China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai
Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years.
China memory chipmaker CXMT skyrockets 500% in blockbuster Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
In China, people are renting out their faces to AI
New platforms are paying people to license their likeness for AI-generated dramas and ads, creating a new marketplace for biometric identity.
Digital advertising founder David Jones: ‘Why not do 95% of it with fast, efficient machines?’
Brandtech’s chief executive says AI is transforming industry but his company faces doubts over valuation
Ctrip hit with $760 million antitrust fine over market dominance abuse
On Saturday, China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on Ctrip Group for abusing its dominant market position in violation of the country’s Anti-Monopoly Law. The total fine and confiscated illegal gains amounted to RMB 5.179 billion ($760 million). In a statement released the same day, Ctrip said it had received the […]
BYD to unveil first humanoid robot in early August
BYD yesterday released a teaser poster hinting that its first humanoid robot will make its public debut in early August. The announcement follows earlier comments from BYD executives signaling the company’s ambitions in robotics. Last month, BYD Executive Vice President Li Ke said the company hopes to eventually deploy humanoid robots across its dealership network, […]
‘House of the Dragon’ Actor Benjamin Evan Ainsworth on ‘Absurdity’ of Assassination Attempt, Daeron’s Growing Power and if Ormund Is Dyeing the Kid’s Hair
SPOILER ALERT: This article contains spoilers for Season 3, Episode 3 of “House of the Dragon,” now streaming on HBO Max. Daeron Targaryen (Benjamin Evan Ainsworth) is growing up: On this week’s episode of “House of the Dragon” Season 3, the youngest (and least blonde) child of Alicent Hightower (Olivia Cooke) and Viserys Targaryen (Paddy Considine) […]
CXMT shares rise 472% as DRAM maker becomes largest China-listed firm by total market cap
Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. CXMT has become the most valuable company listed on the mainland Chinese market. The size of the...
Insurtech Corgi hits $4 billion valuation on latest raise
Corgi, an AI-powered full-stack insurance platform, has reportedly hit a $4 billion valuation after raising money from investors for the fourth time this year.
Love’s Labor’s Found: The Beijing Scholar Speaking Up for Hired Hands
A Tsinghua University Ph.D. student who took on a series of short-term gigs for research shines a light on the pressures and pride felt by Beijing’s day laborers.
Partner-Associate Park Passion Predicament — See Generally
What's The Billing Code For This : A midday park-bench makeout session between a Biglaw partner and associate ends up going viral. $1.2 Billion Worth Of 'Are You Sure This Is Legal?' : MV Realty has sued Holland & Knight claiming it sank $156 million into a unique financial product blessed by the firm and 16 state attorneys general came calling . John "Torture Memo" Yoo Invents New Crime To Threaten Administration Critics : John Yoo went on Fox News suggesting the Trump DOJ investigate Zohran Ma
Wildfire Disruptions to the Tour de France Show How Climate Change Is Shaping Sports
Tadej Pogačar's fifth Tour de France victory came after last-minute course changes due to wildfires, underscoring how climate change is influencing major sporting events.
Finance One backs AI and automation to move faster
Podcast: Implements inaugural AI strategy outline and framework.
Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week
Until well after the threat was contained.
Making sense of the panic over Chinese AI
On the latest episode of Equity, we discussed why Moonshot AI's Kimi seemed to panic Silicon Valley and Wall Street.
Virginia Study on Groundwater and Data Centers Calls for Tighter Water Regulations
The study, released after months of delays and mounting criticism, was ordered two years ago amid growing concerns about resources for data centers.
Traders are getting a new tool to wager on the biggest U.S. stocks
CME Group Inc. will launch single-stock futures Monday, allowing investors to hedge or speculate on more than 50 of the largest US companies.
James Cameron tried to warn us: ‘Skynet Day’ is now shorthand for OpenAI’s agent going rogue and hacking into a startup
In what OpenAI said was the first-ever incident of its kind, an advanced AI model escaped its “sandbox” to the internet and used stolen credentials to break into the servers of Hugging Face.
20 Years Ago, a Feature Documentary Announced the Death of the Electric Car
Long before the Tesla revolution, Sony Pictures Classics' ‘Who Killed the Electric Car?’ investigated why GM discontinued the beloved EV1.
Ukraine’s attack on an Iranian ship in the Caspian Sea could signal a new battlefront as U.S. seeks to form ‘a ring of economic and military pressure’
"In any case, what is clear is that Iran’s war is becoming increasingly intertwined with two other conflicts: the Saudi-Houthi confrontation and the Russia-Ukraine war."
Apple's smart glasses delay reportedly stems in part from major privacy concerns
The Apple team behind the upcoming smart glasses is reportedly exploring several tweaks related to user privacy.
European start-up with SpaceX ambitions aims for a $2bn valuation
The Exploration Company in talks to raise $300mn for reusable space capsules
Hugging Face CEO calls for ‘radical transparency’ after ‘unprecedented’ OpenAI hack
"The first autonomous agent cyberattack is an unprecedented event. It deserves an unprecedented response!"
