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03.07.26 - 05:36
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Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchange (SCMP)
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Chinese short video giant Kuaishou said on Thursday evening that its artificial intelligence video arm, Kling AI, was seeking to raise around US$3 billion in its first external fundraising round, according to a filing to Hong Kong Exchanges and Clearing.
The funding round, first reported by the South China Morning Post on Wednesday, was backed by a long list of investors, spanning Chinese technology heavyweights, state-backed investment vehicles and entertainment industry participants.
Baidu,......
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03.07.26 - 04:00
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H Shrs: HSI Opens Up 185 Pts; KUAISHOU-W Rebounds 6%+; XUNCE Slumps 8%+ (AAStocks)
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US stocks closed mixed. US new non-farm payrolls for June came in far below expectations, easing market concerns over interest rate hikes. The DJIA hit a record high, while chip stocks remained in selloff, with the Nasdaq closing down 0.8%. The HSI opened up 185 pts or 0.81% at 23,240. The HSTECH opened at 4,487, up 33 pts or 0.......
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03.07.26 - 02:06
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Innoscience says Infineon removed disputed GaN products from Shanghai trade show after patent challenge (Digitimes)
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Chinese gallium nitride (GaN) chipmaker Innoscience said on July 2 via its official WeChat account that certain GaN products from Infineon Technologies displayed at electronica China 2026 were covered by an ongoing patent dispute and had already been barred from sale under a Chinese court ruling. According to Innoscience, after its representatives identified the products during the exhibition and raised objections, the disputed exhibits were removed from Infineon's booth....
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02.07.26 - 21:18
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Did the World’s Best AI Lab Really Sell to Google for Just $5 Million? (24/7 Wall St.)
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On a recent Diet TBPN segment, Jordi Hays and his co-host wandered back to December 2010, when a young neuroscientist named Demis Hassabis raised a small amount of funding for a research outfit called DeepMind. The number Jordi surfaced is the kind that makes you spit out your coffee. He said DeepMind “sold half the ... Did the World's Best AI Lab Really Sell to Google for Just $5 Million?...
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02.07.26 - 17:06
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Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources.
- Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power. (Source: Bloomberg)...
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02.07.26 - 11:45
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TENCENT Repurchases 1.146 Million Shares for HKD500 Million (AAStocks)
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TENCENT (00700.HK) repurchased a total of 1.146 million shares on the Stock Exchange today (2nd), at prices ranging from HKD429.6 to HKD443.4 per share, involving HKD500 million.Since the repurchase mandate resolution was approved, TENCENT has cumulatively repurchased 33.3661 million shares, accounting for 0.36594% of its issued......
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