Reuters Asia Business

By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Tiger Brokers said on Tuesday it embedded DeepSeek’s model into its AI-powered chatbot, as brokerages and money managers race to capitalise on the Chinese start-up’s artificial intelligence breakthrough, and develop use cases for the financial industry. The integration of the DeepSeek-R1 model into TigerGPT follows DeepSeek’s …

Tiger Brokers adopts DeepSeek model as Chinese brokerages, funds rush to embrace AI Read More »

By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -HSBC has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs. The job cuts in its regional hub Hong Kong started on …

HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says Read More »

(Reuters) – Novo Nordisk is seeking up to $830 million in damages from KBP Biosciences, according to a ruling by a Singapore court, as the Danish drugmaker says it was misled when it bought a new hypertension drug from KBP in 2023. The Singapore International Commercial Court at the request of Novo Nordisk ordered the …

Novo Nordisk alleges fraud after $1.3 billion deal to buy hypertension drug from KBP Biosciences Read More »

(Reuters) – Elon Musk’s artificial intelligence startup xAI has introduced Grok-3, the latest iteration of its chatbot, as it looks to compete with Chinese AI firm DeepSeek, Microsoft-backed OpenAI, and Alphabet’s Google. Grok-3 debut comes at a critical moment in the AI arms race, just days after DeepSeek unveiled its powerful open-source model and as …

Musk’s xAI unveils Grok-3 AI chatbot to rival ChatGPT, China’s DeepSeek Read More »

By Eduardo Baptista and Brenda Goh BEIJING/SHANGHAI (Reuters) -When President Xi Jinping hosted entrepreneurs at a rare meeting in Beijing in 2018, the executives granted coveted front-row seats came from industries ranging from high-tech to energy, and few were familiar names. Fast-forward seven years and that line-up has changed markedly as Beijing buckles down to …

Analysis-Xi’s new frontline corporate guard showcases his priorities, control Read More »