Japanese Prime Minister Sanae Takaichi announced an emergency cybersecurity package on Friday, seeking to spearhead a more proactive stance to counter cyberattacks following a spate of security breaches that have rocked Japan Inc.
Max Kettner, chief multi-asset strategist at HSBC Bank, discusses the global stocks rout as uncertainty around the AI trade mounts. Market stabilization could hinge on the Anthropic IPO, Kettner tells Bloomberg Television. "Let's see in the next two weeks if that goes through, that will give us some sort of relief," he says. (Source: Bloomberg)
Property platforms Rightmove Plc and Scout24 SE both raised their outlooks, saying artificial intelligence-powered products are helping them unlock new revenue streams and steer through subdued housing markets.
Anneka Treon, global head of private banking, wealth management and investments at ING, says companies across technology and other industries continue to report tangible value from AI and a desire to invest further, indicating strong demand. "Has all of that been derailed because of the news of the last two days? I think that would be a bit overstated," she tells Bloomberg Television. (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
The South Korean won and Taiwan dollar offer buying opportunities after the artificial intelligence-driven equity selloff, according to Bank of America Corp.
Europe’s diversified stock market has suddenly become one of the most attractive trades around, as global investors seek to shed artificial intelligence exposure.
SoftBank Group Corp. founder Masayoshi Son and other tycoons across Asia saw billions erased from their fortunes as a global tech selloff rippled through their companies on Friday.
The global stock selloff worsened in Asia, with Japan’s benchmark dropping the most in more than a year, on concern the US will tighten regulations on the artificial intelligence industry after Democrats’ decisive election win. Bloomberg's Anthony Stephens has the latest. (Source: Bloomberg)
Hedge fund managers, brokers and wealthy investors in Asia had a hectic Friday as the sharp selloff in equities reignited fears that the unwinding of AI bets is far from over.
The backlash against data centers evident in this week’s US midterm elections may open the door for Australia to provide more computing capacity, according to Macquarie Group Ltd.’s outgoing chief executive officer.
For months, investors touted Indian equities as a place to hide if the global artificial-intelligence trade unraveled. This week, that thesis has played out.
Thursday’s market selloff was the result of investors conflating the transformational potential of artificial intelligence with the investment return thesis, said David Allen, head of long/short strategies at Plato Investment Management.
Niles Investment Management Founder and veteran tech investor Dan Niles says competition from open-source models is weighing on token prices and slowing revenue growth at leading artificial intelligence companies. He argues that steeper financing costs and postponed public listings mean valuations must adjust, requiring investors to be more selective rather than looking at all AI-linked assets as possible investment opportunities. (Source: Bloomberg)
Revolution Asset Management Managing Director and Chief Investment Office Bob Sahota discussed his firm’s conservative approach to private credit, emphasizing cash-flow based lending. He also discussed why the firm isn't betting on data centers or picking AI winners, on the sidelines of the Sohn Hearts & Minds Conference in Queenstown, New Zealand. (Source: Bloomberg)
China could face “severe economic headwinds” if the Democratic Party’s sweeping midterm victory slows the US’s artificial intelligence buildout, Bloomberg Economics says — just as tech stocks across Asia slump on tech worries.
David Allen, Head of Long/Short Strategies at Plato Investment Management, discusses the region's market selloff as the AI slump deepens and where he sees opportunities in the technology sector. He speaks with Haidi Stroud-Watts on the sidelines of the Sohn Hearts & Minds conference in Queenstown, New Zealand. (Source: Bloomberg)
Richard Howes, Managing Director at Hearts & Minds Investment, discusses the investment opportunities in the private credit markets. He speaks with Haidi Stroud-Watts on the sidelines of the Sohn Hearts & Minds conference in Queenstown, New Zealand. (Source: Bloomberg)
Asian stocks slumped after a post-election rout in chipmakers deepened on Wall Street amid growing concern that Democrats will seek tighter regulation of the artificial intelligence industry. Bloomberg's Paul Dobson has the context. (Source: Bloomberg)
