Beijing-based startup Moonshot AI, flush from the breakout success of its recently released model, Kimi K3, is already discussing plans for Kimi K4, which would be significantly larger in size than K3, according to two people with knowledge of the matter. Thereâs just one problem: To train that new model, Moonshot would need access to more of Nvidiaâs advanced AI chips, which U.S. rules dictate should not be available to... Read more âș
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Meta Platforms is bringing in BlackRock to take over much of the financing for its El Paso, Texas, data center campus, the companies announced on Tuesday. The joint venture underscores how big technology companies are increasingly relying on a combination of external financing, such as private ... Read more âș
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Taiwanese prosecutors have detained an Nvidia employee and searched the companyâs offices as part of an ongoing probe into the alleged smuggling of the U.S. companyâs AI chips into China, Bloomberg reported. Local investigators searched the home of the Nvidia employee and his desk at the company ... Read more âș
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Talk about a nervous market! Shares of Nvidia fell 5% on Monday on news of a $500 billion partnership the AI chip giant struck with South Korean conglomerate SK Group, along with a Wall Street Journal report that Nvidia was separately in talks to help OpenAI finance a $500 billion data center campus in Ohio. Investors should take a chill pill: Neither of these deals was actually news. Nor were... Read more âș
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Shares of Dutch company ASML, which produces chipmaking tools, dropped after The Information reported that a Chinese state-backed company is mass-producing important chip manufacturing equipment for the first time. ASMLâs shares slid as much as 6.6% on Monday and ended the day down about 5%. The ... Read more âș
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The Trump administration is close to finalizing its voluntary framework for AI companies to submit their most advanced models to the government before releasing them to the public, according to three people familiar with the matter. The White Houseâs Office of the National Cyber Director circulated a draft of the framework to OpenAI, Anthropic and Google around two weeks ago, said the people, adding that the three companies jointly submitted... Read more âș
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Finally, thereâs good news for Nvidia customers who have been contending with more and more difficulties getting data centers up and running: Nvidiaâs next-generation chips probably wonât be one of them. Thatâs according to several executives at cloud providers that purchase Nvidia AI servers. They told me that based on their initial tests, they expect the companyâs upcoming Vera Rubin server racks to be much easier to install than Grace... Read more âș
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Microsoft on Monday announced a new AI security product called Project Perception, powered by new homegrown AI models specialized for cybersecurity tasks. Microsoft framed the product as a cheaper alternative to Anthropicâs Mythos model, which similarly uses AI models to automatically find ... Read more âș
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Amazon asked the Federal Communications Commission for approval to create a direct-to-device satellite service globally, in a step towards expanding the goals of its burgeoning Leo satellite business. Amazon Leo became a player in the satellite mobile cell service earlier this year when it ... Read more âș
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Chinaâs Ministry of Commerce on Monday struck back against Washingtonâs recent accusations that Chinese AI firms are stealing U.S. intellectual property by distilling American AI models, saying the claim has no factual basis or legal support. âChina has always opposed the US politicizing and ... Read more âș
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A Chinese state-backed company has begun manufacturing one of the key pieces of equipment used in chip manufacturing for the first time, a key development in Beijingâs drive to reduce its reliance on foreign technology to make chips. The Shanghai-based company is making immersion deep ultraviolet lithography machines, a key type of equipment used by chipmakers such as Taiwan Semiconductor Manufacturing Co. in producing chips, according to two people familiar... Read more âș
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Nvidia said it would invest $1 billion in South Korean internet giant Naver to help expand the countryâs data center infrastructure. Nvidiaâs investment will help finance Naverâs plans to expand the planned capacity of its AI data center from 55 megawatts to 200 megawatts. Canadian investment ... Read more âș
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ChangXin Memory Technologies, Chinaâs leading memory chipmaker, jumped 472% in its Shanghai trading debut on Monday, as investors bet the Chinese memory chipmaker will benefit from growing demand for AI. The opening price valued CXMT at about 3.3 trillion yuan ($487 billion), making it the ... Read more âș
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Get ready. Weâve got a slew of big tech earnings reports this weekâfrom Meta Platforms, Microsoft, Amazon and Appleâthat will pick up from Googleâs report last week on the state of AI spending and business. PayPal is also reporting on Tuesday, so we should get some insight into the payment firmâs attitude toward Stripeâs recent takeover offer with private equity backing, about which PayPal has so far been conspicuously silent.But... Read more âș
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Online fashion retailer Shein revealed in paperwork for its forthcoming Hong Kong Stock Exchange IPO that last yearâs elimination of regulations allowing retailers to import low-cost items without paying duties had hit its business hard. Sheinâs revenue growth slowed to 1.1% in the ... Read more âș
