The global asset management market is projected to grow from $885.92 billion in 2025 to $18,071 billion by 2035, at a CAGR of 35.2%. This surge is fueled by AI and IoT technologies transforming enterprise asset management from basic maintenance to predictive and autonomous operations, enhancing efficiency and reliability. Key sectors driving growth include manufacturing, financial services, and infrastructure, with cloud-based software dominating the market. The U.S. and Europe lead in market size, while Asia Pacific shows the fastest growth due to rapid industrialization and digital adoption.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
