Trump plans executive orders to power AI growth in race with China
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS
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The Standard
6 hours ago
- The Standard
Trump plans executive orders to power AI growth in race with China
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS


South China Morning Post
7 hours ago
- South China Morning Post
S&P 500, Nasdaq hit record highs on renewed AI bets, rate-cut hopes
The S&P 500 and Nasdaq Composite hit all-time highs on Friday as megacap stocks surged on renewed AI enthusiasm and the prospect of a looser monetary policy, powering a recovery in US stocks from a months-long rout. The benchmark index rose 0.2 per cent to 6,154.81 points, surpassing the previous peak of 6,147.43 on February 19, while the tech-heavy Nasdaq gained 0.3 per cent to 20,229.31 points, exceeding its record high of 20,204.58 on December 16. Markets rallied this week as an upbeat forecast from chipmaker Micron brought back investor confidence around artificial intelligence, while AI bellwether Nvidia hit a record high to reclaim its position as the world's most valuable company. 02:17 Nvidia CEO Jensen Huang unveils plan to build 'AI supercomputer' in Taiwan Nvidia CEO Jensen Huang unveils plan to build 'AI supercomputer' in Taiwan Risk appetite also benefited from a US-brokered ceasefire to a 12-day air battle between Israel and Iran that sparked a jump in crude prices and raised worries of higher inflation. Dovish remarks from Federal Reserve policymakers have also aided sentiment. Trump's April 2 'reciprocal tariffs' on major trading partners and their chaotic roll-out had put the S&P 500 within striking distance of confirming a bear market when it ended down 19 per cent from its February 19 record closing high. The Nasdaq had tumbled 26.7 per cent from its previous peak, marking a bear market days after Trump's 'Liberation Day' on April 2.


South China Morning Post
8 hours ago
- South China Morning Post
Mammals could regenerate damaged tissue by turning on ‘genetic switch': Chinese team
Chinese scientists say they have restored the damaged outer ear in mice, a mammal that lacks natural regenerative abilities. The researchers said the pathway they identified could be applied to different tissue types and play a significant role in advancing regeneration in vertebrates. The team found that a mouse's failure to regenerate stemmed from an inability to produce sufficient retinoic acid, a derivative of vitamin A that regulates what cell type emerges during a cell's development and tissue repair. 10:16 Rise in Hong Kong infant eczema cases linked to 'excessive' Covid-19 cleaning habits Rise in Hong Kong infant eczema cases linked to 'excessive' Covid-19 cleaning habits This was because mice had lost the DNA 'remote controls' that switch on the gene that encodes an enzyme to convert vitamin A into retinoic acid, they found. By turning on the 'evolutionarily disabled genetic switch', the scientists could reactivate the regeneration of the mouse ear. 'Our study identified a genetic switch involved in the evolution of regeneration,' said the researchers from the National Institute of Biological Sciences in Beijing, the BGI-Research genomics institute and the Shaanxi Key Laboratory of Molecular Biology for Agriculture. They published their research in the peer-reviewed journal Science on Thursday. Some animals possess the power of regeneration. Salamanders, for example, can regrow tissues, organs and limbs, while teleost fish can regenerate nervous tissue and restore function following injuries to their central nervous system. But mammals, including humans, have limited capacity to rejuvenate tissue and organs.