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28.05.26 - 08:00
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US banks charge ahead with American AI in Hong Kong despite geopolitical tensions (SCMP)
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Leading American banks are rolling out advanced artificial intelligence tools powered by US technology in their Hong Kong offices, charging ahead with adoption even as escalating geopolitical tensions threaten to shut the Chinese city out from top-tier software.
In a prime example of this push, Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc, initially targeting local software developers and engineers, according to a source.
The bank has said that Arc......
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21.05.26 - 11:06
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Does Xpeng′s 33% cut on its new 6-seat SUV portend a price war in the premium segment? (SCMP)
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The market for six-seat premium SUVs in China is expected to become a more intense battleground, squeezing carmakers by forcing them to cut prices or enhance key features in a fight for market share, according to analysts.
Xpeng priced its new electric SUV the GX at 269,800 yuan (US$39,687) on Wednesday, slashing its price by nearly a third from the pre-order price of 399,800 yuan.
The cut “surprised the market”, Citigroup analysts said in a report on Wednesday, adding that the new model's......
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20.05.26 - 22:24
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Banks Eye $30 Billion of High-Grade Bonds for Warner Bros. LBO (Bloomberg)
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Bank of America Corp. and Citigroup Inc. are talking to investors about the makeup of the debt package financing Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc., with early conversations including about $30 billion of high-grade bonds, around $12 billion of junk bonds, and $7.5 billion of loans....
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