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CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company (Jenny Lee/CNBC)

CXMT shares jumped as much as 470% in its Shanghai...

2 weeks ago 10 Add to circle

How US companies flipped from "tokenmaxxing" to "thrift-maxxing", mixing cheaper Chinese models with OpenAI and Anthropic, threatening the labs' IPO valuations (Wall Street Journal)

How US companies flipped from "tokenmaxxing" to "t...

2 weeks ago 8 Add to circle

Dealroom: defense giants such as Lockheed Martin have participated in a record $4.1B worth of VC rounds YTD, as drones and autonomous systems transform warfare (Financial Times)

Dealroom: defense giants such as Lockheed Martin h...

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Sources: Nvidia is in talks to provide a ~$250B backstop for OpenAI as part of a 10GW data center project that SoftBank is developing in Ohio (Wall Street Journal)

Sources: Nvidia is in talks to provide a ~$250B ba...

2 weeks ago 7 Add to circle

How AI companies are targeting the education market, including making free or cut-price tailored learning tools in partnership with schools and edtech startups (Jamie John/Financial Times)

How AI companies are targeting the education marke...

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India eases foreign investment rules for e-commerce companies, a win for Amazon, which lobbied to buy goods directly from Indian sellers and sell them overseas (Aditya Kalra/Reuters)

India eases foreign investment rules for e-commerc...

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Once hailed as an AI visionary, Satya Nadella faces pressure as a compute crunch forces Microsoft to prioritize its own AI products over Azure cloud customers (Ashley Stewart/Business Insider)

Once hailed as an AI visionary, Satya Nadella face...

2 weeks ago 7 Add to circle

Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly due to US' "de minimis" rule removal (Reuters)

Shein's IPO prospectus shows Q1 revenue of $9.05B,...

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Sources: Apple may have delayed AI glasses launch partly over privacy concerns that Meta's glasses created for the category, as it works to address the issues (Mark Gurman/Bloomberg)

Sources: Apple may have delayed AI glasses launch ...

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Crypto exchanges like tradeXYZ are giving global investors exposure to Chinese AI-linked stocks like CXMT, bypassing Beijing's control on foreign capital access (William Sandlund/Financial Times)

Crypto exchanges like tradeXYZ are giving global i...

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Sources including AI lab staff say users have been persuading chatbots to accurately answer prompts about planning mass-casualty attacks and making bio-weapons (Wall Street Journal)

Sources including AI lab staff say users have been...

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CXMT is poised for a debut pop that could lift its market cap several times above its initial ~$85B after raising $9.8B in a hugely oversubscribed Shanghai IPO (Bloomberg)

CXMT is poised for a debut pop that could lift its...

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Elio, which is developing a new type of image sensor designed for AI rather than human vision, raised a $21M Series A led by Innovation Endeavors and Xora (Meir Orbach/CTech)

Elio, which is developing a new type of image sens...

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A look at China's bid to build an alternative global order in AI by making open models widely available and training people in developing countries to use them (Financial Times)

A look at China's bid to build an alternative glob...

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China's market regulator says it had fined and confiscated ~$770M from Trip.com for abusing its dominant position in the domestic online hotel-booking market (Reuters)

China's market regulator says it had fined and con...

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Several universities including Yale, Johns Hopkins, and the University of Waterloo have restricted or disabled their use of AI detectors over accuracy concerns (Ima Jackson-Obot/Financial Times)

Several universities including Yale, Johns Hopkins...

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Sources: DeepSeek told investors it is suspending its second funding round after remarks attributed to Liang Wenfeng on US-China AI competition went viral (Pei Li/Bloomberg)

Sources: DeepSeek told investors it is suspending ...

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Sources: OpenAI and Anthropic quietly lobby Washington regulators to restrict open-source AI models, even as Sam Altman publicly says he supports open source AI (New York Times)

Sources: OpenAI and Anthropic quietly lobby Washin...

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