The rout in China’s largest tech stocks is becoming less severe with each passing bout this year, signaling to some investors that confidence is slowly returning with regulatory headwinds seen to have peaked.

Baidu Inc.’s founder Robin Li declared his company’s large language model has finally caught up with OpenAI’s advanced GPT-4, claiming the lead in his country’s race to develop AI that can rival the US.

President Joe Biden is set to travel to Israel in a show of solidarity for the US ally after it was attacked by Hamas, while his administration’s top diplomat is working on a plan to get aid to Gaza without it falling into the hands of the militant group.

Institutional Shareholder Services Inc., an international proxy advisory firm, has recommended that shareholders vote against the proposal to appoint billionaire Mukesh Ambani’s youngest son, Anant Ambani, on the board of the family-controlled Reliance Industries Ltd., underscoring concerns around succession planning at India’s largest company by market value.

President Joe Biden will travel to Israel Wednesday, in a visit designed to signal US solidarity with its closest Middle East ally and help prevent the conflict from engulfing the region.

Oil fell as the US intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden due to visit Israel this week to spearhead his administration’s drive to prevent a regional conflagration.