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Baidu’s chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors
Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked…
Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals
Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus…
Researchers built an AI therapist that reads your smartwatch and earbuds to detect distress before you ask for help
Mental health chatbots all share the same limitation: the user has to reach out first. That is not always easy when someone is stressed, anxious, or unable to articulate how they feel….
India’s payments chief says AI will drive UPI from 750 million to a billion daily transactions
India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe,…
SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year
SpaceX has drawn roughly $89 billion in investor demand for its debut US bond sale, Bloomberg reported on Tuesday, setting the stage for one of the largest investment-grade offerings this year. The…
The American dream is ‘very dead’ for young Americans, says Mrs. Dow Jones
The American dream is “very dead” for millennials and Gen Z, according to financial influencer Haley Sacks, better known as Mrs. Dow Jones. In an interview with Business Insider, Sacks argued that…
Nearly 60% of TikTok videos shown to new users are AI slop, study finds
Nearly six out of every ten videos TikTok serves to a brand-new account are AI-generated junk. That is the central finding of a report published by video editing platform Kapwing, which analysed…
Apple’s design studio has lost nearly every Jony Ive-era designer. Incoming CEO John Ternus says he’ll fix it.
Apple’s industrial design studio, once the most influential product design operation in the technology industry, has been gutted. Bloomberg’s Mark Gurman reports that the team no longer has a true seat at…
A 201-year-old mutual bank just launched an AI Center of Excellence with a startup partner
Liberty Bank, a 201-year-old mutual bank headquartered in Middletown, Connecticut, announced the launch of an AI Center of Excellence alongside a strategic partnership with Flare AI. The centre will serve as the…
A Czech AI startup says it can detect drones by sound for €150 per sensor, and it wants to wire up power grids first
Czech startup Neuron Soundware has built an AI-powered acoustic detection system called Sound Shield that identifies drones by the sound of their engines using microphone sensors that cost between €100 and €150…