Asia's tech giants give AI bull run a new centre of gravity - Reuters
Asia's tech giants give AI bull run a new centre of gravity Reuters
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<a href="https://news.google.com/rss/articles/CBMirAFBVV95cUxQSzR6cGFUcThtaGZldmJ5WmhiaXhIMFdvMElpcmF3bEJoaFVpVFZBUlZOV2gwdjU5bGt2TVNoV0dPeXhDRklZb1RSRDhxMmd5WlB1djV0WTd3eGRpMmIwNjdSdDltQmlfV1lOWWxvWWhETGpHVVIxS2VHdTV3Vi1Pa2V6MzYzR2g1YVRONERVZXNyMXd5YklPTkVRTVZGTU9kV21QOUh4bFdITE9m?oc=5" target="_blank">Asia's tech giants give AI bull run a new centre of gravity</a> <font color="#6f6f6f">Reuters</font>
Major tech companies like Google, Microsoft, and Amazon report strong earnings, indicating a positive outlook for the AI boom and the US stock market.
Asian billionaires, including Masayoshi Son and Mukesh Ambani, are leading the expansion of AI infrastructure in the Asia-Pacific region.
Masayoshi Son, CEO of SoftBank, is heavily investing in AI, including acquiring chip designer Arm and investing in OpenAI.
OpenAI and six other tech startups have seen their valuations soar, reaching a combined $1.3 trillion, leading the private market surge.
Alibaba's shares surged over 6% after CEO Eddie Wu announced plans to increase spending on AI models and infrastructure development.
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