Kimberley Kao

Analytics and artificial-intelligence software firm Databricks says its business in Asia is accelerating and plans to invest more in Singapore to tap regional demand.

The San Francisco-based company will be ready for an IPO once annual revenue exceeds $1 billion, Xu said in an interview.

Artificial-intelligence coding startup Cognition raised $2 billion in a Series E funding round at a valuation of $48 billion.

India’s economy maintained a solid pace of growth in the April-June quarter, showing resilience even as the Middle East conflict clouded the outlook.

China’s three largest state-owned airlines posted deeper losses, dragged by weak domestic pricing and high fuel costs spurred by the Middle East conflict.

Oil prices rose amid growing doubts that the Strait of Hormuz can reopen soon, bolstering concerns over supply disruptions in the Middle East.

The Federal Aviation Administration has ordered the inspections of Boeing 737 Max jets for cracks of a component that could affect the structural integrity of the planes.

India’s central bank held rates steady again, saying that the economy remains resilient in the face of pressure stemming from the conflict in the Middle East.

Strong U.S. tech earnings revived enthusiasm for artificial-intelligence spending, while the yen weakened further after the Bank of Japan stood pat.

Chip stocks led declines as concerns about the longevity of artificial-intelligence enthusiasm weighed on market sentiment.