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The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba.

One of the quiet winners of the AI boom is about to test the public markets. Zhongji Innolight, a Chinese maker of high-speed optical transceivers, has started gauging demand for a Hong Kong listing worth as much as $8bn. The Shenzhen-listed company won approval for the deal on Friday, Bloomberg reported. It began meeting analysts […]

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Alibaba says Qwen3.8 is the world’s No.2 AI model. It has shown no proof.

Days after a rival Chinese lab shook Silicon Valley, Alibaba has fired back. The company previewed Qwen3.8, its most powerful model yet, and made a bold claim: it trails only one model on Earth. Alibaba unveiled the model at the World Artificial Intelligence Conference in Shanghai. Its Qwen team said on X that Qwen3.8 is […]

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Kimi K3 is so popular Moonshot ran out of GPUs and paused new sign-ups

Moonshot AI has a problem most startups would envy. Its new Kimi K3 model proved so popular that it ran out of computing power to serve everyone. So the Chinese lab has hit pause on new sign-ups. Over the past 48 hours, demand “pushed close to the limits of our current capacity,” the company said […]

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Trump Media reportedly pitched traders a $100,000 feed of the president’s posts

Trump Media & Technology Group has reportedly been asking financial-trading firms for about $100,000 a month for the fastest possible feed of Donald Trump’s Truth Social posts, according to the Financial Times, a price tag that turns the president’s typing into a subscription product. The pitch, described to the paper by people familiar with the discussions, offers […]

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Samsung cuts 739 New Jersey jobs as its US headquarters heads for Texas

The glass campus in Englewood Cliffs, New Jersey, is barely a year old. Samsung opened it in September 2025 to replace the Ridgefield Park headquarters it had kept since 1992, and now roughly 739 of the people who work there are being told they can follow the company to Texas or start looking elsewhere. The […]

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Dutch company ASML is $300bn from a trillion. AI could close the gap

ASML has spent 2026 getting steadily, expensively larger. The Dutch company whose machines print the world’s most advanced chips is now Europe’s most valuable listed business, worth around $700bn (€600bn), and enough of the investors who own it now say the next round number out loud that the question has stopped sounding fanciful: could ASML […]

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Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.

Nebius raised $775 million in its first secured debt facility, borrowing against deployed GPU infrastructure and contracted cash flows from an investment-grade customer. The facility matures on October 31, 2030, and is priced at SOFR + 2.50%, roughly 6.8% at current rates. Together with the customer agreement’s cash flows, the facility covers more than 100% […]

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Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise. Read More »

Jensen Huang’s leather jacket sold for $960,000 at Sotheby’s, 96 times its retail price

One of Nvidia CEO Jensen Huang’s signature black Tom Ford leather jackets sold at Sotheby’s on Friday for $960,000 after 65 bids from 45 collectors. The pre-sale estimate was $40,000 to $60,000. The jacket retails for just under $10,000. Huang wore it in 2023 at a Foxconn event in Taipei and signed it for the […]

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