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Kai-Fu Lee’s 01.ai is raising a pre-IPO round ahead of a planned Hong Kong listing in 2027, the former Google China chief told Bloomberg at the World AI Conference in Shanghai. The company is unwinding its offshore holding structure, the same prerequisite that Moonshot dismantled in May to clear its own path to a Hong […]
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Neo emerged from stealth on Monday with $100 million in funding from Andreessen Horowitz and Bessemer Venture Partners, with Craft Ventures and Merlin Ventures also participating. The company, founded by former SentinelOne, Wiz, and Palo Alto Networks executives, is building what it calls a real-time control layer for agentic software in the enterprise. The problem […]
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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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The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba. Read More »
A two-year-old British AI lab wants to build the search engine for materials that do not exist yet. On Monday it gathered an unusual crowd to help. Cambridge-based CuspAI launched the AI Materials Foundry, a coalition of more than 45 companies and research labs, Reuters reported. The founding partners include Nvidia, Meta, Samsung, Hyundai Motor […]
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Prysmian has signed a €5.5bn, 10-year agreement with Molex, the Koch Industries-owned connector and cable maker, to supply optical cable for use inside AI data centres. Unusually for a supply deal of this size, Molex is putting €550m on the table upfront, a rare piece of cash certainty in a market where most commitments arrive […]
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Prysmian signs €5.5bn fibre deal with Molex to wire AI data centres Read More »
Fund managers in London, New York, and Tokyo have added a new step to their morning routine: checking South Korean stocks. Korea’s $4 trillion equity market is now offering an early read on global AI risk appetite, as swings in SK Hynix and Samsung ripple through chip stocks worldwide. “We are all Korean investors now,” […]
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Korea’s AI chip market is now the opening bell for global stocks Read More »
Moonshot AI has told investors it is preparing to list in Hong Kong in as soon as six months, Bloomberg reported on Saturday. The company has distributed a shareholder resolution seeking backing for the IPO and is wrapping a fundraising round that may value the three-year-old startup at more than $30 billion. Annual recurring revenue […]
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Moonshot plans to list in Hong Kong within six months at a $30 billion valuation Read More »
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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TSMC posted record second-quarter revenue of over $40 billion, up 36% year on year, with net income rising 77%. The result should have been a triumph. Instead, shares fell 4%, dragging the Nasdaq 100 down 1.4% on Thursday and compounding losses from the day before. The problem was not the earnings but the spending. TSMC […]
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Apple overtook Nvidia on Friday to become the world’s most valuable company for the first time since April 2025. Apple closed at roughly $4.88 trillion as its shares held steady, while Nvidia fell 3.5% to approximately $4.86 trillion. Nvidia had held the top spot for nearly a year after becoming the first company to surpass […]
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