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AI & Enterprise

HSBC CEO warns not all data centres benefit from AI boom

HSBC CEO Georges Elhedery urged a selective approach to data-centre investment, saying not every facility will prove attractive even as AI spreads. He called AI a major investment theme and a core technology that can help redesign banking, but said infrastructure funding should be judged by contract structure and profitability, including the quality and pricing of leases. His comments come as AI and cloud demand fuel a surge in data-centre spending and raise concerns about rising debt issuance.

AI & Enterprise

Apple, Amazon, Microsoft roll out AI devices ahead of year-end shopping season

Apple, Amazon and Microsoft have introduced a string of consumer devices highlighting generative AI ahead of the year-end shopping season, from laptops to tablets and smart home hubs. The companies are trying to seed new hardware demand by pushing AI assistants into everyday use, but analysts say it is unclear whether AI alone will drive upgrades amid high prices and rising component costs. Subscription models and on-device AI processing are also in focus.

AI & Enterprise

AI models are U.S.-led, adoption shifts to Europe: will global market balance change

Europe lags far behind the United States in investment in AI infrastructure and foundation models, but is rapidly building competitiveness in industry-specific AI application software, an analysis found. McKinsey and European Software Network Boardwave said Europe is emerging as a key hub for AI applications. Europe accounted for 10 percent of global AI investment from January 2025 to June 2026, but its share in AI application investment rose to 44 percent in the first half of this year.