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Zhipu AI becomes first China AI tiger to go public, vows to export brutal price war globally

Beijing-based Zhipu AI raised $558 million in its Hong Kong IPO, becoming the first major Chinese generative AI startup to go public. Despite reporting just $27 million in sales and deepening losses, the company's co-founder predicts US AI developers will face the same price-based competition that has forced Chinese firms to forgo profits, with Zhipu charging one-seventh the cost of rivals like Anthropic.

Business10 sources

Zhipu AI becomes first China AI tiger to go public, vows to export brutal price war globally

Business10 sources

Baidu files for Kunlunxin spin-off in Hong Kong as China's AI chip race intensifies

Baidu has confidentially filed for a Hong Kong listing of Kunlunxin, its AI chip unit valued at $3 billion. The move comes as Chinese chipmakers race to secure funding amid Beijing's push for semiconductor self-sufficiency and escalating U.S.-China tech tensions. Kunlunxin designs powerful AI accelerators essential for data centers, positioning itself alongside Huawei and Cambricon as China seeks alternatives to Nvidia chips.

Business9 sources

Baidu files for Kunlunxin spin-off in Hong Kong as China's AI chip race intensifies

Business9 sources

Tesla sales plunge 10% as self-driving ambitions fail to materialize in 2025

Tesla delivered 1.6 million vehicles in 2025, marking a nearly 10% decline from 2023 and losing its EV sales crown to BYD. Despite stock prices hitting all-time highs fueled by Elon Musk's autonomous vehicle promises, the company's Robotaxi service remains limited to Austin and San Francisco with safety drivers still required. The gap between Musk's predictions and reality raises questions about investor confidence.

Business3 sources

Tesla sales plunge 10% as self-driving ambitions fail to materialize in 2025

Business3 sources

Nvidia in advanced talks to acquire AI21 Labs for up to $3 billion in talent-focused deal

Nvidia is negotiating to buy Israeli AI startup AI21 Labs for between $2 billion and $3 billion, more than double its 2023 valuation of $1.4 billion. The deal centers on acquiring AI21's 200-person team with specialized expertise in AI development, particularly in large language models. This marks Nvidia's fourth major acquisition in Israel as CEO Jensen Huang expands the company's footprint in what he calls its "second home."

Startups7 sources

Nvidia in advanced talks to acquire AI21 Labs for up to $3 billion in talent-focused deal

Startups7 sources

SoftBank completes $40 billion OpenAI investment, securing 11% stake in ChatGPT maker

SoftBank has finalized its $40 billion investment in OpenAI, marking one of the largest private technology investments ever. The Japanese conglomerate sent a final $22.5 billion last week, bringing its total stake to 11% in the ChatGPT maker. The funding supports OpenAI's artificial intelligence infrastructure ambitions, including the $500 billion Stargate project.

Startups12 sources

SoftBank completes $40 billion OpenAI investment, securing 11% stake in ChatGPT maker

Startups12 sources

Octopus Energy spins off AI unit Kraken Technologies at $8.65 billion, eyeing public listing

British renewable energy company Octopus Energy is spinning off its AI technology unit Kraken Technologies as a standalone entity valued at $8.65 billion. The separation follows a $1 billion funding round led by D1 Capital Partners and sets the stage for a potential public listing by mid-2026, with London and the US being considered as possible listing locations.

Business4 sources

Octopus Energy spins off AI unit Kraken Technologies at $8.65 billion, eyeing public listing

Business4 sources

SoftBank acquires DigitalBridge for $4 billion to secure critical AI data center infrastructure

SoftBank has agreed to acquire digital infrastructure investor DigitalBridge for $4 billion, including debt, in a move to secure data center capacity and power for large-scale AI compute. The deal gives SoftBank access to DigitalBridge's 22-gigawatt power bank and relationships with investors eager to deploy capital in the data center industry. This acquisition comes as AI infrastructure planning shifts upstream into power origination and grid access.

Business13 sources

SoftBank acquires DigitalBridge for $4 billion to secure critical AI data center infrastructure

Business13 sources

Oracle's AI spending spree triggers worst stock decline since 2001 as investor concerns mount

Oracle shares have plummeted 30% this quarter, marking the company's steepest decline since the dot-com crash. Wall Street grows skeptical as the software giant's aggressive AI push strains its balance sheet with $50 billion in planned capital expenditures and delayed OpenAI data center projects.

