☕️ Good morning, friends,

Money only has value when you spend it.

At least that is what a woman from China’s Henan province seemed to believe. She gave more than 160,000 USD to male livestreamers.

The whole thing was (unknowingly) financed by her husband, who lived in a tiny rental apartment and transferred almost his entire salary to her.

Luckily, AI can now replace divorce lawyers quite well and quite cheaply. 😉

P.S. Invest your time in knowledge and valuable connections instead. For example, this weekend with our partner CEIBS.

Highlights: Buoyed by the tech rebound on Wall Street, Asian markets edged higher on Tuesday. Alphabet’s 6.3% jump, driven by its new Gemini-3 model, lifted the global AI sector and Asia’s tech stocks followed suit.

Additionally, the prospect of a Fed rate cut in December is boosting risk appetite after New York Fed President Williams signaled “room for further adjustments.

TOP BIT

🚗 Bye bye, Germany: VW turns China into its innovation hub

For the first time in Volkswagen’s corporate history, entire vehicle platforms and key technologies can be developed, tested and brought to series production outside Germany.

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