economy

Alphabet's recent decision to raise $85 billion in equity comes amid a four-week decline in its stock price, highlighting investor concerns about its capital needs for AI infrastructure amidst increasing competition in the sector.

Tencent's appointment of a former OpenAI researcher as chief AI scientist signals a potential shift in China's approach to artificial intelligence, aligning more closely with U.S. ambitions for artificial general intelligence (AGI). This development highlights the intensifying competition in the global AI landscape as Chinese firms seek to attract top talent from Silicon Valley.