Siquan New Materials: Application for Issuing Shares to Specific Targets Receives Approval for Registration from China Securities Regulatory Commission
Si Chuan New Materials has received approval from the China Securities Regulatory Commission for its stock issuance to specific investors. Meanwhile, the head of the Monetary Authority of Singapore noted that global equity valuations are heavily influenced by AI, despite uncertainties in AI revenue and rising energy/chip costs, posing risks of insufficient economic benefits and security. In other news, SpaceX has surpassed Amazon in valuation, and Alipay is undergoing its largest-ever redesign. AI
IMPACT AI's influence on global equity valuations is highlighted, alongside concerns about its associated costs and uncertain returns, while SpaceX's valuation surge also reflects market dynamics potentially influenced by AI.