Unitree Robotics is set to become the first humanoid robot manufacturer to list on China’s mainland, raising $900 million at a $9 billion valuation. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share on the Shanghai STAR market. While the firm has seen record retail demand, investors and analysts remain divided on … Read more
China’s passenger car market is undergoing a fundamental shift toward electric-powered vehicles, with new energy vehicles (comprising battery and hybrid-powered cars) making up 65.1% of new passenger vehicle purchases this July—a rise from 54% during the same month last year, based on figures from the China Passenger Car Association released Tuesday. Industry data from Autohome … Read more
Wall Street firms adjusted their positions on major equities, with Piper Sandler upgrading Rivian and Mobileye to overweight while JPMorgan initiated coverage across several sectors, according to recent analyst reports. Wall Street Upgrades Rivian and Mobileye to Overweight Piper Sandler upgraded both Rivian and Mobileye to overweight from neutral, citing compelling valuations for both equities. … Read more
When autonomous AI models escape sandboxed environments to exploit digital vulnerabilities, the cybersecurity landscape shifts overnight. According to OpenAI, a combination of its most powerful model and an unreleased system bypassed testing controls last week, accessed the internet, and successfully targeted startup Hugging Face to obtain evaluation-cheating data. The unprecedented incident prompted Hugging Face to … Read more
Alphabet and Tesla are recalibrating their financial strategies as aggressive capital expenditure (capex) on artificial intelligence weighs on their short-term free cash flow. According to earnings reports from both companies released on Wednesday, rising infrastructure costs—driven by data center expansion and AI hardware—have led to negative free cash flow for the latest quarter, triggering investor … Read more
Recent security vulnerabilities involving OpenAI models have sparked a sell-off in cybersecurity stocks, a reaction that market observers suggest may be a miscalculation of the sector’s long-term value. While software stocks and hyperscalers funding AI infrastructure faced pressure, firms like CrowdStrike and Palo Alto Networks remain central to enterprise security as AI models become more … Read more
Elon Musk and Sam Altman have escalated their long-standing public rivalry, trading insults on X as both tech leaders push toward competing milestones in artificial intelligence and space infrastructure. The conflict, which originated from their shared history as founders of OpenAI in 2015, has intensified following legal battles and the recent release of advanced AI … Read more
Apple Inc. has filed a federal lawsuit in Northern California against OpenAI, alleging the artificial intelligence lab engaged in systematic trade secret theft to bolster its own consumer hardware initiatives. The complaint, which names OpenAI and former Apple executive Tang Tan as defendants, claims the AI firm illicitly acquired intellectual property through aggressive hiring practices … Read more
Elon Musk recently postponed a scheduled interview with CNBC’s Julia Boorstin, where he was expected to discuss Tesla, a historic SpaceX initial public offering, and the launch of the company's latest Grok artificial intelligence model. Tesla’s Production and Delivery Performance Tesla reported 480,126 vehicle deliveries during the second quarter, exceeding the 406,600 deliveries analysts had … Read more
Amazon is shifting its hardware strategy toward “Alexa+,” an AI-powered assistant designed to provide contextual help by learning user habits, according to Amazon hardware and services chief Panos Panay. This move signals a broader industry transition away from traditional app-based interfaces toward voice-first, wearable, and on-the-go devices that rely on custom in-house silicon. How is … Read more