European AI Trade

Morgan Stanley 'Doubling Down' on European AI Trade

European markets open mixed as AI stocks sell-off hits Asia, South Korea drops 5%

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday. As the rally in AI stocks fades, investors were cautious at the open on Friday, with European markets opening to mixed sentiment following steep falls in Asian markets.

Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive

Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive BRUSSELS, June 8 : Europe's push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday. The warning by the Tech Council of Australia, the Canada EU Trade and Investment Association, the Japan Association of New Economy and tech lobbying...

Stocks are recovering from a sell-off — but even bullish investors warn of a bumpy ride ahead

Global stock markets edged higher on Tuesday, marking a tentative recovery from a bout of volatility led by an aggressive sell-off in global technology names. Friday saw U.S. equities come under pressure, led by a sharp downward turn in chip stocks. The negative momentum bled into Asian trade, while European tech stocks also took a beating.

4 ways Europe wants to wean off US tech

BRUSSELS — The European Union wants to move away from foreign technology over concerns that overreliance has become a risk in shaky trade ties with Washington. The European Commission is finalizing a package of measures to boost its so-called technological sovereignty, set to be published on June 3. The package includes proposals to crack down on the bloc’s deep-rooted exposure to foreign technology in areas including cloud, artificial intelligence, microchips, software and data centers.

Newsletter: Bust to boom? Europe’s most exclusive club might be getting bigger

Dozens of European leaders and heads of state from the six Western Balkan countries will be in Montenegro on Friday for talks about how to grow the European Union. Also in the newsletter: how Europe balances trade with the US and China. Good morning, Brussels.

AI boom sparks rally, frenzy and fear

AI boom sparks rally, frenzy and fear LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say Artificial Intelligence will boost productivity and make businesses more profitable.

Policy on the AI Exponential

Policy on the AI Exponential In one of the side plots to The Lord of the Rings, two of the Hobbits attempt to rouse Treebeard—a wise but ponderous sentient tree—to defend his forest from an army that is cutting it down. The problem is that Treebeard operates at a very different speed than the Hobbits. It takes him a full day simply to say hello to another tree, so getting him and his peers to act fast enough is nearly impossible.

Newsletter: A historic, hardline shift in EU migration policy

Also in this newsletter: Denmark's Mette Frederiksen holds on, Magyar sets off to Berlin and Paris, and former Lebanese deputy PM speaks live to Europe Today. Good morning from Brussels. I’m Mared Gwyn, holding the newsletter pen again this Tuesday.

Tech sell-off deepens as oil prices rise on renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential U.S. interest rate hikes, and escalating tensions in the Middle East. Asian shares mostly retreated on Wednesday after a sell-off in technology stocks on Wall Street, while oil prices climbed following fresh US airstrikes against Iran. The US military launched attacks early on Wednesday after an Army helicopter crashed near the Strait of Hormuz, an incident President Donald...