In today’s briefing:
- Ohayo Japan | Inflation Print Hotter than Expected…again
- Funds Pour Into Chinese AI Startups Challenging OpenAI’s Sora in Video Generation
Ohayo Japan | Inflation Print Hotter than Expected…again
- US Stocks declined, halting a 3-day winning streak, as U.S. inflation data exceeded expectations, driving Treasury yields higher
- Feb’s Producer Price Index rose 0.6% from last month, higher than market expecations of 0.3%. Oil prices rallied again on IEA warning that supplies would lag this year
- U.S. President Joe Biden expressed his desire that steelmaker U.S. Steel remains American-owned
Funds Pour Into Chinese AI Startups Challenging OpenAI’s Sora in Video Generation
- Venture capital investors are pouring hundreds of millions of yuan into China’s burgeoning video generation startups, betting on their potential in the artificial intelligence race to rival OpenAI’s text-to-video model Sora.
- This week, two leading Chinese generative AI startups announced the successful closure of their latest funding rounds, with each securing more than 100 million yuan ($14 million).
- Both aim to catch up with Sora in the coming months.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
