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The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but are rather today's "new normal" to meet rising user demand, Fidji Simo, OpenAI's de facto number two, said Monday."What I am seeing here is a massive investment in computing power, (with) us meeting (this need) for computing power so incredibly badly for a lot of use cases that people want," Simo told AFP in her first interview since she took office August 18 as Chief Operating Officer of OpenAI's applications, including its flagship model ChatGPT."From that perspective, I really do not see that as a bubble. I see that as a new normal, and I think the world is going to really switch to realizing that computing power is the most strategic resource."

Japan's Nikkei share average closed at a record high on Wednesday, fighting back from early losses on optimism buoyed by investments in artificial intelligence. The Nikkei 225 Index rose 0.3% to close at an unprecedented 45,630.31, recovering from earlier session losses as wide as 0.6%. The broader Topix gauge gained 0.2%. The Nikkei's largest gainers were industrial manufacturer IHI, which rose 9.7%, followed by SoftBank Group, which jumped 6%. The sharpest falls were in shares of utility Tokyo Electric Power, which was down 4.89%, followed by video game maker Nexon, which sank 3.8%.

Latvia, which offers attractive opportunities through eight free zones, is seeking investments from Qatar, especially in information and communications technology, food security, tourism, renewable energy, healthcare, and logistics.This was discussed at a Qatar Chamber meeting with Dana Goldfinča, non-resident Ambassador of Latvia to Qatar.She was received at the chamber’s headquarters by board member Abdulrahman bin Abduljalil bin al-Abdulghani, in the presence of other members Abdullah al-Emadi and Dr Mohammed bin Johar al-Mohammed.The meeting discussed ways to enhance trade and economic relations between the two countries, explored potential areas of cooperation between the Qatari and Latvian private sectors, and highlighted key investment opportunities for Qatari businessmen in Latvia.Abdulrahman al-Abdulghani said the current volume of trade between Qatar and Latvia remains very modest, underlining the importance of strengthening cooperation between the private sectors of both countries to expand trade exchange and mutual investments.Inviting Qatar Inc to Latvia, Goldfinča emphasised her country’s openness to Qatari investments across all sectors.The envoy further highlighted the importance of enhancing cooperation between the Qatar Chamber and the Latvian Chamber of Commerce and Industry to facilitate communication and foster stronger ties between the business communities of both countries.

His Excellency the Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud al-Thani met Seiji Imai, Chairman of the Board of Directors of Mizuho Financial Group here today.During the meeting, they discussed the latest developments in global finance and investments.