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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 prioritizing those.
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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A new scam is targeting cryptocurrency owners by disguising malware as wallet recovery software for forgotten seed phrases. Read more ›
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CD Projekt has rebranded itself as CD Projekt Red – or CD Projekt Red Spółka Akcyjna, to be precise. Read more Read more ›
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Алгоритм вывода цветного текста в консоль и как его можно написать на AutoHotkey. Погрузимся в язык, рассмотрим оптимизацию кода и улучшение читабельности (применимо к любому высокоуровневому языку). Читать далее Read more ›
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The New York Times tells the story of a 63-year-old retiree who wrote a check for several thousand dollaras to pay her taxes. But she discovered much later that her taxes were never paid because that check had been intercepted and then altered to be payable to someone else: In some cases, thieves may pilfer one or more checks from local mailboxes. Adam Rust, director of financial services for the... Read more ›
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The Binance founder shared his views on a variety of topics in an exclusive interview with CoinDesk earlier this month. Read more ›
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The Wall Street Journal reports that China's GLM-5.2 AI model can match Anthropic's Mythos in cybersecurity tasks, signaling a rapidly narrowing AI gap. Read more ›
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Microsoft has refuted claims that its rival system, the PlayStation 5, is outselling the Xbox edition of Grand Theft Auto 6, claiming that the figure "doesn't represent pre-order data" and insisting "we've had record orders". Read more Read more ›
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Researchers say babies and toddlers under two should avoid regular screen time, warning that phones and tablets can displace play, sleep, language exposure, and caregiver interaction. Read more ›
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The Ninja AutoBarista Pro comes with two swappable coffee bean hoppers and lets you set up two different brew profiles for each beverage. Read more ›
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Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconductors, according to the report. Reuters could not independently verify the report. The $50 […] This story continues at The Next Web Read more ›
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Craig Gillespie and Ana Nogueira dive into the narrative and musical choices made with 'Supergirl.' Read more ›
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Clicking on the links now reveals blank pages and empty PDFs. "Intellectually, it’s not acceptable.” Read more ›
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Are you tired of scraping clumped grass and fighting corrosion? Discover the simple aerosol spray that protects your mower deck better than paint. Read more ›
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It's easy to imagine which technologies agents could have used, but none would be normal in this context. Read more ›
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New reports claim that Apple is preparing an M5 Ultra Mac Studio this year, with an M7 Ultra model and improved cooling planned for the future. Read more ›
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A six-month study of more than 120 adults in their 70s found that high-intensity interval training (HIIT) may offer a key advantage over other forms of exercise: it helped reduce body fat while preserving valuable muscle mass. While moderate and low-intensity workouts also led to some fat loss, only HIIT maintained lean muscle, which becomes increasingly important with age. Read more ›
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Опенсорсное приложение Nearby Glasses сканирует Bluetooth-идентификаторы окружающих устройств. Умные очки можно распознать по идентификаторам компаний в рекламном фрейме BTLE, ADV_INV, сверяя информацию с базой производителей. Читать далее Read more ›
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The Information
If you’ve wanted to visit the South of France, this might be the week. The annual Cannes Lion ad festival, a time for ad folks from all quarters to gather, gets underway tomorrow. The impact of AI on advertising and media is sure to be front and center. OpenAI’s chief revenue officer, Denise Dresser, is scheduled to appear onstage twice, according to the official program, including on a panel with... Read more ›
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The initial public offering for Lime, an electric scooter and bike rental company that was once a stalwart of the late 2010s startup scene, is getting financial support from an old friend: Uber. The ride-hailing giant is expected to invest a “meaningful” amount in the deal and be named as an anchor investor on the cover of an updated IPO prospectus that Lime plans to file Monday, a person familiar... Read more ›
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John Jumper, the Google DeepMind Vice President who co-won the 2024 Nobel Prize in Chemistry, is leaving the company to join rival Anthropic, he said on X on Friday. Jumper’s move follows that of another high-profile Google researcher, Noam Shazeer, who earlier this week announced he had joined ... Read more ›
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Lime, the electric scooter and bike rental company, is set to receive financial backing from its long-time partner and investor, Uber. In an updated IPO prospectus filing expected Monday, Uber will be named as an anchor investor for the deal, The Information reported. Lime is targeting a $1.8 ... Read more ›
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Few companies have gone public with books as unusual as OpenAI’s. At first glance, the company portrayed by the AI startup’s financial statements, reviewed by The Information, resembles a lean, low-debt software business. Its balance sheet, as at March 31, had zero debt and less than $750 million of lease liabilities. Its cash-flow statement, moreover, showed OpenAI—one of the most hardware-centric tech businesses—spending just $46 million on capital expenditures in... Read more ›
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Some businesses that use Anthropic and OpenAI models to develop AI apps for coding, design, legal work and other white-collar tasks are getting worried that those two AI model suppliers might eat their lunch.Design app Figma seems attuned to that kind of threat, especially from Anthropic’s recently launched Claude Design app, as we reported. But Canva, a Figma rival privately valued at $42 billion, doesn’t feel the same way.“We see... Read more ›
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Meta Platforms is backing Indian fintech startup Cred with a $900 million investment and tapping its founder to lead WhatsApp. Bloomberg first reported the news, including that Cred’s founder and CEO Kunal Shah will take over running WhatsApp from Will Cathcart. According to the report, Meta’s ... Read more ›
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I’ve been visiting large AI data center projects in rural and industrial communities in the Midwest, Southeast and West, and I have found that two things can be true at the same time: AI data centers have drawbacks but are better for communities than their residents think, and those communities can win a lot more financial concessions and benefits from the tech firms than they realize.Some people are coming to... Read more ›
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Open source AI startup Reflection will pay SpaceX $150 million per month for access to compute from its Colossus 2 data center, a person with direct knowledge of the deal said on Monday. The deal begins on July 1 and runs through 2029 but can be canceled by either company with 90 days’ notice, ... Read more ›
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Two former members of Elon Musk’s Department of Government Efficiency have raised $225 million for their debut venture fund, Banner VC, according to a person close to the fund and filings with the Securities and Exchange Commission. Banner separately raised nearly $75 million to co-lead a recent round in the orbital infrastructure startup Impulse Space, according to the person and an SEC filing. Founded by the two former DOGE staffers,... Read more ›
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28.06.2026 16:18
Last update: 16:10 EDT.
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