Companies, products, and big moves
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China's in-car AI race just got a new economics story: a 7-nanometer automotive AI chip priced in the thousand-yuan range is now shipping at volume. SiEngine, the Wuhan-based automotive chipmaker, announced on August 12 that its self-developed Tiangong 100 AI accelerator has entered
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Apple is reportedly training its own large language model specifically for the Chinese market — a departure from its plan to lean on third-party models — and Alibaba is helping it do it. Meanwhile, China's top foundries just posted the strongest quarters in their histories as AI demand spills
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Humanoid robotics gets its first public-market stress test this month, and retail investors just showed up in record numbers — even as the analysts watching the deal wonder whether the machines can actually earn their keep. Unitree Robotics' Shanghai STAR Market IPO closed its retail subscription more than 5,
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AMD went to the debt market for the biggest raise in its history this week, and investors lined up — the latest sign that the AI buildout is now financed with bonds as much as with equity. AMD priced $4.75 billion in investment-grade bonds Thursday — the largest bond offering
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The AI buildout's earnings parade keeps producing record quarters — and the market keeps asking for more. Applied Materials delivered its best-ever results Thursday and raised its outlook, and its stock still slipped. Applied Materials posted record fiscal third-quarter revenue of $9.12 billion, up 25% year
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The AI buildout is entering its financing chapter: Vantage Data Centers is weighing a roughly $100 billion listing, three rival operators are queued behind it, AMD just raised $4.75 billion in debt, and Micron's venture arm opened a $250 million fund for AI startups. Vantage Data Centers
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OpenAI's business just crossed a milestone that reframes its IPO math: the company is now generating revenue at an annualized pace above $40 billion — roughly double its run rate at the end of last year. OpenAI is on track to generate annualized revenue of more than $40 billion
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OpenAI gave ChatGPT a memory of everything you do on your Mac, Microsoft retired its Copilot mascot after less than a year, and Apple warned spyware targets across 110 countries — while the money pipeline kept flowing, from Micron's new venture fund to Reddit's S&P
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OpenAI is shipping the memory feature that turns your computer's activity into assistant context — and it's designed to avoid the privacy blowup that sank Microsoft's version. Also: Microsoft quietly retires its Clippy-like mascot. OpenAI launched Computer History, an opt-in feature for ChatGPT
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OpenAI's C-suite is reshuffling again, this time at the top of the revenue machine — and it's happening in the shadow of an expected IPO. Meanwhile, WhatsApp is putting scam detection on your phone instead of its servers. OpenAI has hired Dali Rajic — most recently president
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The AI buildout's biggest financing machine just got its formal terms: Nvidia is guaranteeing part of the resale value of aging GPUs to keep half a trillion dollars of institutional capital flowing into data centers. Also in the feed: Ant Group's smallest open model yet punches
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China's on-device AI champion is heading to public markets: ModelBest, the Beijing startup behind the MiniCPM family of edge models, has formally begun the process of listing on the A-share market — the latest sign that China's model labs are treating public listings, not venture