AI REVIVAL POWERS STOCKS TOWARD RECORD HIGHS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Stock markets advanced toward all-time highs as renewed interest in artificial intelligence drove investor momentum. Peace negotiations for an ongoing global conflict also bolstered market sentiment.
■ MORE FROM THE BUSINESS DESK
Matt Mullenweg has resumed his role as CEO of Automattic following an attempted ouster by the company's board. The WordPress founder regained control after the board move failed to dislodge him from leadership.
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AI computing networks maker Ligent Technologies is seeking to raise up to HK$5.7 billion ($727 million) through a Hong Kong IPO, capitalizing on surging investor appetite for artificial intelligence infrastructure plays.
Asian stocks and US equity-index futures dropped following warnings from major artificial intelligence companies urging a deceleration in AI development. OCBC Investment Strategy MD Vasu Menon discusses the market reaction.