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TikTok CEO Shou Zi Chew and Microsoft executive Judson Althoff warned at separate Singapore events that global enthusiasm for AI may be excessive and the technology remains immature. They said cybersecurity, not hypothetical long-term AI threats, is

2026-10-12

TikTok CEO Shou Zi Chew and Microsoft executive Judson Althoff warned at separate Singapore events that global enthusiasm for AI may be excessive and the technology remains immature. They said cybersecurity, not hypothetical long-term AI threats, is the more immediate risk as companies rush to adopt AI. Chew said humans still outperform AI in many creative tasks, in fine-grained visual recognition and in long-term memory retrieval. Althoff said: 'I want to separate hype from reality. There is no development path where unlimited cognitive compute ultimately replaces human goals and values.' Both urged firms to better understand AI-related cybersecurity risks, which Chew described as 'quite real' in the near term.

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2026-10-12

Ukrainian President Zelensky: Any election requires a comprehensive ceasefire.

Ukrainian President Zelensky: Any election requires a comprehensive ceasefire.
2026-10-12

Hong Kong stocks closed mixed after an intraday high above 1% for the HSI. The Hang Seng Index (HSI) ended up 0.25%; the Hang Seng Tech Index fell 0.67%. Mainland bank names were bid—China Merchants Bank (03968.HK) rose over 3%. Stablecoin-themed and

Hong Kong stocks closed mixed after an intraday high above 1% for the HSI. The Hang Seng Index (HSI) ended up 0.25%; the Hang Seng Tech Index fell 0.67%. Mainland bank names were bid—China Merchants Bank (03968.HK) rose over 3%. Stablecoin-themed and biotech names saw gains—01328.HK and 02696.HK each climbed more than 3%. Outperforming sectors included power, Chinese brokerages, marquee internet, lithium batteries and AI. Optical-communications shares extended losses—Cambridge Technology (06166.HK) tumbled over 11% and 06869.HK fell more than 7%. PCB names underperformed—03200.HK dropped over 9%. Chips, mainland property, new-consumption and NEV sectors were also weaker.
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