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Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when Nvidia Corp reports its earnings after the bell on Wednesday. How the sinking stock market will react is another question. “This is a 'so goes Nvidia, so goes the market' kind of report,” said Scott Martin, chief investment officer at Kingsview Wealth Management, which owns shares of Nvidia and several of its Big Tech peers. Analysts expect the Nasdaq-listed semiconductor behemoth......

The ambitious spending plans of artificial intelligence developers coupled with rapid user adoption indicate the global rally in their stocks will persist despite bubble concerns, fund managers at Fidelity International and Allianz Global Investors said. The recent downturn in global semiconductor stocks, ahead of Nvidia's closely watched earnings later this week, was likely to be temporary, according to Joseph Zhang, portfolio manager at Fidelity International. Unless AI capital spending or......

Henderson Land Development has unveiled Central Yards, a 1.6 million sq ft mixed-use project taking shape on Hong Kong's most expensive piece of prime real estate and a key component of the developer's HK$63 billion (US$8 billion) New Central Harbourfront project. The 10-storey building in Central, which would offer more than 700,000 sq ft of office and ancillary space, would have the largest floorplate in the city's main business district, Henderson said in a statement on Tuesday. Six of the 10......

Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference agency TransUnion. In response to the US Federal Reserve's latest cut, the Hong Kong Monetary Authority – the city's de facto central bank – reduced its base rate to 4.25 per cent in October, its second decrease this year. That has prompted major banks to lower their prime rates and reduce borrowing......

As appetite for investments in private markets grows among high-net-worth (HNW) individuals, these markets – once the preserve of large institutions and the ultra-rich – are becoming more accessible to a broader range of investors. This shift is being driven by innovation and the growing capabilities of private banks. According to HSBC Private Bank's “Global Entrepreneurial Wealth Report 2025”, 46 per cent of the 3,083 entrepreneurs surveyed across 15 markets said they invest equally in both......

Hong Kong's financial services sector could boost hiring by as much as 15 per cent next year, fuelled by buoyant capital markets and growth in assets under management, according to a global recruitment agency. The surging equity markets in Hong Kong and mainland China had boosted revenues and budgets for hiring investment professionals and traders, said John Mullally, managing director for Hong Kong at Robert Walters. The jobs market would be “more functional”, with hiring across the financial......

Microsoft and Nvidia plan to invest in Anthropic under a new tie-up that includes a US$30 billion commitment by the Claude maker to use Microsoft's cloud services, the latest high-profile deal binding together major players in the artificial intelligence industry. Nvidia would commit up to US$10 billion to Anthropic and Microsoft up to US$5 billion, the companies said on Tuesday, without sharing more details. A person familiar with the matter said both companies had committed to investing in......

Hong Kong stocks wavered on Wednesday, with investors taking their cue from Wall Street's overnight decline amid rising doubts over lofty artificial intelligence valuations and the timing of US rate cuts. The Hang Seng Index advanced less than 0.1 per cent to 25,940.52 at 10.15am local time. The Hang Seng Tech Index added 0.2 per cent. On the mainland, the CSI 300 Index gained 0.4 per cent and the Shanghai Composite Index added 0.2 per cent. Leading the gainers, search-engine giant Baidu jumped......

Alphabet's Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represented a “massive jump” in reasoning and coding ability. The new model, Gemini 3, will be available immediately across all of Google's major products, including search, and can answer questions with interactive graphics. Gemini 3, like its predecessor, could process text, images and other media as well as solve complex science and maths problems, the company said. It had......

[The content of this article has been produced by our advertising partner.] In recent years, AI has rapidly evolved from emerging technology to global innovation engine, reshaping how people search, create, communicate, and work. This momentum is also apparent in the mobile ecosystem, where AI app downloads surpassed 346 million in Q4 2024, according to AppFigures, and Sensor Tower data show in-app purchase revenue reached US$2.3 billion in the first three quarters of 2025, providing clear......

