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ASX closed red; BrainChip soared 18.5% on Mercedes usage; Raiz rallied on December update.

  • The ASX200 closed 0.32% lower at 7565.80 points on Wednesday.
  • BrainChip soared 18.5% on reports of Akida chip in Mercedes EQXX EV.
  • Raiz rallied after releasing December metrics including half-a-million active customers.

The Australian market closed the midweek session 0.32% lower at 7565.80 as a sell-off in tech and healthcare stocks weighed down the key index. The session’s biggest winner was ADBRI Ltd up 4.84% while the biggest loser was Pro Medicus Ltd which ended the session down 9.69%.

The tech sector’s almost 3% tumble was led by Tyro Payments falling 6.85%, Technology One plunging 6.04% and Appen ending the day down 4.94%.

Bitcoin is trading 0.36% higher over the last 24-hours at US$46,259.15 at 4:45pm AEDT.

Brainchip shares soared 18.5% today following reports that the artificial intelligence company’s Akida chip is being used in Mercedes’ Vision EQXX electric concept car. Brainchip’s Akida chip is reportedly being used to power the ‘Hey Mercedes’ voice control system in the EQXX through the neuromorphic computer network Mercedes developed in conjunction with BrainChip.

Making headlines, Raiz shares rallied today after the investment platform released its December trading update. For the month, Raiz reported FUM increased to well over $1bn, up 70.8% over the last 12-months, Indonesian active customers hit 200,000, and total active customers hit 594,992.

And a McDonald’s restaurant in China has gone viral on TikTok after a video emerged of a woman eating her McDonald’s meal in the restaurant while riding an exercise bike installed in the restaurant to replace traditional stationary seats.

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