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Nvidia B300 servers sell for $1 million in China, nearly double the US price

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Prices have surged from roughly 4 million yuan late last year to 7 million yuan ($1 million) today, driven by the Supermicro co-founder’s arrest, tighter enforcement, and voracious demand from Chinese AI companies unwilling to hold restricted hardware on their own books. NVIDIA’s B300 AI servers are now selling in China for approximately 7 million […]

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More banks join SoftBank’s $40 billion OpenAI loan as syndication enters soft-launch phase

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HSBC, BNP Paribas, and Intesa Sanpaolo are among eight institutions that have submitted commitments as sub-underwriters, in one of the largest tests of creditor appetite for AI-linked debt. The $40 billion bridge loan SoftBank signed in March to fund its investment in OpenAI is attracting more lenders, with at least eight banks now having submitted […]

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NVIDIA and Atlassian back Legora’s $600m Series D in a $50m extension that values the legal AI startup at $5.6 billion

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The Stockholm-founded company, which crossed $100m in ARR in 18 months, has now raised $866m in total, and Nvidia’s entry marks the chip giant’s first investment in legal tech. Legora has added $50 million to its Series D round, bringing the total to $600 million and maintaining its $5.6 billion valuation, the company exclusively told […]

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NVIDIA and Atlassian back Legora’s $600m Series D in a $50m extension that values the legal AI startup at $5.6 billion Read More »

Social media scams cost Americans $2.1 billion in 2025

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New FTC data published Monday show that nearly 30% of all reported scam losses last year began on social media. Investment scams alone cost $1.1 billion. Shopping scams were the most frequently reported. Romance scams started on social media in 60% of reported cases. All age groups except the over-80s lost more to social media […]

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The world’s largest EV battery maker is raising $5 billion in Hong Kong

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The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […]

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The Iran war is hitting the AI supply chain where it hurts

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Iran’s strike on SABIC’s Jubail petrochemical complex in early April halted production of the resin used to make PCB laminates. Goldman Sachs analysts say prices surged 40% in April alone. A South Korean supplier to Samsung and AMD says epoxy resin wait times have stretched from three weeks to fifteen. The Iran war that began […]

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Brockman’s diary called it a lie. Now a jury will hear it.

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Jury selection begins Monday in Oakland federal court for the trial that will determine whether OpenAI’s conversion from a nonprofit to one of the most valuable companies in the world was a breach of charitable trust. Elon Musk, who co-founded OpenAI in 2015 and donated at least $38 million to it, is suing Sam Altman, […]

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DeepSeek returns with V4-Pro and V4-Flash, a year after its ‘Sputnik moment’

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The Hangzhou startup released preview versions of both models on Hugging Face on Friday. V4-Pro claims top performance on coding and maths among open models, trails only Gemini 3.1-Pro for world knowledge, and falls “marginally short” of GPT-5.4 and Gemini 3.1-Pro, a gap DeepSeek says is “approximately 3 to 6 months.” Both models are open-source. […]

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Netflix authorises $25 billion share buyback after stock falls 10% on Q1 earnings

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The $25B programme has no expiration date and sits on top of a December 2024 authorisation that still had $6.8B remaining. Netflix’s board approved it on 22 April. Shares rose 1.5% in premarket trading on the news, after falling as much as 10.8% following the Q1 report on 16 April. Netflix’s board authorised an additional […]

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Bain Capital seeks buyer for stake in Bridge Data Centres at $5 billion valuation

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Sources tell Reuters that Bain is looking to sell a stake in BDC, Singapore-headquartered, with nine data centres across Malaysia, Thailand, and India, at a $5 billion valuation. Citi and JPMorgan are running the process. ByteDance is the anchor tenant. No deal has been agreed and talks are preliminary. Bain Capital is seeking a buyer […]

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