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Nobel laureate Christopher Pissarides argues AI cannot restore Western economies to past high-productivity growth. He notes many service jobs remain immune, sees scant evidence for AI-driven productivity gains, and challenges optimistic tech forecasts.
Read MoreOn July 7, Hong Kong's key stock indices turned lower in the afternoon session. The Hang Seng Tech Index, which rose over 2% earlier, reversed course to close down 1%. The broader Hang Seng Index also declined by 0.9%, reflecting shifting market sentiment.
Read MoreFTSE China A50 Index Futures dropped sharply by over 1% during the session, reflecting shifting market sentiment and capital flows. This movement signals potential adjustments in short-term risk appetite among investors.
Read MoreBittensor's TAO token has broken below the key $210 level, currently trading at $209.9 with a 1.69% decline over 24 hours. This article examines the price movement, explores potential market drivers behind the increased volatility, and offers practical risk management insights for traders navigating turbulent conditions.
Read MoreKey midday updates on July 7 highlight regulatory warnings from South Korea, a revived fraud lawsuit against DCG in the US, and the closure of YGG's Web3 gaming division. Institutional moves and strategic BTC sales are also in focus.
Read MoreHSBC is reportedly scaling back its high-risk private credit lending operations. This strategic move signals increased caution amid economic uncertainty and could reshape risk appetite within the global private credit landscape.
Read MoreOmdia's latest report forecasts China's semiconductor market will reach $812.08 billion by 2026, with a 92.9% growth rate. The memory chip sector is a key driver, expected to surge 262.9% to $449.6 billion.
Read MoreZhipu has officially clarified that media reports claiming it withdrew its A-share IPO tutoring filing are completely false. The company stated the reports are inaccurate and appear to be malicious speculation, confirming its IPO tutoring process is completed per regulatory records.
Read MoreChina's AI industry exceeded 10 trillion yuan in scale last year, according to the National Development and Reform Commission. Preliminary forecasts indicate the sector will maintain robust growth of over 30% this year, highlighting AI's accelerating integration across economic sectors.
Read MoreSouth Korean police have relaunched a bidding process for virtual asset custody services, raising the budget to 267 million won and attracting seven bidders. New rules mandate cold wallet storage and full compensation for any asset loss, marking a major upgrade in security standards.
Read MoreChina's AI-native office assistants are experiencing explosive growth, with monthly visits surpassing 20 million and daily token usage reaching hundreds of trillions, according to the National Development and Reform Commission. This marks a significant leap in AI adoption within workplace environments.
Read MoreCiti has hired JPMorgan's seasoned rating advisor Anuja Desai as Managing Director to lead its rating advisory business. Starting in late September, she will counsel global clients and collaborate with investment banking teams, marking another strategic hire from a rival bank.
Read MoreAn anonymous writing experiment by Ethereum's Vitalik Buterin was unmasked through analysis of his unique habits in mathematical examples and algorithmic explanations, despite attempts to obscure his style via translation. This highlights the potential and risks of deep identity recognition based on content patterns.
Read MoreOndo has announced the official launch of its stock perpetual contracts product today, Beijing time. Supporting up to 20x leverage, this offering provides investors with a more flexible and high-leverage way to engage with equity markets, marking a significant expansion of its derivatives services.
Read MoreBernstein analysts view Tencent's Hy3 AI model as a strategic move to enable intelligent services across its ecosystem. While not the most advanced, it validates the new AI team and sets the stage for a major update by 2026/2027. Monetization is expected via merchant subscriptions for AI-driven traffic growth.
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