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Dealmakers are busy scouting public and private markets for funding for the AI buildout. And with demands for capital quickly outpacing traditional forms of data center financing, theyâre getting increasingly creative. John Greenwood, Goldman Sachâs global head of infrastructure and real asset finance, said heâs âlooking for capital in every nook and crannyâ to support an expected $7.5 trillion in spending on chips, data centers and power in the next... Read more âș
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Until a year or two ago, big tech firms like Google had relatively simple balance sheets, stuffed with cash that covered any debt several times over. Nowadays, thanks to massive AI spending, Google and others are adopting techniques long used on Wall Street to expand their business without taking on all the risk themselves. Google, for example, disclosed last week that it had agreed to cover as much as $44... Read more âș
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Chinese AI developer DeepSeek has told investors that it is putting its fundraising talks on hold, according to a person with direct knowledge of the matter. The pause on the new funding round, which values DeepSeek at 500 billion yuan ($74 billion), comes after a leaked transcript of CEO Liang ... Read more âș
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Welcome, Weekenders! In this newsletter:âą Shopping: Introducing the Summer Fun Listâgear, gadgets and toys that all come highly recommendedâą AI: Where is China ahead of America? In cracking down on AI romances ⹠Plus, Recommendationsâour weekly pop culture picks: âThe Last Twelve Weeks,â âThe Nord Stream Conspiracyâand âThe Dark WizardâJust after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Franciscoâs Financial District... Read more âș
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SpaceX completed its 13th test flight of its Starship rocket on Friday night after aborting a test launch last week, the first completed launch since the company went public last month. The test flight marked several key milestones for SpaceX, including deploying 20 of its next generation ... Read more âș
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To combat her loneliness, An Xu, a 15-year-old middle schooler in Shanghai, had recently been relying for emotional support on her text and voice conversations with an AI companion on Doubao, Chinaâs most popular AI chatbot app. AI companions are meant to mimic humanlike conversation, emotions and interactions as realistically as possibleâeven more so than ordinary chatbots. And just before a new Chinese government regulation forced Doubao and other companies... Read more âș
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Nvidia on Friday announced a $500 billion partnership with the conglomerate that owns SK Hynix, whose high-bandwidth memory chips are critical to Nvidiaâs AI servers. The partnership aims to help Nvidia access more memory chips and fill more data centers with its servers. Nvidiaâs ... Read more âș
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Alphabetâs Waymo is weighing an exit from its Uber partnership in which riders can hail Waymo robataxis from Uberâs app, the Financial Times reported. Waymo has held internal conversations about ending its current deals with Uber in Austin and Atlanta, the newspaper reported. In May, the two ... Read more âș
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Many of the largest U.S. tech companies signed a joint letter on Friday defending open-source AI software as the Trump administration considers possible restrictions on Chinese labs. The letterâsigned by Meta Platforms, Nvidia, Microsoft and Andreessen Horowitz, along with AI startups like ... Read more âș
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Utter kitchen chaos unfolded when Brynn Putnam and I got together a week or so ago and she suggested a round of âChop, Chop,â a collaborative restaurant simulation game created by her startup, Board. Even under her close supervision, I still nearly burned the grilled cheeseâthen left the tomato soup unseasoned until the very last minute. And I cannot imagine my cleaning skills would score high marks from the city... Read more âș
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Shares of Nvidia donât trade like those of a company whose revenues are expected to rise 83% this year. Instead, the stock is priced as though everything that could go wrong in the next couple of years will go wrong. That creates an opportunity for investors willing to take a longer view. Most semiconductor investors are chasing the stocks they think will grow the fastest over the next few years.... Read more âș
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OpenAI President Greg Brockman said Thursday he supported a recent suggestion from longtime rival Elon Musk that leading AI developers meet every few weeks to discuss and share safety and security concerns about the technology. âI think itâs a pretty good baseline proposal,â Brockman said, ... Read more âș
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Maybe, just maybe, big tech firms need to do a better job of explaining their AI investment strategies. Shares of Google parent Alphabet fell 7% on Thursday after the company disclosed a further increase in capital expenditures this yearâmoney it will spend on new AI chips, servers and data centers. The drop all but wiped out the gains the stock had enjoyed so far this year.Sure, the entire stock market... Read more âș
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Before we get into todayâs column, some breaking news: Stripe is in talks to buy OpenRouter for about $10 billion. The news follows our report Friday that the $1.3 billion-valuation startup, which helps companies choose the best and cheapest AI models, was the target of takeover interest. Databricks was also in early discussions to buy the startup, we reported today. For more on why Stripe can make big acquisitions, read... Read more âș
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Amazon this week closed its AGI Lab, a San Francisco-based research and product team that was developing software to improve the usefulness of AI agents, according to an Amazon spokesperson. The lab was shuttered as part of Amazonâs layoffs in its artificial general intelligence unit ... Read more âș
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28.07.2026 09:48
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