-style STAR Market in what would be Asia's largest share sale so far this year. The offering, which could rise to ‌66.6 billion yuan if the over-allotment option is exercised, would mark a major milestone for a company that has grown to become China's leading maker ‌of DRAM memory chips and a symbol of Beijing's push toward technological self-reliance. Below are some facts about CXMT and why it is capturing investor attention.

ASML's Guidance Is Better Than Expected
Barrons.com38d agoneutral
ASML's Guidance Is Better Than Expected

ASML Holding's sales and margin forecasts for the current quarter are above expectations, Jefferies analysts wrote in a note to clients. The Dutch supplier of semiconductor-making equipment is projecting sales between 11 billion and 12 billion euros in the third quarter.

Apple Intelligence AI service registered with China's cyberspace regulator
Reuters38d agoneutral
Apple Intelligence AI service registered with China's cyberspace regulator

China's cyberspace ‌regulator said on Wednesday ‌that Apple's on-device generative AI service "Apple Intelligence" ​has been registered for use on iPhones in the country. Apple's intelligence services will incorporate capabilities from Baidu ‌and Alibaba's AI ⁠models, according to a source, who declined to be ⁠named. Apple did not immediately respond to an emailed request for comment.

Bloomberg38d agoneutral
Google Search AI Poses ‘Unacceptable Risk’ to Kids, Report Finds

(Bloomberg) -- The artificial intelligence features built in to Alphabet Inc.’s Google Search pose an “unacceptable risk” to children, according to a new report from the Youth AI Safety Institute at Common Sense Media, a California-based nonprofit.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screen

Bloomberg38d agoneutral
China Hedge Funds That Won Big on AI Start Looking for Exits

(Bloomberg) -- Chinese hedge funds that made hefty gains on artificial intelligence-linked stocks this year are starting to dial back their exposure, telling investors they are on high alert for signs the rally is becoming unsustainable. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureOpenAI’s First Device Will Be Movable, Screenless Speak