World News by Wild Rose

As Hong Kong and Singapore compete for leadership in businesses ranging from foreign exchange trading to wealth management, the battleground has extended to artificial intelligence, with both cities vying to attract investment from HSBC Holdings and other major corporations, according to industry players. The issue came into focus after the Hong Kong Monetary Authority (HKMA) questioned HSBC about its decision to set up an AI centre in Singapore, despite Hong Kong being its single largest...

Copper steadied as a rally in tech-related stocks held near record highs on optimism about the artificial intelligence boom.

An Nvidia-backed US start-up has unveiled an open-weight model to challenge China’s dominance in freely available artificial intelligence, releasing a system that early third-party testing suggests could be one of the most token-efficient open models in its class. Reflection AI on Monday debuted Beam, its first open-weight model built for coding, reasoning and agentic tasks. The US firm said Beam was “competitive” with GLM-5.2 from Z.ai – also known as Zhipu AI – and was “approaching” Alibaba...

Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.

Hong Kong has unveiled a four-step artificial intelligence (AI) “talent ladder” strategy to counter entry-level job shock and foster industry leaders, viewing the technology as a “catalyst, not a threat”. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming warned on Monday that the “entry-level shock” was real because AI performed well in many routine tasks that once made up a graduate’s first job, such as basic coding and first-line customer service. Speaking at the...

Bankers in Hong Kong skipped the summer break as an artificial intelligence-fueled rush for capital sent share sales to a record, defying a bruising selloff in the city’s stocks.

Blue Owl Capital Inc. again limited redemptions from two of its private credit funds at 5%, as fears around artificial intelligence kept requests at its flagship technology fund well above industry peers.

In the debate about how best to regulate artificial intelligence, what about its role in development and aid? Warnings about the potential for exacerbating inequality are rife – but the World Bank argues that the technology could be harnessed for good.

Anthropic PBC is seeking to go public as soon as the middle of November, according to people familiar with the matter, after the artificial intelligence model maker pushed back plans to list. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)

SK Hynix Inc.’s $26.5 billion US listing kept the streak of artificial intelligence-related mega-deals going in the third quarter, even as a trio of postponed smaller IPOs cast doubt on the market’s prospects aside from Anthropic PBC’s expected debut.

Wei Li, BlackRock's Global Chief Investment Strategist said the release of new AI agents may "catalyze a wave of AI adoption". In an interview on "The Pulse with Francine Lacqua" on Wednesday September 30, Li also discussed the impact of the energy price shock, saying that the disruption to oil flows in the Strait of Hormuz is creating "macro damage", and that energy is a "big caveat" to their risk-on view. (Source: Bloomberg)

The US artificial intelligence giant Anthropic has warned of the potential danger posed by Chinese firm Z.ai’s GLM-5.3, with the open-weight model showing a troubling mix of powerful hacking abilities but weak safety constraints. GLM-5.3 almost matches Anthropic’s most advanced model in terms of its cyber capabilities, but has far weaker safeguards, meaning there is greater potential for the model to be co-opted by bad actors, according to the San Francisco-based firm. In a report released on...

OpenAI will not release its latest artificial intelligence model, Astra 6.1, after internal tests found it fell short of safety standards, the ChatGPT maker confirmed on Monday. The decision comes ahead of its annual DevDay conference in San Francisco on Tuesday, where the company is expected to announce new products.

AI giant scraps planned released of GPT-6.1 Astra following concerns raised during internal testing, reports say.

A year after calling the artificial-intelligence boom the “dot-com bubble on steroids,” Rajiv Jain has abruptly reversed course.

Canadian-Haitian novelist Thélyson Orélien was removed from the Prix Goncourt literary prize longlist following online claims that the book was largely written by artificial intelligence (AI), the organisers of France's top literary prize said Friday.

Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world’s largest economies on track. (Source: Bloomberg)

The very nature of work is in flux right now, with artificial intelligence accelerating the deepening structural shifts. Employers and their young employees are caught in a power struggle over who gets to decide the norms of this new workplace. Iced coffee is just the latest proxy for that tension — how each party feels both misunderstood and deep anxiety about their place in this evolving landscape, Bloomberg Opinion columnist Beth Kowitt says. (Source: Bloomberg)

President Donald Trump has welcomed Chinese President Xi Jinping to Washington, praising what he called their “truly great friendship” as the two leaders opened talks focused on trade, Taiwan, Iran and artificial intelligence.

More than three years ago, I articulated concerns regarding the existential threat of artificial intelligence in a piece entitled “How Hong Kong can play a role in preventing AI Armageddon”. There is an increasing number of articles about exactly this. Here I concentrate on a more insidious encroachment on our humanity – how AI is capturing our creative expression and replacing us in a way that is making it harder to discern what is creatively human. As a scientist, my inclination is to filter...

Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. Meta unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

“Whoever wins with AI wins,” US President Donald Trump has declared, dismissing warnings about the risks of developing artificial intelligence too rapidly and citing rivalry with China. The technological competition is real. China has reason to fear becoming dependent on America for advanced chips and AI technology, particularly as Washington has repeatedly restricted its access to cutting-edge semiconductors. China, meanwhile, is directing enormous resources towards AI. Stanford University’s...

Advanced Micro Devices Inc. shares jumped Monday, putting the company on track to close above $1 trillion in market value for the first time amid renewed optimism for chipmakers necessary to power artificial intelligence.

Better clarity about the Federal Reserve’s resolve to fight inflation is giving investors reason to be bullish, and yet risks associated with oil prices and artificial intelligence keep them from fully committing.

US President Donald Trump wrote in a social media post on Saturday that he is creating an “AI Force” to oversee regulation of AI and will appoint ‌an AI “tsar” in the near future. “We will not in any way hinder or stifle the Growth of this incredible Industry,” Trump said. “Rather, we will cherish it, help it, and watch over it, as ⁠it grows! However, we will also be looking for BAD, and ‌we can do that, very easily, with our already existing Criminal and Civil Justice System.” The White House...

The first centre, a 660-bed quaternary campus built around integrated artificial intelligence and augmented care solutions, will come up at Sentient Health City, in Jakkur. The partners will invest ₹1,900 crore to build dedicated proton therapy infrastructure across India

In a rare development, Taiwanese Labour Minister Hung Sun-han is expected to travel to Nanjing on Sunday, becoming the first cabinet-level official under William Lai Ching-te’s administration to visit mainland China. Hung will attend an Asia-Pacific Economic Cooperation (Apec) ministerial meeting on Monday to discuss employment, vocational training, social security and the impact of artificial intelligence on jobs. Hung will be the most senior Taiwanese official to visit the mainland for Apec...

In Silicon Valley and beyond, the architects of artificial intelligence are increasingly warning about the risks it poses to humanity. Anthropic CEO Dario Amodei wants the industry to slow down. A former engineer at his company, who also worked at its rival OpenAI, told reporters after quitting earlier this month that he was “genuinely frightened” unchecked AI development might mean “we could all die in the immediate future”. Even Geoffrey Hinton, the Nobel Prize-winning computer scientist known...

Tech insiders and senior executives have spent recent weeks issuing loud warnings about the risks posed by artificial intelligence software. Some are even causing concerns that AI models could lead to eventual human extinction. But what if the real existential risk is more subtle — albeit powerful — than we imagine? Journalist Vauhini Vara joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to unpack warnings for "cognitive surrender” and how a startup called Pangram is promising to help identify AI generated slop. (Source: Bloomberg)

Hong Kong will begin recruitment for an artificial intelligence (AI) commissioner in the second quarter of next year to assist in drafting policies for the technology and risk governance, with authorities confident the city does not lack suitable talent. Tech authorities on Friday revealed details of the new post under the Digital Policy Office, which will pay between HK$262,125 and HK$278,200 (US$33,414 to US$35,436) a month. Permanent Secretary for Innovation, Technology and Industry Kevin...