Chinese artificial intelligence scientist Yang Hongxia, a professor at Hong Kong Polytechnic University (PolyU), is seeking to democratise large language models (LLMs) by empowering hospitals and various enterprises to train their own AI systems. Yang, who previously worked on AI models at ByteDance and Alibaba Group Holding's Damo Academy, said in a recent interview with the South China Morning Post that her newly formed start-up, InfiX.ai, envisioned a world in which various businesses could......

Chinese electric vehicle (EV) makers from Xpeng to Chery Automobile, leveraging their technological and manufacturing strength, are intensifying efforts to build humanoid robots as they position themselves as potential game-changers amid Beijing's ambitions to gain an upper hand over the US in the hi-tech sector. Guangzhou-based Xpeng said it envisioned sales of 1 million units by 2030 after its next-generation humanoid robot Iron won praise from Tesla CEO Elon Musk early this month. He......

The spectacular gain in Contemporary Amperex Technology (CATL) shares since its Hong Kong listing faces a reality check this week: a twofold increase in its free-float shares will test investors' risk appetite. Some 76 million shares of the Ningde, Fujian province-based company will be available for trading on the city's exchange from Thursday following the expiry of a six-month lock-up period. The shares, which are held by cornerstone investors like Kuwait Investment Authority and UBS Asset......

Xpeng's CEO He Xiaopeng is among three corporate founders who have been shortlisted as finalists in the 2025 Business Awards organised by SCMP Live, in a reimagination of a series of accolades first introduced in 1990. A total of 43 nominations were received for the awards in six categories, honouring the most noteworthy business owner, corporate executive, company, small-and-medium-sized enterprise (SME), start-ups and the best globalised brand. A discretionary award honouring lifetime......

Facebook parent company Meta Platforms defeated a US attempt to unwind its acquisitions of Instagram and WhatsApp on Tuesday when a federal judge ruled the company did not hold a social media monopoly. The ruling gives Big Tech its first decisive win against the antitrust crackdown started in US President Donald Trump's first term, and is a major setback for the Federal Trade Commission, which is pursuing a separate antitrust case against Amazon.com. The agency sought to force Meta to......

Chinese internet search giant Baidu on Tuesday reported a 50 per cent increase in artificial intelligence-related revenue in the three months ended September from a year ago, which was the bright spot to an otherwise lacklustre financial quarter. The Beijing-based company's third-quarter revenue declined 7 per cent year on year to 31.2 billion yuan (US$4.4 billion), owing to sluggish demand in its advertising business, while its net loss hit 11.2 billion yuan on asset writedowns. While its core......

Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land. The award gives Chinachem –......

Alibaba Group Holding's new multipurpose artificial intelligence consumer app, Qwen, has the potential to become China's “super-app” in the AI era in the same way Tencent Holdings' WeChat defined the mobile internet age, analysts say. Powered by Alibaba Cloud's own model series of the same name, Qwen quickly jumped to fourth overall on Apple's app store for free apps in Hong Kong and fifth in mainland China on its second day of beta testing. The app, billed as “the best personal AI assistant”,......

ChatGPT and the social-media platform X were among the websites blocking some users' access on Tuesday as the web security firm Cloudflare worked to address a widespread, worldwide networking outage. Cloudflare was investigating an issue that “potentially impacts multiple customers”, the San Francisco-based company said on its website. The same page shows Cloudflare had been experiencing issues with a customer support portal, and had been scheduled to conduct some scheduled maintenance in some......

Huawei Technologies is set to launch its latest flagship smartphone, the Mate 80 series, and a new foldable handset next Tuesday, as industry speculation swirls over the use of its next-generation Kirin 9030 processor in these devices. The Shenzhen-based telecommunications equipment maker on Monday said its new Mate series – including the basic Mate 80, Mate 80 Pro, Mate 80 Pro Max and Mate 80 RS models – would be available for pre-order, but pricing and technical specifications were not......