The AI future is now, and markets are reacting differently in the US and China
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Investor jitters grow in the US as AI reshapes expectations, but China’s markets have so far reacted with caution rather than panic.

Artificial intelligence is already reshaping industries and markets, even though artificial general intelligence (AGI) – a still theoretical form of AI capable of humanlike reasoning across many tasks rather than single specialised functions – has yet to be achieved. That was the message of a recent essay posted on X by start-up founder Matt Shumer, titled “Something Big Is Happening”. He likened the current moment to the period just before the Covid-19 pandemic, arguing that the disruption…

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