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Bloomberg
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Huawei Speeds Up Launch of New AI Chip

Huawei is accelerating the debut of its next-generation AI chip by several months, aiming to replace Nvidia in China and compete on the global stage. The Ascend 960DT chip will now be launched in the first quarter of 2027. Another variant of the new series, dubbed 960PR, will be delivered in the third quarter. Bloomberg's Anthony Stephens reports.

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Bloomberg
Financial

Turkey's Regulators Act to Stem Market Rout

Turkish officials are trying to stop a meltdown at some of the country's most prominent asset managers from infecting the wider financial industry. Several top finance executives were either detained or given travel bans as part of a widening investigation related to mass outflows from asset managers this week. Bloomberg's Beril Akman reports.

Read more: Turkey's Regulators Act to Stem Market Rout
Bloomberg
Financial

Traders Wary Of Rising AI Risks: Market Snapshot

The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout.

Read more: Traders Wary Of Rising AI Risks: Market Snapshot