Hyatt has announced an expansion of its partnership with Chase, coinciding with the milestone of reaching 60 million members in its loyalty program. This growth not only highlights the increasing popularity of Hyatt's offerings but also strengthens the collaboration with Chase, enhancing benefits for members. Such partnerships are crucial in the competitive hospitality industry, as they provide customers with more value and options, ultimately driving customer loyalty and satisfaction.

A technology start-up incubator co-founded by Sir Keir Starmer's former AI adviser is approaching a remarkable £1 billion valuation after attracting new investment. This development is significant as it highlights the growing interest and confidence in innovative tech ventures, especially those linked to prominent figures in politics, which could inspire further investment in the sector.

SolarEdge and Infineon have teamed up to develop cutting-edge power technology for data centers, a move that could significantly enhance energy efficiency and sustainability in the tech industry. This partnership is important as it addresses the growing demand for reliable and eco-friendly power solutions in data centers, which are critical for supporting the increasing digital infrastructure.

Meta Platforms Inc. is facing scrutiny as its significant investments in artificial intelligence are drawing parallels to the costly metaverse spending that previously hurt its stock performance. This situation raises concerns among investors about the sustainability of Meta's financial strategies and whether these new ventures will yield positive returns or lead to further declines.

Global stock markets are experiencing a downturn, primarily driven by a sell-off in the US that has raised concerns over inflated valuations in the artificial intelligence sector. This decline is particularly evident in Asian markets, where companies heavily reliant on AI demand are feeling the impact. This situation is significant as it reflects broader anxieties about the sustainability of tech-driven growth and could influence investor sentiment worldwide.

Deutsche Bank is exploring various strategies to manage its exposure to data centers amid the growing demand for AI lending. Executives are considering options such as shorting a basket of AI stocks or utilizing derivatives to effectively transfer risk.

Naver, the South Korean internet giant, has reported record earnings for the third quarter, thanks to a strong push in artificial intelligence that has significantly boosted growth in its core platform and online commerce segments.

Asia's stock markets took a hit on Wednesday morning, primarily due to a selloff in tech stocks. Concerns over inflated valuations and fears of an artificial intelligence bubble, which began in the U.S. overnight, contributed to this downturn.