China’s AI Future Looks Like a Long Road to Small Profit

Bitcoin has rebounded to a two-week high, reflecting a cautious recovery in the digital-assets market following a significant selloff that began in early October. Concurrently, the European Union has finalized a deal to accelerate the phase-out of Russian gas, impacting energy markets. Inditex, the parent company of Zara, reported a rise in November sales, indicating strong consumer spending resilience.

Over two-thirds of retailers have begun to partially implement AI agents to enhance operational efficiency, particularly in customer service. This trend indicates a growing reliance on artificial intelligence to streamline processes and improve customer interactions.

A Nobel Prize winner in Physics has issued a warning that China is rapidly closing the gap with the United States in the quantum computing race, indicating that the competition is intensifying. This statement underscores the urgency of advancements in quantum technology and the implications for global leadership in this critical field.

The cryptocurrency market is experiencing a rally, but analysts Mark Cudmore, Guy Johnson, and Anna Edwards suggest that this momentum may soon diminish, as discussed on Bloomberg's 'The Opening Trade.' Recent fluctuations in Bitcoin prices have raised concerns about the sustainability of this upward trend.

Researchers have identified 354 accounts on TikTok that generated 4.5 billion views in a month through AI-generated content, including anti-immigrant and sexualized material. This alarming trend highlights the potential misuse of generative AI tools in spreading harmful narratives.

Wikipedia co-founder Jimmy Wales has raised concerns about the financial impact of AI bots scraping the site, emphasizing that maintaining trust within the community is a top priority. He discussed these issues during an interview with Romaine Bostick and Katie Greifeld on Bloomberg Technology.

China's Zhuque-3 rocket, resembling SpaceX's Falcon 9, is on track to become the country's first reusable rocket, marking a significant step in China's space ambitions. This development highlights the growing capabilities of Chinese aerospace technology and its potential to compete with established players in the global space industry.

Stocks rose as Bitcoin experienced a notable rebound, climbing back above $90,000 after a significant selloff that had previously erased nearly $1 billion in leveraged bets. This recovery was highlighted during the U.S. market close coverage on Bloomberg Television, where analysts discussed the implications for investors and the broader market.