Chinese electric vehicles face 125% cumulative tariffs, a proposed Senate ban, and fierce opposition from lawmakers and the US auto industry. But there is a growing possibility that Chinese EVs will be sold in the US within the next few years. The routes in are multiplying: through Canada, Mexico, and partnerships with the very automakers […] This story continues at The Next Web Read more ›
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The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […] This story continues at The Next Web Read more ›
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The round is led by Headline, with new investors Bullhound Capital, Felix Capital, and Daphni. Valuation is undisclosed. Sereact’s vision language action models already run in BMW, Daimler Truck, and logistics customers. The $110M is more than four times the €25M Series A raised just 15 months ago. Sereact, the Stuttgart-based AI robotics software company, […] This story continues at The Next Web Read more ›
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The NDRC’s Office of the Working Mechanism for Foreign Investment Security Review issued a formal cancellation order on Monday, four months after the deal was announced. Manus co-founders Xiao Hong and Ji Yichao have been barred from leaving China since March. China’s National Development and Reform Commission has formally ordered Meta to unwind its $2 […] This story continues at The Next Web Read more ›
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The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general […] This story continues at The Next Web Read more ›
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The round amount is undisclosed. Backers include Nordic Makers, Emblem, the Lovable company itself, the Sequoia Scout Fund, and the Andreessen Horowitz Scout Fund. Lovable CEO Anton Osika personally endorsed the team. Atech lets users describe a hardware concept in natural language and receive a working prototype. Atech, a Copenhagen-based AI hardware startup, has raised […] This story continues at The Next Web Read more ›
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Iran’s strike on SABIC’s Jubail petrochemical complex in early April halted production of the resin used to make PCB laminates. Goldman Sachs analysts say prices surged 40% in April alone. A South Korean supplier to Samsung and AMD says epoxy resin wait times have stretched from three weeks to fifteen. The Iran war that began […] This story continues at The Next Web Read more ›
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The promotional discount runs until 5 May 2026. Even at full price, V4-Pro already undercuts GPT-5.5, Claude Opus 4.7, and Gemini 3.1 Pro on per-token costs. The move is a direct challenge to the pricing strategy of US AI providers at a moment when the Trump administration has accused Chinese firms of distilling American AI […] This story continues at The Next Web Read more ›
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Sequoia Capital co-steward Alfred Lin personally purchased 200 Mac Minis, had each one custom-engraved with a design mixing old cartography and machine learning contour plots, and distributed them to attendees at Sequoia’s “AI at the Frontier” event. Each machine contained two easter eggs: Sequoia’s ethos statement about creative spirits and underdogs, and a quote generated […] This story continues at The Next Web Read more ›
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Foundation Future Industries, a San Francisco startup founded in April 2024, has secured $24 million in research contracts with the US Army, Navy, and Air Force to test humanoid robots designed to breach enemy positions. The company’s Phantom MK-1 is a 5-foot-9, 176-pound humanoid with 19 upper-body degrees of freedom, five-fingered hands, a camera-first vision […] This story continues at The Next Web Read more ›
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Jury selection begins Monday in Oakland federal court for the trial that will determine whether OpenAI’s conversion from a nonprofit to one of the most valuable companies in the world was a breach of charitable trust. Elon Musk, who co-founded OpenAI in 2015 and donated at least $38 million to it, is suing Sam Altman, […] This story continues at The Next Web Read more ›
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China’s Ministry of Commerce issued a formal condemnation on Saturday after the European Union included approximately 27 Chinese and Hong Kong entities in its 20th sanctions package against Russia, the largest round of listings in two years. Beijing said the move “runs counter to the spirit of the consensus reached between Chinese and EU leaders, […] This story continues at The Next Web Read more ›
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China’s most powerful governing bodies, the Chinese Communist Party Central Committee and the State Council, issued comprehensive labour rules for gig workers on Sunday, the first time the party’s highest authority has formalised protections for the more than 200 million people who deliver food, drive cars, and livestream products through online platforms. The mandate requires […] This story continues at The Next Web Read more ›
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Sam Altman published an open letter to the community of Tumbler Ridge, British Columbia, on Thursday, apologising for OpenAI’s failure to alert law enforcement after its own systems flagged a user who went on to carry out the deadliest school shooting in Canada in nearly four decades. “I am deeply sorry that we did not […] This story continues at The Next Web Read more ›
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China’s Ministry of Commerce warned on Friday that US legislation advancing through Congress would “severely disrupt the international economic and trade order and seriously undermine the stability of the global semiconductor industry chain and supply chain.” The legislation in question is the MATCH Act, the Multilateral Alignment of Technology Controls on Hardware, which passed the […] This story continues at The Next Web Read more ›
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The Shiller cyclically adjusted price-to-earnings ratio for the S&P 500 stands at approximately 38 to 40, depending on the day you check. In 155 years of recorded data, the CAPE has been higher exactly once: March 2000, when it reached 44.19, one month before the Nasdaq began a decline that would erase 78% of its […] This story continues at The Next Web Read more ›
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In short: Oracle closed a $16.3 billion financing for a single data centre campus in Saline Township, Michigan, the largest single-facility technology debt package ever assembled. PIMCO anchored roughly $10 billion of the bond tranche because US banks retreated from the deal, citing doubts about AI infrastructure demand sustainability. The financing is part of $72 […] This story continues at The Next Web Read more ›
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Summary: Porsche unveiled the Cayenne Coupe Electric at Auto China in Beijing, a 1,139 hp electric SUV that does 0-60 in 2.4 seconds with up to 669 km WLTP range and 16-minute fast charging, starting at $113,800. It launches during the worst financial year in Porsche’s history, a 93% operating profit decline, a first-ever quarterly […] This story continues at The Next Web Read more ›
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Summary: Stanford professor James Zou is reportedly raising approximately $100 million at a valuation targeting $1 billion for a startup called Human Intelligence that applies AI to research on the human body, according to Bloomberg. Zou’s research includes an FDA-cleared cardiac AI (EchoNet), a Nature-published Virtual Lab that designed novel nanobodies, and a Virtual Biotech […] This story continues at The Next Web Read more ›
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Summary: Meta signed a multibillion-dollar, multi-year deal to deploy tens of millions of Amazon’s Graviton5 ARM CPU cores in AWS data centres for agentic AI workloads. The chips are general-purpose processors, not AI accelerators, handling the CPU-intensive inference and orchestration tasks behind real-time reasoning and multi-step agents. The deal is one piece of a procurement […] This story continues at The Next Web Read more ›
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Summary: Meta and Microsoft announced workforce reductions on the same day, April 23, affecting up to 23,000 positions combined. Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles effective May 20, while Microsoft launched its first-ever voluntary retirement programme offering buyouts to up to 8,750 US employees whose age plus years […] This story continues at The Next Web Read more ›
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13.06.2026 21:48
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