Asia hedge funds notch triple-digit gains in AI-led rally By Reuters

• Microsoft has reportedly shut down Compulsion Games, the studio behind the upcoming title South of Midnight. • The closure comes despite the game being a highlighted project for the Xbox ecosystem, leaving the current status of the title's release uncertain.

• Hong Kong businesses have surpassed the global average in AI spending, focusing primarily on creating safe testing environments for the technology. • In contrast, mainland Chinese firms are aggressively integrating AI directly into their workforces to reshape daily operational workflows.

• Taiwanese companies significantly increased their enterprise AI investments and adoption throughout 2026, according to the latest Enterprise AI Maturity Index from Dun & Bradstreet. • Despite this growth, firms are struggling with critical gaps in technology architecture and a lack of measurable return on investment (ROI).

• French AI startup Mistral is in negotiations to raise €3 billion in new funding, targeting a company valuation of €20 billion. • The move comes as Mistral depletes its existing €3.5 billion war chest of debt and equity faster than its current revenue can replenish.

• Morningstar editor Tori Brovet has identified 12 undervalued technology stocks that are currently attractive for long-term investors. • The selection focuses on companies benefiting from the ongoing AI infrastructure boom, which has already triggered significant rallies across the sector.

• UK business leaders are being urged to collectively embrace AI development and data intelligence to secure a competitive global advantage. • The initiative emphasizes that the transition from boardroom strategy to bottom-line results requires overcoming fundamental implementation challenges.

• TechLatest released its 20th AI & Tech Weekly roundup, covering key industry developments from June 08 to June 14, 2026. • The report highlights significant advancements in frontier models, specifically focusing on the integration of agentic capabilities.

• A survey of 200 senior leaders across Western and Central Europe reveals that nearly all organizations feel significant pressure to scale AI to improve customer experience (CX). • Despite this push for adoption, only 38% of these organizations have established a clear approach to AI governance.

• China is aggressively expanding its "AI token economy," focusing on increasing the scale and volume of data processing to dominate the next era of artificial intelligence. • This shift aims to reshape the costs and operational scale of AI systems, though it introduces significant vulnerabilities regarding infrastructure attacks and data leakage.

• Jeffrey Burt has announced upcoming speaking engagements, including a keynote address at Cybernation 2026 in Berlin, Germany, on June 24, 2026. • Burt is also scheduled to speak at the Potsdam Conference on National Cybersecurity, hosted at the Hasso Plattner Institut in Potsdam, Germany.

• The FCM M&E 2026 Trends Report indicates that MICE planners continue to prioritize face-to-face meetings despite a heightened focus on risk management and logistics. • Safety and flexibility have become primary drivers in decision-making, with planners implementing stricter oversight of event security and operational agility.