Thursday’s release of a surprisingly sophisticated new open-source AI model from Beijing-based startup Moonshot has ignited debate over whether China’s developers are erasing the gap with the dominant models from America’s AI firms.There is little question that Moonshot’s Kimi K3 is impressive. The largest open-source model in the world, with 2.8 trillion parameters, it performed impressively on some AI benchmarks, topping a key coding leaderboard from Arena, for instance—ahead of... Read more ›
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A sell-off in the triumvirate of memory chip stocks this month—Samsung, SK Hynix and Micron Technology—has presented investors with a fresh opportunity to get exposure to the fast-growing sector. But investors buying in now have to be willing to dismiss the worries that sparked the sell-off—that the memory chip surge will falter in the next few years, as it has done many times in past boom-and-bust cycles. One solution for... Read more ›
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Google is working on a new server chip that would directly integrate the blueprint of its Gemini AI model, enabling the company to serve its AI models to users much more efficiently, according to two people with direct knowledge of the matter. Google intends the new chip, informally dubbed “Frozen v2,” to help it address a major shortage in AI computing capacity that has fueled internal tensions and compelled Google... Read more ›
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Chinese startup Moonshot AI, whose powerful new open-source model is upending Silicon Valley, is seeking formal approval from investors to begin preparations for an initial public offering in Hong Kong, according to two people with knowledge of the matter. The Beijing-based company recently ... Read more ›
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Chinese tech giant Alibaba Group has unveiled a preview version of Qwen3.8 Max, its latest and most powerful model, saying its performance is comparable to that of top U.S. models. Alibaba said in a post on X that it believes Qwen3.8 Max, its largest-ever model with 2.4 trillion parameters, is “ ... Read more ›
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It’s midsummer, but now is not the time to be on the beach. This week, we’ve got Alphabet, Google’s parent, and Tesla reporting second-quarter earnings, and the week after, we’ll get Meta Platforms, Amazon, Microsoft, Apple and PayPal, a company in the takeover spotlight right now. Of most interest, of course, is how Google, Amazon and Microsoft are doing on the AI front, both in their cloud businesses and in... Read more ›
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U.S. stock sales are on track for a record this year, as massive offerings from SpaceX, Alphabet and others push totals past a 2021 high. More sales are coming. Anthropic is headed for an initial public offering as soon as September. And bankers are pitching other public tech companies on issuing more stock. These include Intel, after the chipmaker’s shares more than doubled since the start of the year, according... Read more ›
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Building an AI supercampus increasingly means paying more than you bargained for. Oracle’s attempt to salvage a proposed $165 billion project on the rocks in New Mexico is a recent example. The cloud provider earlier this year was planning to spend billions of dollars to build its own natural-gas plants to power Project Jupiter, a 1,400-acre, two-plus gigawatt AI data center for OpenAI near the Texas border town of El... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Trump’s AI agenda collides with reality• Tech Culture: Welcome to the great private jet drought• Plus, Recommendations—our weekly pop culture picks: “Gastronomics,” “Catch the Devil” and “The Invite”At the dawn of the AI boom, the technology sparked a real melee between newcomer startups and the industry’s established giants. A good amount of the energy in that fight seems to have diminished lately,... Read more ›
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In January 2025, just three days after entering office for his second term, President Donald Trump signed an executive order that revoked many of the Biden administration’s efforts on AI. The order was part of Trump’s promise to take a light-touch approach to AI regulation, rolling back what he would later describe as his predecessor’s attempt to “paralyze” the industry through its emphasis on safety. Flanked by venture investor David... Read more ›
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OpenEvidence, the fast-growing startup that helps doctors find medical information through an AI chatbot, has considered raising $200 million after receiving offers from investors at a valuation of around $20 billion, according to a person involved in the discussions. The company is unlikely to proceed, in part because a round would dilute founders and other shareholders, the person said. OpenEvidence has also held acquisition talks with a large tech company... Read more ›
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Databricks is raising $3 billion in new funding led by Coatue Management at a valuation of $188 billion, a 40% increase from its valuation after its last funding in December, the Wall Street Journal reported. The AI firm hosts GPU servers that customers can use to build applications using AI ... Read more ›
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OpenRouter, which helps app developers access hundreds of AI models, has discussed a potential sale to a bigger tech company that could value the startup at billions of dollars, a steep premium to its $1.3 billion valuation, people familiar with the matter said. The discussions reflect a swell of interest this year in technology that makes it easier for app developers to run a variety of models, including open-source, to... Read more ›
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Apple and the U.S. Department of Justice are in talks to settle the antitrust lawsuit the agency brought against the iPhone maker in 2024, Bloomberg reported. The discussions are active and Apple has made multiple offers this year to settle with the Justice Department, though it’s possible no ... Read more ›
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Shares of SpaceX fell around 4% on Friday morning, extending recent declines, after the company scrubbed a planned Starship test launch in Texas on Thursday evening. “Some of the engines didn’t start, triggering an automatic launch abort,” Elon Musk said in a post on X. “To be confident of a ... Read more ›
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Tech stocks dropped sharply again on Friday, reflecting continuing negative sentiment about the risks for companies that are relying on AI for growth. Moonshot AI’s release of its latest AI model which outdoes most other leading models also appeared to fuel the selloff. The Nasdaq-100 index fell ... Read more ›
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After Bill Papariella, a Fort Lauderdale, Fla.–based entrepreneur, sold his private jet charter business for nearly $1 billion in 2022, he took it easy for a couple years. But as the number of ultrawealthy continued to climb in the U.S., another business idea struck him: a company that offered fractional jet ownership, like NetJets, but with a service designed as an even more premium product. Last October, he launched Bond,... Read more ›
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ChangXin Memory Technologies, China’s leading memory-chip maker, expects to raise at least 57.9 billion yuan ($8.6 billion) in its Shanghai initial public offering, according to a regulatory filing on Wednesday, moving ahead with what is set to be the biggest tech listing in China’s domestic ... Read more ›
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Chinese leader Xi Jinping on Friday called for “open source and open collaboration” in global AI development during a keynote speech at a government-hosted AI conference in Shanghai. “We should encourage inclusiveness and promote mutual learning among civilizations,” Xi said, according to a ... Read more ›
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Chinese startup Moonshot AI’s latest large language model is sending shockwaves through the global AI industry because of its frontier-level coding capabilities on some benchmarks. The new model, Kimi K3, is stirring debates whether the gap between Chinese open-source and U.S. frontier models ... Read more ›
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27.07.2026 06:55
Last update: 06:51 EDT.
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