China Memory Chipmaker CXMT Soars 472% in Shanghai Debut
The blockbuster listing makes CXMT mainland China’s largest listed company as Apple weighs using its chips and Washington considers tighter restrictions.
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Shein’s Hong Kong IPO Filing Reveals Damage Done By End of De Minimis Rule
Shein's revenue growth slowed to 1.1% in the first quarter, while U.S. revenues shrank 14%.
DeepSeek Puts Current Funding Round on Hold
The pause comes after a recent leak of the firm’s investor call transcript and the success of rival Moonshot AI’s new Kimi K3 model.
SpaceX completes first Starship test flight since IPO
The test flight marked several key milestones for SpaceX, including deploying 20 of its next generation Starlink satellites into orbit for the first time before they were intentionally deorbited.
Nvidia Forms $500 Billion AI ‘Partnership’ With Memory Chip Giant SK
The AI giant is continuing to use its balance sheet to help its biggest customers and partners buy and manufacture its AI servers.
Waymo Said to Explore Ending its Partnership With Uber
The report sent Uber’s shares down 4%
Meta, Microsoft, Nvidia and Others Sign Letter Defending Open-Source AI
The statement comes as the Trump administration weighs open-source restrictions.
OpenAI President Endorses Musk’s Proposal For Industry Meetings on AI Safety
In a press briefing, OpenAI president Greg Brockman shared his thoughts about a recent Elon Musk proposal and Chinese open-source models.
Amazon Shuts AI Agent Research Lab In AGI Layoffs
Founded in late 2024, Amazon's AGI Lab combined long-term research and product development aimed at making AI agents more useful to businesses.
Google Says It Holds $94.1 Billion in SpaceX Stock
SpaceX shares closed at $118.24 Thursday, down from the $135 IPO price.
Stripe in Talks to Buy Startup OpenRouter
Databricks previously held M&A discussions with the startup.
AMD Partners with Rival Cerebras on AI Server Rack
AMD is following Nvidia in partnering with rival chipmakers.
Intel Shares Jump 12% After Second Quarter Report Shows It Generated $4.5 Billion in Cash
The company had been burning cash for years.
Crypto Exchange BitMEX to Shut Down
BitMEX, co-founded by Arthur Hayes in 2014, has about $1 billion in user assets.
IBM Cuts Revenue Target as AI Eats Into Its Sales
The company first warned shareholders about the sales slowdown last week, sending its stock plummeting.
Tesla’s Revenue Climbed 26% in the Second Quarter
Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects.
Google Cloud Growth Drives Alphabet 24% Revenue Increase
Google also increased its capital expenditure projection for full-year 2026 to $195 billion to $205 billion from $180 billion to $190 billion
ServiceNow Reports Accelerating Second Quarter Growth
The acceleration was partly due to strong demand from the federal government that pulled business into the second quarter from the third quarter.
Amazon Cuts Staff to Division Working on Homegrown Models
Amazon is still committed to the creation of Nova models, but is focusing on certain areas, including its Nova Forge service
Exclusive: Cursor Launches Model Router
The product comes amid enthusiasm for cost-saving routers.
Weekday mornings
The Information AM by The Information Staff
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