Key Points: Tencent upgrades its foundational AI model, Hy3. Hy3 offers big advances in reasoning and coding, available on Tencent products. New Chief AI Scientist, Yao Shunyu (ex-OpenAI), leads the effort. Tencent is focusing on "agentic AI" and plans $5...
Key Points: Cisco Systems revealed a new switching chip designed to connect different types of quantum computers. The company wants to eventually build an internet for quantum machines, similar to how the regular internet connects today. The new Cisco switch works at room temperature and uses standard telecommunications fiber-optic cables. Quantum sensors connected to the switch can instantly detect hackers or malicious AI agents eavesdropping...
Key Points: LG Innotek is moving from just supplying parts to offering complete solutions. Physical AI, like robotics and self-driving cars, is their big bet for future growth. They are already talking with big clients in the US and Europe about robot parts. The company plans to double its capacity for high-demand semiconductor substrates. LG Innotek is making a big change. They're no longer just...
Key Points: Elon Musk's SpaceX secured a $20 billion bridge loan to refinance existing debt ahead of its upcoming IPO. The company might have to use proceeds from the initial public offering to repay the massive loan. Wall Street expects the SpaceX IPO to be the largest in history, potentially valuing the company at $1.75 trillion. The new loan replaces five older debt facilities tied...
Key Points: British authorities banned the leasing of "Global Titles" to stop criminals from exploiting the international telecommunications system. Global...
Key Points: Meta announced it will lay off roughly 8,000 workers, which equals about 10% of its total workforce. The...
Key Points: Intel forecast second-quarter revenue between $13.8 billion and $14.8 billion, easily beating Wall Street expectations. Shares of the...
Key Points: Brazil's antitrust watchdog CADE voted to deepen its investigation into how Google uses journalistic content. The agency will...
Key Points: NextEra Energy expects to finalize massive agreements within three months to build natural gas-fired power projects in the...
Key Points: Amazon will strip traditional job titles from hundreds of employees at its Ring and Blink home security units....
Key Points: SpaceX plans "controlled company status" after its IPO. Elon Musk will retain significant control over the board. This...
Key Points: Alibaba's Qwen AI now directly books China Eastern flights. Users can book flights using natural language commands. Qwen...
Key Points: NASA aims to launch the Nancy Grace Roman Space Telescope as early as September 2026, beating the original...
Key Points: SoftBank Group is reportedly seeking a massive $10 billion loan from global financial markets. The Japanese conglomerate plans...
Key Points: Tesla plans to convert old assembly lines at its Fremont plant to build up to 1 million Optimus...
Key Points: IBM shares dropped 6% in after-hours trading following a noticeable slowdown in first-quarter revenue growth. Total revenue increased...
Key Points: TSMC plans to open a massive new chip packaging plant in Arizona by 2029. The company needs to...
Key Points: VAST Data reached a massive $30 billion valuation after completing its latest Series F funding round on Wednesday....
Key Points: The European Union plans to overhaul its merger rules for the first time in more than two decades....
Key Points: Florida AG launches criminal probe into OpenAI. Investigation links ChatGPT to advice given to a FSU shooter. OpenAI...
Key Points: Jim Cramer praised Tim Cook for building "greatest consumer-based enterprise." Apple stock surged 1,900% under Cook's leadership. Cook's...
Key Points: United States electric vehicle maker Tesla officially launched a new six-seater version of its highly popular Model Y....
Key Points: Florida Attorney General James Uthmeier launched a criminal probe into OpenAI regarding a deadly shooting at Florida State...
Key Points: Adobe announced a massive share repurchase program worth up to $25 billion running through April 2030. The company's...
Key Points: SpaceX warned investors that its massive plans for space-based AI data centers rely entirely on unproven technologies. The...
Key Points: A London tribunal ruled that Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses....
Key Points: Intel investors are closely watching how the company handles supply chain issues that limit chip production. The company...
key points Victory Giant Technology shares surged up to 60% in the Hong Kong IPO. Raised HK 20 billion ($2.57...
Key Points: SpaceX IPO plans include super-voting shares for Elon Musk. Company targeting $1.75 trillion valuation, $75 billion raise. A...
Key Points: Britain will announce a new package of measures on Tuesday to accelerate the growth of renewable power. Energy...
Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million....
Key Points: Tesla officially settled a wrongful death lawsuit in Florida stemming from a fatal 2018 crash involving a Model...
Key Points: Artificial intelligence company Clarifai deleted 3 million user photos originally obtained from the dating site OkCupid. The FTC...
Key Points: Tim Cook announced he will officially step down as CEO of Apple on September 1. John Ternus, the...
Key Points: The Federal Aviation Administration officially ordered an investigation into Sunday's Blue Origin New Glenn 3 rocket failure. A...
Key Points: USA Rare Earth will acquire Brazilian miner Serra Verde in a massive cash-and-stock deal valued at exactly $2.8...
