Alibaba Unveils Powerful AI Chip as Meta Revives AI Optimism
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Stocks held gains driven by a rally in the artificial-intelligence trade as oil fell for a fifth day, with investors tracking diplomatic efforts to end the US-Iran war. Early signs of success for Meta's new personal agent revived optimism over chip demand, bolstering the sector after a recent rough patch driven by calls for slower AI development. Alibaba is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia and underpin a massive expansion of data center capacity in coming years. President Volodymyr Zelenskyy will meet President Donald Trump in New York today as the embattled Ukrainian leader looks to shore up support to defend against stepped-up Russian attacks. Zelenskyy has so far brushed off Trump’s calls for Ukraine to stop hitting refineries inside Russia which have triggered fuel shortages. Today's guests: Mike Bell, RBC BlueBay Head of Market Strategy; Kristina Spohr, London School of Economics Professor; Cristina Caffarra, Eur
Tags: AI, Abeer Abu Omar, Alibaba, China, Cristina Caffarra, Francine Lacqua, Friedrich Merz, Germany, Guy Johnson, Henry Ren, Hormuz, Iran, Iran war, Jill Disis, Kristina Spohr, Mamdani, Meta, Michael Mike Bell, Middle East, Muse AI
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