BGMI maker Krafton shifts focus to AI, invests $900 million
BGMI operator Krafton plans to invest in five venture capital funds and about half a dozen startups in India by the end of 2026, setting aside $50-60 million each year. The Korean…
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J.P. Morgan raises S&P 500 year-end target to 8,000
J.P. Morgan raised its year-end S&P 500 target to 8,000 from 7,800 on Monday, citing strong corporate earnings and rising confidence that AI investments by large hyperscalers will drive faster revenue growth.…
Indian stocks lag global peers as AI flows and valuations weigh
The Nifty 50 TRI fell 0.4% in the year to 30 June, trailing South Korea’s Kospi, Taiwan’s TAIEX, Japan’s Nikkei and the US Nasdaq. Livemint, citing Abakkus Investment Managers, attributes the gap…
Situational Awareness Fund Reports 67% Loss After AI Bets
Leopold Aschenbrenner launched the Situational Awareness hedge fund in 2024 after writing about artificial superintelligence. Investor interest grew rapidly, and the fund was reportedly managing up to $45 billion by July. It…
