Companies, products, and big moves
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Nvidia announced on Monday that it is investing $3.5 billion in MediaTek via convertible bonds and putting MediaTek inside the NVLink Fusion ecosystem — the technical foundation behind Nvidia's push to let hyperscalers and frontier-model developers build custom AI accelerators that still plug into Nvidia's
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Beijing's national artificial intelligence fund put 1.4 billion yuan into Kuaishou's video-generation unit on Monday, and the size of the cheque matters less than what it signals: China's most commercially successful generative-video model is now a state-backed asset, two months
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Two moves in China's semiconductor ecosystem landed on the same day: a Tencent-backed AI chipmaker priced a near-billion-dollar IPO, and a Chinese court froze $300 million in assets belonging to a Dutch chipmaker its parent company wants back. Enflame Technology set its Shanghai IPO price
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On August 28, 2026, OpenAI notified SpaceX that it is exercising a contractual right it kept in its pocket for exactly this moment: the wind-down of its agreement to provide OpenAI models to Cursor, with a proposed shutoff date of November 12, 2026. The cutoff is not the news.
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For eight months, the story of China's two publicly listed large-language-model companies was a story about gravity. Zhipu and MiniMax went public in Hong Kong in January, tripled and quadrupled, then spent the summer giving it back — Zhipu's stock halving from its peak, MiniMax
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The Q2 earnings beat looked enormous. Alphabet's net income tripled. Amazon's nearly did. New reporting from the Financial Times says more than $160 billion of those profits came from "other income" — mark-ups on the cloud giants' own stakes in AI labs, not
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Two stories this hour on how the AI build-out is actually being paid for — and what happens to the open web once the scrapers show up. SoftBank's energy arm handed OpenAI roughly $5.5 billion in stock warrants, and the paperwork surfaced because SB Energy is about
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A restaurant-management platform is the latest unlikely beneficiary of the AI capital flood, and the size of the round shows just how much the category has matured in twelve months. Owner.com raised $240 million in a round led by Goldman Sachs Alternatives, with the company positioning the capital
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Capital is finally catching up to the bottleneck. Andreessen Horowitz said Thursday it is standing up a $1.1 billion "Machine Age" fund dedicated to the physical layer of AI — chips, memory, interconnects, data centers, robots, and the cooling, electrical, and real-estate buildout they all need. The
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Two stories that put the AI boom's hard infrastructure on the front page: a Chinese memory chipmaker just printed its first massive profit, and an AI-powered brand-protection tool has booted a popular open-source game off Google Play with a takedown that doesn't even
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South Korea has picked SK Telecom, KT, and Kakao to run "AI for All," a public-utility program that will give every Korean citizen free, unlimited access to frontier AI chatbots and agents by the end of 2026 — and the government is putting real money behind it. South
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AI's appetite for memory is colliding with a hard physical limit, and the chipmakers are running out of room to hide it. Two stories from the last 24 hours — one from a conference stage, one from a balance sheet — show the same problem from different sides. Micron used