Artificial Intelligence

Hiroo Ota, CEO of Kioxia, says that the company will expand production to fully meet growing market demand.

Telcos, Media & Tech

Memory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback

Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion

South Korea’s Kospi surges over 6 per cent% as buyers pounce on battered chipmaker stocks; Japan’s Nikkei 225 reverses early losses to trade 1.2% higher.

Capital Markets & Currencies

Asian markets find footing as US jobs data, PMIs lift stocks

MSCI’s broadest index of Asia-Pacific shares outside Japan rises 2.2% after two consecutive days of declines

For stock investors, this could signal that AI companies are losing pricing power with increasingly cost-sensitive customers.

Technology

The AI trade is losing one of its key signals

An index tracking what users pay for AI tokens is down almost 20% from a high in May

Industries ranging from automobile manufacturing to consumer electronics are coping with an unprecedented squeeze on the supply of memory chips.

Telcos, Media & Tech

Chip industry urges US to avoid moves that distort memory market

Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers

The framework is developed under MAS’ BuildFin.ai initiative – a programme which supports the responsible development and deployment of AI solutions in the financial sector.

Companies & Markets

MAS partners finance industry players to develop safeguards for AI agents

The move comes as these entities increasingly carry out tasks autonomously

Kuaishou’s Kling is now part of a wave of Chinese AI video services seeking to pull in revenue from global customers.

Telcos, Media & Tech

Alibaba, Tencent join US$2 billion funding for Kuaishou’s Kling AI

The company may potentially raise as much as about US$3 billion as more investors may take part in future

Software vendors usually leave such work to consulting firms, but many have found that businesses need additional help deploying cutting-edge tools.

Companies & Markets

Microsoft mobilises 6,000 workers to help customers adopt AI

The division will help customers deploy AI more efficiently and inform Microsoft’s product development decisions

Money

THRIVE NEWSLETTER

AI can now access your brokerage account. Should you let it?

[SINGAPORE] Last month, popular brokerage platform Interactive Brokers (IBKR) introduced a feature that lets users connect external AI tools – such as ChatGPT, Claude or Grok – directly to their tradi...

Hong Kong, now the top wealth hub over Switzerland, carves out a new economic niche in the AI age.

Global Enterprise

Booming AI chip trade seals Hong Kong’s role as gateway to China

Despite its limited industrial base, the city exports almost US$159 billion of AI-related goods last year

The success of quants in China’s eight trillion yuan hedge fund industry is a stark reversal from two years ago.

Capital Markets & Currencies

China quant funds draw billions as AI trounces human traders

The funds are churning out new products that are being snapped up by investors who are abandoning stock pickers

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