(Bloomberg) -- Sea Ltd. founder Forrest Li warned of a difficult transition to AI in coming years, but stopped short of outlining the Southeast Asian e-commerce leader’s plans for developing artificial intelligence tools.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackOne Out of Every 24 New York City Residents Is Now a MillionaireFTX Has Billions More Than Needed to Pay Bankruptcy VictimsLi talked
The latest trading day saw Sea Limited Sponsored ADR (SE) settling at $66.13, representing a -0.8% change from its previous close.
Amid recent turbulence in the U.S. stock market, characterized by sharp declines and heightened inflation concerns, investors are navigating a challenging economic landscape. In such times, growth companies with high insider ownership can be particularly appealing, as significant insider stakes often signal confidence in the company's future prospects from those who know it best.