was up 0.3% in early trade, with insurance stocks adding 1.2% to lead gains as most sectors and major bourses nudged into positive territory. Food and beverage stocks bucked the trend to fall 1.6%, with investors fearful that if the tight labor market holds up the Federal Reserve could keep interest rates higher for longer.
Generative artificial intelligence — or the usage of generative models powered by AI to generate text, images, or other media — is taking the world by storm and it's not just the U.S. tech giants that are set to benefit, according to Morgan Stanley.
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