Daily archive
14 stories from 3 outlets. Times show when each story first broke, in UTC.
Howard Marks, co-chair of Oaktree Capital Management, said in a Bloomberg TV interview that recent AI-related market stumbles have somewhat burst the bubble of infallibility around the sector. The comments were made in an interview with Bloomberg TV.
#OpenAI signed agreements during Sam Altman's visit to the United Arab Emirates to deploy its technology across energy companies, investment firms and government agencies. The deals deepen OpenAI's ties to the country as it seeks billions of dollars in funding from state-backed investors.
#The North Korean group accused of the world's largest-ever crypto heist is a state-sponsored collective of elite hackers. Artificial intelligence now gives the group a powerful new tool to fund Kim Jong Un's military expansion.
#Hong Kong listing candidates are disclosing cross-investments and personal connections in their IPO filings. Regulators are stepping up scrutiny of structures that could distort the market.
#A Bloomberg Technology video examines options for shielding investors from a possible AI bubble. No written summary accompanies the video.
#An executive at Macquarie says junior research staff at Macquarie Capital need not worry too much about AI taking their jobs. The comments were reported by Bloomberg Technology.
#Amy Lo, Asia Chairman at UBS Global Wealth Management and CEO of UBS Hong Kong, says the bank is hiring selectively. She describes Asia Pacific as a strong growth region, speaking at the Women Chief Executives Summit in Hong Kong.
#Capital Group Vice Chair Jody Jonsson says the asset manager will formally open its Middle East office in November. She cites investment opportunities and a source of client wealth, speaking at the Women Chief Executives Summit in Hong Kong.
#STT GDC Pte. is negotiating a S$3.1 billion ($2.4 billion) syndicated loan with banks, according to people familiar with the matter. The deal reflects how the AI boom is driving debt demand among companies building data center infrastructure.
#Kioxia Holdings shares fell as much as 15% on Monday after the Japanese memory maker's cautious outlook disappointed investors. The decline has raised concerns that the rapid growth driven by artificial intelligence may be leveling off.
#Bloomberg Technology reports that the two publicly traded record labels are struggling to attract investor interest. The piece frames this as a $20 billion public market problem for the music industry.
#Jackery announced the Explorer 100D, a portable power station using lithium iron phosphate batteries the company first introduced in 2023. At 4.6 by 3.4 by 3.4 inches, it is the smallest power station Jackery has made.
#Mihoko Matsubara, Chief Cybersecurity Strategist at NTT, discusses the risks in a recent wave of cyberattacks in Japan. The attacks have targeted the government, banks and conglomerates' cyber infrastructure. She spoke on Bloomberg: The Asia Trade.
#TechCrunch has compiled five stories from sister publications CIO, Computerworld, Macworld and PCWorld. The roundup is a curated list of reading recommendations.
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