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In the wake of Microsoft Corp.’s $10 billion investment in OpenAI in January, other tech giants raced to partner with leading AI startups through funding and cloud computing deals. Salesforce Inc. led a round in Hugging Face at a $4.5 billion valuation.
Zhang Kun, who oversees US$13 billion for Guangzhou-based E Fund Management, bought more shares in online delivery giant Meituan and TSMC in the first quarter, betting the worst of a regulatory crackdown was over and that an AI boom would bolster demand for processing chips.
Some of this year’s top performers have the worst trailing returns.
Netflix isn’t done with its acquisition spree in gaming as it adds Boss Fight Entertainment to its growing portfolio of games.
As Tesla struggled with production problems, dwindling cash and an erratic Musk in 2018, Wood gave a full-throated defense of the company, her largest single holding. That began an unlikely mind meld between Wood and the new generation of tech-focused, risk-hungry people who started trading in droves in 2020.