Bets on artificial intelligence companies have dominated US equity markets for three years, powering a 78% gain. A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end.

Two of China’s largest generative AI startups are set for back-to-back debuts in Hong Kong this week, testing investor appetite for an industry that blossomed in the post-ChatGPT era. Yet Zhipu and MiniMax — among the country’s earliest challengers to sector leaders including OpenAI — took very different routes to public markets.

Siemens AG Chief Executive Officer Roland Busch sees potential deals in artificial intelligence, life sciences and operations software, which runs factories.

When Julie Yukari posted a New Year’s Eve photo in a red dress with her cat, she didn’t expect X users to tag Grok asking it to undress her. Within hours, nude AI-generated images of her had spread across the social-media website — without her consent and without consequences.

Discord Inc. filed confidentially for an initial public offering, according to people familiar with the matter, adding to a rapidly growing pipeline of venture capital-backed tech listings.

Balch & Bingham has added 21 attorneys plus staff from Duggins Wren Mann & Romero, a Texas-based firm serving the energy sector.