Alibaba Unveils Powerful AI Chip as Meta Revives AI Optimism
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, EuroStack Initiative Founder & Chair
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:01:56 – AI trade roars back on Meta’s personal agent
00:06:03 – Mike Bell, RBC Bluebay Asset Management Head of Market Strategy
00:15:09 – Latvian Foreign Minister: Russian sabotage is ‘serious worry’
00:16:43 – Merz claims party support after election hit
00:17:41 – Kristina Spohr, London School of Economics Professor
00:25:14 – Tuesday headlines
00:26:14 – Tuesday top stories
00:30:38 – Cristina Caffarra, Eurostack Initiative Founder and Chair
00:37:45 – Novo investors seek more robust sales targets
00:42:29 – Ecuadorian President: Cocaine trade worth about $30 billion a year
00:45:07 – China, US discuss AI, investment and trade
00:47:06 – Macron, Trump discuss Kyiv, Moscow halting energy strikes
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