| Mobile Web

Search results for Nikkei

AI & Enterprise

Broadcom CEO warns of \'casino-like\' AI investing even as it backs major AI chip financing

Broadcom Chief Executive Hock Tan warned that AI-related investing is becoming like casino gambling, while the company is also supporting large-scale financing for customers to buy AI chips. His remarks were followed by a broad decline in Asian semiconductor stocks. Tan said AI profitability cannot be judged by revenue growth alone, citing OpenAI’s annualised revenue and high training costs. Broadcom forecasts sharp AI chip revenue growth and is pursuing funding support for OpenAI and Anthropic.

Crypto

Japan 20-year bond yield tops 3.8 percent, will yen shock hit bitcoin

Japan’s latest 20-year government bond auction cleared at a higher average yield of 3.856 percent, but showed no signs of a demand collapse. Investors are watching whether rising long-term yields could, via Bank of Japan policy shifts and yen moves, weigh on bitcoin and other risk assets. The article says the auction alone does not prove an unwind of yen carry trades, though faster-than-expected yield repricing and financial-sector burdens remain in focus.

Crypto

Citigroup to launch tokenised deposit-based cross-border remittance service in Japan

Citigroup plans to launch a cross-border remittance service based on tokenised deposits for corporate clients in Japan within this year, Nikkei Asia reported on Tuesday. The service will support real-time foreign-currency transfers at night and on holidays, and process real-time cross-border payments between Japan and Citigroup entities in the United States, Britain, Singapore, Hong Kong and Ireland. Citigroup processes about $6 trillion in daily transactions, with about $1 billion a day in tokenised-deposit transfers.