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Even with stocks only a couple of percentage points below record highs, global financial markets wobbled in August. Last week’s big focus was the continued rise in bond yields, thanks to ballooning government deficits, the monster wave of artificial intelligence debt, and inflation worries.

Asia-Pacific has no shortage of ambition when it comes to artificial intelligence. Governments are announcing AI strategies, hyperscalers are expanding infrastructure, and enterprises are moving generative AI from experimentation into customer service, software development, finance and operations.