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Taiwanese tech giant Foxconn and OpenAI announced Friday an agreement to design and build AI data centre hardware, the latest in a string of infrastructure deals for the US creator of ChatGPT.

Tracking New York, Asian markets were a sea of red, with tech giants leading the way.

He also addressed the company's suspension in China last year over its work on the collapsed property giant Evergrande, promising that the same mistakes "would not happen again".

She developed a reputation as a giant slayer by outcompeting market-leader Intel a decade ago to take the lead in producing central processing units, or CPUs, for personal computers and data centers.

Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out.