Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in a $1.7 billion initial public offering, valuing the company at $26.5 billion after failed attempts to list in New York and London, according to reports from Reuters. According to Stanford University law professor Curtis Milhaupt, the move marks a definitive pivot … 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
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
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
Australia’s eSafety Commissioner initiated legal proceedings against Telegram, according to a July 30, 2026 announcement, alleging the messaging platform failed to remove graphic videos of terrorist executions and mass shootings. According to the regulator’s office, the platform did not comply with local codes and standards regarding extremist content, exposing the company to civil penalties of … Read more
Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT) has seized newfound pricing power amid a global supply scramble, hiking costs for major tech firms like Huawei and securing a multi-billion dollar deal with TikTok owner ByteDance, according to sources familiar with the matter. The shift highlights a dramatic turnaround for domestic semiconductor firms once reliant … Read more
Wall Street indexes closed lower on July 17, driven by a selloff in AI-linked semiconductor stocks and disappointing guidance from Netflix. The Nasdaq Composite fell 1.40%, the S&P 500 dropped 1.01%, and the Dow Jones Industrial Average declined 0.77%, according to Reuters. AI Chip Fatigue Triggers Semiconductor Bear Market The Philadelphia SE Semiconductor Index (.SOX) … Read more
Meta’s Iris Chip: A Strategic Move Toward AI Independence Meta Platforms (META.O) plans to manufacture its custom AI chip, “Iris,” starting in September 2024 as part of a broader effort to boost computing power to 14 gigawatts by 2027, according to an internal memo reviewed by Reuters. The chip, part of Meta’s four-generation MTIA project, … Read more
Major U.S. technology companies are increasing their presence at the Calgary Stampede as the province of Alberta actively courts hyperscale data center investments. Alphabet’s Google, Meta, and Amazon have engaged in meetings and events at the annual energy gathering, signaling a shift in the province’s industrial focus toward digital infrastructure, according to industry sources. Why … Read more
The Delhi High Court upheld a temporary government order banning Telegram in India, ruling that the restriction is a legal measure to protect the integrity of national medical entrance examinations. Justice Tejas Karia affirmed the government’s authority to block public access to the platform, which serves over 150 million users in the country. The ban, … Read more