- SoftBank is looking to invest in artificial intelligence (AI) despite a difficult period for tech investors.
- The value of AI as a new technology to be deployed by existing companies is being debated, rather than as companies that could open up whole new markets.
- Previous advances in machine learning have accrued almost entirely to incumbents.
- It is possible that an investment in a broad index fund tracking existing listed tech companies may outperform the equivalent investment in private AI-focused startups.
- As things stand, it looks more likely that the market value of AI will end up as a new string to the bow of already giant tech firms.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec