AGP Executive Report
Last update: an hour agoU.S. Growth: The economy expanded at a 3.4% annual pace in the third quarter, powered by consumer spending and a surge in AI-related investment. AI Funding: Nvidia is set to invest $1 billion in South Korea’s Naver, while chipmaker Tenstorrent raised $1.5 billion at a $6.2 billion valuation. Enterprise automation startup Serval also secured $150 million to expand. Small Business: Australian sales rose 5.2% year over year in the September quarter, below the long-term average of 7.8%; retail and hospitality businesses lagged as higher costs and cautious shoppers weighed on trade. Manufacturing: A U.S.-majority-owned startup plans a $600 million rare-earth refinery in Malaysia, aiming to build a new supply source outside China. South Korea: Industrial output, retail sales and facility investment all climbed in September, led by strong semiconductor production.
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