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9/11
04:51
a16z Partner: AI is pushing the "power law distribution" of tech investments to the extreme, traditional SaaS faces the risk of being abandoned by the era.
Andreessen Horowitz (a16z), a top-tier Silicon Valley venture capital firm, released an in-depth podcast interview on September 10. Partners Jen Kha and David George, along with Aram Verdiya, Partner at Accolade Partners, unanimously agreed that AI is transforming the "power law effect" from a characteristic of the VC industry into a systemic rule across the entire capital market. They pointed out that for the first time, capital can be directly converted into computing power, strengthening corporate moats, while traditional SaaS assets unable to achieve AI-nativity face severe risks. The interview mentioned that AI revenue reached $100 billion in just four years, compared to 15 years for SaaS. Among 3,000 VCs in the US, only 20, less than 1%, achieved a sustained 3x net return over the past two decades.
04:51
Japan's MUFG Prices $1.3 Billion Perpetual AT1 Bond Amid Strong Demand
Mitsubishi UFJ Financial Group Inc. (MUFG) priced ¥200 billion ($1.3 billion) of perpetual debt at spreads tighter than its previous sale, as investors gravitated toward subordinated issues.
04:49
France lowers 2026 GDP growth forecast to 0.5%, expects 1% growth in 2027
04:48
Bank of America Strategists Warn: Volatility to Intensify as Funds Exit US Equities
U.S. equity outflows are setting the stage for higher volatility as markets and policymakers remain complacent about rising government bond yields, according to Bank of America strategists.
04:48
IEA Warns Oil Demand May Have to Fall Further as Iran War Drags
The International Energy Agency (IEA) cut its forecast for oil demand, stating that consumption may need to decline further in the coming months as the Iran war continues and consumers are forced to adjust to lower supply.
04:44
U.S. stock futures nudged higher and Treasury yields retreated slightly, but investors remained on edge ahead of crucial inflation data later.
04:42
Brent crude oil is down 2.74% today, currently trading at $104.680.
04:41
DBS Lawsuit Linked to Jho Low’s Associate, Says 1MDB Taskforce
A lawsuit filed against Singapore's DBS Group Holdings Ltd. in the High Court is related to an associate of Jho Low, the alleged mastermind behind the multi-billion dollar 1Malaysia Development Bhd. scandal, according to the 1MDB Asset Recovery Taskforce.
04:41
European natural gas prices are set for their biggest weekly gain since July, as the expanding Middle East conflict exacerbates concerns about energy supply disruptions.
04:32
SFC bans Mok Cheuk Ling for 42 months
04:31
Anthropic Warns AI Could Be Used for Bioweapons, Has Blocked Several Related Attempts
U.S. AI company Anthropic reported that it has blocked multiple attempts to use its AI models, including the chatbot Claude, for research that could aid in the development of biological weapons. The report cited cases of misuse over the past eight months, including one where scientists sought help to modify the Chikungunya virus to make it more harmful, with the work potentially intended for military research institutions. Jacob Klein, Head of Threat Intelligence at Anthropic, stated that the company takes a cautious approach to research intentions. Andrew Weber of the Strategic Risk Council called for restricting access to AI models. Donald Trump dismissed concerns that AI could lead to human extinction, emphasizing the importance of the U.S. leading the AI race.
04:31
Databricks Chief Revenue Officer Ron Gabrisko stated that the company's annual recurring revenue (ARR) has grown from less than $1 million to over $7 billion, with approximately $1.7 billion of that coming from AI-related revenue.
Databricks Chief Revenue Officer Ron Gabrisko revealed in an interview that the company achieved a rare enterprise software expansion over ten years, growing its annual recurring revenue (ARR) from less than $1 million to over $7 billion. He noted that the core drivers of this growth were data context, enterprise governance, usage-based pricing, and a continuously rebuilt sales system. Currently, Databricks' AI-related revenue alone has reached approximately $1.7 billion.
04:31
Neko Health CEO Hjalmar Nilsonne predicts AI and personalized medicine could help people live longer
Nilsonne explained on "Bloomberg Tech: Europe" how Neko's full-body scans combine imaging, cardiovascular testing, and blood analysis to build a detailed health picture. Repeated scans create longitudinal data to track changes and uncover deeper patterns over time. He believes this technology could shift healthcare from treating symptoms to identifying risks earlier.
04:30
Yemeni government forces withdraw from Perim Island in Bab el-Mandeb Strait, according to two Yemeni governmental sources.
04:29
Wall Street expects U.S. Treasury yields to normalize in the 4%-5% range. Bloomberg economists estimate the 10-year U.S. Treasury yield to be close to 4.7% and note that structural factors may limit Donald Trump's efforts to cut interest rates.
