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Retail investors fuel record buying in US software ETF as AI trade broadens

Retail investors fuel record buying in US software ETF as AI trade broadens June 2 : The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed. Software stocks have largely recovered their losses from earlier this year when fears of industry-wide disruptions due to the rise of AI gripped the sector, though volatility still persists. • Mom-and-pop traders bought stock...

Channel News Asia 7d ago

As big tech heads Down Under, some fear Australia risks giving up control

Federal government accused of AI policy retreat as US tech giants plan Australian investments Mon 8 Jun 2026 at 4:43am A former Labor minister says the federal government "blinked" on AI regulation, shelving plans to make it safer for consumers rather than provoke US President Donald Trump. When he was minister for Industry and Science, Ed Husic was planning to bring in "mandatory guardrails" on high-risk AI as part of a standalone act that aimed to protect the community against the...

ABC Australia 2d ago

Google AI CEO has a message for laid off engineers at Meta, Amazon, Block, and other companies

Demis Hassabis thinks the companies cutting engineers to ride the AI wave have got it backwards. The Google DeepMind CEO told WIRED that when developers become three or four times more productive, the smart move is to do three or four times more work, not march people out the door. To him, treating AI gains as a reason to shrink headcount is a failure of nerve dressed up as strategy.

Times of India 9d ago

Nvidia CEO agrees with TCS, Salesforce, SAP CEOs: It's an incredible time to be a software company

Nvidia CEO Jensen Huang has echoed the optimism of global software leaders and pushed back against the fears of a looming “SaaSpocalypse,” telling audiences at Computex that the rise of agentic AI is creating unprecedented opportunities for software firms. Huang addressed concerns that AI agents could disrupt traditional SaaS models, saying: “A lot of people have said, ‘Jensen, AI is coming. Agentic AI is coming.

Times of India 8d ago