Funds dedicated to the old world and conventional asset classes enjoyed a rare moment in the sun during the second week of February, which ended with the new US administration promising reciprocal tariffs on trading partners and a higher-than-expected February inflation number for the world’s largest economy.
Reports that a Chinese company had built and trained an open-source artificial intelligence (AI) model in record time, and at a fraction of the costs incurred by US developers, roiled US equity markets during the final week of January. Investors found themselves revisiting assumptions about the major drivers of US markets such as Nvidia, Alphabet and Meta.
Reports that a Chinese company had built and trained an open-source artificial intelligence (AI) model in record time, and at a fraction of the costs incurred by US developers, roiled US equity markets during the final week of January. Investors found themselves revisiting assumptions about the major drivers of US markets such as Nvidia, Alphabet and Meta.