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Yahoo
6 minutes ago
- Yahoo
China calls for global 'consensus' on AI regulation
Chinese Premier Li Qiang on Saturday urged the international community to build a global consensus on artificial intelligence (AI) governance, highlighting security risks amid the raging tech race between Beijing and Washington. Speaking at the opening of the World Artificial Intelligence Conference (WAIC) in Shanghai, Li said it is prudent to look at "how to find a balance between development and security [which] urgently requires further consensus from the entire society." Li also announced the creation of a Chinese-led body to promote global AI cooperation and open-source development to keep AI from becoming "the preserve of a few countries and a few enterprises." What is the tech rivalry between the US and China? The three-day WAIC event comes amid intensifying US-China competition in advanced AI technology. Just days before, US President Donald Trump announced the slashing of AI regulations to maintain the US' dominance in the field even as Washington continues to restrict exports of high-end chips to China, citing national security concerns. These restrictions are forcing Chinese companies to look for alternatives, with startup DeepSeek introducing an AI model in January that matched the performance of leading US systems, despite working on less advanced chips. Li, without naming the US, criticized monopolistic control and called for open access to AI technologies, warning of insufficient supply of AI chips and restrictions on talent exchange otherwise. "Only by adhering to openness, sharing and fairness in access to intelligence can more countries and groups benefit from (AI)," he said. 'AI a test of international cooperation' At the WAIC opening ceremony, UN Secretary-General Antonio Guterres said in a video message that AI regulation would be "a defining test of international cooperation." More than 800 companies are participating in this year's WAIC, showcasing over 3,000 tech innovations. While Chinese firms like Huawei and Alibaba are the main entrants, international firms including US-based companies Tesla, Alphabet, and Amazon are also present. Edited by: Saim Dušan Inayatullah
Yahoo
3 hours ago
- Yahoo
Chubb Limited (CB): An Oversold Insurance Giant with a Growing Dividend
Chubb Limited (NYSE:CB) is included among the 10 Oversold Dividend Stocks to Buy According to Hedge Funds. A close-up of an insurance agent's hand pointing to a marine insurance policy, highlighting the company's expertise in marine coverage. Chubb Limited (NYSE:CB) ranks among the largest publicly traded property and casualty insurers in the world. In recent years, the company has worked to grow its presence outside of North America, with particular focus on markets in Asia, Latin America, and Europe. Its strategy centers on disciplined underwriting, meaning it takes a careful approach to selecting which risks to insure and how to price them, while also aiming to manage risk across multiple product lines and regions. In the second quarter of 2025, Chubb Limited (NYSE:CB) reported P&C net premiums written of $12.39 billion, which showed a 5.2% growth from the same period last year. Net income rose to $2.97 billion, marking an increase of 33.1%, while core operating income reached a record high of $2.48 billion, reflecting a 12.9% gain. Property and casualty underwriting income reached a record $1.63 billion, representing a 15.0% increase, while the combined ratio stood at 85.6%. Chubb Limited (NYSE:CB)'s cash position also remained stable during the quarter. The company's operating cash flow came in at $3.55 billion and ended the quarter with cash and cash equivalents of $2.4 billion. During the quarter, the company also returned $388 million to shareholders through dividends. In addition, it holds a 32-year streak of consistent dividend growth. The company offers a quarterly dividend of $0.97 per share and has a dividend yield of 1.44%, as of July 25. While we acknowledge the potential of CB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 hours ago
- Bloomberg
China's Premier Takes Aim at AI ‘Monopoly' as US Effort Quickens
China will spearhead the creation of an international organization to jointly develop AI, the country's premier said, seeking to ensure that world-changing technology doesn't become the province of just a few nations or companies. Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier Li Qiang told the World Artificial Intelligence Conference in Shanghai on Saturday. That means more international exchanges, Beijing's No. 2 official said during China's most important annual technology summit.
