Asia-Pacific marketplaces trade blended immediately after Friday’s rally

Asia-Pacific marketplaces trade blended immediately after Friday’s rally


Cling Seng index shut on Friday at greatest considering the fact that March 16

The Dangle Seng index in Hong Kong shut its session very last Friday 7.7% larger, observing its very best working day given that March 16, when the index rose 9.08%.

On a weekly foundation, the index rose 7.2% as China eased Covid actions, following seeing a acquire of 8.73% the past 7 days on rumors of China’s reopening options.

The index is up almost 18% month-to-date and could post its very best regular performance since April 1999, when the Hang Seng index obtained 21.85%.

Gina Francolla, Jihye Lee



Supply

Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers
World

Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers

Bitcoin may be in the dumps, but two stocks linked to the flagship cryptocurrency could soon see their shares more than double, according to Morgan Stanley. In a Sunday note to clients, the investment firm initiated coverage of bitcoin miners Cipher Mining and TeraWulf , giving the stocks “overweight” ratings. Its analysts put a $38 […]

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Sam Altman touts ChatGPT’s reaccelerating growth to employees as OpenAI closes in on 0 billion funding
World

Sam Altman touts ChatGPT’s reaccelerating growth to employees as OpenAI closes in on $100 billion funding

As OpenAI faces intensifying pressure from rival Anthropic’s improved coding tools, CEO Sam Altman is telling employees and investors that his company is seeing its share of momentum. Altman told OpenAI employees on Friday that ChatGPT, the company’s popular artificial intelligence chatbot, is “back to exceeding 10% monthly growth,” according to an internal Slack message […]

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Databricks completes  billion funding round at 4 billion valuation
World

Databricks completes $5 billion funding round at $134 billion valuation

Ali Ghodsi, co-founder and CEO of Databricks. Databricks Databricks said Monday it has raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation. The privately held data analytics software company also said that its annualized revenue exceeded $5.4 billion for the January quarter, up 65% year over year, […]

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