Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
FORT Robotics to go public via SPAC merger at $556.6M value
FORT Robotics is going public via a SPAC merger with Newbury Street II at a $556.6 million enterprise value. The deal, expected to close in
Velaura AI hits $1B valuation with $110M low-power chip round
Velaura AI raised $110 million in Series A funding, valuing the low-power chip designer at over $1 billion. Investors are betting on its tec
Einride to deploy 500 Tesla Semis after Nasdaq debut, tripling fleet
Einride, fresh off its Nasdaq debut, says it will deploy 500 Tesla Semi trucks using third-party financing. The move could triple its active
Pony.ai targets 4,000 overseas robotaxis as revenue jumps 68.8%
Pony.ai says it has a pipeline of more than 4,000 planned and potential overseas robotaxi deployments, aiming for a 3,500-vehicle fleet by y
Baidu's ad slump overshadows 25% AI cloud growth in Q2
Baidu's second-quarter revenue fell 4% as weak consumer spending and a property slump hit its ad business, which dropped 19%. Meanwhile, its
Lumos Robotics seeks factory proof before possible 2025 IPO
Lumos Robotics is raising another round and eyeing a possible listing next year, but founder Yu Chao says the focus is on proving its MOS 2
VeriSilicon targets AI-driven profitability by late 2026
VeriSilicon's first-half revenue jumped 91%, yet its net loss deepened. The chip design firm now says it will lean on AI across R&D to achie
Singapore Airlines' AI tools lift customer satisfaction, cut wait times
Singapore Airlines says its AI push is moving beyond pilots, with its Kris chatbot nearly doubling customer satisfaction since a July 2025 r
Alibaba's HappyShrimp 1.0 turns text prompts into songs as AI revenue grows
Alibaba has launched a beta of HappyShrimp 1.0, an AI model that creates full songs from a single text prompt. The move signals Alibaba's AI
Anthropic's revenue run rate hits $65 billion as IPO plans take shape
Anthropic, the AI startup behind Claude, says its annual revenue run rate hit $65 billion by end-July, up from $47 billion in May. The updat
Tesla's Cybercab to debut in Austin with employee rides first
Tesla is preparing to launch its Cybercab in Austin, starting with employee rides on public roads before adding the driverless vehicle to it
CXMT Overtakes Tencent as China's Most Valuable Company
CXMT has overtaken Tencent to become China's most valuable company, with a market cap above $500 billion. The milestone highlights a broader