Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group.

Shares of French quantum-computing company Pasqal rose by as much as 73% in their Nasdaq debut on Friday before paring gains to trade 40% higher.

Chinese technology conglomerate Huawei plans to expand its AI cooperation with local pharmaceutical firms into drug development and clinical practice, a senior executive said.

Brazil’s data protection authority, ANPD, has fined TikTok owner ByteDance 153.8 million reais ($29.81 million) for allegedly violating the country’s General Data Protection Law, according to a decision published in the official gazette on Tuesday.

The rally in AI-linked stocks that marked the latest earnings season has shifted the focus of the AI investment story from whether Big Tech’s spending spree will pay off to the kind of companies that will deliver returns over the longer term, investors say.

nVent Electric said on Monday it would acquire data center equipment maker Maverick Power for $1.75 billion as it looks to expand its presence in a booming AI infrastructure market.