The former President of Baidu says AI tokenization is exploding in China, far beyond what OpenClaw illustrated earlier this year. Zhang Yaqin, who runs China's Institute of AI Industry Research at Beijing's Tsinghua University speaks to Bloomberg's Chief North Asia Correspondent Stephen Engle in Beijing. (Source: Bloomberg)

A fund focusing on smaller Taiwanese firms in the AI supply chain has emerged as a big winner, with a diversified strategy helping it weather the volatility that has rattled the industry over the past year.

China’s listed companies announced the most share buybacks in almost a year last month as the escalating war in Iran drove down stock prices.

Chinese artificial‑intelligence firms have emerged as one of the most volatile pockets of Asia’s equity markets, with shares of newly listed model developers and chip designers swinging on retail flows.

Alphabet Inc.’s Google is developing its own fitness band, aiming to compete with screenless wearable devices from upstarts like Whoop Inc. and Oura Health Oy.

Valar Atomics, the nuclear energy startup backed by Anduril Industries Inc. founder Palmer Luckey and Palantir Technologies Inc. executive Shyam Sankar, has raised fresh capital at a valuation of $2 billion, according to people familiar with the matter.

The energy shock sparked by the Iran war is increasingly coming up in conversations about data center deals for Asian bankers, who have helped finance billions of dollars of artificial intelligence infrastructure across the region.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Muddy Waters Research CEO Carson Block, Piper Sandler’s Anna Andreeva, PGIM’s Matthew Harvey, Morgan Stanley Investment Management’s Jitania Kandhari, Coresight Research CEO Deborah Weinswig, Wolfe Research’s Tobin Marcus, Hamilton Lane Co-CEO Erik Hirsch, & Freshfields’ Ethan Klingsberg. (Source: Bloomberg)