Bloomberg Business

Jefferies Asia’s Nilesh Jasani Said to Leave to Start AI Fund

Nilesh Jasani, Jefferies Financial Group Inc.’s vice chairman in Asia, is leaving the firm to focus on starting a global long-only fund for stocks tied to artificial intelligence, according to a person familiar with the matter.

Nvidia Nears Record High as AI Demand Fuels Blowout Forecast

Nvidia Corp. shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence race delivered a third-straight sales forecast that surpassed Wall Street estimate.

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