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OpenAI is hiring ad-tech firms to make ChatGPT ads talk back to you

Six weeks was all it took. On 9 February, OpenAI switched on advertisements inside ChatGPT for free-tier users in the United States. By late March, the company disclosed that the pilot had crossed $100 million in annualised revenue, drawn more than 600 advertisers, and reached fewer than a fifth of eligible users. Now OpenAI is […]

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Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.

Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wall Street has lost more than three quarters of its market value since its September debut. On Tuesday, it announced a $1.7 billion significant […]

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Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high. Read More »

More than 100 Baidu robotaxis froze mid-traffic in Wuhan. The age of the mass fleet failure has arrived.

On Tuesday evening in Wuhan, more than 100 of Baidu’s Apollo Go robotaxis stopped moving. They did not pull over. They did not activate an emergency protocol. They simply froze, scattered across the city’s roads and elevated highways, some in the middle lane of ring roads with traffic streaming past on both sides. Passengers trapped […]

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More than 100 Baidu robotaxis froze mid-traffic in Wuhan. The age of the mass fleet failure has arrived. Read More »

China’s third-largest chip foundry just filed for a Hong Kong listing. The real story is the $5 billion fab behind it.

Nexchip Semiconductor filed for a listing on the Hong Kong Stock Exchange on Tuesday, joining a stampede of Chinese chip companies turning to the city’s capital markets as Beijing pours resources into building a domestic semiconductor supply chain that can withstand American export controls. The Hefei-based foundry, China’s third largest behind SMIC and Hua Hong […]

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China’s third-largest chip foundry just filed for a Hong Kong listing. The real story is the $5 billion fab behind it. Read More »

South Korea turns to Russian naphtha as Asia’s chip supply chain feels the squeeze

When Iran effectively closed the Strait of Hormuz in late February, choking off the corridor through which a fifth of the world’s oil and gas flows, the immediate consequences were predictable: crude prices spiked, energy markets convulsed, and geopolitical analysts reached for their most alarming adjectives. What fewer people anticipated was how quickly the crisis […]

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Apple Intelligence briefly goes live in China without approval, raising the spectre of regulatory penalties

In the small hours of Tuesday morning, something unexpected appeared on iPhones across mainland China. Apple Intelligence, the suite of AI-powered tools that the company has spent nearly two years trying to bring to its largest market outside the US, flickered to life, showed up in users’ settings menus, and then vanished. The brief, unannounced […]

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Apple Intelligence briefly goes live in China without approval, raising the spectre of regulatory penalties Read More »

Mainland Chinese tech firms are flooding into Hong Kong as the West tightens the door

The number of mainland Chinese companies listing on the Hong Kong Stock Exchange rose from 30 in 2024 to 76 in 2025, an increase of 153 per cent, according to PricewaterhouseCoopers. Hong Kong reclaimed the top global position for IPO fundraising last year, with 119 listings raising HK$285.8 billion, more than double the previous year. […]

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UK fines Apple subsidiary for paying a sanctioned Russian streaming service through the App Store

The UK’s Office of Financial Sanctions Implementation has fined Apple Distribution International, Apple’s Ireland-based subsidiary, £390,000 for making two payments totalling more than £635,000 to a sanctioned Russian entity through the App Store in 2022. The fine is, by Apple’s standards, negligible: roughly 0.00001 per cent of the company’s annual revenue. The precedent it sets […]

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UK fines Apple subsidiary for paying a sanctioned Russian streaming service through the App Store Read More »

Judge throws out Musk’s advertising boycott lawsuit against X’s former sponsors

A US federal judge has dismissed Elon Musk’s antitrust lawsuit against advertisers who pulled their spending from X, ruling that the company failed to state a valid legal claim and barring it from ever refiling the case. US District Judge Jane Boyle, presiding in Dallas, dismissed the suit with prejudice on Thursday and denied X […]

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Judge throws out Musk’s advertising boycott lawsuit against X’s former sponsors Read More »

All 11 xAI co-founders have now reportedly left Elon Musk’s AI company

Every co-founder Elon Musk recruited to build xAI has now reportedly left the company. Manuel Kroiss, who led the pretraining team, told people this month that he was departing. Ross Nordeen, described by Business Insider as Musk’s “right-hand operator,” left on Friday. They were the last two of eleven co-founders, all of whom have exited […]

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