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Baidu’s Chip Unit Asked IPO Investors to Buy Its Semiconductors

In China, chip companies may have found a new clientele for their semiconductors: IPO investors. Kunlunxin Technology, an AI chip firm majority owned by search engine company Baidu, is planning to go public in Hong Kong at a target valuation of $50 billion, according to a person who participated in a recent investor road show by the company and another person with direct knowledge of Kunlunxin’s plans. And as it lines up a group of investors to take a chunk of the offering, Kunlunxin is...

Firmus And Nvidia Partner On Massive Data Center Project In Indonesia

What’s different about this deal: hyperscalers like Microsoft and Google can’t be customers, and Nvidia will get a cut of the revenue.

Google Put Limits on Meta’s Use of Gemini Due to Capacity Constraints

Google restricted other clients as well and has since signed a deal to rent cloud computing capacity from Elon Musk's SpaceX.

Chinese AI Matches Mythos in Cybersecurity, Report Says

The researchers found that the new GLM-2 model from Z.ai can find bugs as well as Mythos, the Journal report said.

Coinbase Cuts AI Spending in Half As Usage Rises, Armstrong Says

Coinbase has experimented with open-weight models developed by Chinese AI firms.

White House lifts some export controls on Anthropic’s Mythos

The government will allow Anthropic to release its model to more than 100 U.S. institutions.

OpenAI Hires Apple Vision Pro and Smart Glasses Executive

The move represents the latest departure from Apple to the AI startup.

AWS Raises Prices for Some Nvidia Compute by 20%

It’s the latest company passing rising chip prices along to customers

OpenAI Releases GPT-5.6 to U.S. Government-Approved Customers

The move confirms The Information’s Thursday report that OpenAI will release the new models in a limited fashion over cybersecurity concerns.

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SpaceX Debt Weakens, Stock Falls Below First Trading Price

A large dealer was quoting SpaceX’s 2056 bonds at as much as 0.28% higher than their issue price, which was 1.75% above treasuries.

Apple Raises Mac, iPad Prices Due to ‘Extraordinary’ Component Shortage

The company’s shares fell nearly 5% on the news.

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