A closer look at “Tech Rallies on Meta Muse & Alibaba's China AI Chip”, exactly as the source publishes it. Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, the program sets the agenda for your day, catching you up with overnight markets news from the US and Asia, and telling you what matters for investors in Europe before trading begins. In this episode, global AI stocks rallied on the back of Meta's new AI agent, Muse, and Alibaba's announcement that it is rolling out what it calls China's most powerful AI chip.
The chip, an accelerator designed to compete with Nvidia, is set to underpin a massive expansion of data center capacity in China in the coming years. The news boosted sentiment across the tech sector, which had recently been weighed down by calls for slower AI development. For the complete material, the listing points back to the source inside the network.