{
}
WeRide has initiated a $100 million share buyback after its stock plummeted over a third since its IPO, highlighting challenges in achieving profitability amid significant R&D expenditures. Meanwhile, Huawei's Harmony OS struggles to build a competitive ecosystem, hosting only 13,000 apps compared to rivals, as it faces the dilemma of nurturing partnerships while competing in various sectors.
Singapore-based Digital Edge and Thai energy firm B. Grimm Power Pcl are investing $1 billion to build a 100-megawatt data center in Thailand, set to be operational by Q4 2026. This project underscores Thailand's emergence as a key data center hub, with significant investments and a focus on renewable energy to meet growing demand. The country aims to enhance its energy infrastructure while attracting major tech players amid a projected annual growth rate of 7.5%-8.5% in the data center industry from 2025 to 2027.
British Prime Minister Keir Starmer and Nvidia co-founder Jensen Huang will announce a new initiative on June 9 to enhance AI education and research in the UK, supported by a £187 million program. This partnership aims to address the UK's AI skills gap, with only 15% of organizations classified as "AI pros," and to boost productivity amid economic challenges. The collaboration reflects a strategic shift towards leveraging private sector expertise to foster innovation and tackle labor market concerns related to AI displacement and job creation.
Global AI spending is set to surge by 60% in 2025, reaching $360 billion, and is projected to rise another 33% to $480 billion in 2026. The share of spending by major tech firms—Microsoft, Amazon, Alphabet, and Meta—will decline from 58% to 52%, with China expected to contribute significantly, accounting for 35% of non-Big Four spending. Emerging players, including Neocloud providers, are anticipated to capture around 25% of this market, indicating a healthier distribution of investments across the sector.
Billionaire investor Bill Ackman praised "Buffett & Munger Unscripted," a book by Alex Morris that compiles decades of investment wisdom from Warren Buffett and Charlie Munger, as “a great book.” This endorsement comes as Buffett prepares to step down as CEO of Berkshire Hathaway, marking the end of a remarkable career. The book highlights key investment principles and showcases how Buffett and Munger transformed Berkshire into a multi-billion dollar conglomerate.
Huawei has launched the MateBook X Pro 2024 Linux Edition, priced at 10,399 yuan for the Ultra7/16GB + 1TB variant and 11,399 yuan for the Ultra7/32GB + 1TB variant, with a national subsidy reducing the starting price to 8,399 yuan. This new model comes as the company shifts away from Windows due to expiring licenses amid U.S. sanctions, offering users the option to install different operating systems. The laptop features a 14.2-inch display with a 3120 x 2080 resolution, Intel Core Ultra 7 processor, and a 70Wh battery with 140W fast charging.
The financial markets have rebounded despite ongoing global turmoil, with US equities returning to pre-April levels, while the economy shows signs of strain, including negative GDP growth and disrupted trade flows. The Fed is cautious, monitoring the impact of tariffs on inflation, and uncertainty persists in market reactions. Investors are advised to align their portfolios for the long term, focusing on solid companies and maintaining liquidity amid unpredictable US policies.
At the WAVES 2025 summit in Goa, Shraddha Kapoor and Instagram Head Adam Mosseri discussed India's pivotal role in the digital revolution, emphasizing its mobile-first approach and diverse creator ecosystem. Kapoor highlighted the significance of multilingual content and cultural inclusivity, while sharing Maharashtra's culinary heritage by offering Mosseri homemade puran poli, symbolizing the blend of tradition and digital interaction.
Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025, recommending Greg Abel as his successor. Tributes poured in from business leaders, praising Buffett's extraordinary career, integrity, and philanthropic efforts, with many expressing confidence in Abel's leadership.
Chinese investors continue to accumulate gold despite a recent price correction, with buying interest expected around $3190. Meanwhile, the USD/JPY has strengthened following the Bank of Japan's decision to maintain interest rates at 0.5%, while the Fed and BoE prepare for key rate decisions amid mixed economic signals. The Hang Seng Index rose 2.4% on optimism from China's economic support measures, despite a contraction in US GDP.
Microsoft Corporation
Companies
| Symbol | MSFT |
| Name | Microsoft Corporation |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | Software |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Redmond |
| Zipcode | 98052-6399 |
| Website | http://www.microsoft.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
WeRide and Huawei Face Challenges in Ambitious Tech Ventures
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