Daily archive
10 stories from 3 outlets. Times show when each story first broke, in UTC.
Jio Platforms shares rose as much as 23% in their trading debut after the record $3.1 billion IPO, India's largest. The listing puts Jio on track to become the country's second-most valuable listed company.
Also covered by Bloomberg Technology
#Raja Akram discussed earnings, the AI boom and the outlook for markets in an interview with Bloomberg. Deutsche Bank's fixed-income trading revenue fell in the third quarter but met analyst estimates.
#One of England's top judges, Master of the Rolls Geoffrey Vos, believes AI could decide many civil cases. He says the central question is where the line should be drawn for AI adjudication.
#A new survey finds that under-30s are still skeptical of dating apps that use artificial intelligence. The findings suggest dating companies adapting products for younger users may face resistance.
#Zhang Yaqin, chair professor and founding dean of AI Industry Research at Tsinghua University, discusses his outlook for AI innovation from Chinese university labs. He spoke with David Ingles on the sidelines of the One Earth Summit in Hong Kong.
#A new Bloomberg Intelligence report says China is well placed to lead the world by 2030 in the large language models at the core of artificial intelligence. The report also expects China to be at least competitive in every other strategically important technology.
#OpenAI intends to purchase artificial intelligence computing chips from Alphabet's Google, according to a person familiar with the matter. The move is part of broader efforts by the ChatGPT maker to expand its AI infrastructure.
#Zankore, an Indonesian artificial intelligence infrastructure platform backed by Nvidia, is syndicating a $3.1 billion loan to the broader market, according to people familiar with the matter. The financing adds to a flurry of deals supporting Asia's AI buildout.
#Toronto-based fintech Wealthsimple agreed to raise as much as C$425 million in an equity round. The round values the company at C$13.8 billion ($9.8 billion), according to a Tuesday statement.
#ASMPT Ltd. reported its fastest revenue growth of the year on surging AI hardware demand. A slight miss in its semiconductor division showed the high bar analysts have set for the chip-equipment maker.
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