Business2 sources

Oracle's AI spending spree triggers worst stock decline since 2001 as investor concerns mount

Business2 sources

AI Boom Creates Over 50 New Billionaires as Startup Investment Surges Past $200 Billion

The artificial intelligence sector generated unprecedented wealth in 2025, minting more than 50 new billionaires as investors poured $202 billion into AI companies. From data labeling startups to AI agents replacing workers, founders saw their net worth surge to ten-figure amounts in record time, with some reaching billionaire status in less than three years.

Business6 sources

AI Boom Creates Over 50 New Billionaires as Startup Investment Surges Past $200 Billion

Business6 sources

Coforge to acquire AI-native firm Encora for $2.35 billion in largest Indian IT services deal

Indian IT services provider Coforge announced plans to acquire California-based AI firm Encora for $2.35 billion from private equity groups Advent International and Warburg Pincus. The technology services deal marks the largest acquisition in India's IT sector by deal value, surpassing HCL Technologies' $1.8 billion IBM products purchase in 2018. The combined entity expects to generate $2 billion in revenue by FY27.

Business7 sources

Coforge to acquire AI-native firm Encora for $2.35 billion in largest Indian IT services deal

Business7 sources

Nvidia drops $20 billion on AI chip startup Groq in largest acquisition ever

Nvidia has agreed to acquire AI chip challenger Groq for $20 billion in cash, marking the GPU giant's largest deal ever. The transaction includes licensing Groq's intellectual property and hiring key talent, including CEO Jonathan Ross, while Groq remains an independent entity. The deal raises questions about Nvidia's strategy to extend its AI dominance and whether it's worth the hefty price tag.

Business28 sources

Nvidia drops $20 billion on AI chip startup Groq in largest acquisition ever

Business28 sources

Marissa Mayer's Dazzle secures $8M to build next-gen AI personal assistant for consumers

Former Yahoo CEO Marissa Mayer has launched Dazzle, a generative AI startup focused on building AI personal assistants for the consumer market. The company raised an $8 million seed round at a $35 million valuation, led by Forerunner's Kirsten Green. Mayer shuttered her previous venture Sunshine after six years to pursue this opportunity, betting on consumer-facing AI's breakout moment.

Startups3 sources

Marissa Mayer's Dazzle secures $8M to build next-gen AI personal assistant for consumers

Startups3 sources

Michael Burry warns Nvidia's power-hungry AI chips could hand China the edge in global AI race

Michael Burry, famed for predicting the 2008 crisis, warns that Nvidia's energy-intensive AI chips could disadvantage the US against China in the global AI race. He points to China's superior energy generation capacity and rapid infrastructure expansion as key advantages, while criticizing America's constrained power grid and calling for a shift to more efficient AI-tuned ASICs.

Technology2 sources

Michael Burry warns Nvidia's power-hungry AI chips could hand China the edge in global AI race

Technology2 sources

AI Bubble Fears Intensify as Tech Giants Commit $1.5 Trillion to Infrastructure

Tech giants are pouring unprecedented sums into artificial intelligence infrastructure, with commitments reaching $1.5 trillion. But economists, including former White House advisers, warn that financial valuations of tech companies may be dangerously inflated. The massive spending on AI infrastructure far outpaces current returns, raising questions about sustainability and the risk of market correction.

Business7 sources

AI Bubble Fears Intensify as Tech Giants Commit $1.5 Trillion to Infrastructure

Business7 sources

Top AI investors say the AI bubble is good for innovation despite inflated valuations

Leading venture capitalists Steve Jang of Kindred Ventures and Cathy Gao of Sapphire Ventures argue that the AI bubble, while real, is essential for driving innovation. Speaking at Fortune Brainstorm AI conference, they explained how market excitement attracts top talent from tech giants and secures capital for ambitious AI projects, even as concerns about inflated valuations grow.

Business2 sources

Top AI investors say the AI bubble is good for innovation despite inflated valuations

Business2 sources

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