Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Chinese AI Startup MiniMax Builds 2.7 Trillion-Parameter Model, Challenging Global Leaders
Chinese AI startup MiniMax is building a massive 2.7 trillion-parameter open-weight model, potentially arriving by Q3. This would surpass ex
BofA Sees Aixtron's Opto Orders Holding Up in Q2, But Bottlenecks Loom
Bank of America forecasts Aixtron's Q2 orders at €189 million, slightly above consensus, driven by optoelectronics. However, delivery delays
AI Chip Startup SambaNova Raises $1 Billion at $11 Billion Valuation, JPMorgan Signs On
SambaNova raised $1 billion at an $11 billion valuation to expand its AI inference infrastructure. The company says JPMorgan has chosen its
Apple and Broadcom Sign $30 Billion Chip Deal Through 2031, Expand Colorado Factory
Apple and Broadcom have signed a long-term chip supply agreement worth over $30 billion, running through 2031. The deal includes a $1.5 bill
Meta Tests AI Glasses That Could Record Without Visible Indicator, Raising Privacy Concerns
Meta is testing AI-powered glasses that can capture audio and video without the standard LED recording indicator. The feature could roll out
China Considers New Rules to Restrict Foreign Access to Its AI Models
China is exploring tighter controls on foreign access to its homegrown AI models, with officials meeting ByteDance, Alibaba, and startup Z.a
South Korean AI Chip Startup Rebellions Plans Home IPO Before US Listing
Rebellions, a South Korean AI chip startup, plans to list shares at home in the first half of next year. It may later use American Depositar
HR Path Secures €410M in Debt and Stake Sale to Ardian for Global Expansion
HR Path, a Paris-based HR software and services company, has raised nearly €410 million in new debt and sold a stake to investment firm Ardi
Chip and AI Rally Fuels 4.3% Jump in Hong Kong Tech Index
Hong Kong and Chinese tech stocks rallied sharply as investors snapped up cheaper chip and AI shares. The Hang Seng Tech Index surged 4.3%,
Samsung Earnings Beat Fails to Lift Shares; Amazon Returns to Bond Market for AI Funding
Samsung reported stellar earnings, but investors sold the stock anyway, reflecting doubts about the AI boom's longevity. Meanwhile, Amazon i
Samsung's AI Chip Windfall Still Not Enough as Market Questions Boom's Longevity
Samsung Electronics and SK Hynix slid Wednesday after a US semiconductor selloff revived doubts about the AI chip spending boom. Even a 19-f
Telstra Outage Disrupts Payments and Train Services Across Australia
Telstra's network outage on Wednesday disrupted mobile calls and data, causing taxi payment systems to fail and suspending some regional tra