How the most celebrated fund in artificial intelligence sold its entire listed book to a competitor, and what the wreckage says about the rest of us.
Apple just proved earnings don't need an AI narrative. Big Tech, meanwhile, has gone from paying shareholders to asking them for cash. Each week, the Syz investment team takes you through the last seven days in seven charts.
AI investment is now the consensus explanation for a resilient 2026 US economy, and the scale remains striking.
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When the world's largest asset manager predicts a futures market for computing power and an exchange launches one within a week, the signal seems clear: compute has become the AI era's scarce commodity. Yet the same industry straining against that shortage is engineering its way out of it, targeting cost reductions of up to two orders of magnitude.
How China is building a digital belt and road for Artificial Intelligence. Xi Jinping's first appearance at the World Artificial Intelligence Conference marks the beginning of a new phase in the AI race, one defined less by superior models than by the ability to build the world's dominant ecosystem.
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How the most celebrated fund in artificial intelligence sold its entire listed book to a competitor, and what the wreckage says about the rest of us.
Global equities advanced despite the week between 24-31 July despite some by sharp divergences. Big Tech earnings split investors between AI capex winners and losers, the Federal Reserve held rates amid its first multi-member dissent in decades, and oil extended its climb on escalating Middle East tensions. Korean and Taiwanese equities were rocked by extreme volatility as leveraged AI-related positioning unwound and then violently reversed, while resilient eurozone growth data and broad emerging-market strength helped underpin the wider advance. This report examines the key drivers behind the past week's market moves, with a focus on US mega-cap earnings dispersion, the Fed's policy signals, and the forces behind Asia's dramatic swings.
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