South China Morning Post - Business

As Leopold Aschenbrenner’s US hedge fund saw assets wiped off by more than two-thirds in a single month, some of China’s new portfolio managers also felt the shock across the Pacific, learning bitter lessons early in their careers. The 50-day market turmoil, sparked by a global correction in artificial intelligence stocks in June, turned some of China’s rookie managers into an u...

Investors should further reduce their exposure to US Treasuries and the US dollar over the next decade, as tech-driven inflation and high government deficits are likely to erode their value, a leading private bank has warned. Shifting to commodities and equities in emerging markets offers a greater chance of long-term returns, with global inflation expected to remain volatile an...

Chinese artificial intelligence firm Zhipu, also known as Z.ai, has unveiled its flagship GLM-5.3 model, saying it beat Anthropic’s frontier Mythos 5 model in a key cybersecurity test, as China races to counter Western advances in AI defence. Beijing-based Zhipu said GLM-5.3 achieved a success rate of 84.5 per cent on CyberGym, a benchmark that measures whether models can identi...

Gene-editing therapies for the nervous system may need at least another round of studies before they are safe enough to enter human trials, according to one of the world’s most influential figures in the commercialisation of brain science. “The techniques are reasonably well established for animal experiments, but they really haven’t been as mature for human studies,” said Karol...

After Beijing’s plans to tighten up the taxation of overseas income sent shock waves through the city’s banks and insurers last week, Hong Kong’s insurance regulator will make broadening the sector’s clientele a priority, its reappointed chief said on Friday. “The priority of the Insurance Authority will be placed on broadening the regional clientele beyond Chinese mainland visi...