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Europe And Asia Markets Gain; Dollar Set For 7% Annual Gain - Global Markets Today While Us Slept
IEMG ETF Falls 0.3%
Apple Poised to Become First $4 Trillion Company Amid Investor Optimism on Product Surge
Asian Markets Up, Europe Closed; Dollar Hovers Near 2-Year High - Global Markets Today While US Slept
Research and development investments are close to the combined sum of BAT! Does ByteDance want to become China's OpenAI?
Zheshang stated that ByteDance has made huge investments in AI, with capital expenditures reaching 80 billion yuan in 2024, approaching the total of Baidu, Alibaba, and Tencent (about 100 billion yuan). Research and development investments significantly lead their peers; analogously, just as Microsoft is strongly investing in OpenAI, ByteDance in China may be comparable to OpenAI in the USA.
Even the richest private Banks are having a hard time.
First revenue decline.