Some of the world’s biggest asset managers are sounding the alarm about risks to the artificial intelligence boom, even as Wall Street’s top CEOs talk up the potential windfall from the market.

Wall Street’s top chiefs said that capital markets will continue to underwrite the global artificial intelligence infrastructure buildout, with Morgan Stanley projecting cumulative spending could reach $15 trillion over the next decade.

Temasek Singapore President Png Chin Yee is set to join the board of CapitaLand Investment Ltd., while Chairman Miguel Ko is retiring from the real estate asset manager.

Asia’s booming data-center industry faces growing political risks as billions of dollars in investment hinge on a handful of US technology giants whose ability to operate globally could be upended by Washington’s increasingly unpredictable stance toward China, according to the chief of one of Hong Kong’s biggest conglomerates.

Middle East sovereign wealth fund Abu Dhabi Investment Authority and private equity firm Coller EQT are in talks to back a continuation vehicle anchored by a stake in Chinese tech giant ByteDance, according to people familiar with the matter.

Bain Capital is exploring a potential investment in Hong Kong’s New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said.

Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter.

Singapore’s CapitaLand Investment Ltd. is targeting $500 million in commitments from investors for its third Asia Pacific credit program, according to people familiar with the matter.

Bank of America Corp. has promoted Thorsten Pauli to lead the bank’s Asia Pacific Global Capital Markets unit, adding to a flurry of changes in the region.

Mirae Asset Securities Co. said it carried out all its work related to SpaceX’s initial public offering in coordination with the lead underwriters on the deal, disputing a Bloomberg News report published June 30.

It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues.

It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues.

Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.

Underwriters on SpaceX’s $75 billion initial public offering have been told not to accept orders from investors in Hong Kong and China, citing US restrictions around the export of critical technology, people with knowledge of the matter said.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Wall Street giant will likely hire more artificial intelligence specialists and fewer traditional bankers as the adoption of the technology accelerates.

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York’s left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city’s status as a business hub.

HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd., according to people familiar with the matter. The move allowed some US investors to exit the highly-scrutinized asset.

Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said.

New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at $2 billion, people familiar with the matter said.

EQT AB raised $15.6 billion for its latest private equity Asia fund, the largest pool of capital ever assembled for the region, as global investors look beyond the US amid elevated uncertainty.