US Treasury yields are reaching their highest levels since 2008, with the market widely anticipating further interest rate hikes from the Federal Reserve. Bloomberg economists analyze that structural factors such as increasing government debt, weakening global savings, rising defense spending, and the AI investment boom are pushing up borrowing costs. This could structurally constrain Donald Trump's efforts to significantly lower interest rates.
04:21
Indonesian Builder PT PP to Restructure $1 Billion Bank Loans
The Indonesian state-owned builder PT PP will restructure 18.2 trillion rupiah ($1 billion) in bank loans. The company signed the agreement with state lenders PT Bank Mandiri, PT Bank Rakyat Indonesia, PT Bank Negara Indonesia, and PT Bank Syariah Indonesia on September 10, according to a stock exchange filing.
04:10
IEA Says Ukraine Strikes Degrade Russian Oil-Refining Industry, With Sanctions Preventing Recovery from Drone Attacks
The International Energy Agency (IEA) stated that Russia’s oil-processing capacity is being degraded, as sanctions prevent the refining industry from recovering from more intense and precise Ukrainian drone strikes.
04:09
Houthis reach Yemeni port city of Dhubab along Bab el-Mandeb Strait, according to two Yemeni governmental sources.
04:06
Nikkei Analysis: China is leveraging its massive market demand into global bargaining power through centralized procurement.
04:05
The U.S. Department of Justice acknowledges Tether's assistance in combating global crypto fraud networks, an operation that froze over $52 million in cryptocurrencies.
Tether announced today that the U.S. Department of Justice (DOJ) has recognized its active assistance in combating an international cryptocurrency fraud, money laundering, and scam operation network. The DOJ's Fraud Section's Combatting Transnational Repression Initiative announced that over $52 million in cryptocurrency was frozen in a single day as part of a coordinated action against Xinbi Guarantee, which targets the Chinese market. The DOJ specifically thanked Tether for its active role in this investigation.
04:05
Armed Israeli settlers in military uniforms are seizing land and attacking Palestinian communities in the West Bank with near-total impunity
An Al Jazeera report details instances of settlers, some identified as army reservists, operating with broad autonomy and disregarding military authority. The EU sanctioned the Israeli organization Hashomer Yosh and its president in May 2026 for providing material support to violent outposts.
04:03
Bridgewater Associates Co-CIO Greg Jensen Compares Current AI Moment to February 2020
Bridgewater Associates co-CIO Greg Jensen, in an article for Bloomberg Markets, likened the risks posed by current AI development to the eve of the COVID-19 outbreak in February 2020. He had previously proposed a "token tax" to mitigate job displacement caused by AI.
04:03
Bridgewater Associates co-CIO Greg Jensen penned an op-ed in The New York Times, proposing a "token tax" to mitigate job displacement caused by AI.
Bridgewater Associates co-CIO Greg Jensen, an early backer of OpenAI and Anthropic, is leading the hedge fund's AI strategy. Jensen recently published an op-ed in The New York Times proposing a "token tax" to address potential job displacement caused by artificial intelligence.
04:03
South Korea's Upbit has partnered with PLUME to launch a PLUM Mystery Box event, TOP Trading event, and Net Deposit event, with a total value of 70 million Korean Won.
04:00
Bloomberg Analysts: Oil Price Move Matters More Than CPI
04:00
Hang Seng Bank Launches Five Wealth Management Strategies to Address Changes in Hong Kong's Wealth Landscape
Hang Seng Bank has launched five wealth management strategies aimed at addressing changes in Hong Kong's wealth landscape, shifting from single-product investments to integrated planning. These strategies are designed to enhance financial resilience, support lifestyle continuity, and achieve long-term intergenerational wealth transfer. Strategic directions include optimizing the service network and transitioning towards family wealth planning.
03:45
The Korea Herald has partnered with YK Law Firm to launch "Policy Inside," an executive briefing program.
The Korea Herald and YK Law Firm signed a memorandum of understanding on Friday to jointly operate "Policy Inside," a private breakfast briefing program. The program aims to help business leaders navigate changes in government policies and regulations, providing policy analysis for CEOs and executives.
03:44
Bybit Lists HORIZONUSDT TradFi Perpetual Contract, Offering Up to 25x Leverage
03:43
Indian fintech companies, after conquering the payments market, are now shifting their focus to the credit market, which is more than twice the size of the payments market.
Following the successful popularization of digital payments in India, fintech companies are now setting their sights on the country's underserved credit market. Industry leaders stated at the Global Fintech Fest in Mumbai that the credit market is "more than double" the size of the payments market, with only 15% of Indian adults having access to formal credit. Among these companies, BharatPe launched its pre-approved credit product, BharatPe Flex, on Thursday, offering credit lines of up to 60,000 rupees. Indian Prime Minister Modi also urged fintech companies on Tuesday to increase their share of "non-payment transactions." Amazon Pay also plans to expand its "frictionless consumer credit" services.
03:43
Bybit to list MEITUUSDT TradFi Perpetual Contract with up to 25x leverage

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