BUSINESS
Is China winning the innovation race?
Once the world’s factory, Beijing’s relentless focus on R&D means the country has become the world’s laboratory
TECHNOLOGY
OpenAI partners amass $100bn debt pile to fund its ambitions
Cloud companies and developers rely on lossmaking start-up to repay huge loans
BUSINESS
Japan needs to end its dangerous debt delusion
The country has to face up to the hard truth that it has maxed out on its fiscal flexibility
ECONOMY-2
Martin Wolf: The fracturing of the world economy
BUSINESS
BHP’s fleeting Anglo bid shows the race for copper is heating up
It was second time unlucky for the Australian miner, but a third attempt at a later date might be the charm
BUSINESS
Howard Marks: 'People are shakily optimistic'
The Oaktree chair on Fomo, private credit, and the challenge of remaining prudent
BUSINESS
Behind the AI bubble, another tech revolution could be brewing
BUSINESS
Nvidia’s AI supremacy is a weapon that cuts both ways
While the chipmaker is the big winner from the booming technology, it is singularly exposed to changing expectations
BUSINESS
Don’t trade where you tweet
Online conversations about hot meme stocks or cryptocurrencies are the source of some very bad decisions
BUSINESS
The American exceptionalism trade is wobbling
It falls to Nvidia to make or break the market mood for the rest of the year
CRYPTOCURRENCY
Crypto market sheds $1.2 trillion as traders shun speculative assets
Bitcoin drops 28% in six weeks as worries over AI stocks spill into digital assets and high-octane bets backfire
BUSINESS
In ending the penny, Trump lightens pockets in a good way
The use of small denominations has fed into debates over the public’s changing attitudes to payment
BUSINESS
The golden age of US credit card rewards may be at an end
Freebies, it turns out, were never really free
BUSINESS
Does the K-shaped economy theory even make sense?
Plus, more on memory stocks
BUSINESS
Gold rally tempts jewellers with a literal debasement trade
Surging prices are causing issues even at the top end of the market
BUSINESS
Reasons to be bearish about China’s rise
Yes, its economic engine is remarkable, but there are factors that should temper predictions of global hegemony
BUSINESS
Sequoia’s shake-up may be a VC turning point
Turnover of leaders shows how hard it can be to ride out the vicious financial and tech cycles
BUSINESS
Are bubbles good, actually?
BUSINESS
Nvidia’s Jensen Huang says China ‘will win’ AI race with US
CEO criticises western ‘cynicism’ while Beijing loosens regulations and cuts energy costs for data centres
BUSINESS
Asian markets’ reliance on AI boom raises ‘bubble’ fears
Some investors grow concerned that region’s markets could be hit by downturn in US tech sector
BUSINESS
Jay Powell thinks rates don’t have far to fall
BUSINESS
Will Trump push south-east Asia towards China?
For years, Washington viewed its relationship with the region as a way to limit Beijing’s influence, but tariffs now strain the partnership
BUSINESS
Silicon Valley called — the 1990s are back
How today’s artificial intelligence boom is both different from, and similar to, what came before
BUSINESS
Where does Wikipedia go in the age of AI?
Crowdsourced, open edited and free, the site must seize the new technology as an opportunity









