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24.11.25 - 08:42
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China′s power equipment firms ride AI boom amid demand from US, emerging markets (SCMP)
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The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts.
Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump's push for tech leaders like Meta and SoftBank to invest in AI infrastructure.
“The US buys products from Japan and......
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24.11.25 - 01:01
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Cover Story: The AI Boom′s Unsettling Paradox (Caixin)
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A surge in generative AI has supercharged the technology sector in the United States, catapulting the “Magnificent Seven” tech giants to new heights and powering the American economy.
But as company valuations soar, a wave of mass layoffs is sending a chill through the workforce, creating a stark paradox of unprecedented growth and widespread job insecurity.
The seven firms — Apple Inc., Alphabet Inc., Meta Platforms Inc., Nvidia Corp., Tesla Inc., Amazon.com Inc. and Microsoft Corp. — have been the core engine of U.S. equity market gains for the past three years. Since the beginning of 2023, the Nasdaq Composite Index has soared more than 140%, breaking 24,000 points by late October, while the S&P 500 has climbed over 70%.
Yet this corporate boom, fueled by record earnings and large AI infrastructure investment, is unfolding alongside the relentless drumbeat of job cuts. From Amazon to Google, thousands of positions have been slashed as the AI revolution powers ahead.
According to data from...
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