El MIT ha diseñado un robot que vuela y bucea como un ave marina, pero sin patas: el truco está en el ángulo de despegue
Cuando hablamos de drones pensamos automáticamente en vehículos voladores, pero también existen drones submarinos . Lo que no es tan habitual es que un mismo dron sea capaz de hacer las dos cosas. Es justo lo que acaba de conseguir el MIT : un pequeño robot con alas capaz de volar y sumergirse en el agua , como si fuera una ave marina cuando caza. El robot, el cual han bautizado con el nada sugerente nombre de "vehículo aéreo-acuático de alas batientes" (FAAV, por sus siglas en inglés), ha sido
Head Start, Explained. How Changes to Early Education Program Affect California Families
Head Start, the federal program providing free early education for low-income children, has benefited from strong bipartisan support since its 1965 inception, withstanding funding cuts and political turbulence across 11 presidencies. But more recent threats from the second Trump administration have thrust Head Start into the spotlight. Last year, its programs faced disruptions and threats […]
Jeff Bezos says stress is a signal to work harder, not a reason to stop
Jeff Bezos, the founder of the company that just became the number one Fortune 500 business, says the cure for anxiety is not rest or meditation but action. Speaking at the Museum of Flight in Seattle in 2017, Bezos told an audience of students that stress is a signal from the body that something is […] This story continues at The Next Web
Build the Join Key Before the Ledger
Somewhere inside the agentic payments architecture currently being standardized there will be an aud...
Cursor's agent swarm suggests cheaper models can handle most coding when frontier models plan the work
Cursor asked its upgraded agent swarm and its predecessor to rebuild SQLite in Rust using only the documentation, with no source code or internet access. Every configuration of the new system, which separates planners from workers, eventually scored 100 percent on the test suite. The old swarm choked on merge conflicts of its own making. The article Cursor's agent swarm suggests cheaper models can handle most coding when frontier models plan the work appeared first on The Decoder .
When the AI bubble bursts, what will Australia do with the tools it built? One man thinks he has the answer
Journalist and author Cory Doctorow is coming to Australia to spread his message – humans will take their jobs back Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast When the AI bubble bursts, executives who enthusiastically replaced their staff with AI tools will learn that it takes a “really long time” to replace those lost skills, says Cory Doctorow, a science fiction author and journalist. But those in creative fields should a
What is the risk of using Chinese open AI models like Kimi K3?
The real problem is not overseas open-source but lack of co-ordination to protect infrastructure in the face of cyber attacks
5 ways SRE AI agents are set to augment human capabilities
In digital operations management, AI agents give organizations a competitive edge by reducing incident volume and accelerating recovery. The potential The post 5 ways SRE AI agents are set to augment human capabilities appeared first on The New Stack .
A Roadmap for Confronting the Chilling Effects of Censorship, Surveillance and New Technology
Despots, DSA Fines, and an 'Autonomous' AI Attack
Optical Tech Would Update a Robot’s AI on the Fly
Atop a lab bench, Cornell Tech postdoctoral researcher Yifan He positions the lens of an optical receiver almost a meter away from an LED emitting a beam of red light. The computer monitor attached to the receiver takes a beat to refresh, then displays an array of squares that resemble a QR code. When you hold your phone camera up to a QR code, light strikes the image sensor as only a first step to revealing the data hidden behind the black and white matrix. The receiver here is doing something
How the OpenAI-Hugging Face Hack May Affect the Geopolitics of AI Governance
Corporate America may be using AI to cut jobs, but small businesses are using it to keep them
Reports of wide-scale replacement of workers by AI are overblown. Small businesses use it to help workers I recently met the owner of a company that sells windows and doors. He told me he invested about $10,000 in an AI application that is used by his salespeople in his showroom. The application listens to the conversations between the salesperson and the prospective customer and then automatically creates a quote for the salesperson to review and send. “It allows my salespeople to talk to more
Low profile, high AI ambition: what leaked comments reveal about DeepSeek’s Liang Wenfeng
In an era dominated by aggressive tech founders who chase billion-dollar valuations and maximal profits while curating loud public profiles, Liang Wenfeng stands out for his insistence on staying in the background. With only a couple of photographs of him circulating online, the founder of Chinese artificial intelligence start-up DeepSeek and quantitative hedge fund High-Flyer Quant has long been a reclusive figure. But last week, a leaked transcript of a closed-door meeting with potential...
The U.S. government invested $27 billion in corporate stakes. Good luck finding them
The Trump administration’s equity stakes—from Intel to quantum startups—appear in no budget document and are subject to no watchdog.
El 'prompt injection' ya tiene su propio contraataque: inyectar falsas instrucciones también a los hackers
Durante los últimos dos años, el prompt injection ha sido el arma favorita de los ciberatacantes contra sistemas de inteligencia artificial. Este método pasa por esconder una instrucción maliciosa dentro de un correo, una invitación de calendario o una página web para que un agente de IA acabe obedeciendo al intruso en lugar de a su usuario legítimo. Lo bueno es que esta misma técnica también sirve para pararle los pies a los atacantes. Qué ha pasado. &
Why TikTok’s Algorithm Keeps You Trapped in a Breakup Loop
As social media companies face scrutiny over addictive design features, mental health experts cite a stream of breakup content as an example of the failure to protect users.