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Xiaomi’s AI Push and EV Update Drive Stock Rally

Key Points: Xiaomi's stock rose due to new AI model releases and an updated EV launch. The company is investing heavily in AI, launching models like MiMo V2 Pro and testing miclaw. Goldman Sachs sees Xiaomi as a potential "physical AI leader." Xiaomi is updating its SU7 EV to stay competitive in the growing EV market. Xiaomi Corp. saw its shares climb on Thursday, fueled...

Elon Musk Rebrands xAI and Commits to Massive Nvidia Chip Orders

Key Points: Elon Musk announced that SpaceX AI and Tesla will continue to order Nvidia chips at scale. This marks the very first time Musk has referred to the combined xAI entity as SpaceX AI. Tesla is actively designing its fifth-generation AI5 chip for autonomous driving. A massive update to Tesla's Full Self-Driving software is coming in a few weeks. Elon Musk dropped several massive...

Alibaba Cloud Raises Prices Due to Soaring AI Hardware Costs

Key Points: Alibaba Cloud is raising service prices, some up to 34%. The primary reason is the soaring cost of hardware due to global AI demand. GPU-powered services will see the largest price increases. Other cloud providers like AWS and Microsoft have also increased prices. Alibaba Cloud is increasing prices for many of its services, with some jumping as much as 34%. The Chinese cloud...