Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more
Chinese artificial intelligence startup DeepSeek formally released its official V4 Pro model to regain ground against fast-moving domestic rivals as it expands hiring, computing capacity, and fundraising efforts, according to Reuters and The Economic Times. The new software, designated V4-Pro-0813, greatly enhances agent capabilities and is available through API, app, and web channels, the companies … Read more
To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News. Debt Restructuring at Delaware Life … Read more
Wall Street indexes rose on Wednesday, driven by the Nasdaq outperforming its peers as upbeat earnings from artificial intelligence infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced market bets that the U.S. Federal Reserve will hold interest rates steady, according to Reuters reporting. AI Infrastructure Earnings Drive Nasdaq Gains The Nasdaq Composite … Read more
Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims that the tech giant engineered Facebook and Instagram to be addictive to children. According to court filings, the seven-week trial in Oakland tests allegations from Colorado, Kentucky, California, and New Jersey that Meta designed … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more
Treasury Wine Estates Faces A$558.4 Million Charge Amid U.S. Operational Pivot Treasury Wine Estates (TWE.AX) expects to record an additional A$558.4 million ($394.5 million) post-tax charge in 2026, stemming from a strategic review of its Americas business. According to Reuters, this write-down targets U.S.-based assets and brands, following a June announcement that identified excess supply-chain … Read more
Chinese artificial intelligence laboratories are implementing commercial revenue-sharing models for open-source AI releases, led by Moonshot and Alibaba, as they push to capture market share from U.S. competitors like OpenAI, Anthropic, and Alphabet’s Google according to recent industry reports. Moonshot and Alibaba Push for Open-Source Revenue Sharing Chinese technology giant Alibaba plans to ask major … Read more
Asian stock markets are showing cautious gains as investors react to a global rally, while oil prices remain near the lowest levels in weeks amid a stalemate in U.S.-Iran tensions. Regional indices are responding to strong U.S. manufacturing figures that pushed the Dow Jones Industrial Average to a record close, even as markets weigh the … Read more