Strong investment in AI infrastructure is keeping global growth at around 3 percent, yielding major benefits for many Asian economies that supply the hardware, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.

Harness engineering is a method to build the software tools, guidelines and feedback mechanisms around an AI model to help it operate as a reliable, autonomous agent.

The administration faces increasing scrutiny over risks posed by advanced AI, after OpenAI and Anthropic reported their AI agents had gone rogue and hacked into other companies' systems.

Nadia Chiarina details her career journey, driven by her passion for lifelong learning and her courage to pursue new things, culminating in her discovery of her true calling. She is now leading an important work in investing and embedding climate considerations on an international level

The International Monetary Fund on Wednesday called for advanced economies to "act now" to address ballooning debt, with spiking bond yields at multi-decade highs and pressure growing on central banks to hike interest rates.

Saudi Arabia's GDP is expected to shrink by 3.3 percent, the International Monetary Fund said in its latest World Economic Outlook report, predicting a regional drop over Iran's blockading of the Strait of Hormuz.

The collaborative study found that companies in Indonesia preferred straightforward and affordable green power procurement options, and that most saw unbundled renewable energy certificates (RECs) as the best short-term option.

Private bankers and asset allocators told Reuters that Asian investors are increasingly seeking asset diversification compared to their usual allocations to equities and bonds.

Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of United States inflation data later in the global day.

Japanese pensions, Indonesia's sovereign wealth fund looking to add exposure to hedge funds

Seoul, Tokyo and Taipei led losses across Asian stock markets on Tuesday as technology firms plunged on fresh worries about the outlook for the AI investment boom, with traders preparing for a crucial earnings season and release of key US data.